Evercore: Aramco's decision to suspend jack up rigs to put "

Evercore: Aramco's decision to suspend jack up rigs to put "slight" damper on dayrate progression

In March, Saudi Aramco announced plans to reduce capital investment by roughly $40 billion between 2024 and 2028. This was mostly due to the Kingdom’s decision to maintain productive capacity at 12 MMbpd. As part of the decision, Aramco has suspended 17 rigs to date, with a potential for additional releases in the near term.

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