2 ms·
The rental rate reflects potential productivity of the platform. Once they're old enough to not be useful as oil rigs the price falls to the scrap floor pretty
by throwaway0a5e 6y ago
The rental rate reflects potential productivity of the platform.
Once they're old enough to not be useful as oil rigs the price falls to the scrap floor pretty quickly.
The scrap value is still pretty high since they're chock full of all sorts of industrial and maritime machinery that can simply be unbolted and sold.