SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: waverider who wrote (21078)5/1/1998 8:21:00 PM
From: Teddy  Read Replies (1) of 95453
 
But the Real World is full of BAD NEWS: Rig Count, May 1 - May 7, 1998

Worldwide offshore rig count records second consecutive weekly decline

HOUSTON: The worldwide offshore rig count recorded its second slight decline in as many weeks, according to
Offshore Data Services' weekly mobile offshore rig count.

One less mobile offshore drilling rig is reported to be under contract this week compared to one week ago, setting
this week's worldwide count at 581 rigs under contract. Worldwide fleet size remains unchanged at 609. Fleet
utilization this week is 95.4 percent.

Three rigs have moved out of the Gulf of Mexico since last week, headed to work in other drilling markets. The
Gulf of Mexico mobile drilling rig fleet now number 173 rigs, of which 165 are under contract. Gulf of Mexico rig
fleet utilization is 95.4 percent.

One of the rigs leaving the Gulf of Mexico is enroute to Trinidad, while the other two leaving the area are enroute
to European waters. In addition, a third unit is moving into the European market from another area; all three rigs
mobilizing to Europe are included in that area's rig count. The European offshore rig fleet now totals 114 units,
109 of which are under contract. European offshore rig fleet utilization is 95.4 percent.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News