Pacific drilling rig utilization

Pacific Drilling

Our fleet of deepwater drillships represents one of the youngest and most technologically advanced fleets in the industry — manned by seasoned crews committed to delivering the

International onshore rig demand to see slow

Not only is the Asia Pacific region forecasted to have the highest land rig demand from 2022-2025, but it will also have the highest rig utilization

Day rates in Asia-Pacific on the up | S&P Global

Day rates continue to climb in APAC while demand in the region increases and supply tightens. Although this trend presently holds true for

Rig Utilization Rate: What It Is, How It Works, Example

The rig utilization rate describes the number of oil drilling rigs being used by a company as a percentage of a company''s total fleet.

Latest rig report sees ''some softness'' in jackup day rates

Bruce Beaubouef, Managing Editor Evercore ISI''s latest Offshore Oracle report indicates that there is "some softness" in jackup dayrates in the

The Future of Offshore Oil Rigs: 2025 and beyond

This blog looks at the future of offshore oil rigs and highlights some of the competing forces acting within the market. It also identifies the

Lifetime Revenue vs. Construction Cost—a Metric for Assessing

So far, Noble Drilling, Diamond Offshore, Valaris, and most recently Pacific Drilling have filed for Chapter 11 bankruptcy protection, and other rig owners are likely to join that list

Pacific Drilling: Earnings Remain Weak

Pacific Drilling''s earnings report was quite weak even when compared to the fourth quarter 2016. The company continues to struggle to obtain contracts for its rigs resulting in low

Rig Retirements Set To Rise As Utilization Falls To

The offshore rig market recovery appears to have taken a pause, with demand tapering off and marketed utilization hitting the lowest

Westwood Insight – Asia Pacific offshore rig supply shrinking and

Since Westwood''s last Asia Pacific (APAC) offshore drilling rig insight, the market – as predicted – has reached utilisation levels not seen since the oil price crash of 2014 and

Offshore drillers see tightening rig market, increasing day rates

Signs of an improving global offshore drilling market appear to be flourishing, with longer contract durations not seen in years, rising day rates and upstream customers asking to secure rigs

Asia Pacific Offshore Report

Westwood Global Energy Group''s Asia Pacific Offshore Report provides a comprehensive overview of the Asia Pacific (APAC) offshore drilling market every month.

The Future of Long-Idle Drillships: Cold-Stacked or

With demand softening and utilization expected to decline, what does this mean for the viability of long-term cold-stacked rigs? The current

Digital Innovation – Outstanding Performance through Ai-Driven

The remarkable success of the implemented drilling workflows is underscored by an exceptional utilization rate, with 96% of the distance drilled being accomplished through

Westwood Insight – Asia Pacific offshore rig supply

Since Westwood''s last Asia Pacific (APAC) offshore drilling rig insight, the market – as predicted – has reached utilisation levels not seen

Day rates in Asia-Pacific on the up | S&P Global

Only a handful of rigs could be available in the first half of 2024 and those rolling off contract are expected to be snapped up should they be

Report: Rig dayrates on the rise in Southeast Asia | Offshore

In its recent Offshore Rig Market Snapshot report, Evercore highlighted the "robust" fundamentals of the Middle Eastern rug market, and its ability to attract jackups globally.

Drillship Utilization Surpasses Pre-Pandemic Levels, But

It goes without saying that the past year has been unprecedented for not just the offshore rig market, but the oil and gas industry as a whole. The Covid-19 pandemic has

Petrodata Weekly Rig Count | S&P Global

Updated each Friday, the Weekly Rig Count provides accurate offshore drilling rig data by major region and globally. Our team of global analysts compiles oil rig

Dq and cla for case studies "pacific drilling: the preferred offshore

Further com- pounding the problems was the oversupply of rigs, due to drillers having overbuilt during the boom times. As of March 2015, there was no near-term recovery in sight for oil

Pacific Drilling News

The offshore rig market recovery appears to have taken a pause, with demand tapering off and marketed utilization hitting the lowest levels recorded since recovery began in

Offshore rigs utilization rate by region 2025| Statista

Utilization rate is calculated by dividing the number of rigs contracted with the total marketed rig fleet, which includes stacked rigs and

Pacific Drilling

Currently, Pacific Drilling has 7 modern drillships: Pacific Meltem, Pacific Sharav, Pacific Khamsin, Pacific Santa Ana, Pacific Scirocco, Pacific Mistral and Pacific Bora.