Using Bassoe Analytics
Bassoe Analytics is an open source and collaborative offshore rig database and analysis platform. Here's what you can do with it.
On Bassoe Analytics, you'll find a wide range of commercial data, technical data, valuation data (from our Rig Valuation Tool), and graphing tools.
Bassoe Analytics contains continuously updated information including:
- Rig dayrates and recent fixtures
- Rig status and counts by type, region, country, manager, operator, etc.
- Contract status and backlog
- Rig values
- Recent sales (including scrapping)
- Rig technical specifications and contract data
While we hope you've already discovered many of the features on Bassoe Analytics, we've developed this FAQ list and user guide to help make sure you get the most out of the system.
1) Bassoe Analytics is a collaborative database. So how do you ensure data quality?
Bassoe Analytics' collaborative features make it unique. While all users can contribute data, Bassoe Analytics, along with Bassoe Offshore's brokerage team, manages the core data. Updates made to the data are not activated until the data updates are verified and approved by us. The fact that we encourage real-world industry engagement, but also monitor it, ensures that data is always updated and consistent.
2) Why is Bassoe Analytics free to use?
We want to create more transparency and provide better insight in the offshore rig market by aggregating offshore rig data to anyone who's looking for it. We think this will benefit the industry, and that's why Bassoe Analytics is free.
Bassoe Offshore does provide custom market research and reports for users who would like more detailed regional- or sector-specific reports. If you are interested in a custom report, please contact us.
3) How do I access Bassoe Analytics?
You can log in or sign up for access to Bassoe Analytics here: https://www.bassoe.no/analytics/ And make sure to download our mobile app here.
If you're a new user, click on the Subscribe link to sign up and access the site instantly.
If you're already a user of our Rig Valuation Tool (RVT) or Transaction Database, you can use the same login credentials to access Bassoe Analytics by clicking on the Login link at the top right of the screen.
4) Editing your profile – change password, change username, upload avatar
Once you're logged in, you can edit your profile by clicking on your name in the top right corner of the screen. Once you're on your profile page, click on the Wrong or missing data? link to make edits to your profile.
5) The Bassoe Analytics dashboard
From your dashboard, you'll be able to see summary information from the database, access each graph and data table, and read latest news. To access the database, you can either click on the Database link at the top of the page or click on any of the graphs.
Most of the data tables connected to each graph are the same, but Latest Fixtures shows all active contracts in the system, and Rig Sales by Type and Latest Rig Sales are connected to the Transaction Database.
If you want to manipulate any of the graphs, click on the appropriate graph and filter the data.
6) Using the data tables
You can add and remove columns, change column width, freeze columns, and filter and sort columns in all of the data tables. If you are using a data table connected to a graph, the graph will update automatically as you filter and sort the data.
Add/remove columns by clicking on the Add/Remove column link above the data table:
In the popup window, you can select/deselect columns by clicking on them. And if you click and hold on the three lines next to each column name, you can drag the columns up or down to change their order in the data table.
Search and filter columns by using the boxes under the column names.
Columns can be sorted or hidden by clicking on each column name.
Columns can be frozen (for horizontal scrolling) by double clicking the grey separator link between each column. It will then become green, indicating the column where the pane is frozen.
7) Saving filters and graphs
Once you select columns, arrange your columns, and filter your data, you might want to have these selections available for future use (so you don't have to set your preferences up again). To do this, click on the Save Graph button under your username at the top right of the screen. This will save the graph and the data table set up. Note that you can clear all filters by clicking on the Filters button next to the Add/Remove columns button. Filters can also be cleared individually from each column filter field.
When you click on „Save Graph“ you will be prompted to give a name for the Analysis so it can be stored in the My Graphs link at the top of the page. Here, we've filtered for semisubmersible rigs built between 2000–2014 and which are currently in South America.
First, we set up columns and choose filters.
Then we click on the Save Graph link and name the analysis.
Once it's saved, you'll be able to access this analysis in My Graphs.
8) Exporting graphs as images
You can export any of the graphs as images by clicking on the Export link at the top right of the graph. Here we've filtered the Utilization graph to show jackups in Norway.
The graph will then be exported as an image file.
9) Viewing rig and contract details
You can access the specifications for any rig by clicking on the rig name from any of the data tables (and then clicking on the Rig Details button) or by using the quick search box at the top of the dashboard.
Once you're on the rig details page, you'll find additional data along with images and files (if they've been uploaded).
You can also click on the Contract detail link on the left side of the screen to view contract details for a rig.
10) Editing contracts
If you see contract details that you think need to be updated, you can edit data in current contracts by going into the contract details for the relevant contract. To do this, click on the Country name for that contract.
Here, we've clicked on the contract in Norway and are on the contract details page for that contract.
You can edit this data by clicking on the Wrong or missing data? link at the top right of the page. Here, we are changing the start date of the contract.
Once you've made an edit, click the Save information button. Bassoe Analytics will then review your edits and either approve or reject them.
11) Adding new contracts
If you would like to add a new contract for a rig which doesn't already exist in the system, click on the New contract link on the left side of the page. Once you have entered the details, click on the Add new contract button at the top right of the page. Bassoe Analytics will then review the new contract information and either approve or reject it.
12) Editing rig specifications
From the rig details page, you can edit rig specifications, add images, and add files. Just click on the Wrong or missing data? link at the top right of the page to enter edit mode.
Once you've clicked on the Wrong or missing data? link, you can edit the relevant fields. You can also upload images and files by clicking the Add more pictures or Add more images links on the right side of the page.
Once you've finished editing, click on the Save information button at the top right of the page. Bassoe Analytics will then review the data updates and either approve or reject them.
13) Contract and backlog overview
To see contract status for multiple rigs, click on the timeline chart on the dashboard.
Inside this page, you can sort the data table to show the rigs you are interested in. In this case, we've filtered for jackups with SUT (Norway-compliant) by filtering the Operating Area column for Norway(SUT). If your list is long, click on the Expand Graph button at the bottom of the timeline to expand the area of the contract overview timeline.
The contract overview can also be exported as an image just like any of the other graphs. When exporting the contract overview, all rigs filtered for will be exported (this may be more than you see inside the timeline area).
14) Rig values
Offshore drilling rig values generated by our Rig Valuation Tool (RVT) are integrated into Bassoe Analytics and can be found in most of the data tables. Note that rig values are shown for delivered rigs only.
Here, we've filtered the Country column in the Rig Status by Type table to show all rigs in Norway and have sorted values from highest to lowest.
15) Rig status definitions
Bassoe Analytics uses five rig status definitions: Drilling; Warm/hot stacked; Cold stacked; Undergoing repair/SPS; and Under construction. Although status is sometimes subjective, Bassoe Analytics' status definitions simplify this for practical reasons.
Status is defined as follows:
Drilling – the rig has an active drilling contract (the contract has started).
Warm/hot stacked – the rig is ready or substantially ready to return to drilling operations.
Cold stacked - the rig is in a state which requires reactivation before returning to drilling operations (includes rigs which are “smart stacked” or in some state of preservation). Note that cold stacked rigs can still be marked as competitive in the database if they are actively being marketed.
Undergoing repair/SPS – the rig is undergoing significant reactivation, modification, or class survey activities.
Under construction – the rig is not yet delivered from the shipyard to the owner (this includes rigs which may be complete and ready for delivery, but have not been formally delivered or are stranded and controlled by the shipyard).
16) Other features
This guide gives an overview of Bassoe Analytics' basic features, but there's a lot more you can do with the platform. If you have any questions which aren't covered here, please let us know.
You can also check out our short video here.