The total supply of offshore oil and gas rigs worldwide was 687 in the week of March 14, 2025. Meanwhile, the amount of marketed and contracted offshore rigs was 537. Accordingly, the utilization rate of marketed offshore rigs was 89 percent that 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 May 2021 to March 2025, by contract type
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Monthly number of offshore oil and gas rigs worldwide from May 2021 to March 2025, by contract type
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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. (March 17, 2025). Monthly number of offshore oil and gas rigs worldwide from May 2021 to March 2025, by contract type [Graph]. In Statista. Retrieved April 27, 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 May 2021 to March 2025, by contract type." Chart. March 17, 2025. Statista. Accessed April 27, 2025. https://www.statista.com/statistics/918404/offshore-oil-rig-global-count-by-contract-type/
IHS Markit. (2025). Monthly number of offshore oil and gas rigs worldwide from May 2021 to March 2025, by contract type. Statista. Statista Inc.. Accessed: April 27, 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 May 2021 to March 2025, by Contract Type." Statista, Statista Inc., 17 Mar 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 May 2021 to March 2025, by contract type Statista, https://www.statista.com/statistics/918404/offshore-oil-rig-global-count-by-contract-type/ (last visited April 27, 2025)
Monthly number of offshore oil and gas rigs worldwide from May 2021 to March 2025, by contract type [Graph], IHS Markit, March 17, 2025. [Online]. Available: https://www.statista.com/statistics/918404/offshore-oil-rig-global-count-by-contract-type/
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