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www.marinelink.com 55 The day rates are the current day rates for each rig type drawn from the RigLogix database. These numbers, which include both competitive and non-competitive rigs, are updated on a daily basis. Floating Rigs Rig Type Rigs Working Total Rig Fleet Average Day Rate Drillship < 4000’ WD 8 rigs 8 rigs $260,000 Drillship 4000’+ WD 80 rigs 100 rigs $512,000 Semisub < 1500’ WD 11 rigs 15 rigs $294,000 Semisub 1500’+ WD 60 rigs 88 rigs $339,000 Semisub 4000’+ WD 89 rigs 118 rigs $431,000 Jackup Rigs Rig Type Rigs Working Total Rig Fleet Average Day Rate Jackup IC < 250’ WD 38 rigs 54 rigs $105,000 Jackup IC 250’ WD 46 rigs 61 rigs $96,000 Jackup IC 300’ WD 100 rigs 140 rigs $109,000 Jackup IC 300’+ WD 169 rigs 208 rigs $171,000 Jackup IS < 250’ WD 6 rigs 9 rigs -- Jackup IS 250’ WD 6 rigs 9 rigs $75,000 Jackup IS 300’ WD 2 rigs 5 rigs $60,000 Jackup IS 300’+ WD 0 rigs 2 rigs -- Jackup MC < 200’ WD 2 rigs 10 rigs $82,000 Jackup MC 200’+ WD 11 rigs 22 rigs $108,000 Jackup MS < 200’ WD 2 rigs 3 rigs -- Jackup MS 200’+ WD 7 rigs 10 rigs $76,000 Other Offshore Rigs Rig Type Rigs Working Total Rig Fleet Average Day Rate Drill Barge < 150’ WD 19 rigs 40 rigs -- Drill Barge 150’+ WD 6 rigs 8 rigs $66,000 Inland Barge 12 rigs 70 rigs $76,000 Platform Rig 135 rigs 249 rigs $55,000 Submersible 0 rigs 2 rigs -- Tender 22 rigs 39 rigs $162,000 (Source: RigZone.com) Offshore Rig Dayrates Below is the breakdown of rig utilization by region of the world for each time period indicated. Utilization numbers are based on a snapshot rig count. Only competitive rigs are included. Region Current 6 Months Ago 1 Year Ago Africa - Other 66.7% (6/9) 50% (4/8) 100% (6/6) Africa - West 73.8% (59/80) 88.2% (60/68) 81.8% (54/66) Asia - Caspian 33.3% (1/3) 50% (1/2) 50% (1/2) Asia - Far East 69.4% (25/36) 79.3% (23/29) 82.8% (24/29) Asia - South 86.5% (32/37) 94.1% (32/34) 100% (33/33) Asia - SouthEast 73.8% (79/107) 76.8% (86/112) 78.7% (85/108) Australia 92.3% (12/13) 100% (13/13) 100% (12/12) Black Sea 66.7% (4/6) 50% (2/4) 75% (3/4) Europe - East 100% (1/1) 100% (1/1) 100% (1/1) Europe - North Sea 86.3% (82/95) 89% (81/91) 89.9% (80/89) Mediterranean 66.7% (10/15) 77.8% (14/18) 70.6% (12/17) MidEast - Persian Gulf 77.6% (90/116) 83.9% (94/112) 84.8% (89/105) MidEast - Red Sea 64.7% (11/17) 81.3% (13/16) 80% (12/15) N. America - Canadian Arctic 100% (1/1) 0.0% (/0) 0.0% (/0) N. America - Canadian Atlantic 100% (2/2) 75% (3/4) 100% (3/3) N. America - Canadian Pacifi c 0.0% (0/1) 0.0% (0/1) 0.0% (0/1) N. America - Mexico 83.9% (52/62) 80.4% (45/56) 81.6% (40/49) N. America - US Alaska 100% (2/2) 100% (2/2) 100% (2/2) N. America - US GOM 78.7% (70/89) 82.5% (66/80) 88.6% (70/79) S. America - Brazil 92.1% (58/63) 98.5% (66/67) 98.6% (72/73) S. America - Other & Carib. 70% (7/10) 71.4% (5/7) 66.7% (6/9) S. America - Venezuela 88.9% (8/9) 72.7% (8/11) 80% (8/10) Worldwide (No Region) 20.0% (1/5) 0.0% (/0) 0.0% (/0) (Source: RigZone.com) Offshore Rig Utilization by Region MR #6 (50-57).indd 55 6/11/2014 2:45:58 PM
