When a contract is written, 5 or 10 years, that rig will be under contract in Brazil for that time. We won't see it here again in the Gulf for at least that long.
Less rigs, less drilling.
We just picked up another deepwater rig from Noble. They were hard to find before the moritorium. Now we just hafta pay the day rate and hope we can get a few permits approved so it can drill.
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