The total supply of offshore oil and gas rigs worldwide was 694 in the week of December 20, 2024. Meanwhile, the amount of marketed and contracted offshore rigs was 547. Accordingly, the utilization rate of marketed offshore rigs was 90 percent that month. This was a decrease in comparison with the previous month. South America tends to have the greatest offshore rig utilization rate of any region.
Monthly number of offshore oil and gas rigs worldwide from December 2021 to December 2024, by contract type
Marketed contracted reflects all marketed rigs that have a contract in place. This does not reflect the number of rigs actually working at any given time as some contracted rigs may be moving between locations, undergoing maintenance, waiting on weather, etc.
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IHS Markit. (December 20, 2024). Monthly number of offshore oil and gas rigs worldwide from December 2021 to December 2024, by contract type [Graph]. In Statista. Retrieved January 07, 2025, from https://www.statista.com/statistics/918404/offshore-oil-rig-global-count-by-contract-type/
IHS Markit. "Monthly number of offshore oil and gas rigs worldwide from December 2021 to December 2024, by contract type." Chart. December 20, 2024. Statista. Accessed January 07, 2025. https://www.statista.com/statistics/918404/offshore-oil-rig-global-count-by-contract-type/
IHS Markit. (2024). Monthly number of offshore oil and gas rigs worldwide from December 2021 to December 2024, by contract type. Statista. Statista Inc.. Accessed: January 07, 2025. https://www.statista.com/statistics/918404/offshore-oil-rig-global-count-by-contract-type/
IHS Markit. "Monthly Number of Offshore Oil and Gas Rigs Worldwide from December 2021 to December 2024, by Contract Type." Statista, Statista Inc., 20 Dec 2024, https://www.statista.com/statistics/918404/offshore-oil-rig-global-count-by-contract-type/
IHS Markit, Monthly number of offshore oil and gas rigs worldwide from December 2021 to December 2024, by contract type Statista, https://www.statista.com/statistics/918404/offshore-oil-rig-global-count-by-contract-type/ (last visited January 07, 2025)
Monthly number of offshore oil and gas rigs worldwide from December 2021 to December 2024, by contract type [Graph], IHS Markit, December 20, 2024. [Online]. Available: https://www.statista.com/statistics/918404/offshore-oil-rig-global-count-by-contract-type/
