Offshore Drilling Rigs Market : Industry Analysis, Future Growth, Business Prospects and Global Forecast to 2022

Global Offshore Drilling Rigs Market, By Type (drillships, jackup rigs, semi-submersibles) By Operating Depth (shallow water, deep water, ultra water) and Regions- Forecast 2016-2022.

Market Highlights

Offshore drilling rigs are an important part for drilling underneath seabed. These drilling methods are used in order to extract natural resources such as oil and gas from the earth. While extracting oil from below the surface of the ocean used to be much more difficult than the traditional onshore drilling method of making wells on land and drilling holes, offshore drilling has become easier through the innovative methods that have surfaced such as making either floating or fixed platforms on the bed of the ocean to support drilling.

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.

Latin America dominates the offshore drilling rigs market. The scope of the offshore drilling rigs market has widened over many years owing to the flourishing markets of APAC region .The global offshore drilling rigs market is expected to reach significant growth by the end of the forecast period.

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Key Players

The major player operating in the market of offshore drilling rigs are

  • 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
  • others.

Offshore Drilling Rigs Global Market   – Competitive Analysis Characterized by the presence of several well-established and small players, the global Market of  Offshore Drilling Rigs appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. These key players compete based upon pricing, Technology and services. Vendors operating in the Offshore Drilling Rigs Market strive to deliver the best quality products and services based on innovative technologies, and best practices. These Key Players make a substantial investment for R&D and to secure a guaranteed resource for the customers. They compete based on pricing, servicing and technology enhanced solutions. Offshore Drilling Rigs market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further.

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Jackup rigs will be the largest market

The recent discoveries of new oil & gas reserves combined with growing technological advancements in terms of equipment have made offshore drilling operations more feasible and cost-effective. The jackup rig operations have become cost effective because of the recent technological advancements in the equipment operations. The growth of the jackup rigs market is majorly driven by increased oil & gas exploration activities around the world. The rapid population growth and the increase in demand for energy in the region is expected to drive the growth of the jackup rigs market over the forecast period

Table of Content

 1    Executive Summary

2    Research Methodology
2.1   Scope Of The Study
2.1.1     Definition
2.1.2     Research Objective
2.1.3     Assumptions
2.1.4     Limitations
2.2   Research Process
2.2.1     Primary Research
2.2.2     Secondary Research
2.3   Market Size Estimation
2.4   Forecast Model

3    Market Dynamics
3.1   Market Drivers
3.2   Market Inhibitors
3.3   Supply/Value Chain Analysis 
3.4   Porter’s Five Forces Analysis

4    Global Offshore Drilling Rigs Market, By Type
4.1   Introduction
4.2   Drillships
4.3   Jackup Rigs
4.4   Semi-Submersibles
5    Global Offshore Drilling Rigs Market, By Operating Depth


List Of Tables

Table 1    Global Offshore Drilling Rigs Market, By Type
Table 2    Global Offshore Drilling Rigs Market, By Operating Depth
Table 3     Global Offshore Drilling Rigs Market, By Regions
Table 4     North America Offshore Drilling Rigs Market, By Type
Table 5    North America Offshore Drilling Rigs Market, By Operating Depth
Table 6    U.S. Offshore Drilling Rigs Market, By Type
Table 7    U.S. Offshore Drilling Rigs Market, By Operating Depth
Table 8    Canada Offshore Drilling Rigs Market, By Type
Table 9    Canada Offshore Drilling Rigs Market, By Operating Depth
Table 10    Europe Offshore Drilling Rigs Market, By Type


List Of Figures

Figure 1    Research Methodology
Figure 2    Global Offshore Drilling Rigs Market: By Type (%)
Figure 3    Global Offshore Drilling Rigs Market: By Operating Depth (%)
Figure 4    Global Offshore Drilling Rigs Market: By Region 
Figure 5    North America Offshore Drilling Rigs Market, By Type (%)


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