Rig Fleet
Our rig fleet, as of September 30, 2012, consisted of 41 rigs, of which 33 rigs were used exclusively for
drilling purposes and 8 rigs were used principally for workover purposes. As of September 30, 2012, we had 37 available rigs (25 of which were contracted), as compared with 37 available rigs (26 of which were contracted) as of June 30, 2012, 36 available rigs (33 of which were contracted) as of March 31, 2012, and 36 available rigs (32 of which were contracted) as of December 31, 2011.
In the normal course of our business, we experience fluctuations in the number of available rigs contracted at any given time due to the short-term nature of many of our contracts. After September 30, 2012, we entered into two contracts for rigs operating in Colombia that were not contracted as of September 30, 2012. As of November 15, 2012, 27 of our 37 available rigs were contracted. Management is actively seeking opportunities to redeploy the remaining available rigs.