U.S. GOM share of global active offshore rigs decline since 2000

2015年09月23日 投资美国石油俱乐部



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Source: U.S. Energy Information Administration, based on Baker HughesInc.

Note: GOM is Gulf of Mexico.


In response to the decline in crude oil prices since mid-2014, thenumber of active offshore rigs has declined worldwide, dropping close to20%—304 offshore rigs were operating in August 2015, down from 377 in August2014. During this period, the number of active offshore rigs in the U.S. Gulfof Mexico (GOM) dropped more rapidly, falling by 46%. Over the past 15 years,the U.S. GOM's share of active offshore rigs worldwide has declinedsignificantly—from almost half of all active offshore rigs worldwide in 2000 toless than 20% since 2008.


In the U.S. GOM, technology advancements accelerated the development ofthe deepwater (areas where the water depth is greater than 1,000 feet). Themove to deeper waters prompted the departure of rigs operating in the shallowwaters of the U.S. GOM. Natural gas prospects in the U.S. GOM have also becomeless profitable, as the largely shale-driven increase in onshore natural gassupply contributed to decreases in U.S. natural gas prices. The number ofactive offshore rigs in the U.S. GOM declined from 122 in January 2000 to 41 inJanuary 2010, before falling to 19 in June 2010 following the Deepwater Horizonoffshore explosion and blowout. The U.S. GOM active offshore rig countrecovered to 57 by December 2014, and currently the number is 33.


From 2000 to 2006, the share of active rigs operating offshore in AsiaPacific, the Middle East, and Latin America grew significantly. That shareremained steady over the past decade. The expansion of offshore drilling inIndia and China largely accounted for the growth in offshore rigs in the AsiaPacific region. During the early 2000s, Qatar and Iran accounted for much ofthe growth in active offshore rigs in the Middle East, with Saudi Arabiaaccounting for a large portion of the regional growth since 2006. Mexico accountedfor the growth in active offshore rigs in Latin America in the early 2000s, asnational oil company Pemex increased its offshore activity to arrest decliningproduction from aging fields. Since 2006, Brazil has been responsible for muchof Latin America's growth.


Most of the more recent growth in active offshore rigs outside theUnited States has occurred in Africa. Angola and Nigeria account for much ofthe growth in the region after 2010. Angola has more than 10 offshore oilprojects expected to come online within the next five years. Nigeria's offshoreactivities have been focusing on the deepwater and ultra-deepwater; at leastthree deepwater projects are in development and are projected to come onlinewithin the next five years.

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