Offshore Rig Construction Market to 2015 and Current Rig
Deployment Scenario - Acquisition of Rivals a Prominent
Strategic Option
Reference Code: GBIGE00050MR Publication Date: October 2011
The current scenario From 2004–2008 there was a large rise in offshore rig construction activity as a result of rapidly
increasing demand. Huge offshore rig construction orders by offshore exploration and production
(as of August 2011) of the
financial market is of a companies led to this period being popularly referred to as the rig construction boom.
credit crunch, which is In 2009, the rig construction cycle peaked, and since then, the number of rig orders has temporarily
affecting the offshore rig reduced. The current oversupply of rigs is a result of excess rig production during the rig
contractors in terms of the construction boom. However, rig construction majors from South East Asia have benefited from the
number of newbuild rig rig construction boom and are expected to continue to record business developments from 2011–
orders they would make. 2015.
Offshore Rig Contractors are Acquiring Rivals as a Beneficial Business Strategy Due to
Increasing Cost of Rig Manufacturing and the Poor Credit Situation
Since August 2011, the financial markets have been in a poor credit situation, and this has affected
offshore rig contractors in terms of the number of newbuild rig orders they can generate. Due to
financial uncertainty, rig contractors and managers have reduced newbuild rig orders to offshore rig
construction shipyards. Also, the cost of constructing offshore rigs has increased by 10% in the
past six months, and this has led to a temporary stalling of new rig orders. As a result, the smaller
players in offshore rig contracting business are considerably losing out on their net asset value, and
hence are unable to economically sustain their operating expenses. Due to these difficulties
associated with hampering of their regular business functioning, smaller offshore drilling contractors
are left with little options than to get acquired by their larger rivals, in a situation of bankruptcy. The
latter see an advantage in the same, as a beneficial strategy to inorganically grow by benefiting
from the niche technological and marketing forte of smaller players in specific segments and
geographies, at relatively lower costs of acquisition in such a financial situation.
For example, deepwater drilling companies Transocean Ltd. and Seadrill recently agreed to fully or
partially purchase offshore drilling companies as part of their business expansion plans. In August
2011, Aker Drilling ASA was fully purchased by Transocean as part of its ultra-deepwater rig fleet
expansion plans, and Seadrill bought 33.75% of Asia Offshore Drilling. Prior to this, Seadrill
acquired Scorpion Offshore and lost a bid against Ensco plc to buy Pride International Inc, in
February 2011.
In summary, demand for offshore drilling activity and offshore rigs is expected to increase as the
global search for fresh hydrocarbon reserves continues. For example, there are currently
deepwater and ultra-deepwater explorations offshore Brazil and West Africa, successful
discoveries offshore Norway and explorations in harsh offshore environments such as the Arctic
region.
Cost Dynamics are Proving to be Unfavorable to the Brazilian Offshore Rig Construction
Industry Due to Inadequate Workforce Training and an Unattractive Labor Market
In August 2011, the management of Sete Brazil, an offshore rig construction shipyard in Brazil,
expressed concerns that due to the poor Brazilian labor market and high inflation, the cost of rig
manufacturing in Brazilian shipyards had grown so high as to prevent the industry from being cost
competitive in relation to South Korea, Brazil’s rival in terms of rig building.
It has been found that offshore rigs constructed in Brazil are 15% more expensive than those built
in South Korea. In addition, many offshore rigs built in Brazil do not meet international industry
norms, and the poor labor market and inadequate industry workforce training contribute to the
economically unattractive cost of production in Brazil. If the situation persists further, it could
damage business in the Brazilian rig construction industry.
Offshore Rig Construction Market to 2015 and Current Rig GBIGE00050MR / Published OCT 2011
Deployment Scenario - Acquisition of Rivals a Prominent
Strategic Option Page 1
© GBI Research. This is a licensed product and is not to be photocopied
Offshore Rig Construction Industry will Record a Significant Rise in Shallow Water Rig
Construction Activity
As most countries which possess commercial potential in terms of their offshore reserves seek to
achieve energy self-sufficiency, the offshore exploration and production industry is expected to
make significant investments in the discovery and development of new offshore reserves. In turn,
this will lead to infrastructure investments by exploration and production companies in the form of
newbuild offshore rigs, particularly for untapped shallow water regions with exploration potential.
Subsequently, offshore rig construction expenditure is expected to rise from 2011–2015.
However, the cost per shallow water rig, which declined by 15%–20% from 2008–2010, will
continue to decline until 2012.
Technological Developments in Offshore Rig Construction Will Lead to Ambitious
Exploration and Production in Geographically Challenging Areas
As deep sea and Arctic areas continue to be developed for energy reserves, oil and gas exploration
technology is evolving in line with these developments.
For example, Samsung Heavy Industries (SHI) has developed an advanced drillship to drill ice in
the Arctic Ocean, which conventional drillships are not capable of doing. This drillship has the
ability to drill target depths of up to 36,000 feet (ft), and it is able to withstand ice and
geographically challenging conditions. Technological developments in offshore rig construction may
be the key factors behind successful exploration for production in geographically challenging areas.
Rise in Deep and Ultra-Deep Water Drilling in Brazil is Expected to Strengthen the Drillship
Construction Industry
Offshore Brazil is considered a region with strong potential for deepwater exploration and
production by oil exploration and production companies. Global offshore drilling contractors such as
Transocean and Seadrill have invested considerable capital to ensure the future deployment of
deepwater rigs in offshore Brazil, in the form of orders for drillships and semisubmersibles. In
addition, Petrobras, the national oil company of Brazil, has ordered a substantial number of
drillships to be deployed in the region. For example, Transocean Ltd., Pride International and Noble
Drilling have ordered 17 drillships for drilling operations in offshore Brazil. This is expected to
strengthen the business development of global rig construction companies, which are primarily
based in South Korea. The business scenario has also led to an increase in rig construction activity
in Brazil, as local companies such as Odebrecht have investment plans for deepwater rig
construction until 2013. The federal government of Brazil is also expected to encourage
investments in offshore rig construction through a number of initiatives.
However, business success for Brazilian rig construction companies, with regard to deepwater rig
construction, will be to initially partner with international rig construction companies in order to gain
technological expertise and experience in rig building. In order to gain substantial market
advantage and competitive standing, Brazilian shipyards will need to provide rigs to offshore drilling
contractors at competitive prices, such as those offered by South Korean shipyards. As a result of
this, the Brazilian shipbuilding industry is expected to record high levels of growth in terms of its rig
building business.
Offshore Rig Construction Market to 2015 and Current Rig GBIGE00050MR / Published OCT 2011
Deployment Scenario - Acquisition of Rivals a Prominent
Strategic Option Page 2
© GBI Research. This is a licensed product and is not to be photocopied
Rapidly Growing Demand for Premium and Ultra-Premium Jack-Ups is Expected to Create a
Shortage of Premium Jack-Ups by 2015
As offshore drilling in shallow waters demands advanced drilling capabilities, such as the ability to
operate jack-up rigs in water depths exceeding 350ft, demand for premium and ultra-premium jack-
up rigs is expected to increase by 2015. Premium and ultra-premium jack-up rigs have higher
offshore rig day rates than standard jack-up rigs.
Advanced shallow water drilling activity is forecast to rise, and as a result, demand for premium and
ultra-premium jack-up rigs is expected to rise in line with this.
Newbuild Jack-Up Rig Construction Expenditure Forecasts, Premium/Ultra-Premium
Segment ($bn), 2000–2015
Newbuild Premium Jack-Up Rig Construction Expenditure 7
6
5
Forecasts ($bn), 2000–2015
4
3
2
1
0
2000 2010 2015
Source: GBI Research
Stricter Offshore Regulations for Safety and Environmental Protection Will Lead to
Technological Modifications in the Engineering Design of Offshore Rigs
After the US Gulf of Mexico (USGOM) Deepwater Horizon disaster and the Montara oil spil off the
coast of Australia, environmental and safety regulations imposed and implemented by governments
of various countries are expected to become more stringent in order to avoid and reduce offshore
drilling accidents. For example, the UK government recently announced that it will conduct safety
checks on offshore oil and gas drilling rigs deployed in the North Sea as a result of the USGOM
Deepwater Horizon incident.
As a result of this, offshore rig manufacturing shipyards worldwide are focusing on innovative rig
designs to enhance operational and safety standards in order to meet global regulatory
requirements for drilling.
Offshore Rig Construction Market to 2015 and Current Rig GBIGE00050MR / Published OCT 2011
Deployment Scenario - Acquisition of Rivals a Prominent
Strategic Option Page 3
© GBI Research. This is a licensed product and is not to be photocopied
1 Table of Contents
1 Table of Contents ........................................................................................................................ 4
1.1 List of Tables..................................................................................................................... 6
1.2 List of Figures ................................................................................................................... 7
2 Future of the Offshore Rig Construction Market and Current Rig Deployment Scenario –
Introduction .................................................................................................................................. 8
2.1 Report Guidance ............................................................................................................... 8
3 Offshore Rig Construction Market – Overview............................................................................. 9
3.1 Significance of the Offshore Rig Construction Industry as Part of the Value Chain in the
Upstream Oil and Gas Sector ........................................................................................... 9
3.2 Key Segments of the Offshore Rig Construction Industry ................................................. 9
3.2.1 Jack-Up Rigs ............................................................................................................. 9
3.2.2 Semisubmersibles ..................................................................................................... 9
3.2.3 Drillships .................................................................................................................... 9
3.2.4 Fixed Platforms.......................................................................................................... 9
3.2.5 Compliant Towers.................................................................................................... 10
3.2.6 Tension Leg Platforms (TLPs) ................................................................................. 10
3.2.7 Spar Platforms ......................................................................................................... 10
3.2.8 Barges ..................................................................................................................... 10
3.2.9 Tender Rigs ............................................................................................................. 10
3.2.10 Premium and Ultra-Premium Jack-Up Rigs ............................................................. 10
4 Offshore Rig Construction Market to 2015 – Geographic and Segment Analysis...................... 11
4.1 Geographic Scenario of the Global Offshore Rig Construction Industry ......................... 11
4.2 Segmental Analysis of the Global Offshore Rig Construction Industry ........................... 12
5 Key Trends and Challenges in the Offshore Rig Construction Industry .................................... 14
5.1 Key Trends of the Offshore Rig Construction Industry .................................................... 14
5.1.1 Offshore Rig Contractors are Acquiring Rivals as a Beneficial Business Strategy
Due to Increasing Cost of Rig Manufacturing and the Poor Credit Situation ........... 14
5.1.2 Offshore Upstream Sector is Expected to Record a Significant Rise in Jack-Up Rig
Construction Activity Due to Increasing Demand for Shallow Water Offshore
Development ........................................................................................................... 14
5.1.3 Rapidly Growing Demand for Premium and Ultra-Premium Jack-Ups will Create a
Shortage of Premium Jack-Ups by 2015 ................................................................. 14
5.1.4 Improved Risk Assessment Will Reduce Costs and Time Delay for Rig Construction
Projects ................................................................................................................... 15
5.1.5 Rig Construction is Expected to be Strengthened by the South East Asian Rig
Construction Industry............................................................................................... 15
5.1.6 Rise in Deep and Ultra-Deep Water Drilling in Brazil is Expected to Strengthen the
Drillship Construction Industry ................................................................................. 15
5.2 Major Challenges of the Offshore Rig Construction Industry .......................................... 16
5.2.1 Cost Dynamics are Proving to be Unfavorable to the Brazilian Offshore Rig
Construction Industry Due to Inadequate Workforce Training and the Unattractive
Labor Market ........................................................................................................... 16
5.2.2 Technological Developments in Offshore Rig Construction could Lead to Successful
Exploration and Production in Geographically Challenging Areas ........................... 16
5.2.3 Stricter Offshore Regulations for Safety and Environmental Protection Will Lead to
Technological Modifications in the Engineering Design of Offshore Rigs ................ 16
6 Offshore Rig Construction Industry Forecasts to 2015 and Current Status of Worldwide
Offshore Fleet in Operation ....................................................................................................... 17
6.1 Offshore Rig Construction Newbuild Expenditure Forecasts to 2015 ............................. 17
6.2 Offshore Rig Construction Newbuild Expenditure Forecasts to 2015, by Segment ........ 19
6.2.1 Offshore Rig Construction Newbuild Expenditure Forecasts to 2015, Jack-Up Rigs
................................................................................................................................ 19
6.2.2 Offshore Rig Construction Newbuild Expenditure Forecasts to 2015,
Semisubmersible Rigs ............................................................................................. 23
6.2.3 Offshore Rig Construction Newbuild Expenditure Forecasts to 2015, Drillships ..... 25
Offshore Rig Construction Market to 2015 and Current Rig GBIGE00050MR / Published OCT 2011
Deployment Scenario - Acquisition of Rivals a Prominent
Strategic Option Page 4
© GBI Research. This is a licensed product and is not to be photocopied
6.3 Offshore Rig Order Costs, Forecasts to 2015, by Segment ............................................ 27
6.3.1 Offshore Rig Order Costs, Forecasts to 2015, Jack-Up Rigs .................................. 27
6.3.2 Offshore Rig Order Costs, Forecasts to 2015, Semisubmersible Rigs .................... 31
6.3.3 Offshore Rig Order Costs, Forecasts to 2015, Drillships ......................................... 32
6.4 Newbuild Rig Orders by Offshore Drilling Contractors .................................................... 34
6.5 Pending Rig Orders by Rig Segment and Rig Availability in Future ................................ 39
6.5.1 Pending Rig Orders and Rig Availability, Jack-Up Rigs, Updated August 2011 ...... 39
6.5.2 Pending Rig Orders and Rig Availability, Semisubmersibles, Updated August 2011
................................................................................................................................ 44
6.5.3 Pending Rig Orders and Rig Availability, Drillships, Updated August 2011 ............. 46
6.5.4 Pending Rig Orders and Rig Availability, Tender Rigs, Updated August 2011 ........ 50
6.5.5 Pending Rig Orders and Rig Availability, Inland Barges, Updated August 2011 ..... 51
6.6 Current Status of Worldwide Offshore Rigs and Expected Newbuilds ............................ 51
6.6.1 Current Status, Number of Worldwide Offshore Rigs and Expected Newbuilds ...... 51
6.7 Current Status of Worldwide Fleet in Operation by Individual Offshore Structure and
Type, and Deployment Location ..................................................................................... 56
6.7.1 Current Status, Worldwide Fleet in Operation, Jack-Up Rigs, by Structure Name,
Deployment Location and Region............................................................................ 56
6.7.2 Current Status, Worldwide Fleet in Operation, Semisubmersible Rigs, by Structure
Name, Deployment Location and Region ................................................................ 73
6.7.3 Current Status, Worldwide Fleet in Operation, Drillships, by Structure Name,
Deployment Location and Region............................................................................ 79
6.7.4 Current Status, Worldwide Fleet in Operation, Inland Barges, by Structure Name,
Deployment Location and Region............................................................................ 82
6.7.5 Current Status, Worldwide Fleet in Operation, Drill Barges, by Structure Name,
Deployment Location and Region............................................................................ 85
6.7.6 Current Status, Worldwide Fleet in Operation, Tender Rigs, by Structure Name,
Deployment Location and Region............................................................................ 87
6.7.7 Current Status, Worldwide Fleet in Operation, Platform Rigs, by Structure Name,
Deployment Location and Region............................................................................ 88
6.7.8 Current Status, Worldwide Fleet in Operation, Submersibles, by Structure Name,
Deployment Location and Region............................................................................ 96
6.8 Expected Newbuild Offshore Rigs, by Country of Manufacturing Shipyard .................... 97
6.8.1 Expected Newbuild Jack-Up Rigs, by Country of Manufacturing Shipyard.............. 97
6.8.2 Expected Newbuild Semisubmersible Rigs, by Country of Manufacturing Shipyard 98
6.8.3 Expected Newbuild Drillships, by Country of Manufacturing Shipyard .................... 99
6.8.4 Expected Newbuild Inland Barges, by Country of Manufacturing Shipyard ........... 100
6.8.5 Expected Newbuild Tender Rigs, by Country of Manufacturing Shipyard ............. 100
7 Appendix ................................................................................................................................. 101
7.1 Methodology ................................................................................................................. 101
7.1.1 Coverage ............................................................................................................... 101
7.1.2 Secondary Research ............................................................................................. 101
7.1.3 Primary Research .................................................................................................. 101
7.1.4 Expert Panel Validation ......................................................................................... 102
7.2 Abbreviations ................................................................................................................ 102
7.3 Contact Us .................................................................................................................... 103
7.4 About GBI Research ..................................................................................................... 103
7.5 Disclaimer ..................................................................................................................... 103
Offshore Rig Construction Market to 2015 and Current Rig GBIGE00050MR / Published OCT 2011
Deployment Scenario - Acquisition of Rivals a Prominent
Strategic Option Page 5
© GBI Research. This is a licensed product and is not to be photocopied
1.1 List of Tables
Table 1: Offshore Rig Construction Industry, Global Revenue (%), 2010 .................................... 11
Table 2: Global Offshore Rig Construction Industry, Segment Analysis, Number of Rigs, 2011–
2015 ............................................................................................................................... 13
Table 3: Total Annual Newbuild Construction Expenditure Forecasts ($bn), 2000–2015 ............ 18
Table 4: Newbuild Jack-Up Rig Construction Expenditure Forecasts ($bn), 2000–2015 ............. 20
Table 5: Newbuild Jack-Up Rig Construction Expenditure Forecasts, Standard Segment ($bn),
2000–2015 ..................................................................................................................... 21
Table 6: Newbuild Jack-Up Rig Construction Expenditure Forecasts, Premium/Ultra-Premium
Segment ($bn), 2000–2015 ........................................................................................... 22
Table 7: Newbuild Semisubmersible Rig Construction Expenditure Forecasts ($bn), 2000–2015
....................................................................................................................................... 24
Table 8: Newbuild Drillship Construction Expenditure Forecasts ($bn), 2000–2015.................... 26
Table 9: Jack-Up (Standard and Premium/Ultra-Premium Segment Combined) Rig Order Cost
($m Per Rig), 2000–2015 ............................................................................................... 28
Table 10: Standard Jack-Up Rig Order Cost ($m Per Rig), 2000–2015 ........................................ 29
Table 11: Premium and Ultra-Premium Jack-Up Rig Order Cost ($m Per Rig), 2000–2015 .......... 30
Table 12: Semisubmersible Rig Order Cost ($m Per Rig), 2000–2015.......................................... 31
Table 13: Drillship Order Cost ($m Per Rig), 2000–2015 ............................................................... 33
Table 14: Newbuild Rig Orders, Updated August 2011 ................................................................. 34
Table 15: Newbuild Rig Construction Orders by Offshore Drilling Contractor, Updated August 2011
....................................................................................................................................... 35
Table 16: Worldwide Jack-Ups Construction Survey, Updated August 2011 ................................. 39
Table 17: Expected Number of Jack-Ups to be Delivered, by Year ............................................... 43
Table 18: Worldwide Semisubmersibles Construction Survey, Updated August 2011 .................. 44
Table 19: Expected Number of Semisubmersibles to be Delivered, by Year ................................. 45
Table 20: Worldwide Drillships Construction Survey, Updated August 2011 ................................. 46
Table 21: Expected Number of Drillships to be Delivered, by Year................................................ 49
Table 22: Worldwide Tender Rigs Construction Survey, Updated August 2011 ............................ 50
Table 23: Expected Number of Tender Rigs to be Delivered, by Year........................................... 51
Table 24: Worldwide Inland Barges Construction Survey, Updated August 2011.......................... 51
Table 25: Offshore Rigs and Expected Newbuilds, as of August 2011 .......................................... 51
Table 26: Global In-Service Rig Fleet Status as of August 2011, by Rig Type .............................. 52
Table 27: Number of Offshore Rigs, by Current Status and Rig Type ........................................... 54
Table 28: Current Status, Worldwide Fleet in Operation, Jack-Up Rigs, by Structure Name,
Deployment Location and Region .................................................................................. 56
Table 29: Current Status, Worldwide Fleet in Operation, Semisubmersible Rigs, by Structure
Name, Deployment Location and Region....................................................................... 73
Table 30: Current Status, Worldwide Fleet in Operation, Drillships, by Structure Name,
Deployment Location and Region .................................................................................. 79
Table 31: Current Status, Worldwide Fleet in Operation, Inland Barges, by Structure Name,
Deployment Location and Region .................................................................................. 82
Table 32: Current Status, Worldwide Fleet in Operation, Drill Barges, by Structure Name,
Deployment Location and Region .................................................................................. 85
Table 33: Current Status, Worldwide Fleet in Operation, Tender Rigs, by Structure Name,
Deployment Location and Region .................................................................................. 87
Table 34: Current Status, Worldwide Fleet in Operation, Platform Rigs, by Structure Name,
Deployment Location and Region .................................................................................. 88
Table 35: Current Status, Worldwide Fleet in Operation, Submersibles, by Structure Name,
Deployment Location and Region .................................................................................. 96
Table 36: Expected Newbuild Jack-Up Rigs, by Country of Manufacturing Shipyard .................... 97
Table 37: Expected Newbuild Semisubmerible Rigs, by Country of Manufacturing Shipyard ........ 98
Table 38: Expected Newbuild Drillships, by Country of Manufacturing Shipyard ........................... 99
Table 39: Expected Newbuild Inland Barges, by Country of Manufacturing Shipyard ................. 100
Table 40: Expected Newbuild Tender Rigs, by Country of Manufacturing Shipyard .................... 100
Table 41: Abbreviations ............................................................................................................... 102
Offshore Rig Construction Market to 2015 and Current Rig GBIGE00050MR / Published OCT 2011
Deployment Scenario - Acquisition of Rivals a Prominent
Strategic Option Page 6
© GBI Research. This is a licensed product and is not to be photocopied
1.2 List of Figures
Figure 1: Offshore Rig Construction Industry, Global Revenue (%), 2010 ...................................... 11
Figure 2: Global Offshore Rig Construction Industry, Segment Analysis, Number of Rigs, 2011–
2015 ............................................................................................................................... 12
Figure 3:Total Annual Newbuild Construction Expenditure Forecasts ($bn), 2000–2015 ............... 17
Figure 4: Newbuild Jack-Up Rig Construction Expenditure Forecasts ($bn), 2000–2015 ............... 19
Figure 5: Newbuild Jack-Up Rig Construction Expenditure Forecasts, Standard Segment ($bn),
2000–2015 ..................................................................................................................... 21
Figure 6: Newbuild Jack-Up Rig Construction Expenditure Forecasts, Premium/Ultra-Premium
Segment ($bn), 2000–2015 ........................................................................................... 22
Figure 7: Newbuild Semisubmersible Rig Construction Expenditure Forecasts ($bn), 2000–2015. 23
Figure 8: Newbuild Drillship Construction Expenditure Forecasts ($bn), 2000–2015...................... 25
Figure 9: Jack-Up (Standard and Premium/Ultra-Premium Segment Combined) Rig Order Cost ($m
Per Rig), 2000–2015 ...................................................................................................... 27
Figure 10: Standard Jack-Up Rig Order Cost ($m Per Rig), 2000–2015......................................... 29
Figure 11: Premium and Ultra-Premium Jack-Up Rig Order Cost ($m Per Rig), 2000–2015 .......... 30
Figure 12: Semisubmersible Rig Order Cost ($m Per Rig), 2000–2015 .......................................... 31
Figure 13: Drillship Order Cost ($m Per Rig), 2000–2015 ............................................................... 32
Figure 14: Newbuild Rig Orders, Updated August 2011.................................................................. 34
Figure 15: Expected Number of Jack-Ups to be Delivered, by Year ............................................... 43
Figure 16: Expected Number of Semisubmersibles to be Delivered, by Year ................................. 45
Figure 17: Expected Number of Drillships to be Delivered, by Year ................................................ 49
Figure 18: Expected Number of Tender Rigs to be Delivered, by Year ........................................... 50
Figure 19: Global In-Service Rig Fleet Status as of August 2011, by Rig Type .............................. 52
Figure 20: Global Newbuild Rig Fleet Status as of August 2011, by Rig Type ................................ 53
Figure 21: Number of Offshore Rigs, by Current Status and Rig Type............................................ 53
Figure 22: Expected Newbuild Jack-Up Rigs, by Country of Manufacturing Shipyard .................... 97
Figure 23: Expected Newbuild Semisubmerible Rigs, by Country of Manufacturing Shipyard ........ 98
Figure 24: Expected Newbuild Drillships, by Country of Manufacturing Shipyard ........................... 99
Figure 25: Expected Newbuild Tender Rigs, by Country of Manufacturing Shipyard .................... 100
Offshore Rig Construction Market to 2015 and Current Rig GBIGE00050MR / Published OCT 2011
Deployment Scenario - Acquisition of Rivals a Prominent
Strategic Option Page 7
© GBI Research. This is a licensed product and is not to be photocopied
2 Future of the Offshore Rig Construction Market and Current Rig
Deployment Scenario – Introduction
The offshore rig construction market is linked to the demand-supply scenario of offshore rigs
worldwide, which both directly and indirectly affects offshore rig day rates, and the availability and
deployment of rigs globally. This demonstrates how important a part of the value chain the market
is with regards to the upstream oil and gas industry.
The report “Future of the Offshore Rig Construction Market and Current Rig Deployment Scenario
– Rig Contractors Currently Preferring to Acquire Rival Companies as Part of Business Strategy”
provides an in-depth analysis of the offshore rig construction market, key trends and challenges,
geographic and segmental analysis, and all the key information and relevant historic, present and
forecast data with regards to the offshore rig construction market. It also provides an extensive data
and information coverage on all major offshore rig types currently deployed worldwide.
The three key segments of the offshore rig construction industry are covered under jack-up rigs,
semisubmersibles and drillships. However, other rig types are used by offshore drilling contractors
for specific applications.
2.1 Report Guidance
· The report starts with an executive summary which covers the key points regarding the future
of the offshore rig construction market until 2015.
· Chapter 2 provides introductory details for the topics covered in this offshore rig construction
market report.
· Chapter 3 provides an overview of the offshore rig construction market, with brief explanations
of key segments within the offshore rig construction industry and its significance in the
upstream value chain.
· Chapter 4 contains a geographic and seg