Press Esc to close



For full content view: Log in Now!

  • Newbuild Report: Rig building continues in onshore and offshore markets

    Victor Schmidt

    The newbuild cycle continues to bring new rigs into both the marine and land markets, but lately the land market has felt the first brush of overbuilding. The ReedHycalog Rig Census (see World Oil, October 2007) tabulated the expansion across the offshore mobile rig market and the international land market, including the US and Canada where resource plays in shale gas and coalbed methane have led to very active drilling over the past few years. Rig use is softening, but the number of rigs on order remains strong. The census shows that the US rig fleet expanded to 2,817 rigs, the highest it has been since the late 1980s. Baker Hughes, Inc. released its most recent count, showing 3,124 rigs operating across the globe. This is down six rigs from October 2006-essentially flat. In their international market tally, BHI counted 1,024 rigs, a 59-rig increase from last year.

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