Thanks for the feedback all, very informative and good discussion. The only other thing I can see that may be causing headwinds are the effects of Covid.
Thinking out loud though, from a customer putting off contractor services for plant maintenance perspective this is kicking the can down the road as R&M will need to occur at some point. The customer would need to carefully balance the risk/reward of not servicing to avoid a Covid case vs the rig breaking down from lack of maintenance. There is also the legislative requirement to perform servicing.
The other Covid risk is from a manning of their own ships perspective. If a crew goes down from a case however, I am of a belief this Covid cycle will be behind us soon.
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Thanks for the feedback all, very informative and good...
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