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Mobile Offshore Drilling Units Market Size 2021: Emerging Technologies, Sales Revenue, Key Players Analysis, Development Status, Opportunity Assessment and Industry Expansion Strategies 2023
Posted on May 5 2021 9:01 AM
"Mobile Offshore Drilling Units Market Research Report covers segment data, including: type segment, industry segment, channel segment etc. cover different segment Mobile Offshore Drilling Units Market size, both volume and value. Also cover different industries client's information, which is very important for the manufacturers with Forecast Period 2021-2023.
Global Mobile Offshore Drilling Units Market Research Report study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds impact on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.Mobile Offshore Drilling Units Market Research Report is highly research-intensive, powered by high R & D investment, and it possesses a strong product analysis to maintain growth and ensure long-term revenue generation.
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Mobile Offshore Drilling Units Market report offers a comprehensive view regarding the competitive landscape of the Mobile Offshore Drilling Units market and includes a deep description of performance by some of the key global players completing in the market. It offers a list of latest updates of several business strategies including mergers, acquisitions, partnerships, product launch, expansion of production units, and collaborations adopted by these major global players. The report provides a clear picture regarding R & D investment from key players and adoption of innovative technologies to widen their consumer base and expand the existing competitive position. Moreover, the report offers a detailed information about the position, scope of growth, and opportunities of new entrants or players in the market.
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The crude price started to increase after mid-2016 and the offshore oil & gas industry started to stabilize with less decline in offshore rig count, as compared to that in 2014 and 2015, and hence, similar trend in demand for mobile offshore drilling units (MODUs). The number of MODU purchased increased in 2017, both in terms of transaction and value. Crude oil price crossed USD 60 per barrel mark in November 2017. Opening of coastal water in the United States for exploration and production, and recovery of Brazil oil & gas industry, along with increasing crude oil price, are expected to increase the demand for MODUs during the forecast period.
Golden Triangle - One of the Largest Markets for MODU
The deepwater drilling market is expected to rebound in the near future due to increased activity in the Golden Triangle â€' Gulf of Mexico, Brazil, and West Africa. Chevronâ€™s Ballymore and Shellâ€™s giant Whale discovery in the Gulf of Mexico represents the sign of regional deepwater revival after a long time, without any major discovery. The discovery of Egyptâ€™s mammoth offshore natural gas field â€œZohrâ€ is expected to increase the demand for mobile offshore drilling units. Several large offshore drilling projects countries such as Mozambique and Nigeria are further expected to drive the MODU market.
Recovery in Brazilian Offshore Industry - Driving the Market
Brazilian offshore oil & gas industry has been on a setback due to lack of investment in the past few years. The new conservative government in the country has introduced several reforms such as ending Petrobrasâ€™ monopoly over the countries prolific hydrocarbon resources and has opened the hydrocarbon reserves to foreign companies. Several foreign companies like ExxonMobil, CNOOC, Repsol, etc. have already acquired stakes in both post-salt and pre-salt blocks, and are likely to start exploration in the near future. Around 14 deepwater projects are expected to come by 2020 in the country. The country is aiming for additional oil production capacity of around 2 MMb/d by 2027, that too mostly from deepwater. As a result, the tender for MODUs, especially drillships in the country, is expected to increase.
Oversupply of Floaters and Jack-up â€' Restraining the Market
The offshore drilling market is oversupplied with floaters and jack-up rigs. As of August 2017, more than 100 floaters and 200 jack-up rigs were stacked. The new build order book includes approximately 40 floaters and 100 jack-up rigs, majority of which do not have contracts. As a result, the stacked floaters and jack-up rigs are expected to be chosen first, by drilling contractors and then look for new ones.
Key Developments in the Market
January 2018: Keppel Corporation is in discussion with Borr Drilling Limited for the possible sale of six jack-ups for around USD 960 million to Borr Drilling. The jack-up rigs are currently being made by Keppel Corporationâ€™s subsidiary Keppel Offshore & Marine Limited.
October 2017: PPL Shipyard Pte Ltd, a wholly owned subsidiary of Sembcorp Marine Ltd has signed an agreement for the sale of nine Pacific Class 400 jack-up drilling rigs to Borr Drilling Limited and its subsidiaries.
MAJOR PLAYERS: Keppel Corporation Limited, Samsung Heavy Industries Co., Ltd, Sembcorp Marine Ltd, Daewoo Shipbuilding & Marine Engineering Co., Ltd, Hyundai Heavy Industries Co., Ltd, Friede & Goldman, Ltd, Damen Shipyards Group, Yantai CIMC Raffles Offshore Limited, Irving Shipbuilding Inc., among others.
Reasons to Purchase this Report
Current and future global mobile offshore drilling unit market outlook in the developed and emerging markets
Analyzing various perspectives of the market with help of Porterâ€™s Five Forces analysis
The segment that is expected to dominate the market
Regions that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Mobile Offshore Drilling Units Market for 2021-2023. To calculate the market size, the report considers new installations or sales and subscription payments of Mobile Offshore Drilling Units.
Regional Market Analysis:
The Mobile Offshore Drilling Units Market report includes Global & Regional market status and outlook 2021-2023. Further, the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Global Mobile Offshore Drilling Units Market 2021-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
- Growing research activities coupled with new product launches.
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- High Opportunity in the Industry
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- Complications associated with Mobile Offshore Drilling Units procedures.
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Key Attentions of Mobile Offshore Drilling Units Market Report:
- The report offers a comprehensive and broad perspective on the global Mobile Offshore Drilling Units market.
- The market statistics represented in different Mobile Offshore Drilling Units segments offers complete industry picture.
- Market growth drivers, challenges affecting the development of Mobile Offshore Drilling Units are analyzed in detail.
- The report will help in the analysis of major competitive market scenario, market dynamics of Mobile Offshore Drilling Units.
- Major stakeholders, top companies Mobile Offshore Drilling Units, investment feasibility and new market entrants study is offered.
- Development scope of Mobile Offshore Drilling Units in each market segment is covered in this report. The macro and micro-economic factors affecting the Mobile Offshore Drilling Units market
- Advancement is elaborated in this report. The upstream and downstream components of Mobile Offshore Drilling Units and a comprehensive value chain are explained.
Some Major Points from Toc :-
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness Porter's Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
5. Market Segmentation and Analysis (Market Size, Growth & Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.4 Democratic Republic of Congo
6.2 Consumption Analysis (Market Size, Growth and Forecast)
188.8.131.52 South Korea
184.108.40.206 Rest of Asia-Pacific
6.2.2 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
6.2.4 South America
188.8.131.52 Rest of South America
6.2.5 Middle East & Africa
184.108.40.206 South Africa
220.127.116.11 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
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