After booming in 2007 and early 2008, the offshore drilling industry slump in 2009. Lower oil prices lead oil companies to reduce budget and drill rig utilization falls from essentially 100% to 70% in some markets. Daily Prices – The prices paid for an investment services – case by more than 68%. The case shows how supply and demand work together to prices and utilization in the short term, and long-term care is like in an industry where additional capacity determine determined to sever … Read more »

After booming in 2007 and early 2008, the offshore drilling industry slump in 2009. Lower oil prices lead oil companies to reduce budget and drill rig utilization falls from essentially 100% to 70% in some markets. Daily Prices – The prices paid for an investment services – case by more than 68%. The case shows how supply and demand work together to prices and utilization in the short term, and long-term care is like in an industry where additional construction will definitely take several years to determine. Also describes how advances in deepwater drilling technology is changing industry structure.
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from
Ramon Casadesus – Masanell,
Kenneth Corts,
Joseph McElroy
Source: Harvard Business School
28 pages.
Release Date: 22 May 2011. Prod #: 711 543 PDF-ENG
The Offshore Drilling Industry in 2011 HBR case solution