Friday, May 2, 2014

New Study On Global Jack-Up Rig Market Trends, Estimates And Forecasts Report 2014

Jackup rigs are mobile, self-elevating drilling platforms equipped with legs that can be lowered to the ocean floor until a foundation is established to support the drilling platform. Once a foundation is established, the drilling platform is then jacked further up the legs so that the platform is above the highest expected waves. Generally, Jackup rigs are subject to a maximum water depth of approximately 350 to 400 feet according to leg length, while some Jackup rigs have hulls that allow them to drill in water depths as shallow as ten feet. The principle difference between Jackup rigs lies in the areas of leg length, seabed/leg interaction (mat versus independent leg), and drilling mode capabilities (cantilever versus slot).

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The global market for Jackup rigs witnessed a decline in 2009 for the first time since 2004, mainly as a result of the global economic crisis. The market registered a notable fall in the demand of Jackup rigs, in addition to a historic fall in the rigs utilization rate, reaching below 80%. The market in 2013 reported the highest orders ever in the history of Jackup building due to which market reported high day rates. Furthermore, the notably increasing offshore exploration and productivity operations across the globe are certain to fuel the growth of the worldwide Jackup rigs market in the years to come.

Factors like growing oil demand due to rising population rates, increasing E&P expenditures, and improving worldwide economic conditions are boosting the growth in Jack-up rig market. Despite the existence of various growth drivers, there are certain challenges faced by the industry including environmental concerns, offshore accidents, and depletion of oil reserves which can potentially hinder the growth of the industry.

The report, “Global Jack-up Rig Market” analyzes the development of the respective market, with a focus on regions including the South East Asia, Middle East and Mexico. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The industry is predominated by a handful of players including Keppel Corporation, Sembcorp Marine, and COSCO Corporation contending and vying for capturing market share. The profiles of these leading players are also included in the report along with their key financials and strategies for growth.

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By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.

Table of Content

1. Market Overview
1.1 Oilfield Services Market Value Chain
1.2 Types of Offshore Assets
1.2.1 Rigs
1.2.2 Support Vessels
1.3 Offshore Drilling Rig Structure
1.4 Jack Up Rigs
1.4.1 Types of Jackup Rigs
1.4.2 Advantages of Jackup Rigs

2. Jackup Rigs - Market Size
Fleet Size
Order Trend
2.1 Market Segmentation by Rig Type
By Water Depth
By Rig Type
Jackup IC
Jackup IS
Jackup MC
Jackup MS
2.2 Market Segmentation by Geography
Demand Breakdown by Region
Day Rates by Region
Utilization by Region
2.2.1 Southeast Asia
2.2.2 Middle East
2.2.3 Mexico

3. Market Dynamics
3.1 Key Trends
3.1.1 Technological Advances of Jackup Unit
3.1.2 Contracted vs. Uncontracted Jack-Up Rig Trend
3.1.3 Increasing Demand of Premium Jack Up Rigs
3.1.4 Age of Jackup Fleet
3.2 Growth Drivers
3.2.1 Growing Global Population
3.2.2 Rising Global Oil Demand
3.2.3 Rising Oil Prices
3.2.4 Increasing Global E&P Spending
3.2.5 Global Economic Development
3.2.6 Lack of Alternative Sources of Energy
3.3 Challenges
3.3.1 Depletion of Oil Reserves
3.3.2 Environmental Issues
3.4 Jackup Rigs Order Outlook

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4. Competitive Landscape
4.1 Rig Builders
4.1.1 Global Market
Market Share
Orders by Major Yards
Deliveries by Major Yards
4.1.2 China
4.2 Drilling Contractor
4.2.1 Global Market
Top Players by Fleet Size
Age & Rates Comparison
Market Share of Companies by Geography
4.2.2 Mexico

5. Company Profiles
5.1 Keppel Corporation
5.1.1 Business Overview
5.1.2 Financial Overview
5.1.3 Business Strategies
Focus on Research & Development
Developing Innovative Rigs
5.2 Sembcorp Industries ltd.
5.2.1 Business Overview
5.2.2 Financial overview
5.2.3 Business Strategies
Expanding Strategic Reach
Expanding Product Offerings
5.3 COSCO Corporation
5.3.1 Business Overview
5.3.2 Financial Overview
5.3.3 Business Strategies
Research & Development Activities
Securing New Orders

6. Market Outlook
6.1 Market Forecast
6.2 Forecast Methodology
6.2.1 Dependent and Independent Variables
6.2.2 Correlation Analysis
6.2.3 Regression Analysis

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