RigCube can be used to analyze the global rig demand. Understand which countries will have highest demand for offshore rigs over the coming years, and which operators will represent that demand. Identify at which water depths, which operational environments and in which segments demand will grow going forward.
RigCube can be used to understand how the rig market is affected by different oil price scenarios. Dig down to each specific project to look at the rig demand for this project and the breakeven price. Remove projects with high breakeven prices to see downside in a low oil price scenario.
RigCube can be used to analyze latest contract awards, tenders, market share and operator-supplier relationships. List each single contract and see when it was awarded, timing and the dayrate etc.
RigCube can be used to analyze the supply of rigs on a monthly, quarterly or yearly basis. You can use the tool to analyze rig owner fleet development or to analyze newbuild construction and retirement trends. The tool can also be used for rig selection - to inspect equipment specs, availability and rate development in certain regions for selected rig types. Every rig is ranked with a static rig score.
Demand and supply can be measured on a single axis for 1:1 comparison. Both demand and supply side perspectives are built bottom-up from the individual projects (demand) and rigs and rig contracts (supply). Demand equals contracted supply historically.
RigCube is the first database that forecasts drilling demand long term. RigCube can be used to analyze rig demand as years, drilling days or wells project-by-project. Understand the demand for floaters and jackups for each individual project and extract details such as water depth, operator, field life cycle, project breakeven price, approval year, facility type and more.