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SD Standard Drilling chairman Martin Nes expects a shortage of large PSVs from the second quarter. Photo: Jeff Gilbert

SD Standard Drilling takes term cover but sees looming shortage of large PSVs

Oystein Stray Spetalen-backed company is upbeat on improving prospects in the North Sea market this year

18 February 2021 11:45 GMT Updated 18 February 2021 12:32 GMT

Oslo-listed SD Standard Drilling expects better markets for platform supply vessels this year despite de-risking its operations by finding term work

Offshore