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Rig stats

Task Force (ETF).

Worldwide

The ETF’s Subsea Standardization Project drew on the

Rig Type Total Rigs Contracted Available Utilization expertise of around 30 companies, including operators, the

Drillship 96 62 34 64% supply chain, and industry bodies, to identify ef? ciencies that

Jackup 404 223 181 55%

ANALYSIS could be applied to subsea developments through a simpli? ed,

Semisub 120 61 59 50% ? t for purpose approach.

Tenders 28 19 9 67%

Steve Duthie, project industry lead, and Technip UK’s in- 648 365 283 56%

Total dustry liaison director, says

North America that applying the theory de-

Rig Type Total Rigs Contracted Available Utilization “Wider adoption... veloped through the project

Drillship 31 25 6 80% realized sustainable savings to other prospects,

Jackup 25 6 19 24% of around 25% in two initial

Semisub 10 6 4 60% including small prospects: Centrica’s Pegasus

Tenders

N/A N/AN/A N/A

West and Chevron’s West 66 37 29 56%

Total pools, will provide

Wick.

Asia Paci? c

Ef? ciencies in the Pegasus sustainable savings

Rig Type Total Rigs Contracted Available Utilization

West development, a three 11 3 8 27%

Drillship going forward.” well gas tieback in the SNS, 119 67 52 56%

Jackup included introducing a co- 32 11 21 34%

Semisub –Steve Duthie mingling manifold to replace

Tenders 20 13 7 65% the well daisy chain con? gu- 182 94 88 51%

Total ration, as well as applying a

Latin America standard control system design: saving on management and

Rig Type Total Rigs Contracted Available Utilization engineering costs.

Drillship 22 17 5 77%

In Chevron’s West Wick, a potential heavy oil tieback to the

Jackup 51 26 25 50%

Captain platform in the Moray Firth, one of the ef? ciencies

Semisub 24 16 8 66% was using free hanging risers as an alternative to a caisson

Tenders 2 1 1 50% riser.

99 60 39 60%

Total “This [25% cost saving] has demonstrated what can be

Northwest European Continental Shelf achieved by adopting a collaborative approach, and highlights

Rig Type Total Rigs Contracted Available Utilization the bene? ts of a simpli? ed and ? t for purpose approach to the 1 0 1 0%

Drillship

UKCS,” Duthie says. “Wider adoption... to other prospects, 50 30 20 60%

Jackup including small pools, will provide sustainable savings going 39 22 17 56%

Semisub forward.”

N/A N/AN/A N/A

Tenders

What is clear is that there is no silver bullet to increasing 90 52 38 57%

Total the economic viability of these small, diverse discoveries.

Middle East & Caspian Sea

But, a coordinated pan-industry effort with the ultimate goal

Rig Type Total Rigs Contracted Available Utilization of producing from these marginal discoveries – and in turn

Drillship 2 1 1 50% extending the life of the UKCS – has begun.

Jackup 118 79 39 66% “Hopefully, what comes across is that we are all aligned,”

Semisub 4 3 1 75%

Drummond concludes. “We are all looking to get these

Tenders

N/A N/AN/A N/A things over the line, and that single focus is pulling us 124 83 41 66%

Total together.”

Sub-Saharan Africa

Rig Type Total Rigs Contracted Available Utilization