Sunday, June 29, 2008

Worldwide offshore rigs unchanged

The worldwide offshore contracted rig count and total worldwide offshore rig fleet size are unchanged this week.

However, some rig markets did experience fluctuations in their fleet numbers, according to ODS-Petrodata’s weekly mobile offshore rig count. This week, 625 of the world’s 691 mobile offshore drilling units are under contract, and worldwide offshore rig fleet utilization is 90.4%. The US Gulf of Mexico contracted offshore rig count and available offshore fleet size were unchanged. With 104 rigs out of 123 available under contract, US Gulf fleet utilization stands at 84.6%. No change was recorded this week in the South American offshore rig count. With 71 rigs out of 95 available under contract, South American fleet utilization is 74.7%. The European and Mediterranean region saw the offshore contracted rig count and total offshore fleet size decrease by two each. The European offshore rig fleet remains fully utilized, with all 97 rigs under contract. In West Africa, the offshore rig fleet size and the number of contracted rigs grew by two each this week. With 58 rigs out of 61 available under contract, West African utilization remains at 95.1%. In the Asia and Australia region, the total offshore fleet size and number of rigs under contract rose by one each. With 104 out of 107 available offshore rigs under contract, fleet utilization in the region is 97.2%.
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