Page 20: of Offshore Engineer Magazine (Jan/Feb 2014)

19 21

Quick stats

SOURCE: INFIELDRIGS

RIG STATS

Worldwide

Analysis

Rig Type Total Rigs Contracted Available Utilization

Jackups 409 361 48 88%

Semisubs 192 171 21 89%

Drillships 94 88 6 94% 31 21 10 68%

Tenders

Total 726 641 85 88%

Gulf of Mexico

Rig Type Total Rigs Contracted Available Utilization 89 72 17 81%

Jackups

Semisubs 29 25 486%

Maps courtesy of Sebastián Machado.

21 20 1 95%

Drillships

N/A N/AN/A N/A

Tenders run east-west. 139 117 22 84%

Total “At that point, Colombia lost some islands,” he said.

It should be noted that Colombia did not lose sovereignty:

Asia Paci? c only economic rights.

Rig Type Total Rigs Contracted Available Utilization

Ramirez explained: “In the case of islands, however, the 117 108 9 92%

Jackups overlapping entitlements originate not only from the relevant

Semisubs 34 29 5 85% coasts but from the rights over the sea that are derived from the 17 13 4 76%

Drillships

Tenders 24 16 8 67% property over the islands. Falling back on the principle that

Total 192 166 26 86% islands, no matter how small, generate the same maritime rights as other land territory, Colombia argued that all of its high-tide

Latin America elevations were entitled a territorial sea of 12nm.”

Rig Type Total Rigs Contracted Available Utilization

Ramirez said that, in his opinion, the loss wasn’t “that

Jackups 8 7 188% signi? cant.”

Semisubs 42 42 0100%

Colombians were enraged to lose any territory whatsoever.

Drillships 29 29 0100%

Tenders 2 1 150% “They didn’t understand the technicalities of maritime law 81 79 298%

Total and the public thought we lost territory. The government [capi- talized on] it,” Ramirez said, explaining that it soon became a

Northwest European Continental Shelf very political issue.

Rig Type Total Rigs Contracted Available Utilization

Colombian President Juan Manuel Santos withdrew the

Jackups 45 41 4 91% country from the ICJ, even though Colombia is still expected

Semisubs 46 44 296% to comply with the Hague’s directive. Nicaraguan President

Drillships 1 1 0100%

Daniel Ortega ordered his military to prepare for con? ict with

Tenders

N/A N/AN/A N/A 92 86 6 93%

Total

Colombia, exacerbating the issue. In return, Santos ordered the

Colombian Navy to continue patrolling the waters belonging to

Middle East & Caspian Sea

Nicaragua.

Rig Type Total Rigs Contracted Available Utilization

Jones said that the perceived loss of territory hit the 101 88 13 87%

Jackups

Colombians very hard.

Semisubs 3 3 0100% “Any territory is still a loss. From a sovereignty perspec-

Drillships 1 1 0100% tive, it would lose sovereignty over a relatively large area of

Tenders

N/A N/AN/A N/A

Caribbean – 30,000sq mi. From a nation-state point of view

Total 105 92 13 88% it is a loss,” he said. “The loss of Panama is still very fresh

Sub-Saharan Africa in the minds of Colombians.” While Jones doesn’t believe

Rig Type Total Rigs Contracted Available Utilization that the situation will escalate into military action, there

Jackups 25 23 2 92% are consequences nonetheless. He explained that, because

Semisubs 20 17 3 85% the political structures of Nicaragua and China are similar,

Drillships 22 22 0100%

Ortega is turning to the Chinese for petroleum exploration and 5 4 180%

Tenders development.

Total 72 66 6 92% “At least the potential is the hope that the Chinese will help

Rest of the World him with exploration and development with any hydrocarbons

Rig Type Total Rigs Contracted Available Utilization found in the area. The Chinese are more willing to go into

Jackups 24 22 2 92% these areas based on strong political ties with this government

Semisubs 18 11 7 61% and would be willing to risk action by the Colombians,” Jones

Drillships 3 2 1 67% explained. “Even if the petroleum resources don’t pan out, it

N/A N/AN/A N/A

Tenders grants you greater access to ? sheries and a greater area under

Total 45 35 1078% your control.” 17 December 201317 December 2013

This data focuses on the marketed rig ? eet and excludes assets that are under construction, retired, destroyed, deemed non-competitive or cold stacked.

January 2014 oedigital.com 22 019_OE0114_Analysis.indd 22 12/19/13 6:12 PM