Press release
Offshore Drilling Rigs Market growth, business opportunities, share value, key insights and size estimation by 2031
Offshore Drilling Rigs Market
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Market Segments
By Water Depth
Shallow water
Deepwater
Ultra-Deep water
By Type
Jackup Rigs
Semi-Submersible Rigs
Drillships
Key Players
Transocean
Royal Dutch Shell
Chevron
ExxonMobil
BP
Anadarko Petroleum
Total SA
Statoil
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Key Trends
Offshore drilling rigs are used for drilling operations in bodies of water more than 500 feet deep. The first offshore drilling rig was built in the 1930s, and the technology has since evolved to allow for operations in ever-increasing water depths. Today, offshore drilling rigs are used in a variety of settings, from the shallow waters of the Gulf of Mexico to the deepwater drilling taking place in the Gulf of Guinea.
Offshore drilling rigs are typically classified according to the water depth in which they are able to operate. Shallow water rigs are those that can operate in depths of up to 500 feet, while deepwater rigs are those that can operate in depths of up to 10,000 feet. The majority of offshore drilling rigs currently in operation are shallow water rigs, although the number of deepwater rigs is increasing as the technology continues to evolve.
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