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Global Jack-up Rig Market Report: 2014 Edition
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).
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.
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Global Jack-up Rig Market Report: 2014 Edition
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. 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.
3. Global Jack-up Rig Market Report: 2014 Edition
Major points from Table of Contents are listed below:
1. Market Overview
2. Jackup Rigs - Market Size
3. Market Dynamics
5. Company Profiles
5.1 Keppel Corporation
5.2 Sembcorp Industries ltd.
5.3 COSCO Corporation
6. Market Outlook
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Global Excavator Market Report: 2014 Edition @
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