The global rig market has been severely shaken by the oil price crash. However, the offshore Middle East market, which is dominated by jack-up rigs, has remained active. National oil companies (NOCs) drive drilling activity, and they have continued their production growth strategies throughout the price slump. As such, marketed jack-up utilisation stands at 74%, compared to the rest of the world at 55%. Many rig contractors are moving assets into the region in search of work.