Page 23: of Offshore Engineer Magazine (Sep/Oct 2015)

22 24

Field of View

Beneath the surface on

Rig stats

Forties. Photo from Apache.

Worldwide

Rig Type Total Rigs Contracted Available Utilization

Drillship 111 91 20 81% 406 308 98 75%Jackup

Semisub 157 119 38 75% 31 20 11 64%

Tenders

Total 705 538 167 76%

Gulf of Mexico

Rig Type Total Rigs Contracted Available Utilization 37 35 2 94%Drillship 71 51 20 71%

Jackup 20 16 480%

Semisub

N/A N/AN/A N/A

Tenders 128 102 26 79%

Total

Asia Paci? c

Rig Type Total Rigs Contracted Available Utilization

Drillship 15 8 753%

Jackup 118 79 3966% 34 18 16 52%

Semisub

Tenders 19 12 7 63%

Total 186 117 69 62%

Latin America

Rig Type Total Rigs Contracted Available Utilization

Drillship 29 24 582%

Jackup 9 7 2 77% 30 26 486%

Semisub

Tenders 2 1 150%

Total 70 58 1282%

Northwest European Continental Shelf

Rig Type Total Rigs Contracted Available Utilization

N/A N/AN/A N/A

Drillship 50 43 786%

Jackup

Semisub 44 38 686%

N/A N/AN/A N/A

Tenders 94 81 13 86%

Total

Middle East & Caspian Sea

Rig Type Total Rigs Contracted Available Utilization

Drillship 1 0 1 0% 109 95 14 87%

Jackup

A BP Archive photo from Forties from the 1970s. A BP Archive photo from Forties from the 1970s. Reproduced with Reproduced with

Semisub 4 3 1 75% permission from BP Archive . permission from BP Archive .

N/A N/AN/A N/A

Tenders investment. For Projects Group Manager Mark Richardson, what

Total 114 98 16 85% sets Apache’s Forties business apart is the ? rm’s approach to lead-

Sub-Saharan Africa ership, culture and behavior: “Our ability and ? exibility to under-

Rig Type Total Rigs Contracted Available Utilization stand the opportunities available is central to this culture. So, we

Drillship 22 19 386% encourage risk taking, not safety risk, but around commercial,

Jackup 23 17 6 73% contractual, technical, reservoir, subsurface and project opportu-

Semisub 13 9 4 69% nities, because where you take risk, there is often reward.” 10 7 3 70%

Tenders

Towart says: “It is about nimble decision-making and pushing 68 52 16 76%

Total the decision-making process down through the organization,

Rest of the World focusing on the right projects, risk-taking, personal initiative,

Rig Type Total Rigs Contracted Available Utilization and a sense of urgency.”

Drillship 6 4 266%

Jackup 26 16 10 61%

A healthy future

Semisub 12 9 3 75%

Forties, a ? eld that had been scheduled to cease production in

Tenders

N/A N/AN/A N/A 2013, is a prime example of big ? elds that get bigger. Drilling

Total 44 29 15 65% and investment in the ? eld, a core and pro? table asset for

Source: In? eldRigs

Apache, even in today’s tough oil price environment, continues.

11 August 2015

In the right hands, “Forties has hit 40 and it still has a lot of

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

value to be gained,” Towart says. oedigital.com September 2015 | OE 25 020_OE0915_Field of View.indd 25 8/19/15 9:01 PM