Worldwide Rig Utlization Falls 1.8 Percent

Worldwide offshore rig utilization fell during the week ending August 17, according to ODS-Petrodata Group.

U.S. Gulf of Mexico rig utilization fell 1.8 percent to 77.8 percent this week, with 165 rigs under contract out of a total of 212. European offshore rig utilization also fell one percent to 97.1 percent, with 99 of the regions 102 rigs under contract, according to ODS.

Worldwide offshore rig utilization fell 0.6 percent with 567 out of 653 rigs with contracts.