Wholesale onshore drilling rig day rates
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
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
RigLogix Offshore Rig Data | Westwood Global
We are the leading source of commercial offshore rig data and intelligence, trusted by E&P and supply chain companies. Request your demo now.
Global Onshore Drilling Rig Rates: Q1 2025 Regional
Executive Summary As the global onshore drilling market enters 2025, distinct regional variations are emerging, driven by factors such as
Middle East drilling rates down almost 20% since Aramco''s crude
The cost to use a drilling rig to explore for crude oil and natural gas in the Middle East may have bottomed out after dropping almost 20% since the end of 2023 after Saudi Aramco cancelled
How much does a new drilling rig cost?
FAQ How much does a drilling rig make per day? Offshore drilling rigs typically earn between $200,000 and $600,000 per day, depending on the type of rig, location, and
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,
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
Steady but flat outlook forecast for the global onshore market in
By Stephen Whitfield, Senior Editor Today''s global onshore drilling market is in a holding pattern. With activity expected to go up in some regions and down in others, the end
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,
2024 offshore drilling outlook: Westwood''s top three predictions
The offshore drilling market has been reaping the benefits of the ongoing upcycle, as rising demand and tightening supply brought higher day rates and fleet utilization in 2023.
Global Land Rigs | Westwood Global Energy Group
The leading source of onshore rig market intelligence, Global Land Rigs provides trusted data and insight across the global onshore land drilling rig fleet.
Global Onshore Drilling Rig Rates: Q1 2025 Regional
This article provides a detailed breakdown of expected rig rates across major regions, factoring in specifications, utilization rates, and market
Westwood: Onshore Rig Counts, Rates to Rise
Land drill rig day rates have increased in a number of regions due to an increase in drilling demand combined with higher commodity pricing. In the U.S., in particular, day rates
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, RigPoint and RigBase. For
Buy & Import Onshore drilling rig Wholesale
Buy online Onshore drilling rig at wholesale price from Hisin Petroleum in China. Hisin Petroleum is the genuine trader of product Onshore drilling rig and sells it in bulk at
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
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
Indian rig rates, Day rates, offshore rigs, Rig
The rig movement database compiles information on rigs active in India, both inland and offshore helps E & P operators rig movement, availability and day
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
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
2024 offshore drilling outlook: Westwood''s top three
The offshore drilling market has been reaping the benefits of the ongoing upcycle, as rising demand and tightening supply brought higher day
Global Land Drilling Rig Dayrate White Paper
Offering a quick, easy-to-use analytical tool, that allows clients to see day rates for each individual rig, based on the rig specification and the day
The Power Requirements Of An Average Drilling Rig
The power required to operate a drilling rig is a crucial component for unleashing the might of these massive machines. From offshore platforms
Report: ''Big 3 offshore drillers'' reporting increasing day rates
"We believe [that] the offshore drilling subsector is still in the early innings of a multi-year upcycle," the firm wrote. The analysis noted that day rates have rebounded sharply for
Clarksons Research: Offshore oil and gas vessel
Offshore oil and gas markets continued to strengthen in 2023, with the Clarksons Offshore Index rising by a further 27% to a multi-year high of
Westwood: Optimistic outlook for onshore drilling
Latest analysis from Westwood Global Energy Group reveals a healthy recovery roadmap for the global land rig market, driven by higher
Global Land Drilling Rigs Tracker
Each month Westwood''s onshore team provides a global update on land drilling rig supply, with data sourced from and analysed using Westwood''s Global Land Rig tool.
Rig utilisation rate to near 100% in 2024 as drilling
Rig utilisation rate to near 100% in 2024 as drilling hotspots drive demand Consultant upbeat for coming year, following 2023''s ongoing
Onshore rig global day rate data and insights
Responding to market demand, these findings follow the release of an update to the industry-first global solution, Global Land Drilling Rigs Day
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
Global Land Drilling Rig Dayrate White Paper
One of the most significant costs on any onshore oilfield is the cost of hiring a rig to drill the well and, as a result, there is a need for land rig
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