Worldwide offshore rig count and utilization rate
As has been the case over the last few months, the offshore rig market continues its slow but steady improvement.
The offshore rig market continues its slow but steady improvement. The total number of jackups, semis, and drillships under contract made a smaller jump this month up to 442 rigs, which is an increase of two units from last month. However, a fairly significant change has happened with the total supply of mobile offshore drilling units, falling by 12 to a total of 771. As a result of these changes, rig utilization improved by roughly one point, pushing the rate from 56.2% in May to 57.3% in June. Meanwhile, the number of rigs working has climbed by seven units, pushing the total number to 405, which is the highest it has been in two years.
– Justin Smith, Petrodata by IHS Markit