Offshore Rig Count: Contracted rig count takes small leap

Source: ODS-Petrodata
By Cinnamon Odell

The number of offshore drilling rigs in the world stands at 793 this week. Notably, the number of mobile offshore drilling units with contracts rose by 10 from last week to 595. As a result, the worldwide offshore rig fleet utilization rate rose this week to 75.0 percent. 

In the US Gulf of Mexico, the rig supply is unchanged at 125 units. However, the contracted rig count increased by four. With 69 out of 125 units under contract, the regional fleet utilization rate is now 55.2 percent. Within South America, both the fleet count and the contracted count increased by two units this week. With 102 out of 128 mobile offshore drilling units under contract, utilization has risen to 79.7 percent. 

In the European and Mediterranean Sea market, the number of offshore rigs remains at 117, while the number of rigs with contracts has increased by one to 99. The resulting fleet utilization rate is 84.6 percent. In West Africa this week, the fleet count fell by two units, and the contracted rig count fell by three. With 47 out of 64 offshore rigs under contract, utilization has fallen to 73.4 percent. 

Within the Middle East market, the number of offshore rigs remains at 119 units this week. Meanwhile, the contracted rig count increased by one to 88, increasing the fleet utilization rate to 73.9 percent. In the Asia/Australia market, the fleet count remains at 140 units this week, while the number of mobile offshore drilling units with contracts rose by one to 106. The resulting regional fleet utilization rate is now 75.7 percent.



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