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Global Jack-Up Rig Market: Industry Analysis, Growth & Outlook (2017-2021) | Market Research Report

04-19-2017 10:11 AM CET | Energy & Environment

Press release from: Market Research Provider - MRH

MRH

MRH

Market Research Hub (MRH) has recently published a latest market study to its online portal, which is titled as “Global Jack-Up Rig Market: Industry Analysis & Outlook (2017-2021)” This study offers professional analysis of the current state of Jack-Up Rig Market.

Request Free Sample Report@ http://www.marketresearchhub.com/enquiry.php?type=S&repid=1064511

Rigs are giant structures or machines consisting of mud tanks, mud pumps, derrick or mast, draw works, rotary table, drill string, power generation equipment and auxiliary equipment. Rigs are used in drilling a wellbore. Some rigs are used on water and usually built on ships or barges whereas, some rigs are meant to be used on surface.

A jack-up rig is a mobile platform used as exploratory drilling platform and offshore platform that consists of a buoyant hull with moveable legs, capable of lifting the hull over the sea surface. The buoyant hull is a water-tight barge that floats on the water surface and used to transport all the machinery to a desired location. Once a rig arrives at work location, the legs are jacked down onto the sea floor where the weight of barge and ballast water drives the legs into the bottom of sea to avoid further penetration during operations.

Middle East is a major contributor to the global jack-up rig market supported by increased utilization of jack-up rigs. This region is expected to experience further growth with increasing new buildup jack-up rigs and incrementing demand from UAE and Qatar regions.

The global jack-up rig market is expected to grow in future supported by increasing urbanization, oil demand, rising economic growth and rising jack-up rig demand. Key trends of this market include increased offshore drilling activities and rising demand for premium and ultra-premium jack-up rigs. However, there are some factors which can hinder the market growth including unpredictability in oil prices and depletion of oil reserves.

The report “Global Jack-up Rig Market- Industry Analysis & Outlook (2017-2021)” by Koncept Analytics provides an extensive research and detailed analysis of the present market along with future outlook. The report discusses the major growth drivers and challenges of the market, covering South America, Southeast Asia, Middle East, Mexico, West Africa, North Sea and the U.S. Gulf of Mexico region along with the global market. The report profiles the key players of the market including CIMC, Keppel Corporation, Sembcorp Marine Industries and Lamprell Plc.

Access Full Report with TOC@ http://www.marketresearchhub.com/report/global-jackup-rig-market-industry-analysis-outlook-20172021-report.html

About Market Research Hub:

Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of Market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.

MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.

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