Petrodata November Dayrates and Utilization Charts

Per the graphic, drillship contracted utilization is about 86%. Of the roughly 14% that is not, this is what I see as the makeup of the 14%. There are, by my count, 11 fully equipped, cold-stacked drilldhips, 8 of which are owned by Transocean. There are 3, stacked drillships owned by shipyards as "stranded" rigs. The remainder are between 3 and 5 ships that are hot or warm-stacked without contracts. Transocean's 6th generation Inspiration is one such rig. Although Transocean's Invictus is currently idle, it's uncertain it's status with Petrodata but most likely is listed as uncontracted. With Invictus, Transocean signed a contract for it to work in the Mexican GOM but that contract doesn't begin until 2025 and Transocean reserved the option to assign any of 3 drillships to that project. Industrywide, stranded drillships that have been purchased and are being finished pursuant to an upcoming contract are not listed as unutiluzed by petrodata. Transocean's Aquila was a stranded ship purchased in late 2022 but became "utilized" once it's upcoming contract with Petrobras became effective ahead of its launch.