Offshore Drilling Rigs Market Drivers, Key Players and Recent Development Report till 2025
Offshore drilling is a mechanical process of drilling below the seabed for the extraction of oil and gas resources from the bottom of the sea, lakes. Diesel engines are widely used for offshore drilling rigs and these engines requires 20-30 m3 diesel fuel per day, depending upon its use and work done. Offshore drilling is most probably carried out for extraction of natural petroleum that resides beneath seabed.
Offshore drilling is a mechanical process of drilling below the seabed for the extraction of oil and gas resources from the bottom of the sea, lakes. Diesel engines are widely used for offshore drilling rigs and these engines requires 20-30 m3 diesel fuel per day, depending upon its use and work done. Offshore drilling is most probably carried out for extraction of natural petroleum that resides beneath seabed.
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<strong>Offshore</strong> <strong>Drilling</strong> <strong>Rigs</strong> <strong>Market</strong> <strong>Drivers</strong>,<br />
<strong>Key</strong> <strong>Players</strong> <strong>and</strong> <strong>Recent</strong> <strong>Development</strong><br />
<strong>Report</strong> <strong>till</strong> <strong>2025</strong><br />
“Prominent factors that are playing major role in the growth<br />
of the <strong>Offshore</strong> <strong>Drilling</strong> <strong>Rigs</strong> <strong>Market</strong> are, continuous<br />
development of offshore reserves, increasing deepwater<br />
production, high dem<strong>and</strong> for crude oil, increasing investment<br />
in deep <strong>and</strong> ultra-deep water activities, rapid technological<br />
advancements.”<br />
Global <strong>Offshore</strong> <strong>Drilling</strong> <strong>Rigs</strong> <strong>Market</strong> is segmented based on type, application, <strong>and</strong> region. <strong>Offshore</strong> drilling is a<br />
mechanical process of drilling below the seabed for the extraction of oil <strong>and</strong> gas resources from the bottom of the sea,<br />
lakes. Diesel engines are widely used for offshore drilling rigs <strong>and</strong> these engines requires 20-30 m3 diesel fuel per day,<br />
depending upon its use <strong>and</strong> work done. <strong>Offshore</strong> drilling is most probably carried out for extraction of natural petroleum<br />
that resides beneath seabed.<br />
National Oceanic <strong>and</strong> Atmospheric Administration (NOAA) stated that dipper drilling may increase the risks of<br />
accidents, spills <strong>and</strong> fires. Prominent factors that are playing major role in the growth of the <strong>Offshore</strong> <strong>Drilling</strong> <strong>Rigs</strong><br />
<strong>Market</strong> are, continuous development of offshore reserves, increasing deepwater production, high dem<strong>and</strong> for crude oil,<br />
increasing investment in deep <strong>and</strong> ultra-deep water activities, rapid technological advancements.<br />
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On the other h<strong>and</strong>, factors that are restraining the overall market growth are, present oil spill incidents in the offshore<br />
arena <strong>and</strong> strict government regulations on drilling activities. It has been projected that <strong>Offshore</strong> <strong>Drilling</strong> <strong>Rigs</strong> <strong>Market</strong><br />
will grow at a fastest pace over the forecast period as the scope <strong>and</strong> its application are rising enormously across the globe
such as growing number of investments from operators in Deepwater drilling activities <strong>and</strong> largest market importance<br />
in Latin America, Asia Pacific, <strong>and</strong> Africa.<br />
<strong>Offshore</strong> <strong>Drilling</strong> <strong>Rigs</strong> <strong>Market</strong> is classified, by type intoJackup <strong>Rigs</strong>, Drillships, Semi-Submersible <strong>Rigs</strong> (Active<br />
Mooring, Passive Mooring Systems). Jackup <strong>Rigs</strong> are self-elevating with three or four flexible legs that can be protracted<br />
above or below the drilling level. With the help of hull jack-ups are towed to the drill site that is essentially a waterbarge<br />
that drifts on the water’s surface, legs are protracted above the hull, <strong>and</strong> dropped to the water level.<br />
On the other h<strong>and</strong>, drillships are seagoing vessels (deep as 12,000 feet) used for exploratory drilling of new oil or gas<br />
wells in deep water. These drillships are also used for scientific drilling. To maintain its position on the well drillship is<br />
tailored with a dynamic positioning system on a modified tanker hull.<br />
Semi-Submersible <strong>Rigs</strong> are the platform with four legs <strong>and</strong> sufficient weight that allows the structure to float <strong>and</strong> keep<br />
the structure vertical. These rigs are portable <strong>and</strong> can be balanced up or down by shifting the level of flooding in the<br />
resilience tanks. <strong>Offshore</strong> <strong>Drilling</strong> <strong>Rigs</strong> <strong>Market</strong> is classified, by application into Deep Water <strong>Rigs</strong> (Deepwater Floaters,<br />
Midwater Floaters), Shallow Water <strong>Rigs</strong> (Commodity Jackup <strong>Rigs</strong>, Premium Jackup <strong>Rigs</strong>), <strong>and</strong> Ultra-Deep Water <strong>Rigs</strong>.<br />
<strong>Offshore</strong> <strong>Drilling</strong> <strong>Rigs</strong> <strong>Market</strong> is segmented, geographically into North America, Europe (Eastern Europe, Western<br />
Europe), Asia Pacific, Latin America, Middle East <strong>and</strong> Africa.<br />
Globally, Latin American regional market held the largest market share of the <strong>Offshore</strong> <strong>Drilling</strong> <strong>Rigs</strong> <strong>Market</strong> <strong>and</strong> will<br />
remain dominant over the forecast period. The reason being, abundant high offshore potential reserves of oil <strong>and</strong> gas,<br />
increasing investments in E&P CAPEX in the region, rising offshore exploration <strong>and</strong> production activities. In terms of<br />
growth rate, Africa is expected to lead over the forecast period.<br />
Moreover, increasing offshore events in the strict environmental conditions of North Sea <strong>and</strong> reducing oil <strong>and</strong> gas<br />
reserves in the U.S. Whereas, offshore activities in the North Sea determines the CAGR of the European region. On the<br />
other h<strong>and</strong>, Asia Pacific is estimated to grow at fastest pace over the forecast period. It is projected to rise the dem<strong>and</strong><br />
for growing exploration activities in Southeast Asia. This is mainly due to growing deep-water activities, investments<br />
from operators for deep <strong>and</strong> ultra-deep water activities in this region.<br />
<strong>Offshore</strong> <strong>Drilling</strong> Rig Industry key players are, Diamond <strong>Offshore</strong> <strong>Drilling</strong> Inc., Ensco PLC, Atwood Oceanics, Nobel<br />
Corporation, Aban <strong>Offshore</strong> Limited, China Oilfield Services Limited, Maersk <strong>Drilling</strong>, Nabors Industries Ltd., KCA<br />
Deutag, Pacific <strong>Drilling</strong>, Hercules <strong>Offshore</strong> Inc., Rowan Companies PLC, Vantage <strong>Drilling</strong>, Transocean Ltd., <strong>and</strong><br />
Seadrill Limited.<br />
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<strong>Market</strong> Segment:<br />
Geographically, this report is segmented into several key Regions, with production, consumption, revenue<br />
(million USD), market share <strong>and</strong> growth rate of <strong>Offshore</strong> <strong>Drilling</strong> <strong>Rigs</strong> in these regions, from 2013 to <strong>2025</strong><br />
(forecast), covering<br />
• North America
• Europe<br />
• China<br />
• Japan<br />
• Southeast Asia<br />
• India<br />
Global <strong>Offshore</strong> <strong>Drilling</strong> <strong>Rigs</strong> market competition by top manufacturers, with production, price, revenue (value)<br />
<strong>and</strong> market share for each manufacturer; the top players including<br />
• Ensco<br />
• Noble Corporation<br />
• China Oilfield Services Limited.<br />
• Nabors Industries<br />
• Pacific <strong>Drilling</strong><br />
• Rowan Companies<br />
• Seadrill<br />
• Transocean<br />
• Vantage <strong>Drilling</strong><br />
• Hercules <strong>Offshore</strong><br />
• KCA Deutag<br />
• Maersk <strong>Drilling</strong><br />
• Aban <strong>Offshore</strong><br />
• Atwood Oceanics<br />
• Diamond <strong>Offshore</strong> <strong>Drilling</strong><br />
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On the basis of product, this report displays the production, revenue, price, market share <strong>and</strong> growth rate of<br />
each type, primarily split into<br />
• Jackup<br />
• Semi-Submersibles<br />
• Drillships<br />
On the basis of the end users/applications, this report focuses on the status <strong>and</strong> outlook for major applications/end<br />
users, consumption (sales), market share <strong>and</strong> growth rate for each application, including<br />
• Shallow Water<br />
• Deepwater<br />
• Ultra-Deepwater<br />
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