Utilization:  Drillship 75.4%(86/114)  Jackup 75.8%(339/447)  Semisub 84.3%(145/172)

 

 
 
         Oil near 5-month high as producers stick to cuts    Oil near 5-month high as producers stick to cuts    Oil near 5-month high as producers stick to cuts    Oil near 5-month high as producers stick to cuts    Oil near 5-month high as producers stick to cuts    Oil near 5-month high as producers stick to cuts    Oil near 5-month high as producers stick to cuts     Oil near 5-month high as producers stick to cuts  
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Industry at a Glance

Weekly Offshore rig count

Middle east
  today Last week Month ago Year ago
Total rigs in drilling fleet 127 125
124 117
Rigs under contract 106
106
106
96
Rigs without contract 21
21
18
21
Fleet Utilization Rate 83.5% 83.5% 85.5%             82.1%

 

Offshore rig day rate

Jack up rigs

Rig type Rigs working Total rig fleet Average day rate
Jack up IC<250' WD 41 Rigs 52 Rigs $118,000
Jack up IC 250' WD   45 Rigs 62 Rigs $99,000
Jack up IC 300' WD  99 Rigs  139 Rigs $111,000
Jack up IC 300'+WD 173 Rigs   225 Rigs $178,000

 

Historical Competitive Offshore Rig Utilization by Rig Type

Jack up rigs

Rig type Current Month Ago 6 Months Ago 1 Year Ago
Drill Barge 88.9%  (8/9) 88.9% (8/9) 80.0% (8/10) 90.0%  (9/10)
Drillship 76.3%  (53/76) 73.2%  (82/112) 73.8%  (48/65) 75.0%  (42/56)
Jackup 76.7%  (339/442) 79.5%  (348/438) 78.5%  (289/368) 76.4%  (275/360)
Semisub 84.9%  (146/172) 86.2%  (150/174) 83.6%  (148/177) 81.7%  (138/169)
Tender 69.7%  (23/33) 66.7%  (22/33) 85.7%  (24/28) 75.9%  (22/29)

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