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FEATURED COMPANIES
- Ensco Rowan Plc
- Noble Corp. Plc
- Transocean Ltd.
1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
Global Drillships Market: About this market
Drillships are marine vessels used for oil and gas drilling operations in offshore areas. The drillships market analysis considers the application of drillships in ultra-deepwater and deepwater. Our analysis also considers the application of drillships in APAC, Europe, MEA, North America, and South America. In 2018, the ultra-deepwater segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as recovering crude oil prices will play a significant role in the ultra-deepwater segment to maintain its market position. Also, our global drillships market looks at factors such as advantages of drillships over other offshore drilling units, rising global energy demand, and growing offshore E&P activities. However, fluctuating crude oil prices, challenges associated with drillships, and growing adoption of renewable energy sources may hamper the growth of the drillships industry over the forecast period.
Global Drillships Market: Overview
Advantages of drillships over other offshore drilling units
Oil and gas E&P operations are increasingly using drillships in deepwater and ultra-deepwater oilfields due to their capabilities to drill over 8,000 feet. Many modern drillships can drill up to 12,000 feet, whereas other offshore drilling units are capable of drilling only up to 5,000 feet. Drillships also require low initial and operational cost compared to other offshore drilling units. Many such advantages of drillships over other offshore drilling units are expected to drive the growth of the global drillships market at a CAGR of almost 11% during the forecast period.
Technical advances in drillships
Oil and gas E&P operators demand drillships to provide technical capabilities to drill in harsh marine conditions. To cater to this demand, vendors in the market are developing technically advanced drillships that can operate in remote areas, deepwater and ultra-deepwater oilfields. To mitigate the hazards involved in the oil and gas E&P operations, vendors are integrating automation to enhance workers’ safety and operational efficiency. These developments are positively influencing the growth of the global drillships market size.
Competitive Landscape
With the presence of several players, the global drillships market is fairly fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several drillship companies, that include Diamond Offshore Drilling Inc., Ensco Rowan Plc, Noble Corp. Plc, Samsung Heavy Industries Co. Ltd., and Transocean Ltd.
Also, the drillships market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Drillships are marine vessels used for oil and gas drilling operations in offshore areas. The drillships market analysis considers the application of drillships in ultra-deepwater and deepwater. Our analysis also considers the application of drillships in APAC, Europe, MEA, North America, and South America. In 2018, the ultra-deepwater segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as recovering crude oil prices will play a significant role in the ultra-deepwater segment to maintain its market position. Also, our global drillships market looks at factors such as advantages of drillships over other offshore drilling units, rising global energy demand, and growing offshore E&P activities. However, fluctuating crude oil prices, challenges associated with drillships, and growing adoption of renewable energy sources may hamper the growth of the drillships industry over the forecast period.
Global Drillships Market: Overview
Advantages of drillships over other offshore drilling units
Oil and gas E&P operations are increasingly using drillships in deepwater and ultra-deepwater oilfields due to their capabilities to drill over 8,000 feet. Many modern drillships can drill up to 12,000 feet, whereas other offshore drilling units are capable of drilling only up to 5,000 feet. Drillships also require low initial and operational cost compared to other offshore drilling units. Many such advantages of drillships over other offshore drilling units are expected to drive the growth of the global drillships market at a CAGR of almost 11% during the forecast period.
Technical advances in drillships
Oil and gas E&P operators demand drillships to provide technical capabilities to drill in harsh marine conditions. To cater to this demand, vendors in the market are developing technically advanced drillships that can operate in remote areas, deepwater and ultra-deepwater oilfields. To mitigate the hazards involved in the oil and gas E&P operations, vendors are integrating automation to enhance workers’ safety and operational efficiency. These developments are positively influencing the growth of the global drillships market size.
Competitive Landscape
With the presence of several players, the global drillships market is fairly fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several drillship companies, that include Diamond Offshore Drilling Inc., Ensco Rowan Plc, Noble Corp. Plc, Samsung Heavy Industries Co. Ltd., and Transocean Ltd.
Also, the drillships market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Ensco Rowan Plc
- Noble Corp. Plc
- Transocean Ltd.
PART 01: EXECUTIVE SUMMARYPART 07: CUSTOMER LANDSCAPEPART 09: DECISION FRAMEWORKPART 15: EXPLORE
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 08: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
List of Exhibits
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Ensco Rowan Plc
- Noble Corp. Plc
- Transocean Ltd.
The following companies are recognised as the key players in the global drillships market: Diamond Offshore Drilling Inc., Ensco Rowan Plc, Noble Corp. Plc, Samsung Heavy Industries Co. Ltd., and Transocean Ltd.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the technical advances in drillships.”
According to the report, one of the major drivers for this market is the advantages of drillships over other offshore drilling units.
Further, the report states that one of the major factors hindering the growth of this market is the growing adoption of renewable energy sources.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the technical advances in drillships.”
According to the report, one of the major drivers for this market is the advantages of drillships over other offshore drilling units.
Further, the report states that one of the major factors hindering the growth of this market is the growing adoption of renewable energy sources.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Diamond Offshore Drilling Inc.
- Ensco Rowan Plc
- Noble Corp. Plc
- Samsung Heavy Industries Co. Ltd.
- Transocean Ltd.
Note: Product cover images may vary from those shown
