Offshore Rig Utilization by Region

Current Competitive Offshore Rig Utilization by Region
Africa - West 64.1%  (59/92)
Asia - SouthEast 54.8%  (68/124)
Europe - North Sea 83.0%  (83/100)
Mediterranean 55.0%  (11/20)
MidEast - Persian Gulf 71.0%  (76/107)
N. America - Mexico 67.4%  (60/89)
N. America - US GOM 35.2%  (69/196)
S. America - Brazil 89.8%  (53/59)
updated 5/21/2015
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 25.0%  (1/4) 50.0%  (3/6) 57.1%  (4/7) 55.6%  (5/9)
Africa - West 64.1%  (59/92) 63.7%  (58/91) 63.1%  (65/103) 63.3%  (62/98)
Asia - Caspian 100.0%  (1/1) 100.0%  (1/1) 100.0%  (1/1) 100.0%  (1/1)
Asia - Far East 38.5%  (5/13) 46.2%  (6/13) 66.7%  (6/9) 62.5%  (5/8)
Asia - South 71.8%  (28/39) 80.0%  (32/40) 82.1%  (32/39) 87.8%  (36/41)
Asia - SouthEast 54.8%  (68/124) 61.0%  (75/123) 66.4%  (89/134) 71.8%  (89/124)
Australia 73.3%  (11/15) 73.3%  (11/15) 84.6%  (11/13) 80.0%  (12/15)
Black Sea 60.0%  (3/5) 60.0%  (3/5) 75.0%  (3/4) 50.0%  (2/4)
Europe - East 50.0%  (1/2) 50.0%  (1/2) 100.0%  (2/2) 100.0%  (1/1)
Europe - North Sea 83.0%  (83/100) 82.0%  (82/100) 92.9%  (92/99) 86.5%  (83/96)
Mediterranean 55.0%  (11/20) 57.1%  (12/21) 65.0%  (13/20) 66.7%  (12/18)
MidEast - Persian Gulf 71.0%  (76/107) 75.2%  (79/105) 76.9%  (80/104) 74.3%  (78/105)
MidEast - Red Sea 71.4%  (10/14) 71.4%  (10/14) 80.0%  (12/15) 87.5%  (14/16)
N. America - Canadian Atlantic 60.0%  (3/5) 75.0%  (3/4) 100.0%  (4/4) 100.0%  (2/2)
N. America - Mexico 67.4%  (60/89) 69.3%  (61/88) 80.2%  (69/86) 76.5%  (65/85)
N. America - US Alaska 50.0%  (1/2) 50.0%  (1/2) 50.0%  (1/2) 33.3%  (1/3)
N. America - US GOM 35.2%  (69/196) 39.7%  (79/199) 51.3%  (102/199) 57.7%  (113/196)
N. America - US Other 40.0%  (2/5) 20.0%  (1/5) 0.0%  (0/3) 0.0%  (0/3)
Other 0.0%  (0/1) 0.0% (/0) 0.0% (/0) 0.0% (/0)
S. America - Brazil 89.8%  (53/59) 93.2%  (55/59) 95.0%  (57/60) 91.0%  (61/67)
S. America - Other & Carib. 60.0%  (12/20) 52.4%  (11/21) 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)
Worldwide (No Region) 25.0%  (1/4) 0.0% (/0) 0.0% (/0) 0.0% (/0)
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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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