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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 group of oil, gas and petrochemical companies has interests in a variety of renewable energy sources and has become the world’s largest distributor of biofuels – exploring ideas to accelerate potential development of a commercially-feasible and climate-friendly biofuel from marine algae.Learn more about our client’s successes
This regional energy exploration and production company reduced the time required to generate monthly reports from 1 day to 20 minutes and reduced the workload from 2 full-time positions to one. Experienced staff now spends time making decisions instead of making reports and pumpers' accuracy has improved, too.
This Netherlands-based geological survey provider implemented a global health, safety, and environmental (HSE) platform to serve all 150 of its operating companies, promoting enterprise-wide HSE data and process standards while reducing monthly HSE reporting time from up to 3 days to one keystroke.Learn more about our client’s successes
One of the world’s largest oilfield services providers reduced uncertainty about parts obsolescence and replacement availability by providing its employees with real-time access to data for 25,000+ parts and eliminating delays to part change notices. The company also ensured compliance with latest REACH, RoHS and Export regulations.