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
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