Page 55: of Maritime Reporter Magazine (June 2014)

www.marinelink.com 55

The day rates are the current day rates for each rig type drawn from the RigLogix database.

These numbers, which include both competitive and non-competitive rigs, are updated on a daily basis.

Floating Rigs

Rig Type Rigs Working Total Rig Fleet Average Day Rate

Drillship < 4000’ WD 8 rigs 8 rigs $260,000

Drillship 4000’+ WD 80 rigs 100 rigs $512,000

Semisub < 1500’ WD 11 rigs 15 rigs $294,000

Semisub 1500’+ WD 60 rigs 88 rigs $339,000

Semisub 4000’+ WD 89 rigs 118 rigs $431,000

Jackup Rigs

Rig Type Rigs Working Total Rig Fleet Average Day Rate

Jackup IC < 250’ WD 38 rigs 54 rigs $105,000

Jackup IC 250’ WD 46 rigs 61 rigs $96,000

Jackup IC 300’ WD 100 rigs 140 rigs $109,000

Jackup IC 300’+ WD 169 rigs 208 rigs $171,000

Jackup IS < 250’ WD 6 rigs 9 rigs --

Jackup IS 250’ WD 6 rigs 9 rigs $75,000

Jackup IS 300’ WD 2 rigs 5 rigs $60,000

Jackup IS 300’+ WD 0 rigs 2 rigs --

Jackup MC < 200’ WD 2 rigs 10 rigs $82,000

Jackup MC 200’+ WD 11 rigs 22 rigs $108,000

Jackup MS < 200’ WD 2 rigs 3 rigs --

Jackup MS 200’+ WD 7 rigs 10 rigs $76,000

Other Offshore Rigs

Rig Type Rigs Working Total Rig Fleet Average Day Rate

Drill Barge < 150’ WD 19 rigs 40 rigs --

Drill Barge 150’+ WD 6 rigs 8 rigs $66,000

Inland Barge 12 rigs 70 rigs $76,000

Platform Rig 135 rigs 249 rigs $55,000

Submersible 0 rigs 2 rigs --

Tender 22 rigs 39 rigs $162,000 (Source: RigZone.com)

Offshore Rig Dayrates

Below is the breakdown of rig utilization by region of the world for each time period indicated.

Utilization numbers are based on a snapshot rig count. Only competitive rigs are included.

Region Current 6 Months Ago 1 Year Ago

Africa - Other 66.7% (6/9) 50% (4/8) 100% (6/6)

Africa - West 73.8% (59/80) 88.2% (60/68) 81.8% (54/66)

Asia - Caspian 33.3% (1/3) 50% (1/2) 50% (1/2)

Asia - Far East 69.4% (25/36) 79.3% (23/29) 82.8% (24/29)

Asia - South 86.5% (32/37) 94.1% (32/34) 100% (33/33)

Asia - SouthEast 73.8% (79/107) 76.8% (86/112) 78.7% (85/108)

Australia 92.3% (12/13) 100% (13/13) 100% (12/12)

Black Sea 66.7% (4/6) 50% (2/4) 75% (3/4)

Europe - East 100% (1/1) 100% (1/1) 100% (1/1)

Europe - North Sea 86.3% (82/95) 89% (81/91) 89.9% (80/89)

Mediterranean 66.7% (10/15) 77.8% (14/18) 70.6% (12/17)

MidEast - Persian Gulf 77.6% (90/116) 83.9% (94/112) 84.8% (89/105)

MidEast - Red Sea 64.7% (11/17) 81.3% (13/16) 80% (12/15)

N. America - Canadian Arctic 100% (1/1) 0.0% (/0) 0.0% (/0)

N. America - Canadian Atlantic 100% (2/2) 75% (3/4) 100% (3/3)

N. America - Canadian Pacifi c 0.0% (0/1) 0.0% (0/1) 0.0% (0/1)

N. America - Mexico 83.9% (52/62) 80.4% (45/56) 81.6% (40/49)

N. America - US Alaska 100% (2/2) 100% (2/2) 100% (2/2)

N. America - US GOM 78.7% (70/89) 82.5% (66/80) 88.6% (70/79)

S. America - Brazil 92.1% (58/63) 98.5% (66/67) 98.6% (72/73)

S. America - Other & Carib. 70% (7/10) 71.4% (5/7) 66.7% (6/9)

S. America - Venezuela 88.9% (8/9) 72.7% (8/11) 80% (8/10)

Worldwide (No Region) 20.0% (1/5) 0.0% (/0) 0.0% (/0) (Source: RigZone.com)

Offshore Rig Utilization by Region

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