Continental Focus, International Reach

Rig Rates Slip a Bit

Thursday, September 11, 2014

According to Transocean, day rates for ultra deepwater rigs have come down a bit compared to last year. In a presentation to attendees at an industry event in Oslo, the company said day rates for these rigs are now around $375,000-$500,000 per day, depending on specification.

Last year ultra-deepwater day rates peaked around $650,000 per day.

The firm added that rates for deepwater rigs are seen around $300,000-$400,000 per day in the near-term.


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