2Q 2026 Edition Available

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

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