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No drastic declines are expected in the global offshore rig market next year – but no significant upticks either. Analysts say both floater and jackup rig counts and utilization rates will likely stay mostly flat in 2026. They are, however, more optimistic about a potential increase in activity come 2027. Especially in the deepwater segment, where operator confidence appears to be boosted by exploration successes in places like Namibia and Guyana, there is expectation for more long-term growth.

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