October October Oversupply. Copyright Richard Slessor and licensed for reuse under this Creative Commons Licence

October 2012 October Oversupply Copyright Richard Slessor and licensed for reuse under this Creative Commons Licence 1 1

SEABREEZE OCTOBER 2012 October Oversupply In the North Sea, October was a month characterised by oversupply of both PSVs and AHTS flooding the spot market. PSV average rates were both down on the same period last year and last month. AHTS rates suffered even more, being heavily down on the same period last year and significantly down on last month. Rather than a reduction in demand, the overriding problem for shipowners proved to be a spot market choked with vessels: a heightening of the problem that has been prevalent for much of 2012. However, it is not all doom and gloom for shipowners: the oil price remains high, encouraging oil companies to proceed with developments, and indeed the UK s latest licensing round attracted the highest number of applications for one round. Drilling activity is expected to remain constant throughout the winter, and rig owners continue to order newbuild units in anticipation of sustained activity on a long-term basis. Emerald Shines For DOF The Skandi Emerald has been signed up for a 220 day & 30 days option charter with an international charterer. The NOK 36 million contract commenced in October 2012 and is for work in waters off Latin America. The 16,000 BHP 201 tons bollard pull anchor handler is owned by Aker DOF Deepwater AS. Electra For Centrica Olympic Shipping s 2011 built PSV Olympic Electra has commenced a 90 day firm with four week options contract for Centrica. It is supporting the Noble Julie Robertson jack up rig in UK waters. A Valiant Effort From OIS Offshore Installation Services Ltd ( OIS ) has announced confirmation that it will mobilise the Island Valiant (pictured C/O David Dodds) light construction vessel in early November for a well abandonment campaign in the Southern North Sea. This decommissioning campaign will involve three UKCS operators and a programme of 10 mudline wells. OIS has a strong track record of successfully performing the permanent abandonment of suspended wells having completed over 100 of these projects since 1996. The 2012 multi-operator campaign will consist of the intervention and cementation of Category 2 mudline wells followed by the abrasive severance of Category 1 mudline wells located in the Southern North Sea with OIS providing full offshore and onshore project management services. Seabrokers Group was established in 1982. We work in the areas of shipbroking, development and facility management of property, radar based sea tracking, man-free decks and Entrepreneur Services. Our head office is situated in Stavanger, but we also have offices in Bergen, Aberdeen, Rio de Janeiro and Singapore. Please visit www.seabrokers-group.com for more information. 2 Contents: Market Round-Up 2,4 Feature Vessel 3 Daily Availability -Rates & Utilisation North Sea 5 Newbuildings, Conversions, Sale & Purchase 6-9 Rig FPSO, Field and Oil company news. 10 Conundrum Corner, 11 Duty Phones Monthly Rates 12 The Seabreeze Monthly Market Report is distributed worldwide through our offices in Aberdeen, Stavanger, Singapore and Rio de Janeiro. Production and Administration: Seabrokers Ltd, Aberdeen For your free copy of Seabreeze, email: chartering@seabrokers.co.uk Seabrokers Group Forusbeen 78 4033 Stavanger Norway

DESIGN FEATURE: PAGE 3 STUNNA Page 3 Stunna... Far Solitaire This month s Page Three Stunna is the Far Solitaire. The UT 754 WP PSV design vessel was delivered by the STX Langsten shipyard in Norway and christened in Bergen this month. WP stands for wave piercing and it is through the design of the bow that the vessel can pierce through waves in extreme weather, maintaining a constant speed, reducing the fuel consumption and improving safety. This is also the first vessel being built to the IBC code / chemical tanker rules, allowing the vessel to load more than 800m3 of NLS products as type 2 chemicals on the IBC list. Other design features include DYNPOS AUTR, Clean Design notation, OILREC, ICE- C, LOA of 91.6m, large underdecks, methanol capacity, deck area of around 1020 m2 and accommodation for 25 persons. The Far Solitaire has now commenced a three month firm charter with Statoil, working in the Norwegian North Sea. Photo c/o Harald M Valderhaug DEPARTURES & ARRIVALS October Arrivals - North Sea Spot * (see also Page 7 Newbuilds Table) Balder Viking Bourbon Clear Viking Nereus Vestland Mira Departures - North Sea Spot* Toisa Invincible Bourbon Front Maersk Puncher Mariner Sea Skandi Emerald Malaviya Twenty TBA Ex Greenland Ex S Africa Ex Layup Newbuild Cyprus Technip Term Noble Eq Guinea Term Sold. Nigeria S America term Italy Dalby Offshore Term * Vessels arriving or departing North Sea term market for North Sea spot market are not included here. 3 3

MARKET ROUNDUP Dalby Decision Great Offshore PSV Malaviya 20 has been fixed by Dalby Offshore for a three month firm plus options contract. The 2004 built Indian flagged vessel left the North Sea last month and arrived in Italian waters around the middle of October. Technip Front Up Bourbon Offshore PSV Bourbon Front has been contracted for 60 days firm plus options by Technip in Cyprus. The Ulstein PX 105 design vessel commenced the Mediterranean job in October. The DP 2 diesel electric Clean Design Bourbon Front with the Ulstein X Bow is pictured here c/o Oyvind Haaland. Strider Is The Premier Choice In UK waters, Premier Oil has contracted the Farstad Shipping VS 483 Far Strider for a two well programme, supporting the semi WilPhoenix. The contract has already commenced so this will likely keep the Kvaerner Govan Glasgow built PSV busy throughout the rest of the year. Winner Takes Its All AGR Norway has secured the UT 722 Strilborg for a 90 day, one well programme supporting the semi-submersible Transocean Winner. Commencement of the contract is in May next year but before then the DP 2 field support / rescue vessel will continue to work for Conocophillips Norway until the end of this year. Mermaid To Make Splash For Santos Santos Limited has awarded a contract to Mermaid Marine Australia Limited for the 2007 built Mermaid Ranger AHT. The unit will provide marine support to Santos Modec Venture 11 FPSO in the Carnarvon Basin under a two year firm period with three x twelve month options. Santos FPSO services the Mutineer-Exeter fields and will also work on the Fletcher Finucane development in the future via a three well subsea tie back. This project should extend the economic life of the Mutineer-Exeter fields by up to four years. The A$15 million Mermaid Ranger contract commences in March 2013. 2 4

DAILY AVAILABILITY - RATES & UTILISATION NORTH SEA North Sea Vessel Availability 32 30 28 26 24 22 20 18 16 14 12 10 8 6 4 2 October AHTS 2011 PSV 2011 AHTS 2012 PSV 2012 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 RATES & UTILISATION North Sea Spot Average Utilisation October 2012 Type Oct 2012 Sept 2012 Aug 2012 July 2012 June 2012 May 2012 Med PSV 82% 89% 59% 79% 75% 72% Large PSV 79% 90% 72% 81% 85% 85% Med AHTS 55% 67% 68% 86% 67% 69% Large AHTS 61% 81% 60% 70% 65% 59% North Sea Average Rates October 2012 North Sea Day Rate Levels - Spot Market Oct 2012 Category Average Rate Oct 2012 Average Rate Oct 2011 % Change Category Minimum Maximum All Cargo Runs 11,671 12,857-9.2% All Cargo Runs 6,500 17,000 Cargo Runs PSV s up to 800M 2 10,479 11,126-5.8% Cargo Runs PSV s up to 800M 2 6,300 15,500 Cargo Runs PSV s over 800M 2 12,158 14,734-17.5% Cargo Runs PSV s over 800M 2 6,500 17,000 CNS/NNS/WoS Rig Moves 22,236 33,188-33.0% Rig Moves Excluding Southern Sector 7,500 53,800 3 5

NEWBUILDINGS, CONVERSIONS, SALE & PURCHASE Tiger On The Prowl For Opielok This month Opielok Offshore Carriers welcomed the newbuild PSV OOC Tiger to their fleet. Details of the vessel include LOA of 79.31m, DP 2 notation, DNV Comfort Class 3, FIFI Class 1, 5570 BHP, 670m2 of deck area, good underdeck capacities and accommodation for 28. OOC Tiger is expected to be available in Singapore on the 5th November 2012. Sister vessel OOC Leopard is pictured here c/o Opielok. Brave Tern Swoops In Fred. Olsen Windcarrier has now received their wind farm installation vessel named Brave Tern. Lamprell shipyard in Dubai successfully delivered this self elevating GustoMSC NG-9000 design which has an LOA of 131.72m, accommodation for 80 people, deck area of circa 3,200m2, four 80m legs and an 800 tonne wrap around the leg crane at 24m outreach. Grand Canyon Volstad Maritime AS has now taken delivery of the ST 259 CD vessel Grand Canyon from the Bergen Group Fosen Yard. The ROV support vessel has been chartered to Helix Energy Solutions Group subsidiary Canyon Offshore. The DP 3 Grand Canyon is capable of launching five ROVs simultaneously and is equipped with a T1200 trenching unit used to bury power cables and production pipelines. Designed to provide a high capacity, stable working platform for lay, burial and general offshore construction work while still retaining a shallow draft the Grand Canyon will be able to work close to the coastline which is important for the offshore renewables market. Pic c/o Arne Svenning. Vestland s Vessel Havyard Leirvik shipyard has now delivered the Vestland Mira PSV to owner Vestland Offshore AS. Spec details include LOA of 86m, DYNPS AUTR and Clean Design notation, deadweight of 4,200 tonnes, methanol capacity and 900m2 of deck area. The Bahamas flagged Havyard 832L design started her first job with SGS just minutes after the naming ceremony was completed. Picture on right c/o Oyvind Haaland. 6 5

NEWBUILDINGS, CONVERSIONS, SALE & PURCHASE Two More Titans Petroleum Geo-Services ASA (PGS) has exercised its options to order another two Ramform Titan class vessel. These two additional vessels will be number three and four in the series built at Japan s Mitsubishi Heavy Industries Ltd yard. These seismic vessels enhance PGS position as a leader in 3D seismic acquisition, productivity and efficiency. They will have an upgraded GeoStreamer based seismic package in order to get the full benefits of the GeoStreamer towing efficiency in the High Density segment of the market. Some For Siem Siem Offshore has been busy this month with several announcements. They have declared options for two additional offshore subsea construction vessels to be built at STX Brattvaag. These OSCVs will be equipped with Launch and Recovery Systems for ROVs and will have a 250t active heave compensated crane. Delivery is scheduled for the second quarter of 2014. Siem Offshore has also signed for an Installation Support Vessel, along with an option for an additional vessel. The USD 55 million Ulstein SX 163 X-Bow design will have an LOA of 74m, diesel electric propulsion, accommodation for 60 persons and will have an active heave compensated gangway offshore transfer system for the safe transfer of personnel to fixed and floating structures. Siem plan to use the vessel for operations within the offshore renewable energy market as well as the offshore oil and gas market. Delivery is scheduled for March 2014 from the Norwegian Fjellstrand shipyard. Additionally, Siem has now confirmed an order with Hellesøy for a newbuild LNG PSV (pictured). This order has been pending since Siem announced that they had been awarded a 4 year + 4 year options contract from Total E & P Norge AS for the provision of a tailor-designed LNG PSV of the VS4411 design to support the Martin Linge field. The newbuilding will be delivered in the 3 rd quarter of 2014 and Seabrokers Chartering are pleased to be involved in this contract. The vessel will have an overall length of 89 meters, a beam of 19 meters and a maximum DWT of 5.500 tons. In addition the vessel will have a dual fuel system for the use of either LNG or Marine diesel oil, fire-fighting facilities, standby, Nofo class and a deck area of approximately 970 m2. Nova Is Super DOF s latest newbuild Skandi Nova is pictured here c/o Oyvind Haaland. The STX MRV 05 design is the first of three DOF vessels being constructed for a seven year term contract with Conocophillips for work in Norwegian waters. The STX OV Aukra built Skandi Nova commenced the charter in October 2012. The next two vessels will be the Skandi Hugen (due November 2012) and the Skandi Marøy (due December 2012). NEWBUILDS DELIVERED THIS MONTH (PREDOMINANTLY EUROPEAN) Vessel Type / Design Owner / Manager Commitment Vestland Mira Havyard 832L Vestland Offshore N Sea spot Far Solitaire UT 754 WP Farstad Statoil OOC Tiger PSV Opielok Singapore TBA Grand Canyon ST 259 CD Volstad Canyon term Skandi Nova STX MRV 05 DOF Conocophillips N VOS Atlas A Class AHTS Vroon Singapore TBA Serkeborg Icebreaker Support Wagenborg Caspian 7 7

NEWBUILDINGS, CONVERSIONS, SALE & PURCHASE Taurus Trials Olympic Shipping MT 6015 PSV newbuild Olympic Taurus will deliver and be christened on the 25th November 2012. However we are pleased to bring you advance pictures of the Kleven Maritime built vessel undergoing sea trials here. Seabreeze will bring you more details and pictures once she delivers. Photo c/o Olympic Shipping. Woo Hoo for Wuhu The Chinese Wuhu Xinlian shipyard has been successful in gaining a contract for two PSVs from Singapore based Pristine Offshore. No further details are known at this time. Atlas Emerges On the 25th October, Vroon Ofshore Services took delivery of their 59m A Class anchor handler VOS Atlas. This is the last of three vessels built for Vroon by Fujian South East Shipyard, China that have additional class ABS notation Oil Recovery Class 2. The DP-1 notation AHTS will be operated by Vroon Offshore Services Pte Ltd in Singapore. Seven Viking Sweeps In The IMR vessel Seven Viking was launched this month at Ulstein Verft in Norway. The SX 148 design vessel is coowned by Eidesvik Offshore and Subsea 7. It has a maximum speed of 16 knots, accommodation for 90 persons and will have a customised module handling system for the safe launch and retrieval of subsea modules weighing up to 70 tonnes. The vessel has commitments with Statoil including inspection, maintenance and repair of subsea infrastructure, scale treatment and RFO operations. S & P Sweep This month s Sale & Purchase highlights are noted below : Helix Energy Solutions Group has sold three pipelay vessels and related equipment in a US $ 252,750,000 deal. The Caesar, Express and Intrepid pipelay vessels have been sold to Coastal Trade Limited. Malaysian shipbuilder Nam Cheong Limited has agreed contracts for the sale of two PSVs to new clients in West Africa. Both of these DP 2, ABS class vessels are being built in subcontracted yards in China and are scheduled for delivery in the first quarter of 2013. The vessels have been sold for a total sum of USD 52.1 million. A Nigerian company has bought the UT 705L PSV Mariner Sea (pictured). The ex Secunda Marine vessel has now left the North Sea spot market. Further to our earlier announcement that the UT 755L FD Reliable had been sold to Tidewater, it has now been announced that the ex Fratelli D Amato owned vessel has been re-named Skipsey Tide. In late October Bumi Armada Herhad took delivery of the Armada Hibiscus (ex GSP Bigfoot 3) from Sam Jung Holdings. The 2009 built 300 man accommodation work barge will work for ENI Spa off the Republic of Congo in December 2012 for two years with options. 8 8

RIG, FPSO, FIELD AND OIL COMPANY Positive Point For Prosafe Prosafe has entered into a Letter of Intent for the construction of a semi-submersible accommodation rig at the Jurong Shipyard Pte Ltd in Singapore. It will be built to comply with Norwegian regulations and is expected to be ready for operations in 2015. The rig is a similar design to the Safe Boreas (pictured here) which is also under construction at Jurong. Prosafe also has options for a further two units at JSPL these options can be designed for either the Norwegian Continental Shelf or for other world wide areas. Next For STX STX Offshore & Shipbuild Company has received an order for the construction of a drillship for an unknown European client. The South Korean shipbuilding company expect to complete the vessel by the second half of 2015 under the US$ 700 million deal. The contract also includes an option to build four more drill deep water drillships. Technip & Heerema Join Forces Heerema Marine Contractors and Technip have signed a worldwide alliance agreement through which the two companies will combine their capabilities to meet the needs of their clients in the subsea ultra-deepwater market segment. The agreement is for five years. Ultra deep-water Rig Utilisation infield pipelines are forecast to grow at a yearly pace of more than fifteen per cent between 2012 and 2017. Location Oct 2012 Oct 2011 Oct 2007 Fram-tastic! Shell and Exxon Mobil have announced they are to proceed with the development of the Fram field in the North Sea. They expect to start producing 35,000 barrels oil equivalent from the field within the next three years and they also expect the field to produce for twenty to thirty years. Discovered back in 1969 and located 140 miles East of Aberdeen, the Fram field (detailed below c/o Shell) will add about 2% to UK oil and gas production. North Sea/Europe- Med Rig Type Average Rates US$ Semi Sub < 1,500 ft WD $267,000 Semi Sub > 1,500 ft WD $294,000 Semi Sub 4,000 ft + WD $414,000 Drill Ship 4,000 ft + WD $456,000 Jackup IC 300 ft WD $91,000 Jackup IC 300 ft + WD $152,000 Jackup MC 200 ft + WD $76,000 Inactive Rigs Northwest Europe 90.8% 88.0% 100% US Gulf 67.0% 56.0% 72.7% Name Type Status Location Sedco 712 SS Cold Stacked Cromarty Firth J.W. McLean SS Cold Stacked Cromarty Firth Ezion Exerter Ex Energy Exerter JU Idle Rotterdam GSP Britannia JU Idle Vlissingen 9 9

RIG, FPSO, FIELD AND OIL COMPANY NEWS Oil Price vs Rig Utilisation 100% $130 90% 88.0% 88.9% 90.7% 90.7% 90.7% $124.79 90.8% 90.8% 90.8% 90.8% 90.8% 90.8% 90.8% 90.8% $120.91 $120 $118.12 80% $108.60 $110.71 $107.65 $111.12 $111.31 $112.58 $113.31 $113.02 $110 70% $102.76 $100 60% 56.0% 58.6% 60.2% 61.9% 62.1% 63.7% 64.9% 64.9% $96.12 66.7% 65.8% 64.9% 66.1% 67.0% $90 50% $80 40% Oct 11 Nov 11 Dec 11 Jan 12 Feb 12 Mar 12 Apr 12 May 12 Jun 12 Jul 12 Aug 12 Sep 12 Oct 12 $70 Average Brent Crude US$ / Bbl European Rig Utilisation US Gulf Rig Utilisation FSU For Heidrun Samsung Heavy Industries has received a letter of intent from Statoil to build a new permanent floating storage unit for the Heidrun field, replacing an existing buoy loading system. It is expected to be on location in the Norwegian North Sea in the first half of 2015. The FSU will be built at Geoje Island, Republic of Korea and when complete will be permanently manned and have an expected design life of thirty years. The $230 million contract also includes options for two additional units. Cormorant East Feast Taqa Bratani had some good news for the North Sea this month with the announcement that they have discovered a new oil accumulation in excess of 65 feet at the Contender well, in the East of Shetland area. The find is close to the North Cormorant platform and is expected to contain between 10 million and 30 million barrels. The new field will be developed under the name Cormorant East. Songa, Seadrill & the Semi Songa Offshore SE and Seadrill have entered into a Heads of Agreement for the sale of the ultra deep-water semi-submersible Songa Eclipse (pictured here c/o Songa Offshore). The agreement is subject to various points, one being that Seadrill have been granted exclusivity up to the 15th November 2012 to carry out due diligence of all adequate issues related to the Songa Eclipse. If all goes ahead, potential closing and delivery of the rig to Seadrill is estimated to occur in December 2012. The rig is working on a long term contract with Total off Angola. 10 10

Shell s 4 x 10 Shell have term chartered four newbuild ultradeepwater drillships from Transocean. Delivery of the first drillship is expected in mid 2015 with the others following at six month intervals from the Daewoo yard at Okpo, South Korea. Each of the vessels has been contracted for ten years and will be able to drill to 40,000 feet, operating in up to 12,000 ft water depths. Dolphin Fixes For Five Dolphin Drilling has entered into a contract with Chevron North Sea to provide a newbuild Moss Martimie CS 60 E design semi-submersible rig under construction by Hyundai Heavy Industries. The rig will be named Bollsta Dolphin and begins the five year $1.064 billion contract in Q1 2015. New Employee For Norway We are pleased to announce that Raimon Austgard has joined the Seabrokers Chartering team in Stavanger, Norway as of the 15th of October. Raimon brings with him a wealth of operational experience, - he is a Master Mariner and has experience as a Navigation Officer / DPO on various large AHTS and PSVs in the North Sea. More recently, he was a Marine Surveyor on various projects in the North Sea and the Black Sea. This further strengthens our Chartering team in Norway and we are sure Raimon will be a valuable addition, helping to confirm our reputation as the shipbroker with a difference. Conundrum Corner Last month s teaser was as follows!: A tramp was walking down a train track when he saw a train speeding towards him. Of course he jumped off the track but before he jumped, he ran five metres towards the train. Why? The answer was that the tramp was either in a tunnel or on a bridge. The winner of last month s competition is : John Cunningham This month, our poser is as follows! : A bus driver was heading down a street in Aberdeen. He went right past a stop sign without stopping, he turned left where there was a 'no left turn' sign and he went the wrong way on a one-way street. Then he went on the right side of the road past a police car. Still - he didn't break any traffic laws. Why not? CONUNDRUM CORNER, DUTY PHONES The Seabreeze Archive For the current or archive copies of Seabreeze go to: http:// www.seabrokers.co.uk/ - see under Shipbroking / Market Reports. If you wish to Subscribe or Unsubscribe please contact : chartering@seabrokers.co.uk Seabrokers Office Contacts Seabrokers Limited - Aberdeen Seabrokers House, Prospect Road Arnhall Business Park, Westhill Aberdeenshire AB32 6FE, Scotland Duty Telephone ++44 1224 747744 (24 Hrs) Duty Mobile ++44 7802 304129 Internet www.seabrokers-group.com E-Mail chartering@seabrokers.co.uk Seabrokers Chartering AS - Stavanger Forusbeen 78-4033 Stavanger - Norway Duty Telephone ++47 51 815400 (24 Hrs) Internet www.seabrokers-group.com E-mail chartering@seabrokers.no Seabrokers Brasil Ltda - Rio de Janeiro Rua Lauro Muller no 116, Sala 1404, Edificio Rio Sul Center Cep: 22.290-160, Botafogo, RJ - Rio de Janeiro, Brazil Duty Telephone ++55 21 3505 4224 (24 Hrs) Internet www.seabrokers-group.com E-mail rio@seabrokers-group.com Seabrokers Pte Ltd - Singapore 165 B Telok Ayer Street, Singapore 068618 Telephone ++65 6224 6062 or 0951 Internet www.seabrokers-group.com E-mail chartering@seabrokers.sg Securalift AS - Stavanger Forusbeen 80-4033 Stavanger - Norway Telephone ++47 51 815400 Internet www.securalift.com Sea Surveillance AS - Bergen Lønningsflaten 28 5258 Blomsterdalen, Norway Telephone ++47 55 136500 Internet www.seabrokers-group.com Answers back to chartering@seabrokers.co.uk for a chance to win a bottle of wine. 11 11

NORTH SEA AVERAGE SPOT MONTHLY RATES 40,000 30,000 All Cargo Runs 20,000 10,000 - Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2011 4,101 5,814 8,871 10,705 12,771 20,450 17,940 15,823 19,222 15,427 12,337 9,820 2012 8,425 8,624 17,969 18,541 10,990 14,514 10,527 6,698 13,262 9,980 - - 25,000 20,000 PSVs < 800M2 15,000 10,000 5,000 - Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2011 3,536 5,412 8,465 10,355 10,923 19,838 16,574 13,828 16,894 13,023 10,870 8,448 2012 7,833 7,804 17,121 17,543 9,554 13,017 9,139 5,457 12,907 9,240 - - 30,000 20,000 PSVs > 800M2 10,000 - Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2011 7,639 6,396 9,514 11,330 16,813 20,208 20,309 19,922 19,834 17,263 12,735 9,704 2012 9,032 9,786 18,983 19,405 11,783 16,014 10,980 7,337 13,791 10,196 - - 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 - Rig Moves Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2011 6,826 10,187 15,347 23,803 17,260 40,000 30,356 44,280 39,295 71,964 20,967 22,655 2012 16,803 16,448 34,838 37,576 15,229 16,108 22,200 9,964 32,541 16,762 - - 35,000 30,000 Average Day Rates To Month (October 2012) 25,000 20,000 15,000 10,000 5,000 - All Cargo Runs PSV's <800M2 PSVs >800M2 Rig Moves 2011 12,857 11,126 14,734 33,188 2012 11,671 10,479 12,158 22,236 12 12