The jackup day rates have continued falling since 2014 and many are now working below operating cash breakeven. The average operating costs in the industry is USD71k. If you include the financial costs, the average cash breakeven is just above USD100k. Continue reading...

Rig fleet status reports
Noble
Seadrill
Transocean
Ensco
Rowan
Diamond
Paragon
  • The decision to stack

    When the market is falling, rig owners are forced to choose between stacking and maintaining their rig fleet. While...

  • Counter-cyclical rig investments

    There are mainly 3 newbuild strategies: Initial contract, speculation and counter-cyclical. The risk in newbuild projects is usually high...

  • Offshore Rig Valuation

    Drilling rigs have different income potential based on projected profits. The net asset value (NAV) of a rig is a...