Page 57: of Marine News Magazine (May 2011)

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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 $241,200.00

Drillship 4000'+ WD 39 rigs 54 rigs $450,731.85

Semisub < 1500' WD 9 rigs 18 rigs $250,992.86

Semisub 1500'+ WD 66 rigs 86 rigs $293,511.73

Semisub 4000'+ WD 78 rigs 98 rigs $409,410.26

Jackup Rigs

Rig Type Rigs Working Total Rig Fleet Average Day Rate

Jackup IC < 250' WD 30 rigs 53 rigs $71,333.33

Jackup IC 250' WD 39 rigs 64 rigs $90,661.76

Jackup IC 300' WD 90 rigs 126 rigs $96,366.15

Jackup IC 300'+ WD 114 rigs 146 rigs $134,962.75

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 12 rigs $22,333.33

Jackup MC 200'+ WD 11 rigs 28 rigs $48,784.09

Jackup MS < 200' WD 2 rigs 2 rigs —

Jackup MS 200'+ WD 5 rigs 19 rigs $76,650.00

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 —

Inland Barge 26 rigs 75 rigs $46,585.71

Platform Rig 142 rigs 250 rigs $42,974.82

Submersible 0 rigs 6 rigs —

Tender 20 rigs 33 rigs $126,536.84

Source: Rigzone

Offshore Rig Fleet by Region

Region % No.

Africa – West 78.9% (45/57)

Asia – SouthEast 69.9% (65/93)

Europe - North Sea 84.2% (64/76)

Mediterranean 71.4% (15/21)

MidEast - Persian Gulf 76.6% (72/94)

N. America – Mexico 65.5% (19/29)

N. America - US GOM 73.8% (59/80)

S. America – Brazil 86.4% (57/66)

Source: Rigzone

Offshore Rig Utilization by Type

Type % No.

Drill Barge 80.0% (8/10)

Drillship 70.0% (42/60)

Jackup 75.4% (273/362)

Semisub 82.7% (143/173)

Tender 66.7% (20/30)

Source: Rigzone

Bunker Fuel

Port IFO 380 IFO 180 MGO Del. Date

Corpus Christi 685.00 700.00 1050.00 W 2011-04-28

Houston 657.00 690.00 1035.00 W 2011-04-28

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

Port IFO380 IFO180 MGO MDO Barge Updated

New York 679.00 708.00 — 1053.50 $7.50 Apr 28

Houston 672.50 708.50 — 1056.50 $7.00 Apr 28

Los Angeles 691.00 719.50 — 1061.00 $5.80 Apr 28

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

TSA Surcharge

West Coast

Date $/MT ch/$ ch/%

Apr 25 691.00 -1.50 -0.2

Apr 18 692.50 -9.50 -1.4

Apr 11 702.00 +3.50 +0.5

Apr 4 698.50 +31.50 +4.7

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

East Coast

Date $/MT ch/$ ch/%

Apr 25 688.00 +2.50 +0.4

Apr 18 685.50 -10.00 -1.4

Apr 11 695.50 +16.50 +2.4

Apr 4 679.00 +26.50 +4.1

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

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

Indicative World Steel Prices

Indicative prices Change

SBB HRC world price $/t 810.585 -15

SBB Rebar world price $/t 726.713 -14

SBB World Price Tracker 283.724 -1

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