Rig Valuation Assessment

Rig Valuation Assessment The international standard for valuation of drilling rigs and related equipment is always recognized as being Its fair market value, but to determine an accurate valuation with the appropriate allowance provided for depreciation and obsolescence where necessary and an appraisal of current markets and demand, professional assessors must objectively review each drilling rig individually The OCS group has extensive experience in providing independent, objective asset valuations using recognized methodologies, which include fair market value, replacement cost, insurance and scrap value. In today complex and changing Global markets, OCS group understands what it takes to provide an accurate market valuation, as our professional team of experienced and knowledgeable personnel always ensures OCS group has an up to date and in-depth worldwide knowledge of today drilling rig market(s).

Insurance Audits Oil and gas insurance is a specialist area of cover because of the potentially hazardous nature of the work and the remote regions involved, OCS Groups’ reputation is built upon providing our clients with expert knowledge and high-quality ‘incident’ reporting and auditing services, while also developing genuine and amicable relationships with them by providing specialist resources and personnel. For our offshore insurance clients, this means not just highly qualified lead Surveyors, but also a genuinely global reach and a long term service commitment.