Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
The US Gulf of Mexico (US-GOM) rig market remains the world’s largest in terms of number of rigs. However, the US-GOM jackup market remains the weakest link in the global rig market chain, although rig demand in the deepwater Gulf, and in most of the world’s other rig markets, remains robust.
US Gulf fleet decline continues
As illustrated in Fig. 1, US-GOM offshore rig supply and demand have continued on a downward trend for most of the past year. The Gulf rig market, particularly the jackup market, has never fully recovered from the drop in activity that occurred after the devastating hurricanes of 2005. However, due to strong international demand for drilling rigs, this has not resulted in significant numbers of idle rigs.
As of mid-June 2007, 133 mobile offshore rigs are positioned in the US Gulf. Of these, 111 have contracts, although not all of the contracted rigs are working at any given time.
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
Aberdeen - December 2-3
Calgary - December 8-8
Mangaf - December 8-10
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.