The Jack-up Rig is essentially a mobile
platform that is employed as exploratory drilling platform & offshore
platform which comprises of a light hull with transportable legs along with
holding the competence of lifting the hull over the sea surface. The Light hull
is a water-tight barge that glides on the surface of the water & employed
to transport all machinery to a specific position. In addition, the Rigs are
enormous structures or machines containing of mud tanks, mud pumps, derrick or
mast, draw works, rotary table, drill string, power generation equipment and
auxiliary equipment. Rigs are effectively utilized in drilling a wellbore. Some
rigs are employed on water and frequently built on ships or barges whereas,
some rigs are predestined to be utilized on surface.
According to the report analysis, ‘Global
Jack-Up Rig Market Size study, by Type (Independent Leg Type, Mat
Type), by Application (Mobile Offshore Drilling Units, Offshore Wind Turbine
Installations, Others), by Operating Depth (Shallow Water, Deep Water,
Ultra-Deep Water) and Regional Forecasts 2018-2025’ states that in the
worldwide jack-up rig market, there several companies which presently operating
for leading the fastest market growth and registering the great value of market
share around the globe throughout the short span of time while decreasing the
price of the services and technologies, delivering the better consumer
satisfaction, analyzing and studying the government initiatives, policies and
strategies and employing the intellectual workforce to handle the technical
functions includes Rowan Companies, Noble Corporation, KCA Deutag, Diamond
Offshore, Maersk Drilling, COSL, Seadrill, Transocean and several others.
Additionally, The Jack-Up Rig is mounting and
enlarging at a significant pace. The Jack-up rig market is principally
influenced by ever-increasing urbanization, surging oil requirement in both the
developed and underdeveloped countries, increasing investments in offshore
drilling exploration activities and the positive growth in the economic growth
around the globe. However, the aspects such as volatility in oil prices along
with exhaustion of oil reserves market is further paving the method for the
advancement and growth of Jack-up rig market.
Not only has this, based on the region, the
market of jack-up rig is spread around the globe which majorly involves Asia
Pacific, North America, Europe, Latin America and Rest of the World. In the
global jack-up rigs market, the North America is the fastest intensifying
region across the world in terms of market share. Whereas, due to the countries
such as China, Japan, and India, Asia Pacific region is anticipated to be the
dominating region in the worldwide
jack-up rig market over the forecast period of 2018-2025.
Nonetheless, Middle East is a foremost
contributor to the worldwide jack-up rig market supported by positive augment
in the utilization of jack-up rigs. This region is predicted to experience
further growth with the enormous growth in the new buildup jack-up rigs and
incrementing requirement from the UAE and Qatar regions. Therefore, in the near
years, it is anticipated that the market of worldwide jack-up rig will increase
around the globe over the near years more significantly over the coming years.
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Contact Us:
Ken Research
Ankur Gupta, Head Marketing &
Communications
+91
9015378249
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