Rig utilization stands at 100% around the globe

Smith, Justin
February 2007
Offshore;Feb2007, Vol. 67 Issue 2, p38
Trade Publication
The article reports on offshore drilling fleet utilization around the world. In the US Gulf of Mexico, offshore rig fleet utilization has been increasing toward 90% supply wherein 119 of the 139 available rigs have contracts but none of the idle units are available for immediate work resulting to 100% rig utilization. Meanwhile, rig utilization demand in Central America, South America, and the Caribbean Sea continues to exceed supply. In Asia and Australia region, mobile offshore rig utilization is 95% experiencing surpluses and shortages in rig supply. Rig utilization in Caspian Sea, Black Sea, West Africa and other regions are also discussed.


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