As of January 17, 2025, the total supply of offshore rigs in South America was 47 units, of which the amount of marketed and contracted rigs was 43. 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 January 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. (January 21, 2025). Monthly number of offshore oil and gas rigs in South America from May 2021 to January 2025, by contract type [Graph]. In Statista. Retrieved January 26, 2025, from https://www.statista.com/statistics/1118235/south-america-offshore-oil-rig-count-contract-type/?__sso_cookie_checker=failed
IHS Markit. "Monthly number of offshore oil and gas rigs in South America from May 2021 to January 2025, by contract type." Chart. January 21, 2025. Statista. Accessed January 26, 2025. https://www.statista.com/statistics/1118235/south-america-offshore-oil-rig-count-contract-type/?__sso_cookie_checker=failed
IHS Markit. (2025). Monthly number of offshore oil and gas rigs in South America from May 2021 to January 2025, by contract type. Statista. Statista Inc.. Accessed: January 26, 2025. https://www.statista.com/statistics/1118235/south-america-offshore-oil-rig-count-contract-type/?__sso_cookie_checker=failed
IHS Markit. "Monthly Number of Offshore Oil and Gas Rigs in South America from May 2021 to January 2025, by Contract Type." Statista, Statista Inc., 21 Jan 2025, https://www.statista.com/statistics/1118235/south-america-offshore-oil-rig-count-contract-type/?__sso_cookie_checker=failed
IHS Markit, Monthly number of offshore oil and gas rigs in South America from May 2021 to January 2025, by contract type Statista, https://www.statista.com/statistics/1118235/south-america-offshore-oil-rig-count-contract-type/?__sso_cookie_checker=failed (last visited January 26, 2025)
Monthly number of offshore oil and gas rigs in South America from May 2021 to January 2025, by contract type [Graph], IHS Markit, January 21, 2025. [Online]. Available: https://www.statista.com/statistics/1118235/south-america-offshore-oil-rig-count-contract-type/?__sso_cookie_checker=failed
