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58 MN February 2011 Offshore Rig Day Rates Floating Rigs Rig Type Rigs Working Total Rig Fleet Average Day Rate Drillship < 4000' WD 6 rigs 8 rigs $241,200.00 Drillship 4000'+ WD 41 rigs 51 rigs $457,820.43 Semisub < 1500' WD 10 rigs 18 rigs $250,992.86 Semisub 1500'+ WD 65 rigs 86 rigs $311,078.68 Semisub 4000'+ WD 75 rigs 96 rigs $407,439.10 Jackup Rigs Rig Type Rigs Working Total Rig Fleet Average Day Rate Jackup IC < 250' WD 27 rigs 52 rigs $69,642.86 Jackup IC 250' WD 42 rigs 65 rigs $95,155.71 Jackup IC 300' WD 82 rigs 127 rigs $101,484.31 Jackup IC 300'+ WD 109 rigs 149 rigs $139,147.68 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 $36,000.00 Jackup MC 200'+ WD 10 rigs 28 rigs $45,750.00 Jackup MS < 200' WD 2 rigs 2 rigs — Jackup MS 200'+ WD 6 rigs 19 rigs $64,060.00 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 38 rigs 74 rigs $46,733.33 Platform Rig 142 rigs 250 rigs $44,803.85 Submersible 0 rigs 6 rigs — Tender 22 rigs 32 rigs $123,897.00 Source: Rigzone Offshore Rig Fleet by Region Region % No. Africa – West 81.8% (45/55) Asia – SouthEast 71.6% (68/95) Europe - North Sea 81.9% (59/72) Mediterranean 73.9% (17/23) MidEast - Persian Gulf 77.7% (73/94) N. America – Mexico 72.0% (18/25) N. America - US GOM 54.0% (47/87) S. America – Brazil 95.1% (58/61) Source: Rigzone Offshore Rig Utilization by Type Type % No. Drill Barge 80.0% (8/10) Drillship 80.7% (46/57) Jackup 71.6% (260/363) Semisub 82.6% (142/172) Tender 75.9% (22/29) Source: Rigzone Bunker Fuel Port IFO 380 IFO 180 MGO MDO Del. Date Corpus Christi 525.00 540.00 — 850.00 W 2011-01-24 Houston 507.00 548.00 825.00 — W 2010-11-17 Source: BunkerIndex.com - http://www.bunkerworld.com/markets/prices Port IFO380 IFO180 MGO MDO Barge Updated New York 512.50 541.00 — 862.50 $7.50 Jan 24 Houston 512.00 550.00 800.00 847.50 $7.00 Jan 24 Los Angeles 545.00 566.50 Pending 806.00 $5.80 Jan 24 Source: Bunkerworld.com - http://www.bunkerworld.com/markets/surcharges/tsa# TSA Surcharge West Coast Date $/MT ch/$ ch/% Jan 17 550.50 +19.00 +3.6 Jan 10 531.50 -10.00 -1.8 Jan 3 541.50 +5.50 +1.0 Dec 27 536.00 +6.50 +1.2 Dec 20 529.50 +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 East Coast Date $/MT ch/$ ch/% Jan 17 535.00 +11.00 +2.1 Jan 10 524.00 +4.00 +0.8 Jan 3 520.00 +6.50 +1.3 Dec 27 513.50 +1.00 +0.2 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 Source: Bunkerworld.com http://www.bunkerworld.com/markets/surcharges/tsa# Indicative World Steel Prices Indicative prices Change SBB HRC world price $/t 768.233 +80 SBB Rebar world price $/t 729.565 +62 SBB World Price Tracker 260.58 +20 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