Page 55: of Marine News Magazine (October 2010)

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Offshore Rig Day Rates

Floating Rigs

Rig Type Rigs Working Total Rig Fleet Average Day Rate

Drillship < 4000' WD 6 rigs 8 rigs $237,900.00

Drillship 4000'+ WD 35 rigs 45 rigs $420,324.13

Semisub < 1500' WD 10 rigs 18 rigs $300,278.57

Semisub 1500'+ WD 67 rigs 85 rigs $311,396.89

Semisub 4000'+ WD 74 rigs 90 rigs $397,858.97

Jackup Rigs

Rig Type Rigs Working Total Rig Fleet Average Day Rate

Jackup IC < 250' WD 35 rigs 52 rigs $84,708.33

Jackup IC 250' WD 39 rigs 65 rigs $98,574.84

Jackup IC 300' WD 86 rigs 124 rigs $108,101.69

Jackup IC 300'+ WD 111 rigs 142 rigs $143,495.57

Jackup IS < 250' WD 5 rigs 7 rigs —

Jackup IS 250' WD 8 rigs 10 rigs $137,000.00

Jackup IS 300' WD 2 rigs 5 rigs $60,300.00

Jackup IS 300'+ WD 0 rigs 3 rigs —

Jackup MC < 200' WD 3 rigs 16 rigs $30,333.33

Jackup MC 200'+ WD 12 rigs 28 rigs $48,666.67

Jackup MS < 200' WD 2 rigs 2 rigs —

Jackup MS 200'+ WD 4 rigs 19 rigs $77,813.33

Other Offshore Rigs

Rig Type Rigs Working Total Rig Fleet Average Day Rate

Drill Barge < 150' WD 18 rigs 39 rigs —

Drill Barge 150'+ WD 6 rigs 9 rigs $77,000.00

Inland Barge 39 rigs 74 rigs $45,243.75

Platform Rig 147 rigs 250 rigs $44,463.33

Submersible 0 rigs 6 rigs —

Tender 24 rigs 32 rigs $117,780.00

Source: Rigzone

Offshore Rig Fleet by Region

Region % No.

Africa – West 87.0% (47/54)

Asia – SouthEast 83.5% (71/85)

Europe - North Sea 90.1% (64/71)

Mediterranean 52.4% (11/21)

MidEast - Persian Gulf 78.4% (76/97)

N. America – Mexico 66.7% (22/33)

N. America - US GOM 63.8% (51/80)

S. America – Brazil 83.9% (52/62)

Source: Rigzone

Offshore Rig Utilization by Type

Type % No.

Drill Barge 80.0% (8/10)

Drillship 76.5% (39/51)

Jackup 77.5% (274/363)

Semisub 85.1% (143/168)

Submersible 0.0% (0/1)

Tender 80.0% (24/30)

Bunker Fuel

Port IFO 380 IFO 180 MDO Del. Date

Corpus Christi 460.00 495.00 720.00 D 2010-09-24

Houston 435.00 460.00 — W 2010-09-24

Source: BunkerIndex.com - http://www.bunkerworld.com/markets/prices

Port IFO380 IFO180 MGO MDO Barge Updated

New York 455.00 476.00 — 722.50 $7.50 Sep 24

Houston 438.50 468.00 — 692.50 $7.00 Sep 24

Los Angeles 443.00 470.50 703.00 712.50 $5.80 Sep 24

Source: Bunkerworld.com - http://www.bunkerworld.com/markets/surcharges/tsa#

TSA Surcharge

West Coast

Date $/MT ch/$ ch/%

Sep 20 452.50 -1.50 -0.3

Sep 13 454.00 -2.00 -0.4

Sep 6 456.00 +12.50 +2.8

Aug 30 443.50 +1.00 +0.2

Aug 23 442.50 -3.00 -0.7

Aug 16 445.50 -24.50 -5.2

Aug 9 470.00 +4.50 +1.0

Aug 2 465.50 +1.50 +0.3

July 26 464.00 +14.00 +3.1

July 19 450.00 +9.00 +2.0

July 12 441.00 +11.00 +2.6

July 5 430.00 -24.00 -5.3

East Coast

Date $/MT ch/$ ch/%

Sep 20 459.00 -1.00 -0.2

Sep 13 460.00 +1.50 +0.3

Sep 6 458.50 +4.00 +0.9

Aug 30 454.50 +6.00 +1.3

Aug 23 448.50 -3.00 -0.7

Aug 16 451.50 -15.50 -3.3

Aug 9 467.00 +4.50 +1.0

Aug 2 462.50 +6.00 +1.3

July 26 456.50 +6.00 +1.3

July 19 450.50 +6.00 +1.3

July 12 444.50 +16.50 +3.9

July 5 428.00 -24.00 -5.3

Source: Bunkerworld.com http://www.bunkerworld.com/markets/surcharges/tsa#

Indicative World Steel Prices

Indicative prices Change

SBB HRC world price $/t 684.846 +20

SBB Rebar world price $/t 637.756 +31

SBB World Price Tracker 237.461 +6

Source: Steel Business Briefing http://www.steelbb.com/steelprices/

Source: Charts courtesy of Waterborne Commerce Statistics Center, New Orleans, La. (http://www.iwr.usace.army.mil/ndc/wcsc/wcsc.htm)

BY THE NUMBERS www.marinelink.com MN 55