As of March 14, 2025, the total supply of offshore rigs in South America was 48 units, of which the amount of marketed and contracted rigs was 44. 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 100 percent, the highest offshore rig utilization rate of any region worldwide.
Monthly number of offshore oil and gas rigs in South America from May 2021 to March 2025, by contract type
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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IHS Markit. (March 17, 2025). Monthly number of offshore oil and gas rigs in South America from May 2021 to March 2025, by contract type [Graph]. In Statista. Retrieved April 20, 2025, from https://www.statista.com/statistics/1118235/south-america-offshore-oil-rig-count-contract-type/
IHS Markit. "Monthly number of offshore oil and gas rigs in South America from May 2021 to March 2025, by contract type." Chart. March 17, 2025. Statista. Accessed April 20, 2025. https://www.statista.com/statistics/1118235/south-america-offshore-oil-rig-count-contract-type/
IHS Markit. (2025). Monthly number of offshore oil and gas rigs in South America from May 2021 to March 2025, by contract type. Statista. Statista Inc.. Accessed: April 20, 2025. https://www.statista.com/statistics/1118235/south-america-offshore-oil-rig-count-contract-type/
IHS Markit. "Monthly Number of Offshore Oil and Gas Rigs in South America from May 2021 to March 2025, by Contract Type." Statista, Statista Inc., 17 Mar 2025, https://www.statista.com/statistics/1118235/south-america-offshore-oil-rig-count-contract-type/
IHS Markit, Monthly number of offshore oil and gas rigs in South America from May 2021 to March 2025, by contract type Statista, https://www.statista.com/statistics/1118235/south-america-offshore-oil-rig-count-contract-type/ (last visited April 20, 2025)
Monthly number of offshore oil and gas rigs in South America from May 2021 to March 2025, by contract type [Graph], IHS Markit, March 17, 2025. [Online]. Available: https://www.statista.com/statistics/1118235/south-america-offshore-oil-rig-count-contract-type/
