The global offshore drilling riser market was worth US$ 3.8 Billion in the year 2022 and is expected to reach US$ 4.9 Billion by the year 2033 at a CAGR of 2.2% between 2023 and 2033.
Production of shale gas coupled with growing number of offshore projects all over the world is expected to take the offshore drilling riser market by storm in the forecast period.
At the same time, the fact that there is an instability in prices of crude oil with broadening gap between demand and supply of crude oil can’t be ignored. This factor is expected to restrain the offshore drilling riser market going forward.
Future Market Insights has entailed these facts with future prospects in its latest market study entitled ‘Offshore Drilling Riser Market’. It has its set of analysts and consultants to deploy a 360-degree view in its primary, secondary, and tertiary modes of research.
Find a comprehensive report summary that describes the market size and forecast along with the research methodology. Sample report is available in PDF format@ https://www.futuremarketinsights.com/reports/sample/rep-gb-11889
“LATAM and Mea are expected to take the offshore drilling riser market to a new ‘high’ in the forecast period”, says an analyst from Future Market Insights.
Key Takeaways from Offshore Drilling Riser market
- North America is going steady with respect to offshore drilling riser market, followed by Europe (Norway and the UK).
- LATAM is expected to grow in offshore drilling riser market on a stupendous note due to an ever-increasing number of offshore projects in Gulf of Mexico.
- Countries like Mozambique, Guyana, Egypt, South Africa, and Nigeria have been witnessing a sizable quantity of offshore discoveries.
- Coming to the Asia-Pacific, ASEAN countries and China are into active exploration of offshore projects in South China.
Competitive Risers
- As of February 2022, Transocean did have or own partial holding interests in as well as operated a fleet of 37 mobile offshore drilling units constituting 10 cruel environment floaters with 27 ultra-deepwater floaters. They had started constructing two ultra-deepwater drillships as of February 14, 2022.
- Saipem, in June 2019, inked a contract with Area 1 Concessionares on an EPC contract for building and engineering an onshore LNG project in Mozambique. The project implies building two LNG (Natural Gas Liquefaction) trains with overall capacity of 12.88 Million/annum.
- Petrogas North Sea Ltd., in December 2021, in collaboration with Maersk Drilling, decided exercising previously agreed upon exclusive option of deploying harsh-environment jackup rig Maersk Resilient for drilling an appraisal well at Birgitta field (North Sea, UK sector).
Talk with our analyst and get the complete information of report now@
https://www.futuremarketinsights.com/ask-question/rep-gb-11889
- Saipem, in January 2022, signed two novel offshore contracts in Guyana and Australia for overall US$ 1.1 Billion. Contract pertains to EPCI (Engineering, Procurement, Construction, and Installation) of subsea umbilical’s, risers, and flowlines (SURF).
- Nabors Industries Ltd., in March 2022, did invest US$ 8 Million in GA drilling with the objective of expanding the former’s pledge to get ultra-deep, super-hot rock reservoirs.
- Saipem, in April 2022, inked two contracts in the Middle East for two high-specification jackup drilling units constituting drilling operations and workover for 5 years.
What does the Report state?
- The research study is based on type (tie-back drilling riser and marine drilling riser), by diameter (less than 10 inch, 10-15 inch, and above 15 inch), and by depth of water (shallow water, deep water, and ultra deep water).
- With growing number of offshore projects all across, the global offshore drilling riser market is expected to grow on an astonishing note in the forecast period.
Offshore Drilling Riser: Market Segmentation
The overall offshore drilling riser market can been segmented on the basis of type as:
- Marine drilling riser
- Tie-back drilling riser
The overall offshore drilling riser market can been segmented on the basis of diameter as:
- Less than 10 inch
- 10 to 15 inch
- Above 15 inch
The overall offshore drilling riser market can been segmented on the basis of water depth as:
- Shallow water
- Deep water
- Ultra deep water
Get Your Comprehensive Brochure@
https://www.futuremarketinsights.com/reports/brochure/rep-gb-11889
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
