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Marketed utilization rate of offshore rigs worldwide in selected months from 2021 to 2025, by region

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Source

Release date

August 2025

Region

Worldwide

Survey time period

2021 to 2025

Special properties

May 13, 2021; August 12, 2021; November 12, 2021; February 11, 2022; May 13, 2022; August 12, 2022; November 23, 2022; February 17, 2023; May 11, 2023; August 25, 2023; November 17, 2023; February 16, 2023; May 17, 2024; August 16, 2024; November 22, 2024; February 14, 2025; May 16, 2025; August 15, 2025

Citation formats

Global offshore rig utilization rate by region 2021-2025

Published by
Doris Dokua Sasu,
Aug 18, 2025

South America had the highest marketed utilization rate of offshore oil and gas rigs in the week of August 15, 2025. *** percent of the total marketed rig fleet in South America were contracted. This compared to an average worldwide marketed utilization rate of ** percent. Most regions reported a decrease in rig utilization throughout 2024 and 2025. Utilization rate is calculated by dividing the number of rigs contracted with the total marketed rig fleet, which includes stacked rigs and those under construction in each region. The total supply of global offshore oil rigs numbered *** units that same month.

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