la cause de la baisse du jour
Nov 21 (Reuters) - Transocean Ltd attached some hard numbers to industry concerns about near-term slack in the demand for deepwater oil and gas drilling, saying its rigs would represent more than a third of those seeking work in 2014.
Shares of Transocean, owner of the world's largest offshore drilling fleet, fell 3 percent in morning trading on Thursday.
Executives told analysts at a meeting in New York that 14 Transocean deepwater rigs would be available in 2014 out of a total of 39 industry-wide. Both figures are unusually high in a deepwater market where contracts can run for five years or more.
Among rivals, Ensco Plc will have eight rigs available in 2014 and Seadrill five, Transocean said.
But there was pent-up demand for 10 to 15 rigs in the West African deepwater market alone, where programs were held up by delays, according to Terry Bonno, Transocean's senior vice president for rig marketing.
In this cyclical business, customers often strategically wait for over-supplied markets before pressing ahead with drilling, in order to secure long-term contracts at lower rates, she said.
Referring to the deepwater market in the near term, Bonno cited a customer as saying recently: "There's a cold wind blowing."
Long term, however, Transocean cited predictions for 1,250 deepwater wells to be drilled in 2025, compared with about 500 this year. To meet this, there are 110 new rigs under construction, but about 120 were due to be replaced, and Bonno saw potential for 215 additional deepwater rigs to be built.
Transocean shares were down 3.3 percent at $52.17 in morning trading on the New York Stock Exchange. The stock had gained 10 percent over the past few weeks in the wake of strong quarterly results, an increased dividend and plans for more cost savings and a tax-efficient asset vehicle.
Dernière modification par Sim (21-11-2013 19:11:31)