RigData Offshore - Gulf of Mexico Rig Utilization Weekly Update

Fort Worth, TX, June 23, 2010 --(PR.com)-- According to RigData Offshore reports, mobile rig utilization in the Gulf of Mexico rose this week as one semi went idle, offset by a return to contracted for two jackups previously counted as idle. Total fleet utilization is now 59% with 72 of 122 mobile rigs under contract or committed for work. Marketed utilization, which excludes those cold stacked and other non-marketed rigs, is virtually unchanged at 85.7% with 72 of the 84 units under contract.

Within the jackup fleet, two units previously counted as idle were returned to the contracted rolls. That pushed overall utilization up to 48.8% with 40 of 82 units under contract or committed for work. Marketed utilization also rose to 80% with 40 of 50 units contracted.

Floating rig fleet utilization fell to 91.2% with 31 of 34 units under contract, while marketed utilization also dropped, coming in at 93.9% with 31 of 33 units under contract.

Total platform rig fleet increased to 39.2% with 20 of 51 rigs contracted, while marketed utilization rose to 52.6%, with 20 of 38 rigs under contract.

Inland barge fleet utilization also rose. Overall utilization is now 50% with 29 of 58 units under contract, while marketed utilization is 72.5% with 29 of 40 units under contract.

For more details: http://www.rigdata.com/?utm_source=PRcom&utm_medium=PRcom%2BPress%2BRelease&utm_campaign=PRcom%2B-%2BGOM%2BWeekly%2BUpdate

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