Floating Drilling Rig Demand Simulator

Global Drilling Activity

Global drilling activity is hyper-sensitive to oil prices, especially at constant cost levels. This tool demonstrates the effect of changing prices over a wide spectrum from less than $30 to over $150 a barrel on the number of rigs active over the next two decades.

What Affects Rig Activity

Rig activity is also closely governed by the number and type of wells drilled for each slice of reserves recovered from the field. The balance between recovery of capital investment, much of which is spending on drilling, and the recovery of oil in the reservoir determines drilling intensity and thus demand.

What the Simulator Does

The simulator tool projects rig demand at the historical rate of change, at constant intensity and at progressively rising intensity that would accompany growing real value for oil and gas.

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