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The average cost for offshore rigs can be as much as 15 to 20 times greater than the average cost for land rigs. The least-expensive offshore rigs typically cost nearly $200 million.The average price for offshore oil-drilling rigs is approximately $650 million.The Brazilian energy company Petrobas, in a plan to replace leased U.S. and European rigs with its own fleet of offshore floating rigs, recently began producing offshore rigs estimated to cost up to $900 million each.he average cost for offshore rigs can be as much as 15 to 20 times greater than the average cost for land rigs. The least-expensive offshore rigs typically cost nearly $200 million.
[Native Advertisement]. Falling oil prices are affecting the drilling rig market in multiple ways. The cost of drilling rigs is expected to fall approximately 40 percent over the next year, Managing Director of Karoon Gas Australia Ltd.Robert Hosking told Bloomberg. A rig that cost upwards of $400,000 per day to rent may only cost $250,000 per day later this year.Why the fall? The decline in oil rig rental prices is a result of the oil and gas exploration market adjusting to lower oil prices and reduced spending on exploration and production projects.Native Advertisement]. Falling oil prices are affecting the drilling rig market in multiple ways. The cost of drilling rigs is expected to fall approximately 40 percent over the next year, Managing Director of Karoon Gas Australia Ltd.