The global market of offshore drilling rigs is growing rapidly due to increased oil & gas exploration activities around the world. Recent discoveries of offshore energy reserves in regions have triggered the growth in the offshore drilling rigs market. Offshore drilling rigs systems are implemented to maximize oil and gas extraction. The existing supply and demand gap in the oil & gas sector has increased the need for efficient search and extraction of oil and gas. Additionally, a renewed interest in shale gas extraction has also driven the offshore drilling rigs market. The high demand for crude oil, along with the maturing of onshore oil and gas wells is driving the market for offshore drilling rigs.
The market has been analyzed based on the three segments, namely, types, operating depth, and end-use in the regions of North America, Europe, APAC and Rest of the World. On the basis of types, it includes drillships, jackup rigs, and semi-submersibles. Jackup rigs are offshore rigs typically equipped with legs that can be lowered to the seabed so that a foundation is established to support the drilling platform. Semi-submersibles and jackup dominate the global offshore drilling rigs market, owing to increasing shallow and deep water explorations. On the basis of operating depths, it includes shallow water, deep water and ultra-water. The shallow water activities dominate offshore market and is projected to grow at a high growth rate in the near future. On the other hand, the deep water and ultra-deep water activities are also projected to increase, escalating the requirement for semisubmersibles and drill ships in offshore application.
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Industry Top Key players:-
We recognize the key players in the global offshore drilling rigs market as Aban Offshore Limited, China Oilfield Services Ltd, Ensco plc, Diamond Offshore Drilling Inc., Vantage Drilling Co., Pacific Drilling, KCA Deutag, Maersk Drilling, Nabors Industries Ltd, Nobel Corporation and others.
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This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global offshore drilling rigs market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
The offshore drilling rigs market is segments on the basis of type, operating depth, and region. On the basis of type the market is classified as drillship, jackup rigs, and semi-submersible rigs. Amongst these, semisubmersible segments holds the largest market share due to its capability of withstanding the harshest conditions and ultra-deepwater at the depth of more than 3000 km based on operating depth, the offshore drilling rigs market is segmented into three segments, which are shallow water, deep water, and ultra-deepwater. Ultra-deepwater segment is dominating the market position due to increasing discoveries from ultra-deepwater.
The demand for offshore drilling rigs in the Asia Pacific region is expected to rise the demand for growing exploration activities in Southeast Asia. Latin America is leading the market of offshore drilling rigs due to equipped with increased cargo capacity and enhanced crew amenities and automation system. Offshore drilling rigs are used for drilling and exploration activities in the offshore arena. The market is also expected to gain traction from the rising investments in oil and gas activities. Moreover, growth of the offshore drilling rigs market is propelled by factors such as growing offshore activities in the harsh environmental conditions of North Sea and depleting oil and gas reserves in the U.S. Growing demand for deep-water activities in the Asia-Pacific region and further drilling into mid ocean are driving the demand for jackup rigs in the region. The increase in the number of investments from operators, especially for deep and ultra-deep water activities, fuels the growth of the offshore drilling rigs market.
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Major Points of TOC:-
Table Of Contents
1 Executive Summary
2 Research Methodology
3 Market Dynamics
4 Global Offshore Drilling Rigs Market, By Type
5 Global Offshore Drilling Rigs Market, By Operating Depth
6 Regional Market Analysis
7 Competitive Analysis
LIST OF TABLES
LIST OF FIGURES
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