Offshore Rig Utilization by Region

Current Competitive Offshore Rig Utilization by Region
Africa - West 57.0%  (53/93)
Asia - SouthEast 50.4%  (60/119)
Europe - North Sea 80.4%  (82/102)
Mediterranean 66.7%  (10/15)
MidEast - Persian Gulf 71.6%  (78/109)
N. America - Mexico 61.7%  (50/81)
N. America - US GOM 37.6%  (74/197)
S. America - Brazil 75.4%  (43/57)
updated 7/31/2015
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 0.0%  (0/3) 25.0%  (1/4) 60.0%  (3/5) 87.5%  (7/8)
Africa - West 57.0%  (53/93) 59.1%  (55/93) 60.6%  (57/94) 65.3%  (64/98)
Asia - Caspian 100.0%  (1/1) 100.0%  (1/1) 100.0%  (1/1) 100.0%  (1/1)
Asia - Far East 53.3%  (8/15) 69.2%  (9/13) 72.7%  (8/11) 80.0%  (8/10)
Asia - South 66.7%  (26/39) 69.2%  (27/39) 83.8%  (31/37) 82.9%  (34/41)
Asia - SouthEast 50.4%  (60/119) 54.6%  (65/119) 69.2%  (90/130) 68.5%  (85/124)
Australia 64.7%  (11/17) 75.0%  (12/16) 71.4%  (10/14) 86.7%  (13/15)
Black Sea 60.0%  (3/5) 60.0%  (3/5) 60.0%  (3/5) 75.0%  (3/4)
Europe - East 100.0%  (2/2) 100.0%  (2/2) 50.0%  (1/2) 66.7%  (2/3)
Europe - North Sea 80.4%  (82/102) 80.2%  (81/101) 88.9%  (88/99) 84.5%  (82/97)
Mediterranean 66.7%  (10/15) 64.7%  (11/17) 72.2%  (13/18) 76.5%  (13/17)
MidEast - Persian Gulf 71.6%  (78/109) 71.6%  (78/109) 75.7%  (78/103) 74.8%  (77/103)
MidEast - Red Sea 68.8%  (11/16) 68.8%  (11/16) 86.7%  (13/15) 93.8%  (15/16)
N. America - Canadian Atlantic 75.0%  (3/4) 75.0%  (3/4) 100.0%  (4/4) 100.0%  (3/3)
N. America - Mexico 61.7%  (50/81) 64.3%  (54/84) 75.6%  (65/86) 80.2%  (69/86)
N. America - US Alaska 75.0%  (3/4) 33.3%  (1/3) 50.0%  (1/2) 33.3%  (1/3)
N. America - US GOM 37.6%  (74/197) 37.9%  (74/195) 44.3%  (90/203) 56.6%  (111/196)
N. America - US Other 0.0%  (0/3) 25.0%  (1/4) 0.0%  (0/3) 0.0%  (0/3)
S. America - Brazil 75.4%  (43/57) 75.9%  (44/58) 93.2%  (55/59) 92.1%  (58/63)
S. America - Other & Carib. 42.9%  (9/21) 47.6%  (10/21) 37.5%  (6/16) 42.9%  (6/14)
S. America - Venezuela 66.7%  (2/3) 66.7%  (2/3) 100.0%  (3/3) 100.0%  (3/3)
Worldwide (No Region) 50.0%  (1/2) 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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