$11 billion offshore investment-III: ROV rates are expected to stay flat
Jun 26: For reference purposes, the website also carries here projections of the offshore ROV market going up to the year 2021. 8ROV day rates were at their peak in 2014, at around $ 10,000, but fell sharply ever since 8Fleet utilization levels have also plunged. 8There is now a projection that price levels are going to remain flat or depressed going ahead for some time to come. 8Quarter wise floating rig demand is also captured here along with the requirement of ROVs. 8The ROV utilization mix, between drilling support and ROV utilization is also tabulated. Click on Reports for more.