Press release
Offshore Drilling Rigs market Is Expected To Boost The Global market At A Cagr Of Around 6.63% : Transocean, Ensco, Seadrill, COSL, Diamond Offshore
Offshore Drilling Rigs market
Imbalance in the demand and supply is observed over past three years. Moreover, aging and maturing onshore oilfields have opportunities for development of offshore drilling rigs over the past few decades and is anticipated to grow at a fast pace over the forecast period. Increasing environmental concerns and regulations are restraining the growth of offshore drilling rigs market.
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Global Offshore Drilling Rigs Market Taxonomy
On the basis of type, the global offshore drilling rigs are segmented as:
Jackup Rigs
Fixed Platform rigs
Submersible
Ultradeepwater units
Tender Assist Drilling
Semisubmersible Rigs
Drillships
Others
On the basis of application depth, the global offshore drilling rigs are segmented as:
Shallow Water Depth
Deep Water
Ultra-Deep Water
Jackup rigs segment hold the largest share in the global offshore drilling rigs market, owing to its easy installation and low cost as compared to other rig types. Jackup rigs segment has opportunities for advancement and development.
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Due to significant investment in this area, particularly in Africa, North America, and Europe, deep and ultra-deep seas are expected to rise rapidly throughout the projection period. According to Seatrade Maritime News, the offshore rig market will improve in 2017 and reach new heights by 2021.
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