Rigzone™ Releases RigEdge™

HOUSTON, March 9, 2016 /PRNewswire/ -- Rigzone announced today the release of RigEdge, a solution for comparing, benchmarking, and conducting analysis of the global offshore competitive rig fleet. The cloud-based solution allows for high-quality analysis of the mobile rig fleet through a unique visual interface.

RigEdge provides users with an interactive global map of rigs currently working as well as access to a range of reports and charts. The power of RigEdge comes from the RigEdge Number (REN) – a dynamic number assigned to each rig that is calculated from a proprietary algorithm based on a series of rig features and characteristics. The REN provides an unbiased approach to competitive rig analysis to help businesses better evaluate the global rig fleet and to make objective, well-informed business decisions. 

Terry Childs, Director of Rigzone Data Services, said, "We're very excited to release RigEdge. By providing the industry with a tool to quickly and effectively compare rigs across the world, we are helping businesses save valuable time when planning their future projects. And as we all know, time is money in today's market."

Rigzone's Data Services suite of products (RigLogix, RigOutlook, and RigEdge) help oil and gas industry professionals improve strategic planning and decision-making for their respective companies. Introduced to the market in 2004, RigLogix is the industry's premier data service, providing subscribers with instant access to comprehensive offshore rig data going back to 2000. It contains information on contracts, day rates, rig locations, equipment and capabilities and is updated daily.

RigOutlook, produced by Rigzone's in-house analysis team, forecasts jackup and floating rig supply, demand and day rates and also provides context around the main drivers having an impact on the offshore drilling industry. With RigOutlook, clients will have full-access to Rigzone Data Services' team of analysts who can answer queries or offer additional insight on the commodity and drilling markets as well as the upstream oil & gas space. Rigzone Data Services' team of experienced analysts has been tracking the global offshore rig market since 1995, providing subscribers with a comprehensive understanding of the rig market and ensuring the data is of the highest quality.   

About Rigzone

Rigzone, a DHI Group, Inc. service, empowers the people that power the world by offering a complete suite of products and services for oil and gas professionals. We are the world's go-to online destination for oil and gas news, industry jobs, career enhancement resources, talent recruitment, brand marketing, and industry data.

With more than 3.6 million registered users, 2.1 million CV/Resumes showcasing experience in every sector of the industry, 1 million monthly website visitors, and thousands of industry customers, Rigzone offers unparalleled access to reach, engage and connect with oil and gas business decision-makers and professionals worldwide.

Contact Information

Media Contact
Jeff Duncan
+1.281.861.2023

SOURCE Rigzone