Page 58: of Marine News Magazine (April 2011)

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58 MN April 2011

Offshore Rig Day Rates

Floating Rigs

Rig Type Rigs Working Total Rig Fleet Average Day Rate

Drillship < 4000' WD 6 rigs 8 rigs $241,200.00

Drillship 4000'+ WD 39 rigs 53 rigs $450,420.43

Semisub < 1500' WD 10 rigs 18 rigs $250,992.86

Semisub 1500'+ WD 65 rigs 86 rigs $299,132.31

Semisub 4000'+ WD 74 rigs 96 rigs $398,907.89

Jackup Rigs

Rig Type Rigs Working Total Rig Fleet Average Day Rate

Jackup IC < 250' WD 27 rigs 54 rigs $65,428.57

Jackup IC 250' WD 36 rigs 65 rigs $92,112.90

Jackup IC 300' WD 82 rigs 126 rigs $100,107.91

Jackup IC 300'+ WD 115 rigs 149 rigs $135,137.07

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 1 rigs 3 rigs $55,000.00

Jackup MC < 200' WD 2 rigs 16 rigs $22,333.33

Jackup MC 200'+ WD 13 rigs 28 rigs $44,833.33

Jackup MS < 200' WD 2 rigs 2 rigs —

Jackup MS 200'+ WD 5 rigs 19 rigs $84,433.33

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 —

Inland Barge 35 rigs 74 rigs $46,585.71

Platform Rig 143 rigs 250 rigs $45,620.83

Submersible 0 rigs 6 rigs —

Tender 21 rigs 33 rigs $124,747.00

Source: Rigzone

Offshore Rig Fleet by Region

Region % No.

Africa – West 77.2% (44/57)

Asia – SouthEast 69.1% (65/94)

Europe - North Sea 81.3% (61/75)

Mediterranean 68.2% (15/22)

MidEast - Persian Gulf 77.7% (73/94)

N. America – Mexico 65.4% (17/26)

N. America - US GOM 72.0% (59/82)

S. America – Brazil 87.3% (55/63)

Source: Rigzone

Offshore Rig Utilization by Type

Type % No.

Drill Barge 80.0% (8/10)

Drillship 75.9% (44/58)

Jackup 72.6% (265/365)

Semisub 82.1% (142/173)

Tender 70.0% (21/30)

Source: Rigzone

Bunker Fuel

Port IFO 380 IFO 180 MGO Del. Date

Corpus Christi 660.00 690 1000.00 W 2011-03-30

Houston 629.00 671.00 975.00 W 2011-03-30

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

Port IFO380 IFO180 MGO MDO Barge Updated

New York 647.00 676.00 — 1013.50 $7.50 Mar 30

Houston 642.50 696.00 Pending 1012.50 $7.00 Mar 30

Los Angeles 686.00 706.00 — 1007.50 $5.80 Mar 30

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

TSA Surcharge

West Coast

Date $/MT ch/$ ch/%

Mar 28 667.00 +16.00 +2.5

Mar 21 651.00 +0.50 +0.1

Mar 14 650.50 -6.50 -1.0

Mar 7 657.00 +8.00 +1.2

Feb 28 649.00 +40.50 +6.7

Feb 21 608.50 +4.50 +0.7

Feb 14 604.00 +2.00 +0.3

Feb 7 602.00 +40.50 +7.2

Jan 31 561.50 +10.50 +1.9

Jan 24 551.00 +0.50 +0.1

Jan 17 550.50 +19.00 +3.6

Jan 10 531.50 -10.00 -1.8

East Coast

Date $/MT ch/$ ch/%

Mar 28 652.50 +8.50 +1.3

Mar 21 644.00 -15.00 -2.3

Mar 14 659.00 +4.00 +0.6

Mar 7 655.00 +8.50 +1.3

Feb 28 646.50 +43.50 +7.2

Feb 21 603.00 +4.00 +0.7

Feb 14 599.00 +21.00 +3.6

Feb 7 578.00 +28.00 +5.1

Jan 31 550.00 +15.50 +2.9

Jan 24 534.50 -0.5 -0.1

Jan 17 535.00 +11.00 +2.1

Jan 10 524.00 +4.00 +0.8

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

Indicative World Steel Prices

Indicative prices Change

SBB HRC world price $/t 826.395 +8

SBB Rebar world price $/t 743.584 -5

SBB World Price Tracker 285.393 +3

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