Offshore Drilling Rates Approaching $500,000 Per Day Mark

Before the end of the year, rates of US$500,000/day or above may return for highly-prized, advantaged ultra-deepwater rigs. Benign ultra-deepwater rigs have averaged US$420,000/day in the first half of 2023, with utilization at 90%.

Not just Ultradeep / harsh environment rigs are looking at high rates: