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58 MN January 2011 Offshore Rig Day Rates Floating Rigs Rig Type Rigs Working Total Rig Fleet Average Day Rate Drillship < 4000' WD 5 rigs 8 rigs $242,200.00 Drillship 4000'+ WD 38 rigs 50 rigs $431,324.13 Semisub < 1500' WD 10 rigs 18 rigs $274,368.75 Semisub 1500'+ WD 65 rigs 86 rigs $315,176.35 Semisub 4000'+ WD 75 rigs 91 rigs $405,990.26 Jackup Rigs Rig Type Rigs Working Total Rig Fleet Average Day Rate Jackup IC < 250' WD 30 rigs 52 rigs $79,062.50 Jackup IC 250' WD 42 rigs 65 rigs $96,212.86 Jackup IC 300' WD 86 rigs 125 rigs $101,400.00 Jackup IC 300'+ WD 111 rigs 147 rigs $139,807.18 Jackup IS < 250' WD 5 rigs 7 rigs — Jackup IS 250' WD 8 rigs 10 rigs $137,000.00 Jackup IS 300' WD 2 rigs 5 rigs $60,300.00 Jackup IS 300'+ WD 0 rigs 3 rigs — Jackup MC < 200' WD 2 rigs 16 rigs $33,000.00 Jackup MC 200'+ WD 13 rigs 28 rigs $49,000.00 Jackup MS < 200' WD 2 rigs 2 rigs — Jackup MS 200'+ WD 6 rigs 19 rigs $69,250.00 Other Offshore Rigs Rig Type Rigs Working Total Rig Fleet Average Day Rate Drill Barge < 150' WD 18 rigs 39 rigs — Drill Barge 150'+ WD 6 rigs 9 rigs — Inland Barge 36 rigs 74 rigs $51,585.71 Platform Rig 142 rigs 250 rigs $44,996.43 Submersible 0 rigs 6 rigs — Tender 22 rigs 32 rigs $123,897.00 Source: Rigzone Offshore Rig Fleet by Region Region % No. Africa – West 84.9% (45/53) Asia – SouthEast 72.5% (66/91) Europe - North Sea 86.1% (62/72) Mediterranean 77.3% (17/22) MidEast - Persian Gulf 75.5% (71/94) N. America – Mexico 75.0% (24/32) N. America - US GOM 67.9% (53/78) S. America – Brazil 91.8% ( 56/61) Source: Rigzone Offshore Rig Utilization by Type Type % No. Drill Barge 80.0% (8/10) Drillship 71.4% (40/56) Jackup 75.7% (274/362) Semisub 86.3% (145/168) Tender 75.9% (22/29) Source: Rigzone Bunker Fuel Port IFO 380 IFO 180 MDO Del. Date Corpus Christi 525.00 545.00 815.00 D 2010-12-21 Houston 498.00 518.00 — W 2010-12-21 Source: BunkerIndex.com - http://www.bunkerworld.com/markets/prices Port IFO380 IFO180 MGO MDO Barge Updated New York 503.00 536.00 — 812.50 $7.50 Dec 21 Houston 496.50 515.50 — 792.50 $7.00 Dec 21 Los Angeles 538.50 564.50 815.00 782.50 $5.80 Dec 21 Source: Bunkerworld.com - http://www.bunkerworld.com/markets/surcharges/tsa# TSA Surcharge West Coast Date $/MT ch/$ ch/% Dec 20 52950 +8.50 +1.6 Dec 13 521.00 -2.00 -0.4 Dec 6 523.00 +21.00 +4.2 Nov 29 502.00 +8.50 +1.7 Nov 22 493.50 +4.50 +0.9 Nov 15 489.00 -11.50 -2.3 Nov 8 500.50 +23.00 +4.8 Nov 1 477.50 +1.00 +0.2 Oct 25 476.50 +10.00 +2.1 Oct 18 466.50 -8.50 -1.8 Oct 11 475.00 +6.00 +1.3 Oct 4 469.00 +20.00 +4.5 East Coast Date $/MT ch/$ ch/% Dec 20 512.50 +5.00 +1.0 Dec 13 507.50 -6.50 -1.3 Dec 6 514.00 +19.00 +3.8 Nov 29 495.00 +14.00 +2.9 Nov 22 481.00 -16.00 -3.2 Nov 15 497.00 -2.00 -0.4 Nov 8 499.00 +21.00 +4.4 Nov 1 478.00 +1.00 +0.2 Oct 25 477.00 +5.50 +1.2 Oct 18 471.50 -11.00 -2.3 Oct 11 482.50 +8.50 +1.8 Oct 4 474.00 +19.00 +4.2 Source: Bunkerworld.com http://www.bunkerworld.com/markets/surcharges/tsa# Indicative World Steel Prices Indicative prices Change SBB HRC world price $/t 680.691 +19 SBB Rebar world price $/t 659.665 +26 SBB World Price Tracker 237.696 +7 Source: Steel Business Briefing http://www.steelbb.com/steelprices/ Source: Charts courtesy of Waterborne Commerce Statistics Center, New Orleans, La. (http://www.iwr.usace.army.mil/ndc/wcsc/wcsc.htm) BY THE NUMBERS