RigData Offshore - Gulf of Mexico Rig Utilization Weekly Update - June 29, 2010

June 29, 2010 - PRLog -- According to RigData Offshore reports, mobile rig utilization in the Gulf of Mexico fell for the week as two previously working rigs came off contract.  Total fleet utilization is now 57.4% with 70 of 122 mobile rigs under contract or committed for work.  Marketed utilization, which excludes those cold stacked and other non-marketed rigs, fell to 83.3% with 70 of the 84 units under contract.  Atwood Oceanics submersible Richmond completed its contract for Contango Operators and was moved to Sabine Pass.  

As reported above, one jackup was released, which drove fleet utilization down to 47.6%, now with 39 of 82 units under contract or committed for work.  Marketed utilization dropped to 78% with 39 of 50 units contracted.  The Hercules 204 accounted for the decrease after it finished its contract with LLOG Exploration.

Floating rig fleet utilization remained at 91.2% with 31 of 34 units under contract, while marketed utilization was also unchanged at 93.9% with 31 of 33 units under contract.

Total platform rig fleet fell to 31.4% with 16 of 51 rigs contracted, while marketed utilization dropped to 45.7% with 16 of 35 rigs under contract.  Inland barge fleet utilization fell slightly.  Total fleet utilization is now 48.3% with 28 of 58 units under contract, while marketed utilization is 70% with 28 of 40 units under contract.

For more details: http://www.rigdata.com/offshore.aspx?utm_source=PRlog%2BP...

# # #

RigData is the oil and gas industry’s trusted source for accurate and timely information pertaining to drilling activity in the United States, the Gulf of Mexico and Canada. For over 25 years, the oil and gas industry has relied on RigData reports for its comprehensive and unparalleled reporting on drilling permits, drilling activity and tracking drilling rig locations.

RigData collects and publishes extensive information on permits-to-drill, completions data, drilling rig locations and overall oil and gas drilling activity. RigData has garnered a solid reputation for delivering the highest quality and the most accurate oil and gas drilling industry data which is considered to be the industry benchmark and is frequently referenced by the media and industry analysts.

You can always count on RigData reports to identify new sales leads, plan visits to drilling rigs, determine market share, identify exploration trends, find available rigs or monitor competitive activity.