Offshore Drilling Rigs Market Analysis, Size, Share, Growth and Trends, Forecast to 2022 Market Highlights Offshore drilling rigs are an important part for drilling underneath seabed. These drilling methods are used in order to extract natural resources such as oil and gas from the earth. While extracting oil from below the surface of the ocean used to be much more difficult than the traditional onshore drilling method of making wells on land and drilling holes, offshore drilling has become easier through the innovative methods that have surfaced such as making either floating or fixed platforms on the bed of the ocean to support drilling. Geographically, the Global Offshore Drilling Rigs Market has been divided into Americas, Europe and Asia Pacific. Among these regions, North America was the dominating market for specialty oilfield chemicals in 2016. The enormous potentials in the enhanced oil recovery and shale reserves exploration, particularly in Canada and Mexico, are expected to further drive the specialty oilfield chemicals market in North America. On the other hand, the Middle East & Africa is projected to witness the highest growth rate during the forecast period, followed by Latin America and Europe. The active participation of countries such as Saudi Arabia and Iran are expected to propel the high growth for the market. Latin America & Europe is driven by the deep-water and unconventional oil & gas projects that are more challenging and require specialty chemicals for increased productivity. Offshore drilling rigs are an important part for drilling underneath seabed. These drilling methods are used in order to extract natural resources such as oil and gas from the earth. While extracting oil from below the surface of the ocean used to be much more difficult than the traditional onshore drilling method of making wells on land and drilling holes, offshore drilling has become easier through the innovative methods that have surfaced such as making either floating or fixed platforms on the bed of the ocean to support drilling.
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The early diners are offered free customization- Up To 20% Market Research Future Analysis: Market Research Future analysis show that the global market of offshore drilling rigs market is estimated to grow at significant growth by the end of year 2022. • The demand for offshore drilling rigs in the Asia Pacific region is expected to rise the demand for growing exploration activities in Southeast Asia. Latin America is leading the market of offshore drilling rigs due to equipped with increased cargo capacity and enhanced crew amenities and automation system. Offshore drilling rigs are used for drilling and exploration activities in the offshore arena. The market is also expected to gain traction from the rising investments in oil and gas activities. Moreover, growth of the offshore drilling 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 U.S. Growing demand for deepwater activities in the Asia-Pacific region and further drilling into mid ocean are driving the demand for jackup rigs in the region. The increase in the number of investments from operators, especially for deep and ultra-deep water activities, fuels the growth of the offshore drilling rigs market.
Application & Major Players in this Research: Key Players • The major player operating in the market of offshore drilling rigs are • Aban Offshore Limited, • China Oilfield Services Ltd, • Ensco plc, • Diamond Offshore Drilling Inc., • Vantage Drilling Co., • Pacific Drilling, • KCA Deutag, • Maersk Drilling, • Nabors Industries Ltd, • Nobel Corporation • others.
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