Energy & Environment Industry Today
Jackup Rigs Market: Industry Trends, Business Revenue and Statistics | Growth Prospective and Forecasts To 2022
Market Research Future published a half cooked research report on “Global Jackup Rigs Market Research Report - Forecast to 2022– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022
Published 01 February 2018
Leading Players
The Global Jackup Rigs Market is driven by some of the leading players operating in the market including Rowan Companies Inc. (U.K.), Noble Corporation plc. (UK), KCA DEUTAG Ltd. (Scotland), Maersk Drilling (Denmark), and Diamond Jackup Inc. (U.S)
Accrediting the exponential accruals the market is garnering currently, demonstrating the growth prospects globally, Market Research Future, recently published a study report giving out the complete market insights up till 2022. In its analysis MRFR foretells that the global Jackup Rigs market will upsurge exponentially by 2022, registering a striking CAGR during the anticipated period (2016 – 2022).
The gap between demand and supply in O&G sector has prompted the need for efficient search and extraction of oil and gas. Recent discoveries of offshore energy reserves in some of the regions have triggered the growth in the Jackup rigs market. Jackup rigs systems are implemented to maximize oil and gas extraction. Additionally, a renewed interest in shale gas extraction has also driven the Jackup rigs market. Moreover, growth of the Jackup rigs market is propelled by factors such as growing offshore activities in the harsh environmental conditions of North Sea and depleting oil and gas reserves in the US Growing demand for deep-water activities in the Asia-Pacific region and further drilling into mid ocean are driving the demand for Jackup rigs globally.
On the other hand, offshore drilling projects require a much longer timeline than onshore drilling rigs, this is a major factor that restricts the growth of the market in forecast period between 2016 and 2022. However, the rising investments in oil and gas activities are expected to provide impetus to the market growth during g the forecast period.
Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/2634
January 22, 2018 – Borr Drilling (UAE) a rapidly growing drilling contractor confirmed that it is finally buying six out of Nine jack-up rigs of Keppel Corp (Singapore) the deal is reported to be worth $960m, but the confirmation is still awaited.
January 5, 2018 - Rowan Companies plc. (US) announced acquisition of Two Modern Jackup Rigs from Petrobras. Rowan also confirmed that it has concluded the purchase of two LeTourneau Super 116E jackup rigs.
October 17, 2017, Rowan announced a joint venture with ARO Drilling which is a 50/50 joint venture with the Saudi Arabian Oil Company (Saudi Aramco). As part of the initial startup of ARO Drilling, Rowan and Saudi Aramco contributed equal amounts of cash into the joint venture. Following these contributions, Rowan sold three of its jack-up drilling rigs to ARO Drilling, including the J.P. Bussell, which was previously idle, and Saudi Aramco sold one of its jack-up drilling rigs to ARO Drilling.
Oct.6, 2017, Borr Drilling Ltd. announced acquisition of nine premium jack-up rigs from Singapore PPL. Shipyard PTE Ltd. Total consideration for transaction is expected to be approximately USD 1.3 billion.
Worldwide Jackup Rigs Market – Segmentation
For the convenience of the report and enhanced understanding; the Jackup rigs Market is segmented in to 4 key dynamics
By Type : Comprises Independent leg type, Mat-type jackups.
By Operating Depth : Shallow water, Deep water, and Ultra deep water.
By Application : Oil & Gas and Offshore wind turbine installations.
By Regions : North America, Europe, APAC and Rest of the World.
Get Complete Report @ https://www.marketresearchfuture.com/reports/jackup-rigs-market-2634
Worldwide Jackup Rigs Market – Regional Analysis
North America, Europe and Africa account for the large markets for offshore drilling owing to the increasing investments in engineering and procurement activity in the oil & gas exploration activities in these regions.
Growing demand for deep-water activities in the Asia-Pacific region and further drilling into mid ocean is driving the demand for Jackup rigs in these region. Regions such as Africa and Latin America have emerged as attractive prospects for offshore E&P activities, due to their vast unexplored hydrocarbons reserves.
There have been significant investments made in recent times, in the oil and gas engineering and procurement activities, especially in the Asia-Pacific and Middle East regions, where there is a huge demand for offshore drilling activities.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
The Global Jackup Rigs Market is driven by some of the leading players operating in the market including Rowan Companies Inc. (U.K.), Noble Corporation plc. (UK), KCA DEUTAG Ltd. (Scotland), Maersk Drilling (Denmark), and Diamond Jackup Inc. (U.S)
Global Jackup Rigs Market – Overview
Jackup Rigs are the most widely used drilling platforms for primarily carrying out drilling activities in the offshore and wind farm service platforms by the upstream Oil & Gas companies. The Jackup Rigs are perceiving augmented demand worldwide attributing to the rising oil & gas exploration activities around the globe. Simultaneously, ever rising high demand for crude oil, depleting reservoirs coupled with the maturing O&G onshore wells are presaging the demand for the Jackup Rigs Market globally. Moreover, constant development of offshore reserves and rising deep water production influence the demand for Jack up rigs positively. Owing to all these factors; the market for Jackup Rigs is garnering a fabulous demand on the global platform.Accrediting the exponential accruals the market is garnering currently, demonstrating the growth prospects globally, Market Research Future, recently published a study report giving out the complete market insights up till 2022. In its analysis MRFR foretells that the global Jackup Rigs market will upsurge exponentially by 2022, registering a striking CAGR during the anticipated period (2016 – 2022).
The gap between demand and supply in O&G sector has prompted the need for efficient search and extraction of oil and gas. Recent discoveries of offshore energy reserves in some of the regions have triggered the growth in the Jackup rigs market. Jackup rigs systems are implemented to maximize oil and gas extraction. Additionally, a renewed interest in shale gas extraction has also driven the Jackup rigs market. Moreover, growth of the Jackup rigs market is propelled by factors such as growing offshore activities in the harsh environmental conditions of North Sea and depleting oil and gas reserves in the US Growing demand for deep-water activities in the Asia-Pacific region and further drilling into mid ocean are driving the demand for Jackup rigs globally.
On the other hand, offshore drilling projects require a much longer timeline than onshore drilling rigs, this is a major factor that restricts the growth of the market in forecast period between 2016 and 2022. However, the rising investments in oil and gas activities are expected to provide impetus to the market growth during g the forecast period.
Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/2634
Worldwide Jackup Rigs Market – Competitive Analysis
The market appears to be highly competitive yet consolidated. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players.January 22, 2018 – Borr Drilling (UAE) a rapidly growing drilling contractor confirmed that it is finally buying six out of Nine jack-up rigs of Keppel Corp (Singapore) the deal is reported to be worth $960m, but the confirmation is still awaited.
January 5, 2018 - Rowan Companies plc. (US) announced acquisition of Two Modern Jackup Rigs from Petrobras. Rowan also confirmed that it has concluded the purchase of two LeTourneau Super 116E jackup rigs.
October 17, 2017, Rowan announced a joint venture with ARO Drilling which is a 50/50 joint venture with the Saudi Arabian Oil Company (Saudi Aramco). As part of the initial startup of ARO Drilling, Rowan and Saudi Aramco contributed equal amounts of cash into the joint venture. Following these contributions, Rowan sold three of its jack-up drilling rigs to ARO Drilling, including the J.P. Bussell, which was previously idle, and Saudi Aramco sold one of its jack-up drilling rigs to ARO Drilling.
Oct.6, 2017, Borr Drilling Ltd. announced acquisition of nine premium jack-up rigs from Singapore PPL. Shipyard PTE Ltd. Total consideration for transaction is expected to be approximately USD 1.3 billion.
Worldwide Jackup Rigs Market – Segmentation
For the convenience of the report and enhanced understanding; the Jackup rigs Market is segmented in to 4 key dynamics
By Type : Comprises Independent leg type, Mat-type jackups.
By Operating Depth : Shallow water, Deep water, and Ultra deep water.
By Application : Oil & Gas and Offshore wind turbine installations.
By Regions : North America, Europe, APAC and Rest of the World.
Get Complete Report @ https://www.marketresearchfuture.com/reports/jackup-rigs-market-2634
Worldwide Jackup Rigs Market – Regional Analysis
North America, Europe and Africa account for the large markets for offshore drilling owing to the increasing investments in engineering and procurement activity in the oil & gas exploration activities in these regions.
Growing demand for deep-water activities in the Asia-Pacific region and further drilling into mid ocean is driving the demand for Jackup rigs in these region. Regions such as Africa and Latin America have emerged as attractive prospects for offshore E&P activities, due to their vast unexplored hydrocarbons reserves.
There have been significant investments made in recent times, in the oil and gas engineering and procurement activities, especially in the Asia-Pacific and Middle East regions, where there is a huge demand for offshore drilling activities.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
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