In response to a decrease in wanton oil prices given mid-2014, a series of active offshore rigs has declined worldwide, dropping tighten to 20%—304 offshore rigs were handling in Aug 2015, down from 377 in Aug 2014. During this period, a series of active offshore rigs in a U.S. Gulf of Mexico (GOM) forsaken some-more rapidly, descending by 46%. Over a past 15 years, a U.S. GOM’s share of active offshore rigs worldwide has declined significantly—from roughly half of all active offshore rigs worldwide in 2000 to reduction than 20% given 2008.
In a U.S. GOM, record advancements accelerated a expansion of a deepwater (areas where a H2O abyss is larger than 1,000 feet). The pierce to deeper waters stirred a depart of rigs handling in a shoal waters of a U.S. GOM. Natural gas prospects in a U.S. GOM have also turn reduction profitable, as a mostly shale-driven boost in onshore healthy gas supply contributed to decreases in U.S. healthy gas prices. The series of active offshore rigs in a U.S. GOM declined from 122 in Jan 2000 to 41 in Jan 2010, before descending to 19 in Jun 2010 following a Deepwater Horizon offshore blast and blowout. The U.S. GOM active offshore supply count recovered to 57 by Dec 2014, and now a series is 33.
From 2000 to 2006, a share of active rigs handling offshore in Asia Pacific, a Middle East, and Latin America grew significantly. That share remained solid over a past decade. The enlargement of offshore drilling in India and China mostly accounted for a expansion in offshore rigs in a Asia Pacific region. During a early 2000s, Qatar and Iran accounted for most of a expansion in active offshore rigs in a Middle East, with Saudi Arabia accounting for a vast apportionment of a informal expansion given 2006. Mexico accounted for a expansion in active offshore rigs in Latin America in a early 2000s, as inhabitant oil association Pemex increasing a offshore activity to detain disappearing prolongation from aging fields. Since 2006, Brazil has been obliged for most of Latin America’s growth.
Most of a some-more new expansion in active offshore rigs outward a United States has occurred in Africa. Angola and Nigeria comment for most of a expansion in a segment after 2010. Angola has some-more than 10 offshore oil projects approaching to come online within a subsequent 5 years. Nigeria’s offshore activities have been focusing on a deepwater and ultra-deepwater; during slightest 3 deepwater projects are in expansion and are projected to come online within a subsequent 5 years.