Up, Down or Flat? A Forecast of Deepwater Rig Demand Through 2020

A private equity firm involved in acquisitions and divestitures of oil and gas assets asked Independent Project Analysis (IPA) to complete an outlook of deepwater rig demand for the next five years. IPA provided an overview of the rigs currently under contract, the number of deepwater opportunities that are expected to be developed in five of the main basins for deepwater projects (U.S. Gulf of Mexico, Brazil, South East Asia & Oceania, North Sea, and West Africa), and the number of rigs expected to be required to meet demand based on forecast project activity and break-even analysis under different oil price scenarios. With a demand forecast combined with supply, oil companies and rig operators can get a complete picture of the market.

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