How many of those "peak" contracts are still being honoured by the oil companies or did most of them called in their 90 day “get out” clauses as soon as the downturn hit and re-tendered to the lowest bidder because bottom line is king, not safety or anything else they preach it to be?
Can you give some examples? Apart from Dancopter a few years ago. I know Staoil pulled out early in Tanzania, but that was based on the drilling campaign ceasing early and nothing to do with re-tendering.