wti brent - bassoe...wti brent january february march april may june july august septem.. october...
TRANSCRIPT
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OFFSHORE RIGS 2017: THE YEAR IN REVIEW
WTI Brent
January February March April May June July August Septem.. October Novem.. Decem..40
55
70Oil prices
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64
50
10
4
rig sales for drilling operations
7 major transaction announcements
2 jackups; $130m
1 semisub + 1 semisuboption (West Mira,Bollsta Dolphin);$360m + $400m
15 jackups; $1.35b
Ensco acquires Atwoodin all-stock transaction
3 jackups; $225m
Transcean acquiresSonga; $3.4b
9 jackups; $1.256b
Dec. '16/Jan '17
March
March
May
May
August
October
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0
18
35
Rig type
# of
rigs
scr
appe
d
63%
Jackups Semisubs Drillships
J.. F.. M.. A.. M.. J.. J.. A.. S.. O.. N.. D..55
63
70
Mar
kete
d ut
iliza
tion
(%)
67
rigs scrappedor retired
utilization
29
30
8
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337
contract fixtures & extensions
51
61
45
26
12
10
14
14
13
204
12
12
88
10
10
8
45
8
3
79
20
With two weeks left in2017, 285 rig-years addedto backlog this year vs. 291in 2016
23
6
8
1
44
22
20
17
16
16
15
10
12
12
Most active operators and contractors (# of contracts/extensions awarded)
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Dayrates not yet rising
68,000
130,000155,000
0
100000
200000
Average reported dayrates
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Sources: Bassoe Offshore; IHS; companies
Rig values
bassoe.no
Average rig values ($m; built after 2009)
Premium 400ft Jackup Semisub (6th gen DP, benign) Semisub (6th gen, harsh) Drillship (6th/7th gen)
Jan 2017 June 2017 Dec 201775
225
375
Real values for individual rigs or rig segments in Bassoe's Rig Valuation Tool may vary from the data in this chart
bassoe.no/rigvalues
bassoe.no/rigsales