ODS-Petrodata

The Rig Count
Up-To-Date Information You
Need To Know

 

Accurate, global coverage
The ODS-Petrodata Weekly Rig Count is derived from data compiled on a daily basis by our global team of rig market analysts and reporters. The Weekly Rig Count is posted on the last business day of each week. This is the most accurate offshore rig count data available.

A full breakdown of the offshore drilling fleet by rig market and rig type, including current, historical and forecast data, is available from ODS-Petrodata Consulting & Research.

Click here for more information.

Weekly Rig Count

February 5, 2010

Slight decline seen in offshore rig counts

Offshore rig counts changed very little in major rig markets this week, according to ODS-Petrodata's Weekly Mobile Offshore Rig Count.

Worldwide, 579 of 752 mobile offshore drilling units are under contract this week, a net one-rig decline from last week. In addition, a new jackup drilling unit joined the fleet this week, and it is not currently contracted. The resulting net change caused worldwide offshore rig fleet utilization to fall slightly to 77.2 percent.

In the U.S. Gulf of Mexico, 70 of 118 mobile offshore drilling units are under contract and fleet utilization is 59.3 percent.

The South America offshore rig count is unchanged from last week. With 88 of the region's 115 mobile offshore drilling rigs remaining under contract, the region's offshore rig fleet utilization rate is 76.5 percent.

The number of rigs under contract in European waters fell by two this week and now stands at 90. The 104-rig European offshore drilling fleet's utilization rate is now 86.5 percent.

In West Africa, fleet utilization fell to 73.0 percent this week, the lowest level since October 2009. Of the 63 rigs in the region, 46 are under contract.

In the Middle East, a one-rig increase in the number of offshore rigs under contract bumped fleet utilization to 76.3 percent. This week, 90 of the area's 118 mobile offshore drilling units are under contract.

The Asia/Australia offshore rig count fell by one rig to 100 this week. Utilization of the region's 124-rig offshore drilling fleet now stands at 80.6 percent.

For additional information, contact: Tom Marsh, at 832-463-3000, .
U.S. Gulf of Mexico
  Today Last Week Month Ago Year Ago
Total Rigs in Drilling Fleet 118 117 118 119
Rigs Under Contract 70 70 65 82
Rigs Without Contract 48 47 53 37
Fleet Utilization Rate 59.3% 59.8% 55.1% 68.9%
South America
  Today Last Week Month Ago Year Ago
Total Rigs in Drilling Fleet 115 115 115 103
Rigs Under Contract 88 88 89 79
Rigs Without Contract 27 27 26 24
Fleet Utilization Rate 76.5% 76.5% 77.4% 76.7%
Europe/Mediterranean Sea
  Today Last Week Month Ago Year Ago
Total Rigs in Drilling Fleet 104 104 104 103
Rigs Under Contract 90 92 89 102
Rigs Without Contract 14 12 15 1
Fleet Utilization Rate 86.5% 88.5% 85.6% 99.0%
West Africa
  Today Last Week Month Ago Year Ago
Total Rigs in Drilling Fleet 63 63 60 60
Rigs Under Contract 46 47 45 53
Rigs Without Contract 17 16 15 7
Fleet Utilization Rate 73.0% 74.6% 75.0% 88.3%
Middle East
  Today Last Week Month Ago Year Ago
Total Rigs in Drilling Fleet 118 118 121 103
Rigs Under Contract 90 89 89 93
Rigs Without Contract 28 29 32 10
Fleet Utilization Rate 76.3% 75.4% 73.6% 90.3%
Asia/Australia (excludes India)
  Today Last Week Month Ago Year Ago
Total Rigs in Drilling Fleet 124 125 122 114
Rigs Under Contract 100 101 99 108
Rigs Without Contract 24 24 23 6
Fleet Utilization Rate 80.6% 80.8% 81.1% 94.7%
Worldwide
  Today Last Week Month Ago Year Ago
Total Rigs in Drilling Fleet 752 751 748 712
Rigs Under Contract 579 580 568 615
Rigs Without Contract 173 171 180 97
Fleet Utilization Rate 77.9% 77.2% 75.9% 86.4%
Note: The rig count tables above include all MODU types except tenders. "Rigs Under Contract" does not reflect the number of rigs actually working at any given time, as some contracted rigs may be moving between locations, undergoing maintenance, waiting on weather, etc.
Offshore Platform Rigs
In addition to mobile drilling units, 296 platform rigs are deployed worldwide.
Area Platform Rig
Fleet Total
Contracted/Working Contracted Fleet
Utilization Rate
U.S. Gulf of Mexico 54 23/12 42.6%
Europe/Mediterranean* 107 104/25 97.2%
Worldwide* 298 239/128 80.2%
*As of December 31, 2009 (updated quarterly).
For additional information or to attribute quotes on text above:
Tom Marsh, ODS-Petrodata, tmarsh@ods-petrodata.com.

© 2010 ODS-Petrodata, Inc.
3200 Wilcrest Dr., Suite 170
Houston, Texas 77042 USA

editors@ods-petrodata.com
Telephone: 832-463-3000
Fax: 832-463-3100