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

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

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

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)

Dayrates not yet rising

68,000

130,000155,000

0

100000

200000

Average reported dayrates

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