Activity Survey 2014

Mobile Drilling Rig Market

1

The number of mobile drilling rigs deployed in the UK at the end of 2013 was at its highest since 2008 (20 jack-ups and 19 semi-submersible rigs). Despite this, it is very apparent that there remains a shortage of rigs on the UKCS, as demonstrated by the constraints on E&A drilling. Current daily rig rates are also a deterrent to further exploration, more so, given that the time taken to drill a typical well on the UKCS has increased by 17 days over the last five years.

2

Figure 13: Number of Rigs on the UK Continental Shelf

3

25

4

20

5

15

Semi-Submersible Rigs

Number of Rigs

10

6

Jack-Up Rigs

5

7

0

Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13

8

Source: North Sea Reporter

9

10

11

page 21

Made with FlippingBook - Online Brochure Maker