What is Submersible Drilling Rigs Market Scope?
A submersible drill rig is a ship design that can float to one location and then is lowered to the seafloor for further offshore drilling activities. The submersible drilling platform is supported by large pontoon-like structures. These pontoons provide buoyancy so that the device can be pulled from place to place. Once the pontoon structure is in place, it is then slowly flooded until it rests safely on the anchors, of which there are two per corner. The operating deck is raised 100 feet above the pontoons on large steel pillars to make room above the waves. After the well is drilled, the water is pumped from the buoyancy tanks, and the ship is floated again and towed to the next location. Submersible boats, as they are informally called, operate in relatively shallow water because they have to rest on the ocean floor. Other types of floating ships are used in deeper water. The term Mobile Offshore Drilling Unit (MODU) is generally used to refer to any offshore drilling rig that can be moved from place to place.
The Submersible Drilling Rigs market study is being classified by Type (Three Column Submersible Drilling Rigs , Four Column Submersible Drilling Rigs and Five Column Submersible Drilling Rigs), by Application (Traffic Engineerings , Water Conservancy Projects , Power Engineerings , Port Works and Others) and major geographies with country level break-up.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Transocean Ltd. (Switzerland), Valaris plc (United Kingdom), CIMC Offshore Segment (China), Maersk Drilling (Denmark), Cianbro Corporation (United States), Dhiraj Engineering (India), Remontowa Shiprepair Yard SA (Poland), Norwegian Drilling Group (Norway) and Nabors Industries Ltd. (United States) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Submersible Drilling Rigs market by Type, Application and Region.
On the basis of geography, the market of Submersible Drilling Rigs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
A safe working environment onshore is required for all rig employees by the rules and regulations of the federal Occupational Safety and Health Administration. For rig employees offshore, the Bureau of Ocean Energy Management, Regulation, and Enforcement, formerly the Minerals Management Service, fulfills the same role as OSHA with safety regulations specific to offshore safety and the offshore environment. The U.S. Coast Guard has a degree of control over the employment of rig workers offshore principally because they work in the maritime environment. The toolpusher who runs the oil rig must be tested and licensed as an Offshore Installation Manager.
Influencing Market Trend
- Increasing Ultra-Deep Water Activities in Growing Offshore Regions across the World
- Expansions in the Offshore Exploration and Production Activities
- Growing Offshore Capex
- Rising Number of Investments from Operators in Deepwater Drilling Activities
- Rising Consumption of Petroleum Products
- The High Demand for Crude Oil, Along With the Maturing Of Onshore Oil and Gas Wells
- Increase in the Offshore Spending
- Development of Submersible Drill Rig Technologies
- Stringent Government Rules and Regulation
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, and Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
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