1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Oil and Gas Market Trends
  5. > Global Floating Rig (Floater) Market: Trends and Opportunities (2014-2019)

Scope of the Report

The report titled “Floating Rig (Floater) Market: Trends and Opportunities (2014-2019)” provides an in-depth analysis of global floater rigs market with focus on the regional markets of its sub-categories – Drillships and Semisubmersibles. The report analyses mobile offshore drilling units by types and geography and also provides broad coverage of floater rigs in major regions of the world such as North Sea, Gulf of Mexico, South East Asia, Central & South America and West Africa/Mediterranean. The report also assesses the key opportunities and underlying trends in the market and outlines the factors that are and will be driving the growth of the industry in the forecasted period (2014-19). Further, key players of the industry such as Transocean Limited, Ensco plc and Noble Corporation are also profiled in the report.

Geographical Coverage

- North Sea
- Gulf of Mexico
- South East Asia
- Central & South America
- West Africa/Mediterranean

Segment Coverage

- Drillships
- Submersibles
Company Coverage
- Transocean Limited
- Ensco plc
- Noble Corporation

Executive Summary

Offshore oilfield services are one of the most important segments of the oilfield value chain as it provides equipments and services to help producers explore, extract, and transport oil and natural gas. Offshore oilfield assets can be broadly classified into two categories, namely Rigs and Support vessels. Rigs are gigantic structures or machines that are used in the process of drilling a wellbore. In order to drill oil wells offshore, either a floating or bottom-supported rig is required.

Floaters are offshore drilling platform without a fixed base and are used for drilling in water depths of more than 100 meters. Floaters belong to mobile bottom structured drilling structure rig type and it can be further classified as drillships and semisubmersible rigs. Floaters can also be categorized as Midwater Floaters, Deepwater Floaters or Ultra-deepwater Floaters depending on water depth.

The global deepwater market is experiencing surge in demand for floater rigs. Rise in demand for floaters is majorly driven by increase in global offshore expenditure, robust oil prices, increase in rig count and deep and ultra deepwater exploration and production. However, factors such as offshore cost inflation, limited access to resources and complex deepwater developments are posing challenge to growth of the industry. Major trends prevailing in the industry includes shift towards drillships and advent of newbuild floaters.

Table Of Contents

Global Floating Rig (Floater) Market: Trends and Opportunities (2014-2019)
1. Executive Summary

2. Global Offshore Oilfield Market

2.1 Overview
2.2 Types of Offshore Assets

2.2.1 Rigs
2.2.2 Support Vessels
2.2.3 Market Share by Type of Rig Fleet

2.3 Offshore Drilling Rig Structure

3. Floating Offshore Drilling Rigs (Floaters)

3.1 Overview

3.1.1 Drillships
3.1.2 Semisubmersible Drilling Rig

3.2 Floater Technology

4. Global Floater Rigs Market Analysis

4.1 Global Floater Rigs Market Size (Actual and Forecasted)
4.2 Global Floaters Demand and Supply
4.3 Drillship

4.3.1 Global Drillship Rig Additions and Attrition (Actual and Forecasted)
4.3.2 Global Drillships Demand and supply
4.3.3 Drillships Rig Utilization

4.4 Semisubmersibles

4.4.1 Global Semisubmersibles Rig Additions and Attrition (Actual and Forecasted)
4.4.2 Global Semisubmersibles Demand and supply
4.4.3 Semisubmersible Rig Utilization

4.5 Global Floater Rigs Market Share

4.5.1 By Fleet Age
4.5.2 By Water Depth
4.5.3 By Type
4.5.4 By Region

5. Global Floater Rigs Market: Regional Analysis

5.1 North Sea Floating Rig Market

5.1.1 Market Share by Type of Offshore Drilling Unit
5.1.2 Market Share by Competitors in Midwater Semis
5.1.3 Market Share by Competitors in Deepwater Semis
5.1.4 Market Share by Competitors in Ultra-deepwater Semis

5.2 Gulf of Mexico Floating Rig Market

5.2.1 Market Share by Type of Offshore Drilling Unit
5.2.2 Market Share by Competitors in Midwater Semis
5.2.3 Market Share by Competitors in Deepwater Semis
5.2.4 Market Share by Competitors in Ultra-Deepwater Semis

5.3 South East Asia Floating Rig Market

5.3.1 Market Share by Type of Offshore Drilling Unit
5.3.2 Market Share by Competitors in Midwater Semis
5.3.3 Market Share by Competitors in Deepwater Semis
5.3.4 Market Share by Competitors in Ultra-deepwater Semis

5.4 West Africa/Mediterranean Floating Rig Market

5.4.1 Market Share by Type of Offshore Drilling Unit
5.4.2 Market Share by Competitors in Midwater Semis
5.4.3 Market Share by Competitors in Deepwater Semis

5.5 Central and South America Floating Rig Market

5.5.1 Market Share by Type of Offshore Drilling Unit
5.5.2 Market Share by Competitors in Midwater Semis
5.5.3 Market Share by Competitors in Deepwater Semis
5.5.4 Market Share by Competitors in Ultra-deepwater Semis

6. Global Floater Rig Market: Growth Drivers and Challenges

6.1 Growth Drivers

6.1.1 Increase in Global Offshore Expenditure
6.1.2 Robust Oil Prices
6.1.3 Increase in Rig Count
6.1.4 Deep and Ultra Deepwater Exploration and Production

6.2 Challenges

6.2.1 Offshore Cost Inflation
6.2.2 Limited Access to Resources
6.2.3 Complex Deepwater Developments

7. Global Floater Rigs Market Trends

7.1 Shift towards Drillship
7.2 Replacement of Ageing Floater Rigs
7.3 Advent of Newbuild Floaters

8. Competitive Landscape: Floating Rig Market

9. Company Profiles: Floating Rig Market

9.1 Transocean Ltd.
9.1.1 Business Overview
9.1.2 Financial Overview
9.1.3 Business Strategies

9.2 Ensco plc
9.2.1 Business Overview
9.2.2 Financial Overview
9.2.3 Business Strategies

9.3 Noble Corporation
9.3.1 Business Overview
9.3.2 Financial Overview
9.3.3 Business Strategies

List of Figures

Figure 1: Oilfield Services Market Value Chain
Table 1: Type of Drilling Rig Used at Various Water Depth (in Meters)
Figure 2: Global Offshore Rig Fleet by Rig Type (2013)
Figure 3: Global Floaters Market Size by Volume, 2008-13 (No. of Wells)
Figure 4: Global Floaters Market Size by Volume Forecasted, 2014E-19E (No. of Wells)
Figure 5: Global Floaters Demand/Rig Supply, 2008-13E (Units)
Table 2: Global Floaters Market Overview
Figure 6: Global Drillships Rig Additions and Attrition by Year, 2008-13 (Units)
Figure 7: Global Drillships Rig Additions Forecast by Year, 2014E-18E (Units)
Figure 8: Global Drillships Demand and Supply at Various Water Depth (2012)
Table 3: Offshore Drillships Rig Snapshot (2012)
Figure 9: Offshore Rig Utilization - Drillships (Aug'13- Jan'14)
Table 4: Floater Day rates by Type and Water Depth (Thousands US$/Day)
Figure 10: Semisubmersibles Additions and Attritions by Year, 2008-13 (Units)
Figure 11: Semisubmersibles Additions by Year Forecast, 2014E-18E (Units)
Figure 12: Global Submersibles Demand and Supply at Various Water Depth (2012)
Table 5: Offshore Semisubmersible Rig Snapshot (2012)
Figure 13: Offshore Rig Utilization - Semisubs (Aug'13- Jan'14)
Figure 14: Global Floater Fleet Age Distribution (2013)
Figure 15: Global Ultra-deepwater Floater Rigs by Operational Water Depth (2013)
Figure 16: Global Floaters Market Share by Volume (2013)
Figure 17: Global Floaters Market Share by Region (2013)
Figure 18: North Sea Market Breakdown by Type of Drilling Unit (2013)
Figure 19: North Sea Midwater Semis Market Share by Competitors (2013)
Figure 20: North Sea Deepwater Semis Market Share by Competitors (2013)
Figure 21: North Sea Ultra-Deepwater Semis Market Share by Competitors (2013)
Figure 22: Gulf of Mexico Market Share by Type of Drilling Unit (2013)
Figure 23: Gulf of Mexico Midwater Semis Market Share by Competitors (2013)
Figure 24: Gulf of Mexico Deepwater Semis Market Share by Competitors (2013)
Figure 25: Gulf of Mexico Ultra-Deepwater Semis Market Share by Competitors (2013)
Figure 26: South East Asia Market Share by Type of Drilling Unit (2013)
Figure 27: South East Asia Midwater Semis Market Share by Competitors (2013)
Figure 28: South East Asia Deepwater Semis Market Share by Competitors (2013)
Figure 29: South East Asia Ultra-Deepwater Semis Market Share by Competitors (2013)
Figure 30: West Africa/Mediterranean Market Share by Type of Drilling Unit (2013)
Figure 31: West Africa/Mediterranean Midwater semis Market Share by Competitors (2013)
Figure 32: West Africa/Mediterranean Deepwater semis Market Share by Competitors (2013)
Figure 33: Central and South America Market Share by Type of Drilling Unit (2013)
Figure 34: South America Midwater Semis Market Share by Competitors (2013)
Figure 35: Central and South America Deepwater Semis Market Share by Competitors (2013)
Figure 36: South America Ultra-Deepwater Semis Market Share by Competitors (2013)
Figure 37: Global Offshore Capital and Operating Expenditure, 2004-2013
Figure 38: Global Crude Oil Price, 2006-2013E (US$ per Barrel)
Figure 39: Global Rig Count, 2003-2013 (Units)
Figure 40: Offshore Cost Inflation Index, 2000-2009
Figure 41: Global Drillship and Semisub Build Activity by Decade, 1970-2020
Table 6: Average Cost of Drillships and Semisubmersibles, 1979-2020
Figure 42: Age Profile of Floater Rigs, 2013 and 2016E
Figure 43: Current Offshore Newbuild Floaters Delivery Schedules by Quarter, 3Q12E-4Q15E
Figure 44: Newbuild Floaters Unit by Delivery Year, 2008-14E (US$ Billions)
Figure 45: Floater Fleets of Leading Drilling Contractors (2013)
Figure 46: Floater Fleets of Leading Drilling Contractors in Table 7: New Build Floaters by Company, 2013-2016
Figure 47: Midwater Floater Fleets of Leading Drilling Contractors (2013)
Figure 48: Deepwater Floater Fleets of Leading Drilling Contractors (2013)
Figure 49: Ultra-Deepwater Floater Fleets of Leading Drilling Contractors (2013)
Figure 50: Transocean Ltd. Revenue by Business Segment (FY2012)
Figure 51: Transocean Limited Revenue, FY08-FY12 (US$ Billions)
Figure 52: Ensco plc Revenue by Business Segment (FY2012)
Figure 53: Ensco plc Revenue, FY08-FY12 (US$ Billions)
Figure 54: Noble Corporation Revenue Breakdown (FY2012)
Figure 55: Noble Corporation Revenue, FY08-FY12 (US$ Billions)

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Amrita

+1 718 303 2019

Purchase Reports From Reputable Market Research Publishers
North America Pressure Pumping Market by Type, Resource Type, Well Type, and Country - Global Forecasts to 2021

North America Pressure Pumping Market by Type, Resource Type, Well Type, and Country - Global Forecasts to 2021

  • $ 5650
  • Industry report
  • March 2017
  • by MarketsandMarkets

“The North America pressure pumping market is projected to grow at a CAGR of 2.6% from 2016 to 2021” The North American pressure pumping market is projected to reach USD 29.94 billion by 2021, growing ...

Global Offshore Drilling Rigs Market Analysis 2016 - Forecast to 2022

Global Offshore Drilling Rigs Market Analysis 2016 - Forecast to 2022

  • $ 4550
  • Industry report
  • February 2017
  • by Hoovers Research

Hoovers Research analysis is one of the most accurate studies performed using the combinational analytical tools. The report contains up to date financial data derived from varied research sources to present ...

Offshore Drilling - Global Market Outlook (2016-2022)

Offshore Drilling - Global Market Outlook (2016-2022)

  • $ 4157
  • Industry report
  • January 2017
  • by Stratistics MRC

According to Stratistics MRC, the Global Offshore Drilling market is accounted for $83.95 billion in 2015 and is expected to reach $124.56 billion by 2022 growing at a CAGR of 5.8%. The offshore drilling ...

Global Offshore Helicopters Market

December 2016 $ 4250

ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.