Global Floating Rig (Floater) Market: Trends and Opportunities (2014-2019)

Global Floating Rig (Floater) Market: Trends and Opportunities (2014-2019)

  • February 2014 •
  • 72 pages •
  • Report ID: 2040584 •
  • Format: PDF
Scope of the Report

The report titled “Floating Rig (Floater) Market: Trends and Opportunities (2014-2019)” provides an in-depth analysis of global floater rigs market with focus on the regional markets of its sub-categories – Drillships and Semisubmersibles. The report analyses mobile offshore drilling units by types and geography and also provides broad coverage of floater rigs in major regions of the world such as North Sea, Gulf of Mexico, South East Asia, Central & South America and West Africa/Mediterranean. The report also assesses the key opportunities and underlying trends in the market and outlines the factors that are and will be driving the growth of the industry in the forecasted period (2014-19). Further, key players of the industry such as Transocean Limited, Ensco plc and Noble Corporation are also profiled in the report.

Geographical Coverage

- North Sea
- Gulf of Mexico
- South East Asia
- Central & South America
- West Africa/Mediterranean

Segment Coverage

- Drillships
- Submersibles
Company Coverage
- Transocean Limited
- Ensco plc
- Noble Corporation

Executive Summary

Offshore oilfield services are one of the most important segments of the oilfield value chain as it provides equipments and services to help producers explore, extract, and transport oil and natural gas. Offshore oilfield assets can be broadly classified into two categories, namely Rigs and Support vessels. Rigs are gigantic structures or machines that are used in the process of drilling a wellbore. In order to drill oil wells offshore, either a floating or bottom-supported rig is required.

Floaters are offshore drilling platform without a fixed base and are used for drilling in water depths of more than 100 meters. Floaters belong to mobile bottom structured drilling structure rig type and it can be further classified as drillships and semisubmersible rigs. Floaters can also be categorized as Midwater Floaters, Deepwater Floaters or Ultra-deepwater Floaters depending on water depth.

The global deepwater market is experiencing surge in demand for floater rigs. Rise in demand for floaters is majorly driven by increase in global offshore expenditure, robust oil prices, increase in rig count and deep and ultra deepwater exploration and production. However, factors such as offshore cost inflation, limited access to resources and complex deepwater developments are posing challenge to growth of the industry. Major trends prevailing in the industry includes shift towards drillships and advent of newbuild floaters.
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