Page 3rd Cover: of Offshore Engineer Magazine (Jan/Feb 2025)

45 4th Cover

by the numbers

RIGS

Worldwide Latin America & the Caribbean Russia & Caspian

Rig Type Available Contracted Total Utilization Rig Type Available Contracted Total Utilization Rig Type Available Contracted Total Utilization

Drillship 11 76 87 87% Drillship 32 32 100% Jackup 8 2 10 20%

Jackup 192 287 479 60% Jackup 3 5 8 63% Semisub 1 2 3 67%

Semisub 23 44 67 66% Semisub 1 9 10 90%

Global Average Dayrates

Africa Middle East Floaters Jackups

Rig Type Available Contracted Total Utilization Rig Type Available Contracted Total Utilization Ultradeep water 350.0 High-spec 163.5

Drillship 1 12 13 92% Jackup 53 119 172 69% Deepwater 254.1 Premium 133.5

Jackup 12 20 32 63% Drillship Midwater 360.7 Standard 93.3

Semisub 3 3 100%

North America Rig Type Available Contracted Total Utilization

Asia

Rig Type Available Contracted Total Utilization Drillship 22 22 100%

Drillship 5 4 9 44% Jackup 29 22 51 43% assets that are under construction, retired, destroyed,

Jackup 77 82 159 52% Semisub 1 2 3 67% deemed noncompetitive or cold stacked.

Semisub 16 5 21 24%

Oceania Rig Type Available Contracted Total Utilization

Europe

Rig Type Available Contracted Total Utilization Drillship

Drillship 3 5 8 63% Jackup 2 2 100%

Data as of February 2025

Jackup 9 32 41 78% Semisub 5 5 100%

Source: Wood Mackenzie Offshore Rig Tracker

Semisub 3 18 21 86% discoveries & Reserves

Offshore New Discoveries

Water Depth 2020 2021 2022 2024 2024 2025

Deepwater 13 14 22 15 17 1

Shallow water 49 60 43 61 31

Ultra-deepwater 12 7 22 13 5 1 Shallow water (1-399m) Deepwater (400-1,499m)

Grand Total 74 81 87 89 53 2 Ultra-deepwater (1,500m+)

Offshore Undeveloped Recoverable Reserves

Water Depth Number Recoverable Recoverable

Deepwater 599 48,042 22,612

Contingent, good technical, probable development.

Shallow water 3,286 439,765 152,966

Ultra-deepwater 351 42,846 26,369

The total proven and probably (2P) reserves which are

Grand Total 4,236 530,653 201,948 deemed recoverable from the reservoir.

Offshore Onstream & Under Development Remaining Reserves

Africa 572 17,566 11,407

Asia 846 16,029 7,272

Europe 722 11,471 10,709

Latin America and the Caribbean 198 7,677 40,682

Middle East 141 105,818 147,900

North America 475 2,693 13,236 Onstream and under development.

Oceania 81 10,201 1,025

Russia and the Caspian 60 16,974 12,145 The portion of commercially recoverable 2P reserves yet to be recovered from the reservoir.

Grand Total 3,095 188,428 244,376

Source: Wood Mackenzie Lens Direct 46 OFFSHORE ENGINEER OEDIGITAL.COM