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21-11-2014, 11:22 PM
O&M research from Maybank with a section on OSV owners:
http://research.maybank-ib.com/pdf/docum...4_5985.pdf
Tightening OSV-to-rig ratio. Based on supply growth and assuming no
attrition, we see a dwindling OSV-to-rig ratio (Figure 22), even at 80% rig
utilisation. This would suggest sustained demand for OSVs.
http://research.maybank-ib.com/pdf/docum...4_5985.pdf
Tightening OSV-to-rig ratio. Based on supply growth and assuming no
attrition, we see a dwindling OSV-to-rig ratio (Figure 22), even at 80% rig
utilisation. This would suggest sustained demand for OSVs.