Press Esc to close



For full content view: Log in Now!

  • North American offshore rig market stable at a lower rate

    T. Marsh

    Since the arrival of the new century, the offshore rig market has become ever more global in nature. The decline of the US Gulf rig market and the rise of others have resulted in a significant shifting of assets as rig owners seek to capitalize on strong rig demand in international markets. For example, while the contracted rig count in the US GOM has declined to 102 rigs in June 2008 from 148 rigs in January 2000, the contracted rig count in Mexico has risen to 38 (down from a peak of 43 in March of 2004) from six rigs; in the Middle East, the count has risen to 96 from 46 rigs and in Southeast Asia to 59 from 23 rigs, Table 1. As the table indicates, the US Gulf is barely hanging on to its distinction as the world’s largest offshore rig market. That crown may be handed to the Middle East in the near future.

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.

Free Trial

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:

  • The Archives section containing over ten years of complete magazine archives,
  • The WO DataHub's engineering tables and directories,
  • The World Oil annual forecasts, including past predictions,
  • Select World Oil technical handbooks,
  • And much, much more!


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



Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.


2013 Fracturing Technology

2013 Fracturing Technology