Risk Factors Update Summary
- Added renewable energy projects to drilling prospects, increasing diversification and potential revenue streams.
- The number of uncontracted rigs increased from 13 to 14, with 6 rigs out of service.
- Ownership interest in a newbuild drillship added, impacting future operational capacity and costs.
- Increased contract backlog from approximately $9.01 billion to $9.54 billion, affecting revenue visibility.
- Public sentiment shifts towards ESG practices may impact stock price and access to capital markets.
- Efforts to discourage investments in energy companies may affect stock price and market access.
- Intensified focus on ESG practices may lead to additional reporting requirements and increased pressure.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1451505&owner=exclude
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