Page 87: of Marine News Magazine (November 2010)

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Offshore Rig Day Rates

Floating Rigs

Rig Type Rigs Working Total Rig Fleet Average Day Rate

Drillship < 4000' WD 7 rigs 8 rigs $265,600.00

Drillship 4000'+ WD 36 rigs 47 rigs $433,842.14

Semisub < 1500' WD 10 rigs 18 rigs $293,992.86

Semisub 1500'+ WD 64 rigs 86 rigs $316,795.66

Semisub 4000'+ WD 77 rigs 91 rigs $402,801.95

Jackup Rigs

Rig Type Rigs Working Total Rig Fleet Average Day Rate

Jackup IC < 250' WD 32 rigs 52 rigs $83,750.00

Jackup IC 250' WD 39 rigs 65 rigs $95,834.85

Jackup IC 300' WD 85 rigs 124 rigs $104,023.21

Jackup IC 300'+ WD 114 rigs 144 rigs $139,306.78

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 $27,000.00

Jackup MC 200'+ WD 6 rigs 28 rigs $62,500.00

Jackup MS < 200' WD 2 rigs 2 rigs —

Jackup MS 200'+ WD 6 rigs 19 rigs $68,500.00

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 $82,500.00

Inland Barge 37 rigs 74 rigs $46,137.50

Platform Rig 144 rigs 250 rigs $44,996.43

Submersible 0 rigs 6 rigs —

Tender 25 rigs 32 rigs $117,780.00

Source: Rigzone

Offshore Rig Fleet by Region

Region % No.

Africa – West 88.7% (47/53)

Asia – SouthEast 79.3% (69/87)

Europe - North Sea 84.5% (60/71)

Mediterranean 72.7% (16/22)

MidEast - Persian Gulf 74.5% (73/98)

N. America – Mexico 71.9% (23/32)

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

S. America – Brazil 93.4% (57/61)

Source: Rigzone

Offshore Rig Utilization by Type

Type % No.

Drill Barge 80.0% (8/10)

Drillship 81.1% (43/53)

Jackup 74.8% (270/361)

Semisub 87.6% (148/169)

Submersible 0.0% (0/1)

Tender 83.3% (25/30)

Source: Rigzone

Bunker Fuel

Port IFO 380 IFO 180 MDO Del. Date

Corpus Christi 495.00 505.00 745.00 D 2011-11-01

Houston 460.00 481.00 — W 2010-11-01

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

Port IFO380 IFO180 MGO MDO Barge Updated

New York 476.00 501.50 — — $7.50 Nov 1

Houston 462.00 475.50 — 735.00 $7.00 Nov 1

Los Angeles 476.00 494.50 Pending 757.50 $5.80 Nov 1

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

TSA Surcharge

West Coast

Date $/MT ch/$ ch/%

Oct 25 476.50 +10.00 +2.1

Oct 18 466.50 -8.50 -1.8

Oct 11 475.00 +6.00 +1.3

Oct 4 469.00 +20.00 +4.5

Sep 27 449.00 +20.00 +4.5

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

East Coast

Date $/MT ch/$ ch/%

Date $/MT ch/$ ch/%

Oct 25 477.00 +5.50 +1.2

Oct 18 471.50 -11.00 -2.3

Oct 11 482.50 +8.50 +1.8

Oct 4 474.00 +19.00 +4.2

Sep 27 455.00 -4.00 -0.9

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

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

Indicative World Steel Prices

Indicative prices Change

SBB HRC world price $/t 679.825 -4

SBB Rebar world price $/t 626.209 -6

SBB World Price Tracker 234.937 0

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