Taking comfort in Fundamentals, page-49

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yanksrule64

115 Posts.

14/05/15

14:15

Post #: 15279551

Originally posted by sticky101 ↑

Some interesting data...

Australian rig utilisation has fallen 20% from last year - same as MMA's vessel utilisation. Gulf of Mexico have a rough time...

HISTORICAL COMPETITIVE OFFSHORE RIG UTILIZATION BY REGION

Column 1

1 Below is the breakdown of rig utilization by region of the world for each time period indicated. Utilization numbers are based on a snapshot rig count. Only competitive rigs are included.

Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Column 9

1 Region Current Current 1 Months Ago 1 Month Ago 6 Months Ago 6 Months Ago 1 Year Ago 1 Year Ago

2 Africa - Other 40.0% (2/5) 50.0% (3/6) 66.7% (4/6) 55.6% (5/9)

3 Africa - West 61.5% (56/91) 64.1% (59/92) 62.7% (64/102) 63.9% (62/97)

4 Asia - Caspian 100.0% (1/1) 100.0% (1/1) 100.0% (1/1) 100.0% (1/1)

5 Asia - Far East 41.7% (5/12) 46.2% (6/13) 60.0% (6/10) 57.1% (4/7)

6 Asia - South 67.5% (27/40) 82.9% (34/41) 82.1% (32/39) 87.8% (36/41)

7 Asia - SouthEast 55.6% (69/124) 60.5% (75/124) 66.4% (89/134) 71.8% (89/124)

8 Australia 66.7% (10/15) 73.3% (11/15) 84.6% (11/13) 86.7% (13/15)

9 Black Sea 60.0% (3/5) 60.0% (3/5) 75.0% (3/4) 50.0% (2/4)

10 Europe - East 50.0% (1/2) 50.0% (1/2) 100.0% (2/2) 100.0% (1/1)

11 Europe - North Sea 81.0% (81/100) 86.0% (86/100) 92.9% (92/99) 85.4% (82/96)

12 Mediterranean 59.1% (13/22) 63.2% (12/19) 65.0% (13/20) 68.4% (13/19)

13 MidEast - Persian Gulf 72.6% (77/106) 74.0% (77/104) 77.9% (81/104) 73.3% (77/105)

14 MidEast - Red Sea 71.4% (10/14) 73.3% (11/15) 80.0% (12/15) 86.7% (13/15)

15 N. America - Canadian Atlantic 60.0% (3/5) 75.0% (3/4) 100.0% (4/4) 100.0% (2/2)

16 N. America - Mexico 68.5% (61/89) 69.0% (60/87) 79.1% (68/86) 76.5% (65/85)

17 N. America - US Alaska 66.7% (2/3) 66.7% (2/3) 33.3% (1/3) 33.3% (1/3)

18 N. America - US GOM 36.4% (71/195) 40.2% (80/199) 48.2% (96/199) 56.9% (111/195)

19 N. America - US Other 25.0% (1/4) 25.0% (1/4) 0.0% (0/3) 0.0% (0/3)

20 Other 0.0% (0/1) 0.0% (/0) 0.0% (/0) 0.0% (/0)

21 S. America - Brazil 89.8% (53/59) 93.2% (55/59) 93.3% (56/60) 91.2% (62/68)

22 S. America - Other & Carib. 60.0% (12/20) 47.6% (10/21) 50.0% (7/14) 42.9% (6/14)

23 S. America - Venezuela 66.7% (2/3) 66.7% (2/3) 100.0% (3/3) 100.0% (2/2)

24 Worldwide (No Region) 0.0% (0/1) 0.0% (/0) 0.0% (/0) 0.0% (/0)

- See more at: http://www.rigzone.com/data/utilization_region.asp

Expand

Sticky, this was not the exact post I was referring to but there are a quite a few of them out there about the rebound in Gulf of Mexico drilling campaigns.
http://www.usatoday.com/story/money/markets/2015/01/06/deep-water-oil-production-gulf/20752155/

MRM Price at posting: 59.0¢ Sentiment: Buy Disclosure: Held

Upvote

0 Great analysis

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	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8	Column 9
1	Region	Current	Current	1 Months Ago	1 Month Ago	6 Months Ago	6 Months Ago	1 Year Ago	1 Year Ago
2	Africa - Other	40.0%	(2/5)	50.0%	(3/6)	66.7%	(4/6)	55.6%	(5/9)
3	Africa - West	61.5%	(56/91)	64.1%	(59/92)	62.7%	(64/102)	63.9%	(62/97)
4	Asia - Caspian	100.0%	(1/1)	100.0%	(1/1)	100.0%	(1/1)	100.0%	(1/1)
5	Asia - Far East	41.7%	(5/12)	46.2%	(6/13)	60.0%	(6/10)	57.1%	(4/7)
6	Asia - South	67.5%	(27/40)	82.9%	(34/41)	82.1%	(32/39)	87.8%	(36/41)
7	Asia - SouthEast	55.6%	(69/124)	60.5%	(75/124)	66.4%	(89/134)	71.8%	(89/124)
8	Australia	66.7%	(10/15)	73.3%	(11/15)	84.6%	(11/13)	86.7%	(13/15)
9	Black Sea	60.0%	(3/5)	60.0%	(3/5)	75.0%	(3/4)	50.0%	(2/4)
10	Europe - East	50.0%	(1/2)	50.0%	(1/2)	100.0%	(2/2)	100.0%	(1/1)
11	Europe - North Sea	81.0%	(81/100)	86.0%	(86/100)	92.9%	(92/99)	85.4%	(82/96)
12	Mediterranean	59.1%	(13/22)	63.2%	(12/19)	65.0%	(13/20)	68.4%	(13/19)
13	MidEast - Persian Gulf	72.6%	(77/106)	74.0%	(77/104)	77.9%	(81/104)	73.3%	(77/105)
14	MidEast - Red Sea	71.4%	(10/14)	73.3%	(11/15)	80.0%	(12/15)	86.7%	(13/15)
15	N. America - Canadian Atlantic	60.0%	(3/5)	75.0%	(3/4)	100.0%	(4/4)	100.0%	(2/2)
16	N. America - Mexico	68.5%	(61/89)	69.0%	(60/87)	79.1%	(68/86)	76.5%	(65/85)
17	N. America - US Alaska	66.7%	(2/3)	66.7%	(2/3)	33.3%	(1/3)	33.3%	(1/3)
18	N. America - US GOM	36.4%	(71/195)	40.2%	(80/199)	48.2%	(96/199)	56.9%	(111/195)
19	N. America - US Other	25.0%	(1/4)	25.0%	(1/4)	0.0%	(0/3)	0.0%	(0/3)
20	Other	0.0%	(0/1)	0.0%	(/0)	0.0%	(/0)	0.0%	(/0)
21	S. America - Brazil	89.8%	(53/59)	93.2%	(55/59)	93.3%	(56/60)	91.2%	(62/68)
22	S. America - Other & Carib.	60.0%	(12/20)	47.6%	(10/21)	50.0%	(7/14)	42.9%	(6/14)
23	S. America - Venezuela	66.7%	(2/3)	66.7%	(2/3)	100.0%	(3/3)	100.0%	(2/2)
24	Worldwide (No Region)	0.0%	(0/1)	0.0%	(/0)	0.0%	(/0)	0.0%	(/0)

Taking comfort in Fundamentals, page-49

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