I assume that environment will remain challenged. However, one should note some positive signals: (1) moderate improvement of fleet utilization, (2) incremental demand (mainly from Saudi Arabia, the UAE, Iran and Qatar) as well as relatively strong demand in Mexico, Australia and Middle East (though competitiveness is high), (3) improvements in EBITDA (as a result of cost reduction), but that will be partially offset by higher CAPEX (planned floater reactivations)
I assume that environment will remain challenged. However, one should note some positive signals: (1) moderate improvement of fleet utilization, (2) incremental demand (mainly from Saudi Arabia, the UAE, Iran and Qatar) as well as relatively strong demand in Mexico, Australia and Middle East (though competitiveness is high), (3) improvements in EBITDA (as a result of cost reduction), but that will be partially offset by higher CAPEX (planned floater reactivations)