Page 70: of Maritime Reporter Magazine (June 1998)

582 Rigs Under (ontiwl

Worldwide offshore rig utiliza- tion is 95.6 percent. As of May 13, 582 of the world's 609 mobile off- shore drilling units were under contract, according to data com- piled by Offshore Data Services. In addition to the 609 existing mobile offshore drilling rigs in the world fleet, another 62 are under con- struction. Most of these new rigs will work on very deep water drilling programs. The U.S. Gulf of

Mexico and European offshore rig counts are unchanged from last week. On May 13, 165 of the 173 mobile offshore drilling units in the

U.S. Gulf are under contract. U.S.

Gulf offshore rig utilization is 95.4 percent. In European waters, 109 of 114 mobile offshore drilling units are under contract. European off- shore rig utilization is 95.6 per- cent.

U.S. Gulf of Mexico (otegory/

Date May 13, Month Year 5 years 1998 Ago Ago Ago

Total rigs in fleet 173 176 180 147

Rigs under contract 165 169 170 115

Rigs w/o contract 8 6 10 32

Fleet utilization rate 95.4% 96.6% 94.4% 78.2%

Northwest Europe/Mediterranean Sea

Category/

Dote May 13 Month Year S years 1998 Ago Ago Ago

Total rigs in fleet 114 110 106 127

Rigs under contract 109 106 105 98

Rigs w/o contract 5 4 1 29

Fleet utilization rate 95.6% 96.4% 99.1% 77.2%

Worldwide

Category/

Date May 13 Month Year S years 1998 Ago Ago Ago

Total rigs in fleet 609 609 603 632

Rigs under contract 582 584 576 521

Rigs w/o contract 27 25 27 111

Fleet utilization rate 95.6% 95.9% 95.5% 82.4%

Offshore Platform Rigs

In addition to mobile drilling units, 308 platform rigs are market- ed worldwide for offshore drilling operations:

Area Platform Rig I Rigs Under

Fleet Tota Contract

U.S. Gulf of Mexico 81 62

Europe/Mediterranean* 99 5

Worldwide* 308 267

Fleet

Utiliz.

Rate 76.8% 95.9% 86.7% *as of March 6, 1998 (Updated Quarterly)

Source: Offshore Data Services

Marine Drilling Picks Up Rig

Marine Drilling Cos. Inc. reportedly signed a memorandum of agreement to acquire the

Maersk Explorer, a jack-up drilling rig capable of operating in 205 ft. of water that is currently being used as an accommodation unit in the Danish sector of the

North Sea.

Baker Hughes And Western

Atlas To Merge

Baker Hughes and Western

Atlas announced a mega-merger agreement that will effectively create a company projected to have 1998 revenues of approxi- mately $6.5 billion and 36,000 employees worldwide, and which will surely emerge as a leading oil- field technology and services com- pany with the capability to offer fully integrated reservoir manage- ment from exploration through production.

The combined company will reportedly retain the Baker

Hughes name and be based in

Houston, Texas.

THE DEVIL'S CLAW

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June, 1998

BOWTHRUSTERS

Different models ranging from normal tunnelthrusters upto full 360 degree Azimuthing Jets.

Tunnelthrusters... hydraulically or mechanically driven.

Hydraulically, offered upto 200hp, with the hydraulic motor built inside the tunnel. Mechanically, with right-angled, spiral beveled gearreduction. Offered upto 800hp.

Bow Jets... driven hydraulically, electric or Diesel-direct.

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Barnacle, Paint, and Rust Remover

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Circle 140 on Reader Service Card