DRILLING MARKET FOCUS: New semisub orders exceed $13 billion

As the market for semisubmersible drilling rigs continues to improve, day rates and utilization levels are increasing, leading the push to build fleet capacity with new rigs and major upgrades.Drilling contractors have made contracts worth more than $10 billion to build 26 new semisubmersible drilling rigs, up from just 4 under construction 1 year ago. The new floaters include designs from Aker Kvaerner, Houston’s Friede & Goldman Ltd., Frigstad, Global Maritime AS, Sweden’s Gotaverken Arendal AB, Keppel FELS Ltd. deepwater technology group, and Marine Structural Consultants (Table 1). Click here to enlarge imageAlmost half of the new rigs are under construction in Singap...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected