Marketed contracted reflects all marketed rigs that have a contract in place. This does not reflect the number of rigs actually working at any given time as some contracted rigs may be moving between locations, undergoing maintenance, waiting on weather, etc.
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Offshore rig count in South America by contract type 2021-2025
As of October 24, 2025, the total supply of offshore rigs in South America was ***units, of which the amount of marketed and contracted rigs was **. Marketed and contracted reflects all marketed rigs that have a contract in place, but it does not reflect the number of rigs actually working. The utilization rate in the region is generally *** percent, the highest offshore rig utilization rate of any region worldwide.
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S&P Global. (October 24, 2025). Monthly number of offshore oil and gas rigs in South America from May 2021 to October 2025, by contract type [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 27, 2026, from /statistics/1118235/south-america-offshore-oil-rig-count-contract-type/
S&P Global. "Monthly number of offshore oil and gas rigs in South America from May 2021 to October 2025, by contract type." Chart. October 24, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 27, 2026. /statistics/1118235/south-america-offshore-oil-rig-count-contract-type/
S&P Global. (2025). Monthly number of offshore oil and gas rigs in South America from May 2021 to October 2025, by contract type. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 27, 2026. /statistics/1118235/south-america-offshore-oil-rig-count-contract-type/
S&P Global. "Monthly Number of Offshore Oil and Gas Rigs in South America from May 2021 to October 2025, by Contract Type." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 24 Oct 2025, /statistics/1118235/south-america-offshore-oil-rig-count-contract-type/
S&P Global, Monthly number of offshore oil and gas rigs in South America from May 2021 to October 2025, by contract type ÌÇÐÄÆƽâ°æ, /statistics/1118235/south-america-offshore-oil-rig-count-contract-type/ (last visited July 27, 2026)
Monthly number of offshore oil and gas rigs in South America from May 2021 to October 2025, by contract type [Graph], S&P Global, October 24, 2025. [Online]. Available: /statistics/1118235/south-america-offshore-oil-rig-count-contract-type/
