Offshore Rig Utilization by Region

Current Competitive Offshore Rig Utilization by Region
Africa - West 63.3%  (57/90)
Asia - SouthEast 57.3%  (71/124)
Europe - North Sea 82.0%  (82/100)
Mediterranean 59.1%  (13/22)
MidEast - Persian Gulf 74.3%  (78/105)
N. America - Mexico 67.0%  (59/88)
N. America - US GOM 38.0%  (76/200)
S. America - Brazil 93.2%  (55/59)
updated 5/1/2015
Historical Competitive Offshore Rig Utilization by Region
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 Month Ago 6 Months Ago 1 Year Ago
Africa - Other 50.0%  (3/6) 50.0%  (3/6) 71.4%  (5/7) 62.5%  (5/8)
Africa - West 63.3%  (57/90) 64.5%  (60/93) 62.4%  (63/101) 64.9%  (63/97)
Asia - Caspian 100.0%  (1/1) 100.0%  (1/1) 100.0%  (1/1) 100.0%  (1/1)
Asia - Far East 50.0%  (6/12) 54.5%  (6/11) 63.6%  (7/11) 57.1%  (4/7)
Asia - South 78.0%  (32/41) 80.5%  (33/41) 82.1%  (32/39) 90.7%  (39/43)
Asia - SouthEast 57.3%  (71/124) 61.6%  (77/125) 68.7%  (90/131) 71.5%  (88/123)
Australia 66.7%  (10/15) 66.7%  (10/15) 84.6%  (11/13) 86.7%  (13/15)
Black Sea 60.0%  (3/5) 60.0%  (3/5) 75.0%  (3/4) 66.7%  (2/3)
Europe - East 50.0%  (1/2) 50.0%  (1/2) 100.0%  (2/2) 100.0%  (1/1)
Europe - North Sea 82.0%  (82/100) 85.0%  (85/100) 91.8%  (90/98) 84.4%  (81/96)
Mediterranean 59.1%  (13/22) 63.2%  (12/19) 65.0%  (13/20) 68.4%  (13/19)
MidEast - Persian Gulf 74.3%  (78/105) 76.9%  (80/104) 79.0%  (83/105) 75.0%  (78/104)
MidEast - Red Sea 71.4%  (10/14) 73.3%  (11/15) 87.5%  (14/16) 81.3%  (13/16)
N. America - Canadian Atlantic 75.0%  (3/4) 75.0%  (3/4) 100.0%  (4/4) 100.0%  (2/2)
N. America - Mexico 67.0%  (59/88) 70.9%  (61/86) 79.1%  (68/86) 75.3%  (64/85)
N. America - US Alaska 66.7%  (2/3) 25.0%  (1/4) 33.3%  (1/3) 33.3%  (1/3)
N. America - US GOM 38.0%  (76/200) 39.2%  (78/199) 50.0%  (99/198) 54.3%  (107/197)
N. America - US Other 25.0%  (1/4) 0.0%  (0/3) 0.0%  (0/3) 0.0%  (0/3)
S. America - Brazil 93.2%  (55/59) 93.2%  (55/59) 93.3%  (56/60) 92.6%  (63/68)
S. America - Other & Carib. 47.6%  (10/21) 47.6%  (10/21) 50.0%  (7/14) 42.9%  (6/14)
S. America - Venezuela 66.7%  (2/3) 66.7%  (2/3) 100.0%  (3/3) 100.0%  (2/2)
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Historical Competitive Offshore Rig Utilization Highlight
The following graph provides rig utilization rates for the last 3 years based on the number days on contract for the competitive rigs in the region.
Upcoming Utilization Highlights
Jan: N. America - Gulf of Mexico May: Europe - North Sea Sept: MidEast - Red Sea
Feb: N. America - Mexico Jun: Mediterranean Oct: Asia - South
Mar: S. America - Venezuela Jul: Africa - West Nov: Asia - SouthEast
Apr: S. America - Brazil Aug: MidEast - Persian Gulf Dec: Australia

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