Poging GOUD - Vrij
Operating profit of offshore oil rig operators to swell 30% next fiscal
The Business Guardian
|December 27, 2023
Indian offshore rig operators are set for a 30 per cent jump in operating profit in fiscal 2025 with strong global demand for rigs amid healthy crude oil prices keeps day rates elevated after doubling to USD 85,000 from last year’s level.
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The operators will benefit gradually as expiring rig contracts get redeployed at higher rates and the weighted average day rates improve to USD60,000 by next fiscal from USD 35,000-40,000 last fiscal. As a result, operating profit is expected to increase by a modest 5 per cent this fiscal and surge next fiscal as newer lucrative contracts kick in. In the absence of significant investment towards addition of rigs, the growth will bolster the return and debt metrics of rig operators and strengthen their credit risk profiles.
Dit verhaal komt uit de December 27, 2023-editie van The Business Guardian.
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