Global Jackup Rig Market Report: 2014 Edition – New Report by Koncept Analytics

DELHI, India - May 2, 2014 - PRLog -- 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.

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.

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.

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Table of Contebts:

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
-Deliveries

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

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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List of Figures:

List of Charts

Oil and Gas Industry
Global Offshore Rig Fleet by Rig Type (2013)
Global Jack-up Rig Market by Fleet Size (2004-2013)
Jack-up Rig Order Trend (2004-2013)
Jack-up Rig Delivery Trend (2004-2013)
Market Segmentation by Rig Type (2013)
Global Jack-ups Rig Demand by Region (2013)
Jackups in Southeast Asia (2008-2013)
Share of Jackups by Countries in SE Asia (2008-2013)
Jackups in Middle East (2008-2013)
Jackups in Mexico (2008-2013)
Global Jackup Market- Contracted vs. Uncontracted (2006-2013E)
Premium Jackup Dayrates vs. Standard Ones (Jul 2011- Oct 2013)
Jackup Global Fleet by Age
World Population (2006-2012)
Global Oil Demand Forecast (2004-2014E)
Worldwide Crude Oil Prices (2006-2013E)
Global E&P Capital Spending Growth (2010-2013E)
Global GDP (2005-2012)
Global Jack-up Rig Market Share (2004-2013)
Chinese Jack-up Rig Competitors (2013)
Mexican Jack-up Market Share (2013E)
Keppel’s Revenue Share by Segments (2013)
Keppel’s Revenues and Net profit (2010-2013)
Revenues and Net Profit of Offshore & Marine Division (2009-2013)
Sembcorp’s Revenue Share by Segments (2013)
Net Sales & Net Profit of Sembcorp Industries (2009-2013)
Net Sales & Net Profit of Sembcorp’s Marine Business (2009-2013)
COSCO’s Revenues by Reportable Segments (2013)
Net Sales & Net Profit of COSCO Corporation (2009-2013)
Global Jackup Rigs Market Forecast (2013-2017E)

List of Tables

Type of Drilling Rig Used at Various Water Depths (in Meters)
Global Rig Fleet by Water Depths (2004-2012)
Global Cold Stacked Jackups (2005-2013)
Market Segmentation by Rig-type (2013)
Jack-up Day Rates by Region
Jack-up Utilization by Region
Global E&P Capital Spending by Region (2012-2013E)
Global Jackup New Orderbook
Jack-up Orders by Key Yards
Jack-up Deliveries by Key Yards
Jackup Contractor Age and Spec Profiles
Market Share of Key Players by Geography (2013)
Dependent & Independent Variables (2009-2013)
Correlation Matrix
Model Summary – Coefficient of Determination
Regression Coefficients Output

For more Information:

http://www.konceptanalytics.com/Researchreport/global-jack-up-rig-market-report-2014-edition-128.aspx

Koncept Analytics

Vikas Gupta

(Business Development Manager)

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