Significant cost reductions have improved E&P cashflows and should drive increased offshore tendering activity in 2020. However, pricing is expected to remain competitive and contractors will need to remain focussed on profitability being locked into low-margin purgatory.
We track the availability, commercial terms and technical specifications of the global fleet of offshore drilling rigs. Enhancing transparency in the market, we help contractors, owners and suppliers optimise the use of major assets worldwide.
Our solutions bring together commercial data, desktop research and exclusive insights gathered by our network of industry leaders, analysts and consultants. We provide insight into the current status of the global fleet as well as trend analysis and market forecasts. With regular updates and timely reporting, we help streamline the contracting process and enable a leaner, quicker and more efficient process for all parties.
Drawing on our sector knowledge, we offer a range of advisory services. Our corporate strategy and transaction support includes: the assessment of underlying market drivers, competitor analysis, procurement-related commercial dynamics, individual business plans, and growth avenues. We also conduct peer-group benchmarking, and provide indicative asset valuations.
Advised Shelf Drilling on US$1.05 billion acquisition of 38 drilling rigs from Transocean
15 years of rig market coverage and expertise
Advised ADES Holding on raising US$325 million in bond financing
Offshore rigs including jack-ups, drillships, semisubmersibles, tenders, barges and platform-based units
“RigLogix is our primary source for market intelligence with reliable and timely data – it supports our offshore rig sourcing and contracting activities globally.”Major Oil and Gas CorporationSenior Advisor Market Intelligence