Offshore Drilling Rigs Market by 2026 Capacity, Production,
Revenue & Regional Analysis
Offshore Drilling Rigs Market study provides key insights about market
drivers, restraints, opportunities, new product launches or approval,
regional outlook, and competitive strategies adopted by the leading
players.
Offshore drilling is the process of extracting petroleum from rock formation, which lies beneath
the seabed. Several types of offshore rigs are used in different depth and offshore
environmental conditions, such as jack up rigs (up to 500 feet), semisubmersible rigs (up to
10,000 feet), and drillships (up to 12,000 feet). Advancement in technology to compete harsh
environment and increasing demand for energy has driven the offshore drilling rigs market
globally.
Imbalance in the demand and supply is observed over past three years. Moreover, aging and
maturing onshore oilfields have opportunities for development of offshore drilling rigs over the
past few decades and is anticipated to grow at a fast pace over the forecast period. Increasing
environmental concerns and regulations are restraining the growth of offshore drilling rigs
market.
Global Offshore Drilling Rigs Market Taxonomy
On the basis of type, the global offshore drilling rigs are segmented as:
Jackup Rigs