An Empirical Analysis of Dayrates in the Global Offshore Rig Market

摘要

1.Objective:1.1 What are the determinants of dayrates in the offshore rig market?1.2 What is the relationship between mobility (intra- or inter-regional rig moves) and dayrates?2. Scope:2.1 Global data for primary MODU market: Jackups, drillships and semi-submersible floating rigs2.2 Monthly data from Jan 2000 to Dec 2013 (Source: Riglogix)3.Directly related literature (microeconomic analysis):3.1 Osmundsen et al (2012). Understanding rig rates, Statistics Norway, discussion paper #6963.2 Kaiser, M. J. &Snyder, B.F. (2013a). The Offshore Drilling Industry and Rig Construction in the Gulf of Mexico.Springer.3.3 Both take a regional view of the MODU market.