View Report Details Global Jackup Rig Market ----------------------------------------2015
View Report Details Executive Summary Jackup rigs are deployed in all major offshore production basins but are particularly numerous in the Middle East, South East Asia, the US GOM and the North Sea. The largest, most modern Jackups can operate in water depths of up to 490 feet. Jackups drill through slots in their deck or have the ability to extend the drilling equipment out over the side of the deck a cantilever. The global Jackup rig market is all set to witness double digit growth rate in coming years fuelled by the increase in the global offshore exploration and production activity. The offshore exploration and production activity is growing as a result of rise in energy demand due to growing world population. The key factors driving the growth of the Jackup rig market are rapid growth in oil demand, rising global energy demand, growth in E&P spending and growing economy. Some of the noteworthy trends and developments of this industry are contracted and uncontracted Jackup rig market and expansion of Jackup rig market in South East Asia. However, the expansion of global Jackup rig market is hindered by depletion of oil reserves, declining commodity prices and cyclical weakness in deep water market. The report “Global Jackup Rig Market” provides an in-depth analysis of the Jackup rig market, with a focus on regions including the South East Asia, Middle East and Mexico. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The major players in the industry, Keppel Corporation, Sembcorp Industries and Cosco Corporation are being profiled. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
The key factors driving the growth are oil demand, rising global E&P spending and growing global economy. Global Jackup Rig Market by Fleet Size (2004-2014) The global Jackup rig market increased to … units in 2014 from … units in 2013 representing a growth of …%. The same registered at CAGR of …% during the period 2004-2014.
Units
In 2014, a total of … Jackup rigs were delivered with Singapore’s Keppel shipyard claiming the maximum share and record for the largest number of rig deliveries. •
In 2014, Middle East was the largest market for jackups, with … % share of overall market in terms of number of rigs demanded. Southeast Asia is the second largest markets with …% share, followed by Central America and North West America with …% share each of global jackup rig demand.
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
umber of Global Jackup Deliveries
Global Jackup Delivery Trend (2004-2015E)
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015E
Global Jackup Rig Market by Region (2014)
The key factors driving the growth are oil demand, rising global E&P spending and growing global economy. Jackups in South East Asia (2008-2014) Southeast Asia which is made up of Brunei, Indonesia, Malaysia, Singapore, Thailand, and Vietnam among others is rich with hydrocarbon resources. The region has … Jackup rigs in 2014, as compared to … in 2013.
Number of Rigs
As of 2014, there are … Jackups rigs in Middle East; out of which … Jackups are actively performing drilling and work over operations in the Persian Gulf and rest … Jackups rigs in Red Sea. Mexico is one of the largest markets for Jackup rigs with nearly … Jackups rigs in 2014, as compared to … in 2013. 2008
2009
2010
2011
2012
2013
2014
Jackups in Middle East (2008-2014)
Number of Rigs
Number of Rigs
Jackups in Mexico (2008-2014)
2008 2008
2009
2010
2011
2012
2013
2014
2009
2010
2011
2012
2013
2014
Economic development, increase in the offshore drilling activities and global E&P expenditure are the chief factors that will drive the Jackup rigs market…
Units
Global Jackup Rigs Market Forecast (2013-2017E
2013
2014
2015E
2016E
2017E
•
The global demand of Jackup rigs is poised to grow at compounded annual growth rate of …% from … units in 2014 to … units in 2017.
•
The economic growth of a country leads to an increase in wealth, thereby contributing in the growth of respective market as the global energy demand increases.
•
With rising demand of energy, growth in oil demand, increasing GDP and increasing global E&P spending, demand of Jackup rigs is increasing at a very fast pace.
•
The future growth of Jackup rigs market would mainly be driven by investing in offshore drilling exploration activities and global GDP.
Contact Us:Details View Report These are abridged and sanitized sample pages from the comprehensive report on the “ Global Jack-Up Rig Market ”. To know more about this report or for any customized research requirement, please contact the following:
Koncept Analytics
Vikas Gupta BD Manager
CS-36, Second Floor, Ansal Plaza Vaishali, Ghaziabad, U.P. – 201010 T. +91-120-4130959 C: +91-9811715635 vikas@konceptanalytics.com
www.konceptanalytics.com