Dublin, Aug. 12, 2021 (GLOBE NEWSWIRE) -- The "Global Jack-Up Rigs Market (Value, Volume): Analysis By Type, Application, Operating Depth, By Region, By Country (2021 Edition): Market Insights, COVID-19 Impact, Competition and Forecast (2021-2026)" report has been added to ResearchAndMarkets.com's offering.
The Global Jack-Up Rigs Market, valued at USD 81.4 billion in the year 2020, witnessing lucrative growth owing to stringent regulatory standards regarding environment conservation, supportive government policies on energy conservation, as well as growing consumer awareness about product quality.
The continuous rise in demand of oil and gas in Asia Pacific region is driving the demand of rigs from last few years.
Owing to low production cost in Asian countries backed with rising industrialisation, manufacturers are investing in economies such as India and China which is propelling the market growth.
The market is also expected to register huge growth in demand post COVID-19 pandemic situation attributable to the demand for the oil and gas slightly increased in August 2020, as several leading manufacturers started production of the offshore drilling.
Additionally, growth in the rig industry due to technological advancements, rise in population, and increase in demand of crude oil and natural gas are major factors expected to drive the market during the forecast period.
MODUs (Mobile Offshore Drilling Units) are typically used in water depths up to 120 metres (390 ft), although some designs can go to 170 m (560 ft) depth. They are designed to move from place to place, and then anchor themselves by deploying their legs to the ocean bottom using a rack and pinion gear system on each leg. This type of rig is commonly used in connection with oil and/or natural gas drilling.
Deepwater drilling, or Deep well drilling, is the process of creating holes by drilling rig for oil mining in deep sea. There are approximately 3400 deepwater wells in the Gulf of Mexico with depths greater than 150 meters. Deepwater is considered to be anything more than mid water (4000/5000 ft or 1219/1524 meters) but not ultra-deep.
The top end of deepwater comes in at around 7000 feet (2133 meters). Semisubmersible rigs are used for deepwater drilling as these Jack-Up rigs have columns that are ballasted to remain on location either by mooring lines anchored to the seafloor or by dynamic positioning systems.
Key Target Audience
- Oil and Gas Companies
- Consulting and Advisory Firms
- Government and Policy Makers
- Regulatory Authorities
The companies analysed in the report include
- Seadrill
- Halliburton
- KCA Deutag
- Diamond Offshore Drilling
- Maersk Drilling
- NOV
- Valaris Plc
- Noble Corporation
- Schlumberger Limited
- Keppel Offshore & Marine
Key Topics Covered:
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
3. Jack-Up Rigs Market: Product Overview
4. Jack-Up Rigs Market: Sizing and Forecast
4.1 Market Size, By Value, Year 2016-2020
4.2 Market Size, By Value, Year 2021-2026
4.3 Market Size, By Volume, Year 2016-2020
4.4 Market Size, By Volume, Year 2021-2026
4.5 Impact of COVID-19 on Global Jack-Up Rigs Market
4.6 Global Economic & Industrial Outlook
5. Jack-Up Market Segmentation, By Type (Value)
5.1 Global Jack-Up Rigs Market: Segment Analysis
5.2 Competitive Scenario of Global Jack-Up Market: By Type (2020 & 2026)
5.3 By Independent Leg Type - Market Size and Forecast (2016-2026)
5.4 By Mat Type - Market Size and Forecast (2016-2026)
6. Jack-Up Rigs Market Segmentation, By Application (Value)
6.1 Global Jack-Up Rigs Market: Segment Analysis
6.2 Competitive Scenario of Global Jack-Up Market: By Application (2020 & 2026)
6.3 By Mobile Offshore Drilling Unit - Market Size and Forecast (2016-2026)
6.4 By Offshore Wind Turbine Installation - Market Size and Forecast (2016-2026)
6.5 By Others - Market Size and Forecast (2016-2026)
7. Jack-Up Rigs Market Segmentation, By Operating Depth (Value)
7.1 Global Jack-Up Rigs Market: Segment Analysis
7.2 Competitive Scenario of Global Jack-Up Market: By Operating Depth (2020 & 2026)
7.3 By Shallow water - Market Size and Forecast (2016-2026)
7.4 By Deepwater - Market Size and Forecast (2016-2026)
8. Global Jack-Up Rigs Market: Regional Analysis
8.1 Competitive Scenario of Global Jack-Up Rigs Market: By Region (2020 & 2026)
9. Americas Jack-Up Rigs Market: An Analysis
10. Europe Jack-Up Rigs Market: An Analysis
11. APAC Jack-Up Rigs Market: An Analysis
12. MEA Jack-Up Rigs Market: An Analysis
13. Global Jack-Up Rigs Market Dynamics
13.1 Global Jack-Up Rigs Market Drivers
13.2 Global Jack-Up Rigs Market Restraints
13.3 Global Jack-Up Rigs Market Trends
14. Market Attractiveness and Strategic Analysis
14.1 Market Attractiveness
15. Competitive Landscape
15.1 Global Leading Jack-Up Rigs company market share, 2020
16. Company Profiles (Business Description, Financial Analysis, Business Strategy)
- Diamond Offshore Drilling
- Halliburton
- KCA Deutag
- Keppel Offshore & Marine
- Maersk Drilling
- Noble Corporation
- NOV
- Schlumberger Limited
- Seadrill
- Valaris Plc
For more information about this report visit https://www.researchandmarkets.com/r/krtosk
