July 2023
Features
Harsh environment semisub market sells out; dayrates approach $500K
Reflecting high demand for sixth-generation, harsh-environment semisubmersible rigs, their committed utilization is sold out at 100%. Dayrates in this group are forecast to continue increasing over the next five years, with rates at or above $500,000 for contracts beginning in late 2024 and early 2025.
