Monday 10 July 2023

In just six months, committed utilisation of marketed sixth generation harsh environment semisubmersibles (semis) has jumped 14% and is now sold out at 100% utilisation; a figure not recorded for this fleet since February 2014. Committed utilisation includes rigs currently on hire or have an upcoming contract. Appropriately, dayrates for recent contract fixtures have also risen, with some well above $400,000; a phenomenon not witnessed since 2015.

This fleet is currently made up of 27 active rigs, all of which are either on hire or have a contract starting in the future. Although Northwest Europe still contributes the lion’s share of demand, with 68% of contracted days awarded this year, several of these rigs are being continuously confirmed for new work or extensions in other regions.

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