80 rigs for sale, page-2

I’d say it’d be worldwide.

But playing devil’s advocate here….apart from UG no division, for any company, will be anywhere near fully utilised with current fleet. They all ramped up in 2012 and no chance the market gets back to those levels this decade.

So if you know those old rigs aren’t going to work in the near-medium term, why wouldn’t you sell them?
Otherwise you have to pay to store and maintain them, then spend big bucks on mobilisaiton when you finally get work if it’s been sitting around for years.

Doubt the buyers of the rigs are direct competitors anyway. Not sure you can buy and old rig then go tendering for major/intermediate works.
BLY – wrongly IMO – ignores juniors and buyers of these old rigs would probs go after juniors and/or are farmers looking for water bores.

My 2 cents only.