PPRuNe Forums - View Single Post - Babcock Offshore to exit market??
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Old 18th Mar 2020, 23:10
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ApolloHeli
 
Join Date: Mar 2019
Location: Europe
Posts: 234
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Originally Posted by SASless
The way oil prices are going....it is going to be the Oil and Gas Industry that pulls the plug along with its contractors dying on the vine.

When the Russians and Saudi's team up....they make a pretty mean competitor.
I actually am curious given the current situation with oil prices - if an operator signed a contract for X years (take Babcock now as an example), does that mean there's guaranteed work / jobs for the length of the contract, or is it possible for the Oil company to sever the deal short of the agreed timeline and as a result some pilot jobs may be cut short?
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