Report Code: A12077 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Offshore Drilling Rigs Market
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Offshore drilling rigs is the essential part of drilling below the seabed. This drilling method is used to extract natural sources of gas and oil from earth. Offshore drilling rigs are basically divided into three types that is jack-up rigs, semi-submersible rigs and drill ship. These drilling rings are used in shallow water, deep water and ultra-deep water. In shallow water jack-up rigs are used, semi-submersible rigs are used in deep water and in ultra-deep water drill ships are used in the offshore area. Offshore drilling rigs provides facilities to extract, store and process petroleum and natural gas.
Jack-up rigs are offshore rigs which are equipped with legs which can be lowered to the seabed such that the foundation is established highest to support the drilling platform. Semi-submersible is the type of offshore rigs which are submerged by water ballast system in such a way that at the time of drilling operation, the lower hull portion is below the water surface. Drillship is generally self-propelled and are conventional ships shape. These ships can be operated in a moored configuration.
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available for Years | 2020–2030 |
Base Year Considered | 2020 |
Forecast Period | 2021–2030 |
Forecast Unit | Value (USD) |
Segments Covered | Type, Water Depth and Region |
Regions Covered | Europe, North America, Asia-Pacific, LAMEA. |
Companies Covered | Halliburton, Schlumberger, Weatherford International Inc, Seadrill, and Aban Offshore Limited, China Oilfield Services Ltd., Ensco plc, Diamond Offshore Drilling Inc., Vantage Drilling Co., Pacific Drilling, KCA Deutag, Maersk Drilling, and Nabors Industries Ltd, Nobel Corporation |
COVID-19 Impact analysis
Top Impacting Factors
The demand for crude oil is increasing which drives the growth of offshore rigs market. Also, the maturing of onshore oil and gas wells will boost the demand for offshore drilling rigs market. The offshore discoveries are boosting the growth of the market. For deep and ultra-deep-water activities the investment from the operator is increasing and is driving the growth of offshore drilling rigs market. However, the volatility in crude oil can restrain the growth of offshore drilling rigs market.
The increasing demand for crude oil is driving the growth of offshore drilling rigs market. The maturing of onshore oil and gas wells will boost the demand of the market. The discoveries related to offshore are boosting the growth of market. The investment from the operator is increasing for deep and ultra-deep-water activities and is driving the growth of the offshore drilling rigs market. The instability in crude oil can restrain the growth of offshore drilling rigs market.
Market Trends
Key Segments Covered
Segment | Sub-segment |
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Water Depth |
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Region | • Asia-Pacific o China o India o Japan o South Korea o Rest of Asia-Pacific • North America o United States o Canada o Mexico • Europe o Germany o United Kingdom o France o Italy o Rest of Europe • South America o Brazil o Argentina o Rest of South America • Middle-East and Africa o Saudi Arabia o South Africa o Rest of Middle-East and Africa |
Key Benefits of the Report
Offshore Drilling Rigs Market Report Highlights
Aspects | Details |
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By Type |
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By Water Depth |
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