jackup Drilling Rig

Offshore Drilling Rig Type	Location	Water Depth	Available	Drilling	Update: as of August 9, 2010
Jack-up Drilling Rig	Asia	400 Feet	OCT 2010	30,000 FT	Jackup Rig Inventory List >>>Visit>>>
Jack-up Drilling Rig	Afica	375 Feet	APRIL 2011	30,000 FT	Jackup Rig Inventory List >>>Visit>>>
Jack-up Drilling Rig	Afica	375 Feet	AUG 2010	30,000 FT	Jackup Rig Inventory List >>>Visit>>>
Jack-up Drilling Rig	Afica	300 Feet	NOV 2011	20,000 FT	Jackup Rig Inventory List >>>Visit>>>
Jack-up Drilling Rig	Afica	250 Feet	MAY 2011	20,000 FT	Jackup Rig Inventory List >>>Visit>>>
Semi Submersible	New Built	10,000 feet	Oct 2010	35,000 FT	Charter Contract
Semi Submersible	GOM	70	Sept 2010	25,000 FT	Charter Contract
Semi Submersible	North Sea	1,500	June 2010	25,000 FT	Charter Contracted
Jack-up Rig	GOM	300	Oct 2010	25,000 FT	Extended Contract available Oct 2010
Jack-up Rig	GOM	300	June 2010	25,000 FT	Charter Contract
Jack-up Rig	GOM	250	Oct 2010	25,000 FT	Inspection Completed Available Oct 2010
Jack-up Rig	Africa	300	Feb 2011	25,000 FT	Charter Contract
Jack-up Rig	North Sea	250	March 2011	25,000 FT	Sale / Contract
Jack-up Rig	Middle-East	400	Nov 2010	30,000 FT	Contracted: Available Nov 2010
Jack-up Rig supper M2	New Built	300	Sale Confirmed	30,000 FT	Sale / Contract -------Sold
Jack-up Rig	Middle-East	250	Available	20,000 FT	Contracted: Available March 2011
Jack-up Rig	New Built	400	DEC 2010	30,000 FT	Sale / Contract
Jack-up Rig	North Sea	400	July 2010	30,000 FT	Charter Contracted until 2015
Jack-up Rig	Africa	400	June 2010	30,000 FT	Charter Contract/ Extended to Aug 2010
Jack-up Rig	East Asia	400	Oct 2010	30,000 FT	Sale / Contract
Jack-up Rig	East Asia	300	Dec 2010	21,000 FT	Sale / Contract
Jack-up Rig	Middle-East	250	Feb 2011	21,000 FT	Inspection Completed Secured 1 year Contract as Accommodation unit
Jack-up Rig	East Asia	180	Fully Refurbished	No Drilling	Suitable for accommodation or production unit

Forecast for the 2010 Jackup Drilling Rig Market

Compared t o a year ago, the jackup market is much changed. Going into 2010 there are nearly 3 times as many ready stacked and cold stacked units as there were at the beginning of 2008 and 2009. Global jackup utilization currently hovers around 70%, well below levels in early 2008 and early 2009. In fact, global jackup utilization has only been this low during four periods in the last 20 years.

Regions facing the biggest supply challenges include Southeast Asia and the Middle East. Together, two regions alone account for over 60% of the international jackup contract rollovers through 2010. Currently, the average age of uncontracted ready stacked jackups and cold stacked jackups are 24 and 29 years old, respectively, compared to 22 years old for contracted jackups.

Outside of the U.S.GOM, there are approximately 52 marketable units currently uncontracted, including ready stacked units and units enroute or in the shipyard for relatively short term work. A further 26 competitive, New build jackups are scheduled for delivery through the end of 2010.
In addition, close to 140 jackup contracts are set to expire throughout 2010.