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Gulf of Mexico Rig Utilization


Mobile rig utilization in the Gulf of Mexico slipped slightly last week. Total fleet utilization stands at 48.7% with 58 of 119 mobile rigs under contract or committed for work. Marketed utilization, which excludes cold stacked and other non-marketed rigs, is now 74.4%, with 58 of 119 rigs under contract.

 

Several changes occurred to the jackup fleet last week. Diamond Offshore Drilling Inc. cold stacked the Ocean Spartan. Also, Rowan Companies, Inc.’s newbuild jackup Rowan EXL II departed the region for a contract off Trinidad. Finally, the Rowan Louisiana was removed from under contract as its delay in   beginning work with McMoRan Exploration Co. drags on due to permitting issues. As a result, total utilization is now at 37% with 30 of 81 rigs under contract or committed for work. Marketed utilization is now 65.2% with 30 of 46 units contracted.

 

Floating rig fleet utilization is unchanged this week. Overall, 28 of 32 rigs are under contract for utilization of 87.5%. Marketed utilization held steady at 90.3% with 28 of 31 units under contract.

 

Platform rig fleet utilization is unchanged 29.4% with 15 of 51 units under contract, while marketed utilization stands at 42.9% with 15 of 35 rigs contracted.

 

Inland barge utilization improved again this week, however. Total utilization stands at 53.4% with 31 of 58 units under contract, while marketed utilization is 75.6% with 31 of 41 units under contract.


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