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58 MN March 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 37 rigs 52 rigs $450,068.71 Semisub < 1500' WD 10 rigs 18 rigs $250,992.86 Semisub 1500'+ WD 63 rigs 86 rigs $304,172.55 Semisub 4000'+ WD 73 rigs 95 rigs $401,865.38 Jackup Rigs Rig Type Rigs Working Total Rig Fleet Average Day Rate Jackup IC < 250' WD 29 rigs 54 rigs $70,500.00 Jackup IC 250' WD 42 rigs 65 rigs $94,121.43 Jackup IC 300' WD 82 rigs 126 rigs $99,303.64 Jackup IC 300'+ WD 111 rigs 149 rigs $136,484.20 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 1 rigs 3 rigs $55,000.00 Jackup MC < 200' WD 1 rigs 16 rigs $36,000.00 Jackup MC 200'+ WD 12 rigs 28 rigs $44,208.33 Jackup MS < 200' WD 2 rigs 2 rigs — Jackup MS 200'+ WD 6 rigs 19 rigs $64,360.00 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 35 rigs 74 rigs $49,075.00 Platform Rig 143 rigs 250 rigs $44,034.62 Submersible 0 rigs 6 rigs — Tender 21 rigs 32 rigs $123,897.00 Source: Rigzone Offshore Rig Fleet by Region Region % No. Africa – West 80.0% (44/55) Asia – SouthEast 69.4% (68/98) Europe - North Sea 81.1% ( 60/74) Mediterranean 69.6% (16/23) MidEast - Persian Gulf 77.4% (72/93) N. America – Mexico 68.0% (17/25) N. America - US GOM 63.1% (53/84) S. America – Brazil 87.5% (56/64) Source: Rigzone Offshore Rig Utilization by Type Type % No. Drill Barge 80.0% (8/10) Drillship 70.7% (41/58) Jackup 73.1% (266/364) Semisub 80.2% (138/172) Tender 72.4% (21/29) Source: Rigzone Bunker Fuel Port IFO 380 IFO 180 MGO Del. Date Houston 632.00 662.00 955.00 W 2011-02-25 Source: BunkerIndex.com - http://www.bunkerworld.com/markets/prices Port IFO380 IFO180 MGO MDO Barge Updated New York 635.50 647.50 950.00 982.50 $7.50 Feb 25 Houston 633.00 669.00 935.00 941.50 $7.00 Feb 25 Los Angeles 638.50 658.50 Pending 862.50 $5.80 Feb 25 Source: Bunkerworld.com - http://www.bunkerworld.com/markets/surcharges/tsa# TSA Surcharge West Coast Date $/MT ch/$ ch/% Feb 21 608.50 +4.50 +0.7 Feb 14 604.00 +2.00 +0.3 Feb 7 602.00 +40.50 +7.2 Jan 31 561.50 +10.50 +1.9 Jan 24 551.00 +0.50 +0.1 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 East Coast Date $/MT ch/$ ch/% Feb 21 603.00 +4.00 +0.7 Feb 14 599.00 +21.00 +3.6 Feb 7 578.00 +28.00 +5.1 Jan 31 550.00 +15.50 +2.9 Jan 24 534.50 -0.5 -0.1 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 Source: Bunkerworld.com http://www.bunkerworld.com/markets/surcharges/tsa# Indicative World Steel Prices Indicative prices Change SBB HRC world price $/t 816.581 +44 SBB Rebar world price $/t 761.033 +20 SBB World Price Tracker 282.523 +18 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
