Little Change Seen In Offshore Rig Counts

Friday, November 19, 1999
Offshore rig activity changed little from last week, according to Offshore Data Services' weekly mobile offshore rig count. In the U.S. Gulf of Mexico, 145 of 191 mobile offshore drilling rigs are under contract this week, a one-rig decline compared to last week. U.S. Gulf drilling fleet utilization is 75.9 percent. In European waters, 74 of 107 mobile offshore drilling rigs are under contract this week, a one-rig increase compared to last week. European offshore rig fleet utilization is 69.2 percent. Worldwide, 472 of 633 mobile offshore drilling rigs are under contract this week, a one-rig increase compared to last week. Worldwide offshore rig utilization is 74.6 percent.
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