In its fleet status report issued this week the company has said it is preparing the rig for cold stacking, meaning the rig will be idled, crew let go, and all the hatches welded, cutting the costs to a minimum.
[pdf] According to data from Westwood’s RigLogix, the global offshore rig fleet size ended 2023 at 728 jackups, semisubs and drillships, down by a net one rig from the end of 2022. This is a considerable slowdown in supply shrinkage over the past several years.
[pdf] While maintaining a superior health, safety and environmental record, the Group currently has a fleet of thirty four onshore drilling rigs, thirteen jack-up offshore drilling rigs, a jack-up barge, and a mobile offshore production unit ("MOPU"), which includes a floating storage and offloading unit.
[pdf] 
