Half-year data points for the offshore market released by Clarksons Research, profiling improving activity, utilization and day rates across the offshore oil and gas market, show the overall index is up 17%.
Reviewing the data, Steve Gordon, Managing Director of Clarksons Research, commented:
Overall Index up 17% in 1H to highest level for seven years …
Active rig count up 6% in 1H, day rates and utilization (+5 points) improving, our projections suggest further utilization improvements …
Overall OSV Rate Index up 18% across 1H and is now up >50% since the start of 2021…
Strong S&P activity, limited newbuild ordering, FPSO award activity ramping up with 16 projected for 2022 …
Source: www.worldoil.com
Author: World Oil