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Message: Requests for drilling rigs

Requests for drilling rigs

posted on Oct 23, 2009 10:00AM

Turning to the US Gulf of Mexico, the current jackup market continues to struggle. However, customer inquiries are improving for work starting early next year for all of our rig classes. With utilization at 50% though, there will be stiff competition. Opportunities in Latin America are also improving. We expect Pemex to tender for three independent cantilever jackups starting in 2010, which would be incremental demand. And jackup programs are emerging in Brazil, Columbia, Trinidad, Surinam, and Guyana. We are pursuing all of these opportunities.

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