Press Esc to close



For full content view: Log in Now!

  • Drilling developments

    Robert E. Snyder, Editor

    The market for jackup rigs in the Gulf of Mexico continued its free fall in early October as utilization hit 56.7%, down 3.3% from the previous week, according to the Gulf of Mexico Newsletter. Presumably, this drilling slump is related to the drop in natural gas prices, as the shallow Gulf is gas prone, and an infrastructure exists to put new gas wells on quickly, once drilled and tested. In other words, smaller operators can pick and choose their times to invest in sales, farmouts, etc., to jump into, or out of, the market. A friend once told me that the standard reply from his management to U.S. Gulf gas drilling proposals was, "Do you have a contract?" Several contractors have begun to ready-stack jackups, besides those that have moved out of the GOM to "greener pastures."

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


Upcoming Events