Offshore Drilling Rigs, Jackup Drilling Rigs

Offshore Jackup- Drilling Rig, Offshore Oil Drilling Rig, Offshore Workover Rigs
for Offshore Drilling Projects based in Middle-East, Africa, Asia, and South America

Time to Build

Offshore Jack-up Rigs, Semi-submersibles, Drill Ships Worldwide Available Units as of
April 28, 2010

Time to Build


Offshore Rig Type	Location	Water Depth	Available	Drilling	Update: as of April 28, 2010
Semi Submersible	New Built	10,000 feet	Oct 2010	35,000 FT	Charter Contract
Semi Submersible	GOM	70	March 2010	25,000 FT	Charter Contract
Semi Submersible	North Sea	1,500	June 2010	25,000 FT	Charter Contract
Jack-up Rig	GOM	300	Oct 2010	25,000 FT	Extended Contract available Oct 2010
Jack-up Rig	GOM	300	June 2010	25,000 FT	Charter Contract
Jack-up Rig	GOM	250	Oct 2010	25,000 FT	Inspection Completed Available Oct 2010
Jack-up Rig	Africa	300	April 2010	25,000 FT	Charter Contract
Jack-up Rig	North Sea	250	March 2010	25,000 FT	Sale / Contract
Jack-up Rig	Middle-East	400	Feb 2010	30,000 FT	Contracted: Available Nov 2010
Jack-up Rig supper M2	New Built	300	March 2010	30,000 FT	Sale / Contract
Jack-up Rig	Middle-East	250	Available	20,000 FT	Contracted: Available March 2011
Jack-up Rig	New Built	400	July 2010	30,000 FT	Sale / Contract
Jack-up Rig	North Sea	400	July 2010	30,000 FT	Charter Contract
Jack-up Rig	Africa	400	June 2010	30,000 FT	Charter Contract
Jack-up Rig	East Asia	400	Oct 2010	30,000 FT	Sale / Contract
Jack-up Rig	East Asia	300	Dec 2010	21,000 FT	Sale / Contract
Jack-up Rig	Middle-East	250	Feb 2011	21,000 FT	Inspection Completed Secured 1 year Contract as Accommodation unit
Jack-up Rig	East Asia	180	Fully Refurbished	No Drilling	Suitable for accommodation or production unit

Forecast for the 2010 Jackup Drilling Rig Market

Compared t o a year ago, the jackup market is much changed. Going into 2010 there are nearly 3 times as many ready stacked and cold stacked units as there were at the beginning of 2008 and 2009. Global jackup utilization currently hovers around 70%, well below levels in early 2008 and early 2009. In fact, global jackup utilization has only been this low during four periods in the last 20 years.

Regions facing the biggest supply challenges include Southeast Asia and the Middle East. Together, two regions alone account for over 60% of the international jackup contract rollovers through 2010. Currently, the average age of uncontracted ready stacked jackups and cold stacked jackups are 24 and 29 years old, respectively, compared to 22 years old for contracted jackups.

Outside of the U.S.GOM, there are approximately 52 marketable units currently uncontracted, including ready stacked units and units enroute or in the shipyard for relatively short term work. A further 26 competitive, Newbuild jackups are scheduled for delivery through the end of 2010.
In addition, close to 140 jackup contracts are set to expire throughout 2010.

Offshore Drilling News
Seadrill secures letter of intent for West Epsilon	Chevron deploys a second ultra-deepwater drillship	KCA DEUTAG awarded contracts in Libya	Exxon readies for deep Black Sea campaign	Noble Energy apparent high bidder on 16 deepwater GoM

Worldwide overall rig utilization statistics for the entire competitive rig fleet. Utilization numbers are based on a snapshot rig count. Only competitive rigs are included.
Current	30 Days Ago	6 Months Ago	12 Months Ago
486	492	460	467