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Wednesday, 07 January, 2009, 19:50 GMT | more >>

Offshore rig count dips



By Upstream staff 

Worldwide offshore rig demand slumped this week to 88% with 593 out of 674 rigs under contract, the ODS-Petrodata Group’s weekly survey released today showed.

Worldwide utilization last week was 88.4%

In the US Gulf, utilisation dipped to 69%, with 89 rigs under contract out of 129 – a three rig decline over last week.

In Europe, utilisation held at 100% for the 22nd consecutive week with all 103 rigs in the market in use.

In South American waters, 63 of 88 mobile offshore drilling units are under contract this week. Fleet utilization in the region is 71.6%, representing a one-rig decline in the region’s contracted fleet over last week.

In the Asia/Australia region, 97 of 98 offshore rigs are under contract.


Friday, 12 October, 2007, 18:28 GMT  | last updated: Friday, 12 October, 2007, 18:28 GMT

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