Indonesia Rigs Count Update – August 2013

In my previous posts, I have provided some information on Rigs Count in Indonesia:

• Rig Count in Indonesia - Investor opportunity?
• Indonesian Rig Count Update

Here is the latest from Baker Hughes

Valuable information is presented by Energy Economist. Here we may compare Rigs Count in Indonesia with global trends- which generally follows overall movements:

Offshore Drilling: Going Deeper – and Some Construction in Indonesia

It seems that the Rigs theme is in focus this week... The new issue of Offshore magazine features a section 

 “Many of the newer rigs currently under contract, and those still under construction in shipyards around the world, are designed for deeper waters and wells. Nearly 50 of the premium jackups in the global fleet are rated to water depths of 400 ft or greater… The greatest demands are from the greater Asia/Pacific region, the North Sea, and Middle East. Roughly 31 of the 142 rigs highlighted in this year's survey are deployed in Asia Pacific (22% of the total), followed by 28 in the North Sea (20%) and 15 in the Middle East (11%).” – writes Ted Moon.

There is a good analysis of current situation with offshore drilling, including this table

Rig orders 2008-2013 (year-to-date)

And 2013 Worldwide MODU construction/new order survey, where there is only one mention of Indonesia:

A few words on Drydocks World – Graha. This is a modern dedicated rig and offshore construction yard with the ability to build jackup or semi-submersible rigs. This flyer describes it good. 

 This is a Batam facility that is run by Dubai-based company Drydocks World and Maritime World (DWMW). In 2010 the self-propelled jack-up construction vessel, Nora was built for Master Marine ASA of Norway. 

In 2011 the Graha plant delivered a Self Elevating Platform, L210 to Curacao based Self Elevating Platforms N.V., with contract value of $24.6m. It was reported in February that the company plans to expand it with an investment of U.S. $ 2.5 billion.

Indonesia Rig Count Update

I made a brief overview of Indonesian Rigs Count in my earlier post. Here is the latest update from the sources. It shows that unfortunately it goes down…. Latest Baker Hughes data: And from Energy Digger:

Source: EnergyDigger