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Semi-Submersible Rigs market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast, 2014 2020
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REPORT DESCRIPTION
Semi submersible rigs are specialized marine vessels and are specifically used for the offshore oil and gas drilling market. The growth of the offshore drilling industry in the future is likely to facilitate the market demand for semi submersible rigs during the forecasted period. Fixed structures are not feasible for carrying out offshore drilling activities which is why these semi submersible rigs are gradually coming into demand. The semi submersible rigs comprise of a deck supported by pillars, which are further connected to pontoons. The pontoons generally go entirely underwater and provide a platform which isn’t susceptible to ocean turbulence. These semi submersible rigs generally find the most applications in areas where the drilling depth is above 500 meters. Browse Full Report with TOC: http://www.transparencymarketresearch.com/semi-submersible-rigs.html These semi submersible rigs make robust and stable platforms to effectively commence drilling of offshore hydrocarbon reserves. These semi submersible rigs can be towed into position using tugboats, after which they are anchored into place. Semi-submersible rigs also come equipped with dynamic positioning systems and azimuth thrusters which can help them maintain proper positioning without the use of external force. Semi submersible rigs offer a number of advantages over other forms of drilling rigs. It is distinctly different from fully submersible rigs which rest at the bottom of the sea. Semi submersible rigs being disjointed from the seabed can operate in much deeper water as compared to fully submersible rigs. The semi submersible rigs offer high mobility and stability factors especially in a variety of marine conditions. These rigs can be towed at relatively faster speeds and can also operate in larger working areas. These rigs are relatively more expensive to build and operate but justify the initial capital investment over the long run. A major restraint to this market is that it requires large dry dock facilities for repairs. In the event of absence of such facilities, the rigs must be tower to large distances for repairing purposes thus increasing costs. The rigs may be segmented on the basis of depth of water in which they commence drilling. The depths can be segmented as deepwater and ultra deep-water drilling operations. The rigs can also be segmented on the basis of the mooring systems used. The semi
submersible rigs can use either active mooring or passive mooring systems. Whilst the active mooring systems rely extensively on thrusters and dynamic positioning capability the passive mooring systems rely on wires, chains or anchors to maintain a constant position. The offshore rig market has overshot the global demand in terms of supply and is essentially an industry suffering from overcapacity currently. The Latin American countries along with Brazil, Mexico and Venezuela are some of the major global hubs for the offshore drilling industry. Mexico, Central and South America are showing an extremely attractive rig utilization rate which is a healthy indicator of growing demand in the future. The European offshore rig market is mature in nature and has shown very moderate growth rates since 2010. The Asia-Pacific demand for semi submersible rigs is likely to show attractive growth rates within the forecast period. The region has a semi submersible rigs utilization rate of over 70% and is likely to emerge as one of the most attractive markets in the future. The geographical market segmentation can be done as Asia- Pacific, The Americas, Europe and Middle East & Africa (MEA). Some of the major market players in Semi-Submersible Rigs market include Aker Engineering and Technology, Huisman Equipment B.V., Ocean Rig and CIMC group among others. Read More Reports on Consumer Goods Markets: http://www.transparencymarketresearch.com/consumer-goods-market-reports7.html This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Rest of the World
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. Reasons for Buying this Report
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Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Our data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Latest Upcoming Reports: http://www.transparencymarketresearch.com/upcoming.htm Followed LinkedIn :- https://www.linkedin.com/today/post/article/20140721061518-349336221-semi-submersible-rigs-market Contact: Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453
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