The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Richard Hatch - Berenberg Bank - Analyst
: Thanks a lot. Good morning, Jamie and team, and thanks a lot for the presentation, and congrats on a good set of numbers. Three questions from
me. First one, just on the balance sheet or the cash flow. I saw quite a big payables working cap tailwind. Can you just give us perhaps a bit of
guidance on that as to how that unwinds and how we should think about that into 2021 and beyond?
And secondly, just on the CapEx number for 2021, are you able -- sorry if I missed this, but would you be able to give any color around what you're
expecting to spend in '21?
And then thirdly, just on the rig market. I mean, you're talking about a very big market in terms of demand, but are you struggling to lay hands on
new rigs, or are you comfortable with that asset base you've got? Are you able to satisfy the demands that you see? Thanks.
Question: Richard Hatch - Berenberg Bank - Analyst
: Okay. Got it. Thanks. (multiple speakers) Yes. Go ahead, sir.
Question: Richard Hatch - Berenberg Bank - Analyst
: Okay. Understood. Thanks, Jamie. And then just a last one. On the utilization rate, you suggested that it could nudge up into the mid to higher 60s.
I mean, on a blue sky scenario, where do you think -- where could the utilization rate get to, just given the fact we've got pretty attractive market
conditions? Appreciate the rig -- number of rigs you've got versus, say, the last cycle is more, but what kind of utilization rate do you think is sensible
when we think about a blue sky scenario?
Question: Richard Hatch - Berenberg Bank - Analyst
: Helpful. Thanks a lot. Cheers.
|
