Drilling day rates up in N. Sea

May 14, 2002
Offshore drilling rig day rates strengthened for the North Sea jackup market, but remain unchanged from last month in other offshore rig markets. High-fleet utilization jackups in the North Sea non-harsh environment increased.

Offshore drilling rig day rates strengthened for the North Sea jackup market, but remain unchanged from last month in other offshore rig markets. High-fleet utilization jackups in the North Sea non-harsh environment increased.
This month, ODS-Petrodata's North Sea jackup day rate index stands at 312. In contrast, the U.S. Gulf of Mexico jackup fleet utilization continues to hover around 90%, and this segment's day rate index remains at 87, unchanged from last month.
The deepwater rig market remains unchanged from last month, with utilization just above 90%. This segment's day rate index is steady at 205.
The mid water-depth semisubmersible market remains unsettled, with utilization continuing to decline, and day rates below the most recent peak achieved in the second half of last year. This segment's day rate index is unchanged at 172.