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The Global Offshore Drilling Rig Market Report offers an in-depth quarterly review of the jackup, semisubmersible and drillship sectors worldwide. It highlights recent market trends, contract activity, changes in rig supply, and provides a forward-looking outlook for the year ahead.

Drawing on data from Westwood’s RigLogix, Wildcat, SubseaLogix and PlatformLogix platforms, the report explores key demand indicators such as offshore investment, exploration activity, field development, and outstanding rig requirements. It also includes profiles of major drilling contractors and analysis of fleet dynamics.

Regional outlooks cover North America, South America, the North Sea, Africa, the Middle East, Southeast Asia and Australia, detailing upcoming drilling programmes and movements in demand and dayrates.

This report translates complex market data into clear insights, offering essential context and strategic takeaways for operators, contractors and investors tracking offshore rig market developments.

Global Offshore Rig Market Report 1Q 2025

Summary & Key Themes
Report Summary
Quarterly Key Theme

Industry Overview
Review of Oil Market Fundamentals
Recent Rig Contract Awards
Rig Contracts Awards Average Duration Analysis
Global Jackup Fleet Overview
Global Semisubmersible Fleet Overview
Global Drillship Fleet Overview
Changes in Rig Supply
Offshore Drilling Contractor Profiles

Demand Indicators
Offshore Investment
High Impact Exploration
Offshore Field Development
Outstanding Rig Requirements

Market Outlook
Upcoming Offshore Drilling Programmes
Regional Market Outlook: North America
Regional Market Outlook: South America
Regional Market Outlook: North Sea
Regional Market Outlook: Africa
Regional Market Outlook: Middle East
Regional Market Outlook: Southeast Asia & Australia

Purchase Report

The report is available to subscribers of RigLogix. Non-subscribers can complete the form below and a member of our Sales team will be in touch with purchase options and sample pages.