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Friday, 05 December, 2008, 16:50 GMT | more >>

Offshore rig demand slips



By Upstream staff 

Worldwide offshore rig demand slipped this week to 89.1% with 605 out of 679 rigs under contract, the ODS-Petrodata Group’s weekly survey released today showed.

Worldwide utilization last week was 89.5%

The world fleet increased by one unit as the jackup Al Mariyah being returned to drilling service. The rig had been in a shipyard undergoing refurbishment. In 2000, the rig collapsed during operations and had been unused for several years due to damage.

In the US Gulf, utilisation dipped to 75.2%, with 94 rigs under contract out of 125 – a three rig decline over last week.

In Europe, utilisation held at 100% for the 22nd consecutive week with all 101 rigs in the market in use.

The offshore rig fleet size and the number of rigs under contract in West Africa grew by one this week, thanks to the arrival of a semi and start of a semi contract. With 54 out of 55 rigs contracted, the utilization rate for the area stands at 98.2 percent.

In the Asia/Australia region, 97 of 99 offshore rigs are under contract.


Friday, 01 February, 2008, 20:17 GMT  | last updated: Friday, 01 February, 2008, 20:17 GMT

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