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Wholesale jack up drilling rig day rates

Global Offshore Drilling Rig Dayrate Forecast

It comes complete with a comprehensive dayrate forecast table, categorised by the eight main rig categories for jackups, semisubmersibles

Offshore Drilling Rates Approaching $500,000 Per

The global offshore drilling market is continuing to experience a significant rebound with rig utilization now returning pre-pandemic levels,

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

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

According to jack-up owners, an acceptable 15% ROI for a newbuild with 90-95% utilization would require a dayrate of $200,000-$230,000 over the useful life (~25 years) of the rig.

Jack-Up Rig Market Navigating the New Future-Proofing Your

Emerging trends such as the development of hybrid jack-up rigs, the integration of digital technologies for remote monitoring and automation, and the expansion of jack-up rig

Offshore rig operators'' profits to rise 30-35% in FY26

The study, covering domestic jack-up rig operators accounting for around 50% of domestic supply, stated that sustained demand and muted

Day Rate in Oil Drilling: Definition, Calculation, and Market Trends

The day rate in oil drilling refers to the total daily cost of renting a drilling rig, including personnel and incidentals.

Petrodata Weekly Rig Count | S&P Global

The information provided and much more data on the offshore rig fleet can be sourced via the S&P Global proprietary offshore rigs information products,

Clarksons Research: Offshore oil and gas vessel

In turn, rig rates continued to strengthen; ''leading edge'' floater rates surpassed the $500,000/day mark in Q4, while high-spec jack-up

Horizontal Directional Drilling (HDD)

Production rates vary based on ground conditions, pipe diameter, and drilling length. Modern guidance systems and drilling technologies have improved

Operators consider novel rig deals to limit day rates

Offshore staff LONDON — Offshore rig rates hit a nine-year high last year, according to a report from Westwood Global Energy Group

Westwood Insight – Offshore drilling upcycle continues, but 2025

3. Leading-edge dayrates will decline 2024 brought some additional clean (that is, excluding additional items such as MPD or integrated services) floating rig rates above

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

Land rig rentals cost $15,000-$100,000 per day, while offshore rigs are more expensive: daily rates average $120,000 for jackups, $365,000 for

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

The highest day rates for APAC are currently registered at $151,000 in SEA and $180,000 in Australia. Jackup day rates are expected to

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

U.S. drilling day rates took a tumble in 2024, finishing the year lower than they began for the first time since the COVID-19 pandemic. The Enverus Day Rate Survey''s U.S.

OPINION | Offshore drilling upcycle continues, but

Meanwhile, the demand weakness we are seeing for jackups and drillships is showing up closer to the end of the year; therefore, both will record

Rising day rates, utilisation drive rosier outlook for OSVs

Shipbroker Lorentzen & Co reported jack-up drilling rig utilisation is up 8% year-on-year to 86%, and floater utilisation up 11% hitting 84%. This

Borr Drilling: Leading The Jack-Up Offshore Drilling

Read here for an analysis of Borr Drilling''s position in the jack-up market and its financial outlook with a focus on supply conditions and potential

Latest day rates send ''strong'' signal of tightness

Tightness in the rig market is now extending beyond drillships and harsh environment semi-submersibles, according to an analyst that follows the

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

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

Rig Utilization, Project Sanctioning On The Rise

3 days ago· With rig utilization reaching 85-90% in many parts of the world, day rates for active offshore rigs are likely to increase at least 15 percent by 2021.

Offshore vessel day rates slip as market softens

Offshore drilling equipment fared no better in H1 2025. High-spec jack-up day rates were down 13%, averaging US$116,530, while ultra-deepwater floater day rates were down

Jack-Up Rig Market Report 2025, Growth and

What Is Covered Under Jack-Up Rig Market? Jack-up rig refers to an elevated platform with a floating hull and extendable legs that can be lowered to the

Day Rate in Oil Drilling: Definition, Calculation, and

The day rate in oil drilling refers to the total daily cost of renting a drilling rig, including personnel and incidentals. It''s calculated by dividing the total

Jack Up Rig Market Expected to Hit 6.91 (USD Billion) by 2032

The Jack-Up Rig Market CAGR (growth rate) is expected to be around 5.73% during the forecast period (2024 - 2032). A jack-up rig is a type of mobile offshore platform

RigLogix Offshore Rig Data | Westwood Global Energy Group

We are the leading source of commercial offshore rig data and intelligence, trusted by E&P and supply chain companies. Request your demo now.

Borr Drilling targets $149K average day rate in 2025 amid

Borr Drilling reports strong Q4 2024 results with higher day rates and solid 2025 contracts. Explore their outlook, challenges, and market strategies.

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

Low dayrates shock bidders at Asian giant''s latest tender for

The Indian state giant operates a fleet of more than 30 offshore drilling units and is the largest operator of jack-up rigs in South Asia.

Wholesale jack up drilling rig day rates [PDF]

Mining Drilling Rigs Inc.