Global Jackup Rigs Market Global Forecast to 2030

Jackup Rigs Market Information Report by Type (Independent Leg Type, Mat-type Jackups), by Application (Oil & Gas and Offshore Wind Turbine Installations), by Operating Depth (Shallow Water, Deep Water, Ultra Deep Water) and by Regions - Global Forecast To 2030

ID: MRFR/E&P/1965-HCR | February 2021 | Region: Global | 111 pages

Impact of the Covid-19 Outbreak on the Jack-up Rigs Market
Jack-up Rigs Market


Source: Primary Experts, Secondary Sources and MRFR Analysis


The spread of the COVID-19 pandemic has negatively impacted the global jack-up rigs market, which is a child market of the offshore drilling rigs market. The pandemic has affected not only public health but also the global economy. The gradual expansion of the pandemic across various regions of the world has largely impacted the oil industry. The decreasing demand, as well as the declining prices of crude oil, have significantly affected the jack-up rigs market. Besides, the increasing investments in offshore drilling and technological advancements in equipment have made drilling cost-effective and feasible. However, the COVID-19 outbreak has changed the entire scenario. The outbreak has disrupted supply chains as well as the R&D activities, which has impacted the advancements in equipment. This has profoundly influenced the growth of the market. Jack-up rigs are widely used in offshore drilling rigs. These rigs are self-elevating mobile drilling platforms arranged with legs which can be lowered to the ocean floor to establish a foundation for support. They are used in shallow water regions and can operate in depths exceeding 350 feet.


FIGURE: PRODUCTION OF CRUDE OIL IN TOP 5 LEADING COUNTRIES


Source: Secondary Sources


The crude oil production has decreased during the lockdown and is expected to continue declining in the post-lockdown period. The prices of crude oil are expected to increase after July 2020 or in the 1st quarter of 2021, as per the analysis conducted by MRF. The outbreak of the coronavirus has decreased the demand for deep-water activities, especially in the Asia-Pacific region. All the factors mentioned above are responsible for the decline in the jack-up rigs market. The market is expected to grow in the post-lockdown period.

Table of Contents

1 Executive Summary

2 Research Methodology

2.1 Scope of the Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4 Global Jackup Rigs Market, By Type

4.1 Introduction

4.2 Independent Leg type

4.3. Mat type

5 Global Jackup Rigs Market, By Application

5.1 Introduction

5.2. Mobile offshore drilling units

5.3. Offshore wind turbine installations

6 Global Jackup Rigs Market, By Application

6.1 Introduction

6.2. Shallow water

6.3. Deep water

6.4. Ultra deep water

7 Regional Market Analysis

7.1 Introduction

7.2 North America

7.2.1 U.S.

7.2.2 Mexico

7.2.3 Rest of America

7.3 Europe

7.3.1 U.K.

7.3.2 Norway

7.3.3 Rest of Europe

7.4 Asia-Pacific

7.4.1 China

7.4.2 Indonesia

7.4.3 Malaysia

7.4.4 Thailand

7.4.5 Rest of Asia-Pacific

7.5 Middle East

7.5.1 Saudi Arabia

7.5.2 UAE

7.5.3 Kuwait

7.5.3 Rest of Middle East

7.6 Africa

7.6.1 Nigeria

7.6.2 Egypt

7.6.3 Angola

7.6.4 Rest of Africa

7.7 Rest of the World

8 Competitive Analysis

8.1 Introduction

8.2 Competitive Scenario

8.2.1 Market Share Analysis

8.2.2 Market Development Analysis

8.2.3 Product offering/Service Benchmarking

8.3 Rowan Companies

8.3.1 Overview

8.3.2 Product offering/Service Offering

8.3.3 Strategy

8.4 Noble Corporation

8.4.1 Overview

8.4.2 Product offering/Service Offering

8.4.3 Strategy

8.5 KCA Deutag.

8.5.1 Overview

8.5.2 Product offering/Service Offering

8.5.3 Strategy

8.6 Maersk Drilling.

8.6.1 Overview

8.6.2 Product offering/Service Offering

8.6.3 Strategy

8.7 Diamond Offshore

8.7.1 Overview

8.7.2 Product offering/Service Offering

8.7.3 Strategy

8.8 COSL

8.8.1 Overview

8.8.2 Product offering/Service Offering

8.8.3 Strategy

8.9 Transocean

8.9.1 Overview

8.9.2 Product offering/Service Offering

8.9.3 Strategy

8.10 Seadrill

8.10.1 Overview

8.10.2 Product offering/Service Offering

8.10.3 Strategy

8.11 ENSCO Plc

8.11.1 Overview

8.11.2 Product offering/Service Offering

8.11.3 Strategy

8.12 Halliburto

8.12.1 Overview

8.12.2 Product offering/Service offering

8.12.3 Strategy
LIST OF TABLES

TABLE 1 GLOBAL JACKUP RIGS MARKET, BY TYPE

TABLE 2 GLOBAL JACKUP RIGS MARKET, BY OPERATING DEPTH

TABLE 3 GLOBAL JACKUP RIGS MARKET, BY APPLICATION

TABLE 4 GLOBAL JACKUP RIGS MARKET, BY REGIONS

TABLE 5 NORTH AMERICA JACKUP RIGS MARKET, BY TYPE

TABLE 6 NORTH AMERICA JACKUP RIGS MARKET, BY OPERATING DEPTH

TABLE 7 NORTH AMERICA JACKUP RIGS MARKET, BY APPLICATION

TABLE 8 U.S. JACKUP RIGS MARKET, BY TYPE

TABLE 9 U.S. JACKUP RIGS MARKET, BY OPERATING DEPTH

TABLE 10 U.S. JACKUP RIGS MARKET, BY APPLICATION

TABLE 11 CANADA JACKUP RIGS MARKET, BY TYPE

TABLE 12 CANADA JACKUP RIGS MARKET, BY OPERATING DEPTH

TABLE 13 CANADA JACKUP RIGS MARKET, BY APPLICATION

TABLE 14 EUROPE JACKUP RIGS MARKET, BY TYPE

TABLE 15 EUROPE JACKUP RIGS MARKET, BY OPERATING DEPTH

TABLE 16 EUROPE JACKUP RIGS MARKET, BY APPLICATION

TABLE 17 GERMANY JACKUP RIGS MARKET, BY TYPE

TABLE 18 GERMANY JACKUP RIGS MARKET, BY OPERATING DEPTH

TABLE 19 GERMANY JACKUP RIGS MARKET, BY APPLICATION

TABLE 20 FRANCE JACKUP RIGS MARKET, BY TYPE

TABLE 21 FRANCE JACKUP RIGS MARKET, BY OPERATING DEPTH

TABLE 22 FRANCE JACKUP RIGS MARKET, BY APPLICATION

TABLE 23 U.K. JACKUP RIGS MARKET, BY TYPE

TABLE 24 U.K. JACKUP RIGS MARKET, BY OPERATING DEPTH

TABLE 25 U.K. JACKUP RIGS MARKET, BY APPLICATION

TABLE 26 REST OF EUROPE JACKUP RIGS MARKET, BY TYPE

TABLE 27 REST OF EUROPE JACKUP RIGS MARKET, BY OPERATING DEPTH

TABLE 28 REST OF EUROPE JACKUP RIGS MARKET, BY APPLICATION

TABLE 29 ASIA-PACIFIC JACKUP RIGS MARKET, BY TYPE

TABLE 30 ASIA-PACIFIC JACKUP RIGS MARKET, BY OPERATING DEPTH

TABLE 31 ASIA-PACIFIC JACKUP RIGS MARKET, BY APPLICATION

TABLE 32 ROW JACKUP RIGS MARKET, BY TYPE

TABLE 33 ROW JACKUP RIGS MARKET, BY OPERATING DEPTH

TABLE 34 ROW JACKUP RIGS MARKET, BY APPLICATION 

LIST OF FIGURES

FIGURE 1 RESEARCH OPERATING DEPTH

FIGURE 2 GLOBAL JACKUP RIGSMARKET: BY TYPE (%)

FIGURE 3 GLOBAL JACKUP RIGSMARKET: BY OPERATING DEPTH (%)

FIGURE 4 GLOBAL JACKUP RIGSMARKET: BY APPLICATION (%)

FIGURE 5 GLOBAL JACKUP RIGSMARKET: BY REGION

FIGURE 6 NORTH AMERICA JACKUP RIGS MARKET, BY TYPE (%)

FIGURE 7 NORTH AMERICA JACKUP RIGS MARKET, BY OPERATING DEPTH (%)

FIGURE 8 NORTH AMERICA JACKUP RIGS MARKET, BY APPLICATION (%)

FIGURE 9 EUROPE JACKUP RIGS MARKET, BY TYPE (%)

FIGURE 10 EUROPE JACKUP RIGS MARKET, BY OPERATING DEPTH (%)

FIGURE 11 EUROPE JACKUP RIGS MARKET, BY APPLICATION (%)

FIGURE 12 ASIA-PACIFIC JACKUP RIGS MARKET, BY TYPE (%)

FIGURE 13 ASIA-PACIFIC JACKUP RIGS MARKET, BY OPERATING DEPTH (%)

FIGURE 14 ASIA-PACIFIC JACKUP RIGS MARKET, BY APPLICATION (%)

FIGURE 15 ROW JACKUP RIGS MARKET, BY TYPE (%)

FIGURE 16 ROW JACKUP RIGS MARKET, BY OPERATING DEPTH (%)

FIGURE 17 ROW JACKUP RIGS MARKET, BY APPLICATION (%)