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Gulf of Mexico Rig Utilization

Mobile rig utilization in the Gulf of Mexico dipped slightly as a number of changes took place.  Total fleet utilization stands at 53.3% with 64 of 120 mobile rigs under contract or committed for work.  Marketed utilization, which excludes those cold stacked and other non-marketed rigs, fell by one point to 79%, with 64 of 81 rigs under contract.


Jackup fleet utilization fell to 42.7% with 35 of 82 units under contract.  Marketed utilization dropped to 71.4% with 35 of 49 units contracted.  One rig was added to the fleet as newbuild Rowan EXL-II was delivered.  The rig will remain here for another month before leaving for a multi-year contract off Trinidad.  Meanwhile, Diamond Offshore’s Ocean Spartan was released from its contract and hot stacked.


Floating rig fleet utilization was unchanged this week.  Currently, 28 of 32 rigs are under contract for utilization of 87.5%.  Marketed utilization also remains the same at 90.3% with 28 of 31 units under contract.  One rig, drillship Aban Abraham, received a contract (for work outside the Gulf later this year), while semi Transocean Marianas departed the area for West Africa.  Finally, Diamond Offshore semi Ocean New Era was moved to the US Gulf from Mexico and was cold stacked.

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