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Oil And Gas Industry Will Expected To Drive Demand For Drill Ships Market, Explore Fact.MR Report
Drill Ships Market: IntroductionWith the demand of the oil and gas industry drillship industry is going to witness stability. Considering the evolving requirements of end-users, market players are focusing on mergers and acquisitions.
For instance, Huisman and IHC Merwede are collaborating to provide integrated offshore drilling vessels for their current projects, which include an intervention vessel and two Deepwater construction boats. With the increase of demand in the drillship industry manufacturers are gaining new projects and contracts.
The recent study by Fact.MR on Demand of Drill Ships Market offers a 10-year forecast. The Drill Ships Sales study analyzes crucial trends that are currently determining the growth of Drill Ships Market.
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Drill Ships Market: Market Dynamics
The growth of the global drill ships market has been sluggish over the past 3-4 years due to volatility in the prices of oil. The volatile nature of oil prices has severely affected the growth of the global drill ships market. The last sale of a drill ship took place in April 2016. Owing to this uncertainty, offshore oil operators have been hesitant to invest in the drill ships market. The deep-water drilling operations are currently gaining momentum following a rise in the prices of oil to nearly US$80 per barrel.
It is expected that in 2019, the oil and gas industry will gain stability, which is expected to drive the orders for new drill ships. Some of the key challenges faced by the drill ships market are competitive products such as jackups and semi-submersible rigs. However, the key advantage that encourages end users to adopt drill ships as opposed to semi-submersible rigs is the mobility aspect. The latter requires a transport vessel to transfer it from one place to other, unlike a drill ship.
Drill Ships Market: Market segmentation
The global drill ships market can be segmented into type and water depth.
On the basis of type, the global drill ships market is segmented into:
Deep Drill Ships
Ultra-deep Drill Ships
On the basis of water depth, the global drill ships market is segmented into:
Less than 3000 feet
3000 – 5000 feet
5000 – 10,000 feet
More than 10,000 feet
On the basis of deals, the global drill ships market is segmented into:
Contract-based drill ships
New drill ships
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Competitive Landscape Analysis On Drill Ships Market:
To provide decision-makers with credible insights on their competitive landscape, the Drill Ships industry research report includes detailed market competitive landscape analysis.
The competitive landscape analysis for Drill Ships Market includes detailed profiles of Tier 1, Tier 2, and Tier 3 players. The respective market share of Drill Ships manufacturers is provided so business leaders can understand the market scenario.
List of the Leading Companies Profiled in the Drill Ships Market are:
Some of the key market participants in the global drill ships market are:
ASTANO S.A.
China Merchants Industry Holdings Co., Ltd
DSME Co., Ltd.
Harland & Wolff Heavy Industries Limited
Huisman Equipment B.V.
Hyundai Heavy Industries Co., Ltd.
IHI Corporation
Irving Shipbuilding Inc.
Japan Marine United Corporation
Kawasaki Heavy Industries, Ltd.
Keppel Offshore & Marine
MITSUBISHI HEAVY INDUSTRIES, LTD.
Saipem S.p.A.
Samsung Heavy Industries
Sembcorp Marine’s
Shanghai Waigaoqiao Shipbuilding Co., Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data.
Drill Ships Market: Regional Outlook
The international offshore drilling domain is currently witnessing a positive growth trend as drillers and oil operators are looking to enhance their production from offshore oil fields. This has boosted the global drill ships market. The key constructors of drill ships are from Asia as they acquire orders from global oil and gas operators. Countries such as Japan and South Korea are the key countries where deep and ultra-deep drill ships are constructed.
Countries such as the US, Canada, Norway, Mexico, China and Brazil are the places from where new orders are coming as oil & gas companies in these countries are looking for drill ships for deep drilling operations. This trend is expected to offer a bigger boost to the constructors of drill ships. It is expected to prevail during the forecast period with some fluctuations.
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