Global Offshore Drilling Rigs Market is accounted for $112,002.99 million in 2020 and is expected to reach $263,749.06 million by 2028 growing at a CAGR of 11.3% during the forecast period. Increasing energy demand from emerging countries, rise in exploration & production expenditures and regulations of prices of oil drive offshore exploration activities are driving the market growth.
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By geography, Asia Pacific is going to have high growth during the forecast period owing to the rise in demand for deepwater activities in the region. Moreover, growing investments in exploration and production Capex in emerging countries in the region is also boosting the market growth.
Some of the key players profiled in the Offshore Drilling Rigs Market include Aban Offshore Limited, Atwood Oceanics, China Oilfield Services Limited, Diamond Offshore Drilling Inc., Ensco PLC, Hercules Offshore Inc., KCA Deutag, Maersk Drilling, Nabors Industries Ltd., Noble Corporation, Pacific Drilling, Rowan Companies PLC, Seadrill Limited, Transocean Ltd. and Vantage Drilling.
Types Covered in Offshore Drilling Rigs Market
• Bottom-Supported Rigs
• Floating Rigs
Applications Covered:
• Deepwater
• Shallow Water
• Ultra-Deep Water
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