Pacific Drilling's Modern Fleet And Newbuilds To Contribute To Outperformance
- Pacific Drilling owns and operates the most modern fleet of ultra-deepwater drilling rigs in the world.
- Exploration and production companies are demanding the use of modern rigs much more strongly than older rigs.
- The reason for this strong demand is because modern rigs have much better performance characteristics.
- Demand for modern ultra-deepwater rigs is expected to exceed supply in the coming years.
- This demand coupled with the company's new rigs should make it one of the fastest growing companies around.