Insight
Are we at a tipping point for the deepwater rig market?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Rig companies are making money again. Day rates are increasing and look set to go higher. Operators are focusing on getting the best total cost for drilling and addressing emissions while retaining contracting flexibility. The market, particularly for the best rigs, is nearly sold out. What’s next for the deepwater rig market? · Do operators abandon contractual flexibility and return to long-term contracting? · Do rig owners seize the opportunity to add more capacity? · Or do operators and rig contractors keep the status quo? · Will the need for lower emissions and efficiency drive a new build cycle? The Wood Mackenzie Upstream Supply Chain Service delivers a complete set of solutions for offshore drilling and rigs, subsea, marine construction, and offshore facilities. The result is a comprehensive outlook that helps you understand supply and demand, benchmark against peers, assess costs, and confidently guide strategy.
Table of contents
-
Executive summary
- Offshore rig market recovery in full swing
- Our forecast – a return to Golden Triangle dominance
- Reactivations back on the table for the right price
- Supportive factors
- Inhibitors
- Newbuilds
- Rig rates on the rise
- Rewards do not come without risks
- 2 more item(s)...
Tables and charts
This report includes the following images and tables:
- Floating rig supply and demand – Deepwater drilling and rigs service
- Floating rig demand by major region – Deepwater drilling and rigs service
- Reactivations and cold-stacked floaters for the top 5 rig contractors – Deepwater Drilling and Rigs Service
- Floating rigs day rate forecast – Deepwater drilling and rigs service
What's included
This report contains:
Other reports you may be interested in
Insight
Double whammy for China’s refining – 2025 is a tipping point
This insight explores the impact of China's government policies and market forces on China refining industry.
$900
Insight
US upstream week in brief: Q2 2024 archive
The US week in brief highlights the need-to-know current events from US upstream. Stories are supplemented with proprietary Woodmac views.
$1,350
Insight
Unwanted spend: how big is the deepwater decommissioning bill?
How will a US$27 billion decommissioning bill in the next ten years affect deepwater operators, taxpayers, and the supply chain?
$1,350
