Offshore Oil & Gas Rig Market Size, Share, Trend, Growth & Forecast 2027

Summary

Report Description

The Global Offshore Oil & Gas Rig Market valued at USD14735.78 million in 2021 and is anticipated to project robust growth in the forecast period with a CAGR of 5.69% owing to blooming demand for oil and gas, oilfield facilities etc.

An offshore oil and gas rig platform is a huge structure with capabilities for extracting and processing petroleum and natural gas from rock formations beneath the seabed. It's a big building on or in the sea with facilities for drilling wells, extracting and refining oil and natural gas, and temporarily holding the commodity until it can be refined and sold.

Measurement-while-drilling Systems

Until the 1980s, it was troublesome to know precisely what was going on with the penetrate bit as the gap was being penetrated. Measurement-while-drilling (MWD) innovation fathomed this issue. MWD gives administrators real-time boring data as well as the choice to control the well in several headings. It interfaces gamma beams, temperature, and weight, as well as thickness and attractive reverberation of shake arrangements. This serves an assortment of purposes. It permits administrators to penetrate quicker whereas dodging blowouts and device disappointments. It too helps administrators in illustrating that they are not penetrating disallowed locales. Also, MWD instep depends on mud beat telemetry to string a wire or cable down the well from the surface to the penetrate bit.

Horizontal Drilling

One of the advantages of MWD, as already examined, is that it permits an administrator to control a penetrate in numerous directions. One of the foremost critical improvements within the history of oil boring has been the capacity to control a penetrate in headings other than straight down. The benefits of level penetrating, be that as it may, amplify past expanded well output. It moreover licenses the boring of wells in ecologically delicate and secured regions. Although the primary even well was burrowed in 1929, they were costly, and pressure driven breaking rapidly made strides vertical well efficiency. By the 1980s, mechanical propels such as MWD and steerable engine congregations had made flat boring a more down to earth choice.

Hydraulic Fracturing

Water powered breaking was designed within the 1940s and has ended up progressively noteworthy in oil boring. It is advantageous in "tight" stores, where the oil-bearing rocks have little pores. This shows that the rock's oil stream is weak, and a straightforward well penetrated into the shake will not extricate much oil. Drillers utilize water powered breaking to invigorate the well and extricate the caught oil. Drillers utilize a proppant, a blend of liquids, sand, and pellets, to keep the splits from closing once more. These breaks permit oil to stream more unreservedly from the shake. Such improvements are likely to proceed, driving the Worldwide seaward oil and gas fix advertise.

Seismic Imaging

Setting up a fix and burrowing a profound well is costly, so enterprises are hesitant to squander time and cash on an incapable area. Consequently, geologists were in the long run brought in to search for oil by examining surface shake arrangements, attractive areas, and indeed minor vacillations in gravity. 3-D seismic imaging is one of the foremost critical headways in oil investigation. This can be based on the preface that sound bounces off and voyages in an unexpected way through diverse materials. An vitality source, such as a vibrator truck sends sound waves profound into the soil in this method. Geophones are extraordinary gadgets situated on the surface that get clamors that bounce back up and transfer the information to recorder trucks. Assist, engineers and geophysicists look at the recorded sound waves to decide the sorts of shake arrangements. This permits them to form 3-D representations of what is underneath the surface. Although current technology minimizes the number of holes drilled and leads to more productive wells, it isn't without flaws. As a result, the worldwide offshore oil and gas rig market is likely to benefit from seismic imaging technology.

Click here to download the sample

Market Segmentation

The Global Offshore Oil and Gas Rig Market is segmented based on Type, Water Depth, Region and Company. Based on Type, the market is further fragmented into Jackups, Semisubmersibles, Drill Ships, and Others. Based on the Water Depth, the market is segmented into Shallow Water, Deepwater and Ultra-deepwater. The market analysis also studies the regional segmentation, divided among Asia-Pacific, Europe, North America, Middle East & Africa, South America.

Company Profiles

Halliburton Co., Valaris Limited, Baker Hughes Company, Sembcorp Marine Ltd, Schlumberger Limited, China Oilfield Services Limited, Samsung Heavy Industries Co. Ltd, Jindal Drilling & Industries Limited, Keppel Offshore & Marine, ADNOC Drilling, Arabian Drilling Company, Shelf Drilling, Ltd are among the major market players in the global platform that lead the market growth of the Global Offshore Oil & Gas Rig.

Attribute	Details
Market size value in 2021	USD14735.78 Million
Revenue Forecast in 2027	USD22522.64 Million
Growth Rate	5.69%
Base Year	2021
Historical Years	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in (USD million), and CAGR for 2017-2021 and 2022-2027
Report Coverage	· Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	· Type · Water Depth
Regional Scope	North America, Asia- Pacific, Europe, Middle East & Africa, South America
Key Companies Profiled	Halliburton Co., Valaris Limited, Baker Hughes Company, Sembcorp Marine Ltd, Schlumberger Limited, China Oilfield Services Limited, Samsung Heavy Industries Co. Ltd, Jindal Drilling & Industries Limited, Keppel Offshore & Marine, ADNOC Drilling, Arabian Drilling Company, Shelf Drilling Ltd, Saipem S.p.A, Maersk Drilling A/S, Transocean Ltd, Scientific Drilling International, Leam Drilling Systems Inc,
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, Global Offshore Oil and Gas Rig Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

· Offshore Oil & Gas Rig Market, By Type:

o Jackups

o Semisubmersibles

o Drill Ships

o Others

Offshore Oil & Gas Rig Market, By Water Depth:

o Shallow Water

o Deepwater

o Ultra-deepwater

· Offshore Oil & Gas Rig Market, By Region:

Asia-Pacific

China
India
Malaysia
Singapore
Indonesia
South Korea
Australia
Rest of Asia-Pacific

Middle East & Africa

Saudi Arabia
UAE
Qatar
Iran
Egypt
Bahrain
Rest of Middle East & Africa

Europe

Norway
United Kingdom
Spain
Azerbaijan
Turkey
Russia
Netherlands
Rest of Europe

North America

United States
Mexico
Canada

South America

Brazil
Trinidad
Colombia
Rest of South America

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Offshore Oil and Gas Rig Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Table of content

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Impact of COVID-19 on Global Offshore Oil & Gas Rig Market

5. Voice of Customer

5.1. Brand Awareness

5.2. Factors Considered for Choosing Offshore Oil & Gas Rig Vendor

5.3. Major Challenges Related to Offshore Oil & Gas Rig

6. Global Offshore Oil & Gas Rig Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Type (Jackups, Semisubmersibles, Drill Ships, and Others)

6.2.2. By Water Depth (Shallow Water, Deepwater and Ultra-deepwater)

6.2.3. By Region (Asia-Pacific, Europe, North America, Middle East & Africa, South America)

6.2.4. By Company (2021)

6.3. Market Map

7. Asia-Pacific Offshore Oil & Gas Rig Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Water Depth

7.2.3. By Country

7.3. Asia-Pacific: Country Analysis

7.3.1. China Offshore Oil & Gas Rig Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value & Volume

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type

7.3.1.2.2. By Water Depth

7.3.2. India Offshore Oil & Gas Rig Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value & Volume

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Type

7.3.2.2.2. By Water Depth

7.3.3. Malaysia Offshore Oil & Gas Rig Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value & Volume

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Type

7.3.3.2.2. By Water Depth

7.3.4. Singapore Offshore Oil & Gas Rig Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value & Volume

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Type

7.3.4.2.2. By Water Depth

7.3.5. Indonesia Offshore Oil & Gas Rig Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value & Volume

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Type

7.3.5.2.2. By Water Depth

7.3.6. South Korea Offshore Oil & Gas Rig Market Outlook

7.3.6.1. Market Size & Forecast

7.3.6.1.1. By Value & Volume

7.3.6.2. Market Share & Forecast

7.3.6.2.1. By Type

7.3.6.2.2. By Water Depth

7.3.7. Australia Offshore Oil & Gas Rig Market Outlook

7.3.7.1. Market Size & Forecast

7.3.7.1.1. By Value & Volume

7.3.7.2. Market Share & Forecast

7.3.7.2.1. By Type

7.3.7.2.2. By Water Depth

8. Middle East & Africa Offshore Oil & Gas Rig Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Water Depth

8.2.3. By Country

8.3. Middle East & Africa: Country Analysis

8.3.1. Saudi Arabia Offshore Oil & Gas Rig Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value & Volume

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type

8.3.1.2.2. By Water Depth

8.3.2. UAE Offshore Oil & Gas Rig Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value & Volume

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type

8.3.2.2.2. By Water Depth

8.3.3. Qatar Offshore Oil & Gas Rig Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value & Volume

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Type

8.3.3.2.2. By Water Depth

8.3.4. Iran Offshore Oil & Gas Rig Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value & Volume

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Type

8.3.4.2.2. By Water Depth

8.3.5. Egypt Offshore Oil & Gas Rig Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value & Volume

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Type

8.3.5.2.2. By Water Depth

8.3.6. Bahrain Offshore Oil & Gas Rig Market Outlook

8.3.6.1. Market Size & Forecast

8.3.6.1.1. By Value & Volume

8.3.6.2. Market Share & Forecast

8.3.6.2.1. By Type

8.3.6.2.2. By Water Depth

9. Europe Offshore Oil & Gas Rig Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Water Depth

9.2.3. By Country

9.3. Europe: Country Analysis

9.3.1. Norway Offshore Oil & Gas Rig Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value & Volume

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Type

9.3.1.2.2. By Water Depth

9.3.2. United Kingdom Oil & Gas Rig Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value & Volume

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Type

9.3.2.2.2. By Water Depth

9.3.3. Spain Offshore Oil & Gas Rig Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value & Volume

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Type

9.3.3.2.2. By Water Depth

9.3.4. Azerbaijan Offshore Oil & Gas Rig Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value & Volume

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Type

9.3.4.2.2. By Water Depth

9.3.5. Turkey Offshore Oil & Gas Rig Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value & Volume

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Type

9.3.5.2.2. By Water Depth

9.3.6. Russia Offshore Oil & Gas Rig Market Outlook

9.3.6.1. Market Size & Forecast

9.3.6.1.1. By Value & Volume

9.3.6.2. Market Share & Forecast

9.3.6.2.1. By Type

9.3.6.2.2. By Water Depth

9.3.7. Netherlands Offshore Oil & Gas Rig Market Outlook

9.3.7.1. Market Size & Forecast

9.3.7.1.1. By Value & Volume

9.3.7.2. Market Share & Forecast

9.3.7.2.1. By Type

9.3.7.2.2. By Water Depth

10. North America Offshore Oil & Gas Rig Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Water Depth

10.2.3. By Country

10.3. North America: Country Analysis

10.3.1. United States Offshore Oil & Gas Rig Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value & Volume

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Type

10.3.1.2.2. By Water Depth

10.3.2. Mexico Offshore Oil & Gas Rig Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value & Volume

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Type

10.3.2.2.2. By Water Depth

10.3.3. Canada Offshore Oil & Gas Rig Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value & Volume

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Type

10.3.3.2.2. By Water Depth

11. South America Offshore Oil & Gas Rig Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value & Volume

11.2. Market Share & Forecast

11.2.1. By Type

11.2.2. By Water Depth

11.2.3. By Country

11.3. South America: Country Analysis

11.3.1. Brazil Offshore Oil & Gas Rig Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value & Volume

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Type

11.3.1.2.2. By Water Depth

11.3.2. Trinidad Offshore Oil & Gas Rig Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value & Volume

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Type

11.3.2.2.2. By Water Depth

11.3.3. Colombia Offshore Oil & Gas Rig Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value & Volume

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Type

11.3.3.2.2. By Water Depth

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends and Developments

14. Policy and Regulatory Landscape

15. O&G Construction and Service/Refurbishment

16. Digital Solutions and Innovations for Oil & Gas Industry

17. Global Energy Consumption (By Region and By Segment)

18. Overview on Repair, Modification and Upgradation of Offshore Rigs

19. Company Profiles

19.1. Global Company Profiles

19.1.1. Halliburton Co.

19.1.2. Valaris Limited

19.1.3. Baker Hughes Company

19.1.4. Sembcorp Marine Ltd

19.1.5. Schlumberger Limited

19.1.6. China Oilfield Services Limited

19.2. Asia-Pacific Company Profiles

19.2.1. Samsung Heavy Industries Co. Ltd

19.2.2. Jindal Drilling & Industries Limited

19.2.3. Keppel Offshore & Marine

19.3. Middle East & Africa Company Profiles

19.3.1. ADNOC Drilling

19.3.2. Arabian Drilling Company

19.3.3. Shelf Drilling, Ltd

19.4. Europe Company Profiles

19.4.1. Saipem S.p.A.

19.4.2. Maersk Drilling A/S

19.4.3. Transocean Ltd

19.5. North America Company Profiles

19.5.1. Scientific Drilling International

19.5.2. Leam Drilling Systems, Inc.

19.5.3. Nov Inc.

19.6. South America Company Profiles

19.6.1. Petróleo Brasileiro S.A.

19.6.2. Nabors Industries Ltd.

19.6.3. Seadrill Limited

20. Strategic Recommendations

21. About Us Disclaimer

Figures and Tables

List of Figures

Figure 1: Global Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 2: Global Oil Production, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 3: Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 4: Global Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 5: Global Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 6: Global Offshore Oil & Gas Rig Market Share, By Region, By Value, 2017-2027F

Figure 7: Global Offshore Oil & Gas Rig Market Share, By Company, By Value, 2021

Figure 8: Global Offshore Oil & Gas Rig Market Map, By Type, Market Size (USD Million) & Growth Rate (%), 2021

Figure 9: Global Offshore Oil & Gas Rig Market Map, By Water Depth, Market Size (USD Million) & Growth Rate (%), 2021

Figure 10: Global Offshore Oil & Gas Rig Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2021

Figure 11: Asia-Pacific Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 12: Asia-Pacific Oil Production, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 13: Asia-Pacific Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 14: Asia-Pacific Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 15: Asia-Pacific Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 16: Asia-Pacific Offshore Oil & Gas Rig Market Share, By Country, By Value, 2017-2027F

Figure 17: China Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 18: China Oil Production, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 19: China Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 20: China Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 21: China Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 22: India Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 23: India Oil Production, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 24: India Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 25: India Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 26: India Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 27: Malaysia Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 28: Malaysia Oil Production, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 29: Malaysia Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 30: Malaysia Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 31: Malaysia Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 32: Singapore Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 33: Singapore Oil Production, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 34: Singapore Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 35: Singapore Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 36: Singapore Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 37: Indonesia Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 38: Indonesia Oil Consumption, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 39: Indonesia Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 40: Indonesia Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 41: Indonesia Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 42: South Korea Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 43: South Korea Oil Consumption, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 44: South Korea Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 45: South Korea Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 46: South Korea Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 47: Australia Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 48: Australia Oil Production, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 49: Australia Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 50: Australia Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 51: Australia Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 52: Middle East and Africa Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 53: Middle East and Africa Oil Production, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 54: Middle East and Africa Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 55: Middle East and Africa Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 56: Middle East and Africa Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 57: Middle East and Africa Offshore Oil & Gas Rig Market Share, By Country, By Value, 2017-2027F

Figure 58: Saudi Arabia Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 59: Saudi Arabia Oil Production, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 60: Saudi Arabia Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 61: Saudi Arabia Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 62: Saudi Arabia Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 63: UAE Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 64: UAE Oil Production, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 65: UAE Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 66: UAE Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 67: UAE Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 68: Qatar Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 69: Qatar Oil Consumption, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 70: Qatar Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 71: Qatar Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 72: Qatar Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 73: Iran Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 74: Iran Oil Consumption, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 75: Iran Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 76: Iran Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 77: Iran Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 78: Egypt Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 79: Egypt Oil Production, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 80: Egypt Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 81: Egypt Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 82: Egypt Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 83: Bahrain Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 84: Bahrain Oil Refinery Throughput, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 85: Bahrain Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 86: Bahrain Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 87: Bahrain Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 88: Europe Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 89: Europe Oil Production, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 90: Europe Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 91: Europe Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 92: Europe Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 93: Europe Offshore Oil & Gas Rig Market Share, By Country, By Value, 2017-2027F

Figure 94: Norway Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 95: Norway Oil Consumption, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 96: Norway Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 97: Norway Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 98: Norway Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 99: United Kingdom Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 100: United Kingdom Oil Production, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 101: United Kingdom Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 102: United Kingdom Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 103: United Kingdom Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 104: Spain Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 105: Spain Oil Consumption, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 106: Spain Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 107: Spain Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 108: Spain Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 109: Azerbaijan Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 110: Azerbaijan Oil Consumption, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 111: Azerbaijan Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 112: Azerbaijan Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 113: Azerbaijan Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 114: Turkey Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 115: Turkey Oil Consumption, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 116: Turkey Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 117: Turkey Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 118: Turkey Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 119: Russia Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 120: Russia Oil Production, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 121: Russia Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 122: Russia Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 123: Russia Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 124: Netherlands Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 125: Netherlands Oil Consumption, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 126: Netherlands Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 127: Netherlands Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 128: Netherlands Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 129: North America Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 130: North America Oil Production, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 131: North America Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 132: North America Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 133: North America Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 134: North America Offshore Oil & Gas Rig Market Share, By Country, By Value, 2017-2027F

Figure 135: United States Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 136: United States Oil Production, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 137: United States Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 138: United States Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 139: United States Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 140: Mexico Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 141: Mexico Oil Production, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 142: Mexico Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 143: Mexico Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 144: Mexico Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 145: Canada Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 146: Canada Oil Production, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 147: Canada Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 148: Canada Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 149: Canada Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 150: South America Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 151: South America Oil Production, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 152: South America Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 153: South America Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 154: South America Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 155: South America Offshore Oil & Gas Rig Market Share, By Country, By Value, 2017-2027F

Figure 156: Brazil Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 157: Brazil Oil Production, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 158: Brazil Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 159: Brazil Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 160: Brazil Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 161: Trinidad Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 162: Trinidad Oil Production, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 163: Trinidad Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 164: Trinidad Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 165: Trinidad Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Figure 166: Colombia Offshore Oil & Gas Rig Market Size, By Value (USD Million), 2017-2027F

Figure 167: Colombia Oil Production, By Value (Thousands of Barrels Per Day), 2017-2020

Figure 168: Colombia Cumulative Number of Offshore Oil & Gas Rigs, Till May 2022, By Type

Figure 169: Colombia Offshore Oil & Gas Rig Market Share, By Type, By Value, 2017-2027F

Figure 170: Colombia Offshore Oil & Gas Rig Market Share, By Water Depth, By Value, 2017-2027F

Frequently asked questions

What was the market size of the Global Offshore Oil and Gas Rig Market in 2021?

The market size of the Global Offshore Oil & Gas Rig Market was estimated to be USD14735.78 million in 2021.

Which was the dominant segment by type in the Global Offshore Oil & Gas Rig Market in 2021?

The Jackups dominate the Global Offshore Oil & Gas Rig Market with a share of 66.02% in 2021 as it offers a steady and relatively motion-free platform in the drilling position and mobilizes quickly and easily.

Which is the dominant region in the Global Offshore Oil & Gas Rig Market?

Asia-Pacific dominates the Global Offshore Oil & Gas Rig Market, with a market share of 33.17% in the year 2021, owing to the rising demand for offshore projects where the vast untapped reserves are being used for the development of the economy of countries in the region.