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Friday, April 1, 2011

Offshore Rig Utilization updated 4/1/2011

Current Competitive Offshore Rig Utilization by Region
Africa - West 80.7%  (46/57)
Asia - SouthEast 67.7%  (65/96)
Europe - North Sea 80.0%  (60/75)
Mediterranean 68.2%  (15/22)
MidEast - Persian Gulf 75.5%  (71/94)
N. America - Mexico 63.0%  (17/27)
N. America - US GOM 70.7%  (58/82)
S. America - Brazil 87.3%  (55/63)
updated 4/1/2011
Historical Competitive Offshore Rig Utilization by Region
Below is the breakdown of rig utilization by region of the world for each time period indicated. Utilization numbers are based on a snapshot rig count. Only competitive rigs are included.
Region Current Month Ago 6 Months Ago 1 Year Ago
Africa - Other 33.3%  (1/3) 33.3%  (1/3) 66.7%  (2/3) 33.3%  (1/3)
Africa - West 80.7%  (46/57) 76.4%  (42/55) 86.5%  (45/52) 95.9%  (47/49)
Asia - Caspian 100.0%  (1/1) 100.0%  (1/1) 100.0%  (1/1) 100.0%  (1/1)
Asia - Far East 75.0%  (18/24) 76.0%  (19/25) 80.8%  (21/26) 90.9%  (20/22)
Asia - South 94.4%  (34/36) 94.3%  (33/35) 87.1%  (27/31) 88.9%  (32/36)
Asia - SouthEast 67.7%  (65/96) 68.8%  (66/96) 83.7%  (72/86) 69.9%  (58/83)
Australia 100.0%  (10/10) 100.0%  (9/9) 90.9%  (10/11) 76.9%  (10/13)
Black Sea 0.0%  (0/4) 0.0%  (0/4) 33.3%  (1/3) 50.0%  (2/4)
Europe - East 25.0%  (1/4) 25.0%  (1/4) 33.3%  (1/3) 50.0%  (1/2)
Europe - North Sea 80.0%  (60/75) 80.0%  (60/75) 88.9%  (64/72) 80.6%  (58/72)
Mediterranean 68.2%  (15/22) 69.6%  (16/23) 59.1%  (13/22) 92.9%  (13/14)
MidEast - Persian Gulf 75.5%  (71/94) 77.7%  (73/94) 78.9%  (75/95) 75.5%  (71/94)
MidEast - Red Sea 50.0%  (7/14) 64.3%  (9/14) 83.3%  (10/12) 80.0%  (12/15)
N. America - Canadian Atlantic 100.0%  (2/2) 100.0%  (2/2) 100.0%  (3/3) 100.0%  (4/4)
N. America - Canadian Pacific 0.0%  (0/1) 0.0%  (0/1) 0.0%  (0/1) 0.0%  (0/1)
N. America - Mexico 63.0%  (17/27) 68.0%  (17/25) 71.0%  (22/31) 90.3%  (28/31)
N. America - US Alaska 0.0%  (0/2) 0.0%  (0/1) 0.0%  (0/1) 0.0%  (0/1)
N. America - US GOM 70.7%  (58/82) 67.5%  (56/83) 67.9%  (53/78) 80.8%  (63/78)
Other 0.0%  (0/1) 0.0%  (0/1) 100.0%  (2/2) 0.0% (/0)
S. America - Brazil 87.3%  (55/63) 85.9%  (55/64) 86.4%  (51/59) 88.7%  (47/53)
S. America - Other & Carib. 83.3%  (5/6) 60.0%  (3/5) 28.6%  (2/7) 60.0%  (3/5)
S. America - Venezuela 90.9%  (10/11) 90.9%  (10/11) 100.0%  (10/10) 100.0%  (11/11)
Worldwide (No Region) 0.0%  (0/3) 0.0%  (0/3) 0.0%  (0/1) 0.0% (/0)
Get utilization and day rate details for every offshore rig. Group results and search for rig utilization data based on more than a dozen criteria.
Historical Competitive Offshore Rig Utilization Highlight
The following graph provides rig utilization rates for the last 3 years based on the number days on contract for the competitive rigs in the region.

Upcoming Utilization Highlights
Jan: N. America - Gulf of Mexico May: Europe - North Sea Sept: MidEast - Red Sea
Feb: N. America - Mexico Jun: Mediterranean Oct: Asia - South
Mar: S. America - Venezuela Jul: Africa - West Nov: Asia - SouthEast
Apr: S. America - Brazil Aug: MidEast - Persian Gulf Dec: Australia

Current Competitive Offshore Rig Utilization by Rig Type
Drill Barge 80.0%  (8/10)
Drillship 72.9%  (43/59)
Jackup 72.1%  (263/365)
Semisub 81.0%  (141/174)
Tender 70.0%  (21/30)
Updated: 4/1/2011
Historical Competitive Offshore Rig Utilization by Rig Type
Below is the breakdown of rig utilization by rig types for each time period indicated. Utilization numbers are based on a snapshot rig count. Only competitive rigs are included.
Rig Type Current Month Ago 6 Months Ago 1 Year Ago
Drill Barge 80.0%  (8/10) 80.0%  (8/10) 80.0%  (8/10) 80.0%  (8/10)
Drillship 72.9%  (43/59) 70.7%  (41/58) 75.0%  (39/52) 89.6%  (43/48)
Jackup 72.1%  (263/365) 73.2%  (267/365) 77.6%  (274/353) 80.5%  (276/343)
Semisub 81.0%  (141/174) 79.2%  (137/173) 84.4%  (141/167) 82.2%  (134/163)
Tender 70.0%  (21/30) 72.4%  (21/29) 79.3%  (23/29) 75.0%  (21/28)
Get utilization and day rate details for every offshore rig. Group results and search for rig utilization data based on more than a dozen criteria.

Historical Offshore Rig Utilization
The following graph provides rig utilization rates for the last 3 years based on the number days on contract for the competitive rigs of this type.
Upcoming Utilization Highlights
Jan: Inland Barge May: Semisubmersible Sept: Drillship
Feb: Jackup Jun: Submersible Oct: Drill Barge
Mar: Drillship Jul: Inland Barge Nov: Semisubmersible
Apr: Drill Barge Aug: Jackup Dec: Tender

Offshore Rig Utilization Spotlight
Each month, a different rig type in a specific region of the world is highlighted to give you a detailed look at utilization trends. view now.

Upcoming Utilization Spotlight
Jan: Brazil Drillships 5000'+ May: GOM Semis 4000'+ Sep: W. Africa ILC 250'+
Feb: Brazil Semis 4000'+ Jun: N. Sea ILC 250'+ Oct: Pers. Gulf ILC 250'+
Mar: Mexico MC 200'+ Jul: N. Sea Semis 1500'+ Nov: S. Asia ILC 300'+
Apr: GOM ILC 300'+ Aug: W. Africa Semis 4000+ Dec: SE Asia ILC 300'+


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