Abstract
The value of any company is derived from its cash flow and earnings, which are dependent upon the quantity of sales, sales price, and cost structure. The value of a drilling contractor is derived from the use of its fleet of rigs and the dayrates received, utilization, and operational cost in each region of the world in which it operates. The purpose of this chapter is to describe the primary factors that impact contractor value. Fleet size and value, age, and diversity, revenue, geographic and customer concentration, contract backlog, operating costs, operating margin, financial structure and business strategies are discussed.
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Notes
- 1.
Few rigs were built between 1986 and 1999, and the majority of rigs in the post-1986 category were delivered after 2000.
References
Jefferies and Company, Inc. (2012) Offshore drilling monthly. Jefferies and Company, Houston
RigLogix (2011) RigLogix: upstream intelligence system. www.riglogix.com. Accessed 10 Apr 2011
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© 2013 Springer-Verlag London
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Kaiser, M.J., Snyder, B.F. (2013). Factors That Impact Firm Value. In: The Offshore Drilling Industry and Rig Construction in the Gulf of Mexico. Lecture Notes in Energy, vol 8. Springer, London. https://doi.org/10.1007/978-1-4471-5152-4_7
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DOI: https://doi.org/10.1007/978-1-4471-5152-4_7
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