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Day rates published by IHS are presented in good faith based on our best understanding of the market at the time, and may be subject to adjustment. Day rates are charted as an average of the high and low for each month. Utilization is the percentage of contracted rigs out of the total competitive fleet supply. The data is updated on or about the 15th of each month. The data points used to derive the averages are available to subscribers to IHS Petrodata's RigBase or RigPoint market intelligence tools.
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This UAE-based oil company established HEARTS (HSE Electronic Analysis Reporting and Tracking System) to ensure compliance with international standards – including ISO 14001, 9001 and OHSAS 18001 certifications – as well as provide performance metrics to corporate leadership.Learn More
To gain an advantage in highly competitive energy markets, this industry leader leverages rapid, accurate analysis of global oil and gas projects -- from exploration to concept selection and field plan development -- that save time and deliver insights by comparing cost scenarios and production profiles.Learn more about our client’s successes
This Danish energy firm makes expert use of an IHS tool to meet tight deadlines for project bids -- eliminating the need for hundreds of hours of manual cost-estimation and saving 75% of the time required to ramp up an outside contractor -- while giving decision makers confidence in the estimates’ proven accuracy.Learn more about our client’s successes
This Kuwait-based company demonstrated EHS&S leadership by reaching beyond regulatory compliance to support ISO 9000, ISO 14000 and OHSAS 18000 certification as well as enabling better executive decision-making with dashboard views of key performance indicators.Learn more about our client’s successes