Drill Ships Market Size Oscar Dansk Knights Jersey , Analysis, and Forecast Report 2018-2028 by elizabethmock1248 · December 10, 2018
Drill Ships Market: Introduction
A drill ship is a marine vessel that is created or modified to drill oil and gas wells. Drill ships are similar to cargo vessels or tankers in terms of structure. Drill ships that are used for offshore upstream operations are equipped with a drilling derrick and moon pool. In addition, drill ships also have extensive mooring and a helipad.
The climatic conditions where the drill ships will be agitated by waves, wind and currents are expected to increase the challenges encountered during drilling operations. In addition Paul Stastny Knights Jersey , the drill ships face operational challenges if they are connected or attached to equipment thousands of feet under the sea. Choosing an appropriate mooring system on a drill ship is very important for operators as it is one of the integral parts of drilling wells successfully.
In 2015, when the prices of crude oil reaches a decade low at US$30 per barrel, oil operators were burdened as their businesses dried up. The cost of an advanced drill ship is more than US$500 million, and a major fall in the prices of oil in 2008 and 2013-14 resulted in a major decrease in the number of new orders as well as the postponement of some of the orders. However, at present Oscar Lindberg Knights Jersey , the businesses of constructors of drill ships have improved and they are concentrating on acquiring new orders.
Get Experts鈥?Insights For FREE: ;rep_id=1538
Drill Ships Market: Market Dynamics
The growth of the global drill ships market has been sluggish over the past 3-4 years due to volatility in the prices of oil. The volatile nature of oil prices has severely affected the growth of the global drill ships market. The last sale of a drill ship took place in April 2016. Owing to this uncertainty, offshore oil operators have been hesitant to invest in the drill ships market.
The deep-water drilling operations are currently gaining momentum following a rise in the prices of oil to nearly US$80 per barrel. It is expected that in 2019, the oil and gas industry will gain stability, which is expected to drive the orders for new drill ships.
Some of the key challenges faced by the drill ships market are competitive products such as jackups and semi-submersible rigs. However, the key advantage that encourages end users to adopt drill ships as opposed to semi-submersible rigs is the mobility aspect. The latter requires a transport vessel to transfer it from one place to other Cody Eakin Knights Jersey , unlike a drill ship.
Request Customized Report As Per Your Requirements:
;rep_id=1538
Drill Ships Market: Market segmentation
The global drill ships market can be segmented into type and water depth.
On the basis of type, the global drill ships market is segmented into:
Deep Drill Ships Ultra-deep Drill Ships On the basis of water depth, the global drill ships market is segmented into:
Less than 3000 feet 3000 鈥?5000 feet 5000 鈥?10,000 feet More than 10,000 feet On the basis of deals Reilly Smith Knights Jersey , the global drill ships market is segmented into:
Contract-based drill ships New drill ships Drill Ships Market: Regional Outlook The international offshore drilling domain is currently witnessing a positive growth trend as drillers and oil operators are looking to enhance their production from offshore oil fields. This has boosted the global drill ships market. The key constructors of drill ships are from Asia as they acquire orders from global oil and gas operators. Countries such as Japan and South Korea are the key countries where deep and ultra-deep drill ships are constructed.
Countries such as the US, Canada, Norway, Mexico, China and Brazil are the places from where new orders are coming as oil & gas companies in these countries are 聽looking for drill ships for deep drilling operations. This trend is expected to offer a bigger boost to the constructors of drill ships. It is expected to prevail during the forecast period with some fluctuations.
Drill Ships Market: Key Market Participants
Some of the key market participants in the global drill ships market are:
Feller Kritik Forum
Thema drucken
11.02.2020 10:03
Antworten
