Press Release / Business / Jackup Rigs Market Revenue, Business Opportunity, Segment And Updated Key Trends -2022

Jackup Rigs Market Revenue, Business Opportunity, Segment And Updated Key Trends -2022

Worldwide Jackup Rigs Market – Competitive Analysis
The market appears to be highly competitive yet consolidated. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players.
The Global Jackup Rigs Market is driven by some of the leading players operating in the market including Rowan Companies Inc. (U.K.), Noble Corporation plc. (UK), KCA DEUTAG Ltd. (Scotland), Maersk Drilling (Denmark), and Diamond Jackup Inc. (U.S) 
January, 2018 – Borr Drilling (UAE) a rapidly growing drilling contractor confirmed that it is finally buying six out of Nine jack-up rigs of Keppel Corp (Singapore) the deal is reported to be worth $960m, but the confirmation is still awaited.
January, 2018 - Rowan Companies plc. (US) announced acquisition of Two Modern Jackup Rigs from Petrobras. Rowan also confirmed that it has concluded the purchase of two LeTourneau Super 116E jackup rigs.
Oct, 2017, Rowan Companies plc. announced a joint venture with ARO Drilling which is a 50/50 joint venture with the Saudi Arabian Oil Company (Saudi Aramco). As part of the initial startup of ARO Drilling, Rowan and Saudi Aramco contributed equal amounts of cash into the joint venture. Following these contributions, Rowan sold three of its jack-up drilling rigs to ARO Drilling, including the J.P. Bussell, which was previously idle, and Saudi Aramco sold one of its jack-up drilling rigs to ARO Drilling.
Oct, 2017, Borr Drilling Ltd. announced acquisition of nine premium jack-up rigs from Singapore PPL. Shipyard PTE Ltd.  Total consideration for transaction is expected to be approximately USD 1.3 billion.
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Worldwide Jackup Rigs Market – Segmentation
For the convenience of the report and enhanced understanding; the Jackup rigs Market is segmented in to 4 key dynamics
By Type                             : Comprises Independent leg type, Mat-type jackups.
By Operating Depth          : Shallow water, Deep water, and Ultra deep water.
By Application                   : Oil & Gas and Offshore wind turbine installations.
By Regions                        :  North America, Europe, APAC and Rest of the World.
 
Worldwide Jackup Rigs Market– Regional Analysis 
North America, Europe and Africa account for the large markets for offshore drilling owing to the increasing investments in engineering and procurement activity in the oil & gas exploration activities in these regions.
Growing demand for deep-water activities in the Asia-Pacific region and further drilling into mid ocean is driving the demand for Jackup rigs in these region. Regions such as Africa and Latin America have emerged as attractive prospects for offshore E&P activities, due to their vast unexplored hydrocarbons reserves. 
There have been significant investments made in recent times, in the oil and gas engineering and procurement activities, especially in the Asia-Pacific and Middle East regions, where there is a huge demand for offshore drilling activities.
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