Brazil eyes more rigs as utilisation hits 92%

Competitive rig utilisation for Brazil-based rigs has increased by 9% in six months, reaching 92% in June. Based on the current rig demand outlook and domestic supply drying up, it is likely that operators will have to source more rigs from outside of the region.

Esgian Rig Analytics shows that there are 22 rigs currently drilling offshore Brazil, and oil and gas companies are expected to ramp up activity further with a recent surge in tendering activity.


By Adis Ajdin via Splash


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