International Association of Drilling Contractors (IADC), Nigeria chapter, has hinted at slight market recovery going by the rig counts, stressing the need for prioritisation of training and retraining of members to meet industry’s standards.
It, however, noted that a revival of the Iranian nuclear deal will lead to an increase in global supply, while the oil market is anticipating that Iran’s supply will pick up again by late summer.
“This notwithstanding, it is expected that the demand recovery will be strong enough to absorb it,” Chairman of IADC, Nigeria…
