In a shift from its Q4 rig market report, Pareto Securities predicts a 2012 increase in jack-up rig rates of 8% for older jack-ups and 6% for newer jack-ups. Pareto previously highlighted trends that financing difficulties of smaller operators might interfere with drilling programs, particularly for the midwater jack-up market which consists largely of independents. But Pareto rig analyst Andreas Stubsrud, in an interview with Upstream Online, said financing issues may be less of......
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