View Report Details Global Jackup Rig Market Report ----------------------------------------2016
View Report Details Executive Summary Jackups are mobile, self-elevating drilling platforms equipped with legs that can be lowered to the ocean floor until a foundation is established for support. The rig hull includes the drilling rig, jacking system, crew quarters, loading and unloading facilities, storage areas for bulk and liquid materials, helicopter landing deck and other related equipment. 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 key factors driving the growth of the Jackup rig market are accelerating economic growth, growing population worldwide, increasing oil demand and investment growth in offshore drilling exploration activities. Some of the noteworthy trends and developments of this industry are rise in shallow water rig constriction activity, rapidly growing demand for premium and ultra-premium jackups and offshore demand to remain under pressure. However, the expansion of global Jackup rig market is hindered by oil price volatility and E&P capex cuts and depletion of oil reserves. The report “Global Jackup Rig Market” provides an in-depth analysis of the Jackup rig market, with a focus on major regions. 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 crude oil prices and demand from emerging countries are major factors to drive the market Global Jackup Rig Market by Fleet Size (2005-2015) The global count of jackup rigs has increased to … units in 2015 from … in 2014, showing an incline of …%. Units
Chinese had a market share of …% in 2014, up from …% in 2010. The market share of Singaporean yards has fallen from …% to …% over the same period. As of 2015, experienced owners and shipyards/manufacturers accounted for the largest share of …% of each in the global jackup orderbook. It was followed by CS coverage, operator owned, investment vehicles and Mexican operators with share of …%, …%, …% and …% respectively.
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Global Jackup Rig Market Share by Region (2007-2015)
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Global Jackup Orderbook Breakdown (2015)
Increasing oil demand and investment growth in offshore drilling exploration activities are driving the market…. Share of New Jackup Orderbook (2015) In 2015, un-contracted speculators accounted for the largest share with …% in overall jackup order book. The un-contracted established drillers and contracted established drillers held …% and …% share respectively. In terms of specification the global high spec was recorded at US$... in January 2016, followed by 350’+IC, 300’-349IC, <300’IC and IS, MS, MC with US$139,013…., US$...., US$.... and US$.... respectively.
Ave ra ge Da y Ra te
Global Jackup Day Rates by Rig Specification (Jan 2008-Jan 2016)
N u m b e r o f G lo b a l J a c k u p D e liv e rie s
As of 2015, a total of … jackup rigs were delivered with Chinese shipyard claiming the maximum share and record for the largest number of rig deliveries.
Global Jackup Delivery by Volume (2006-2015)
2006
39448
39814
40179
40544
40909
41275
41640
42005
42370
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2011
2012
2013
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2015
The future outlook would mainly be driven by increasing oil and energy demand and global population
Units
Global Jackup Rigs Market Forecast (2015-2019E)
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The global jackup rigs market is estimated to grow at a CAGR of …% from … units in 2014 to … units in 2019. •
With rising demand of oil, increasing energy demand, growing GDP and global population, demand of jackup rig market is increasing at a very fast pace.
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Koncept Analytics
Vikas Gupta BD Manager
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