BUSINESSglobal
Westwood Insight – Floater backlog showing signs of strengthening
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Updated 2 hours ago
First seen March 18, 2026 07:00:37Stay on top of this story
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Quick Summary
After a softer 2025, floater backlog is strengthening for 2026 and beyond, driven by early contracting, strong South American demand, and a growing pipeline of 2027+ programmes. By the close of 2025, total floating rig backlog days had fallen 25% compared with 2024. This was in large part due to few contract awards coming out ...