Global
Jack-up Rig Market Highlights
One of the most
widely used offshore drilling rigs are jackup rigs. They are self-elevating
mobile drilling platforms equipped with legs which can be lowered to the ocean
floor to establish foundation for support. They integrate a drilling rig,
jacking system, loading and unloading facilities, crew stations, storage areas,
helicopter landing deck and other drilling equipment. They are predominantly
deployed in all major offshore production basins and can operate in water
depths of up to 490 feet. Jackup rigs operations have become cost effective
because of the recent technological advancements in equipment operations. The
increasing global demand for energy and the rising number of investments for
off shore drilling activities is driving the Global Jack-up Rig Market. Adapting to the recent novel COVID-19
pandemic, the impact of the COVID-19
on Jack-up Rig Market is included in the present report.
Competitive
Dashboard
The
key players of global jackup rigs markets are Rowan Companies Inc.(U.K.), Noble
Corporation plc (UK), KCA DEUTAG Ltd.(Scotland), Maersk Drilling (Denmark),
Diamond Offshore Drilling, Inc. (U.S), COSL (China), Transocean Ltd.
(Switzerland), Seadrill Limited(Bermuda), ENSCO Plc (UK), Halliburton
(U.S.) and others.
Jackup
Rigs Market Segments Analysis
The
global jackup rigs market is segmented on the basis of type, application,
operating depth, and region.
Based
on type, the global jackup rigs market further classified into independent leg
type andmat-type jackups.
Based
on application, the jackup rigs market further classified into oil & gas
and offshore wind turbine installations.
By
operating depth, the industry is classified into shallow water, deep water and
ultra-deep water.
Based
on region, the global jackup rigs market cover growth opportunities and latest
trends across North America, Europe, Asia Pacific and Rest of the World.
Jackup
Rigs Regional Market Analysis
The
recent discoveries of new oil & gas reserves in remote areas, combined with
growing technological advancements in terms of equipment have made offshore
drilling operations more feasible and cost-effective.
The
global jackup rigs market has been witnessing a decent growth caused by the
increasing global demand for energy. In addition to that, there has been
significant investment by operators into deep water Oil & gas exploration
activities.
Currently,
North America, Europe and Africa are the largest markets for offshore drilling
rigs and there have been increasing investments in engineering and procurement
activity in the oil & gas exploration activities in these regions. Growing
demand for deep-water activities in the Asia-Pacific region and further
drilling into mid ocean is driving the demand for Jackup rigs in this region.
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