Rig drilling rate

Offshore rigs utilization rate by region 2025| Statista

South America had the highest marketed utilization rate of offshore oil and gas rigs in the week of August 15, 2025. *** percent of the

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

Westwood Insight – Offshore drilling upcycle continues, but 2025

For 2025, Westwood is forecasting a lower marketed committed utilisation rate of 89%, with the semisub market to be the hardest hit of the three rig types. Westwood''s top

Gloomy offshore rig market pins hopes on 2026 rebound

The offshore drilling rig market is facing a challenging 2025 as dayrates continue to soften amid sluggish demand, but a potential 2026 recovery driven by tighter rig supply and

U.S. day rates extend slump, but most drillers foresee busier H1

The rig utilization rate ended December at 74.01%, the lowest of the year. "There is no wait time for just any rig, but a short wait time to engage a specific rig," an Ark-La-Tex

How Much Does a Drilling Rig Cost in 2025? (New,

The cost of buying a new drilling rig ranges from $3-4 million for basic land rigs to over $1 billion for advanced offshore rigs. Land rig rentals

Day Rate (Oil Drilling) Definition

Day rate refers to the all in daily costs of renting a drilling rig. The operator of a drilling project pays a day rate to the drilling contractor who

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 many other regions in the world, a

U.S. drilling rig day rates decline for fourth straight month | Enverus

Drilling rig day rates in the U.S. declined for the fourth consecutive month, although the pace of the decline slowed a bit, according to the monthly Enverus Day Rate Survey, as rig

Westwood Insight – Offshore drilling upcycle continues, but 2025

Westwood expects full-year 2024 marketed committed utilisation, which considers actively marketed rigs with charters underway or already booked with future start dates, to

Rig Dayrates Have Risen, So Where are the New rig Orders?

We believe as many as ten are being marketed for drilling programs while a few will likely be scrapped. Between the stranded newbuilds and cold stacked units, rig owners have access to

Report: ''Big 3 offshore drillers'' reporting increasing day rates

Day rates for both floaters and jackups are on the rise, Evercore said. The primary drivers of higher rig day rates are tight rig supply; drillers remaining disciplined about rig

Weekly Global Offshore Rig Counts

6 days ago· Weekly offshore rig count totals for jackup and floating drilling rigs across the key global regions, with data provided by RigLogix.

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.

OPINION | Offshore drilling upcycle continues, but

Offshore drilling sees strong 2024, but market corrections expected in 2025 due to declining demand and dayrates. Inflationary pressures to drive

Onshore rig global day rate data and insights

Updates to Global Land Drilling Rigs (GLDR) product provides day rate ranges for more than 8,000 land drilling rigs within the product over the

Drilling Rate

Drilling rate refers to the speed at which drilling occurs, significantly enhanced in gas drilling due to reduced bottom-hole differential pressure, which allows the energy from the drill bit to be

Onshore rig global day rate data and insights

Onshore rig global day rate data and insights Updates to Global Land Drilling Rigs (GLDR) product provides day rate ranges for more than

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

RigLogix Offshore Rig Data | Westwood Global

Operator profiles contain a range of detailed information including contract backlogs, leading edge dayrates, current and future rig timelines and

Prediction and analysis of penetration rate in drilling operation

The rate of penetration (ROP) optimization is one of the most important factors in improving drilling efficiency, especially in the downturn time of oil prices. This process is crucial

Petrodata Rigs

For companies working in or evaluating the ofshore drilling industry, Petrodata Rigs is a tool that delivers the most trusted data and market intelligence on the global ofshore drilling rig fleet,