Offshore drilling rigs market Compeition By Manufacturers,Share, Size, From 2016-2021
Offshore Drilling Rigs -Market Competition by Manufacturers,Manufacturers Profiles/Analysis,Manufacturing Cost Analysis,Industrial Chain, Sourcing Strategy and Downstream Buyers,Market Effect Factors Analysis
Offshore Drilling Rigs -Market Competition by Manufacturers,Manufacturers Profiles/Analysis,Manufacturing Cost Analysis,Industrial Chain, Sourcing Strategy and Downstream Buyers,Market Effect Factors Analysis
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deepwater production, high demand for crude oil, increasing investment in deep and ultra-deep<br />
water activities, rapid technological advancements.<br />
On the other hand, factors that are restraining the overall <strong>market</strong> growth are, present oil spill<br />
incidents in the offshore arena and strict government regulations on <strong>drilling</strong> activities. It has been<br />
projected that <strong>Offshore</strong> Drilling Rigs Market will grow at a fastest pace over the forecast period as the<br />
scope and its application are rising enormously across the globe such as growing number of<br />
investments from operators in Deepwater <strong>drilling</strong> activities and largest <strong>market</strong> importance in Latin<br />
America, Asia Pacific, and Africa.<br />
<strong>Offshore</strong> Drilling Rigs Market is classified, by type intoJackup Rigs, Drillships, Semi-Submersible Rigs<br />
(Active Mooring, Passive Mooring Systems). Jackup Rigs are self-elevating with three or four flexible<br />
legs that can be protracted above or below the <strong>drilling</strong> level. With the help of hull jack-ups are towed<br />
to the drill site that is essentially a water-barge that drifts on the water’s surface, legs are protracted<br />
above the hull, and dropped to the water level.<br />
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On the other hand, drillships are seagoing vessels (deep as 12,000 feet) used for exploratory <strong>drilling</strong><br />
of new oil or gas wells in deep water. These drillships are also used for scientific <strong>drilling</strong>. To maintain<br />
its position on the well drillship is tailored with a dynamic positioning system on a modified tanker<br />
hull.<br />
Semi-Submersible Rigs are the platform with four legs and sufficient weight that allows the structure<br />
to float and keep the structure vertical. These <strong>rigs</strong> are portable and can be balanced up or down by<br />
shifting the level of flooding in the resilience tanks. <strong>Offshore</strong> Drilling Rigs Market is classified, by<br />
application into Deep Water Rigs (Deepwater Floaters, Midwater Floaters), Shallow Water Rigs<br />
(Commodity Jackup Rigs, Premium Jackup Rigs), and Ultra-Deep Water Rigs. <strong>Offshore</strong> Drilling Rigs<br />
Market is segmented, geographically into North America, Europe (Eastern Europe, Western Europe),<br />
Asia Pacific, Latin America, Middle East and Africa.<br />
Globally, Latin American regional <strong>market</strong> held the largest <strong>market</strong> share of the <strong>Offshore</strong> Drilling Rigs<br />
Market and will remain dominant over the forecast period. The reason being, abundant high offshore
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