Offshore Drilling Rigs Market to 2022: Overview, Opportunities, In-Depth Analysis and Forecasts
World Offshore Drilling Rigs Market - Overview The Offshore Drilling Rigs Market is perceiving an augmented demand worldwide attributing to the rising oil & gas exploration activities around the globe. Simultaneously, ever rising high demand for crude oil, depleting reservoirs coupled with the maturing O&G onshore wells are fostering the growth of Offshore Drilling Rigs market. Moreover, constant development of offshore reserves and rising deep water production influence the growth of the global offshore drilling market positively. Owing to all these factors; the market for Offshore Drilling Rigs is garnering a fabulous demand on the global platform. Accrediting the exponential accruals the market is garnering currently, demonstrating the growth prospects globally, Market Research Future, recently published a meticulous study report giving out the complete market insights up till 2023. In its analysis MRFR foretells that the Global Offshore Drilling Rigs Market will ascend up to ~ 99.67 Billion USD by 2023, registering a striking CAGR during the anticipated period (2016 – 2022). The gap between demand and supply in O&G sector has prompted the need for efficient search and extraction of oil and gas. Recent discoveries of offshore energy reserves in some of the regions have triggered the growth in the offshore drilling rigs market. Offshore drilling rigs systems are implemented to maximize oil and gas extraction. Additionally, a renewed interest in shale gas extraction has also driven the offshore drilling rigs market. Moreover, growth of the offshore drilling rigs market is propelled by factors such as growing offshore activities in the harsh environmental conditions of North Sea and depleting oil and gas reserves in the US Growing demand for deep-water activities in the Asia-Pacific region and further drilling into mid ocean are driving the demand for offshore drilling rigs globally. On the other hand, offshore drilling projects require a much longer timeline than onshore drilling rigs, this is a major factor that restricts the growth of the market in forecast period between 2016 and 2022. However, the rising investments in oil and gas activities are expected to provide impetus to the market growth during g the forecast period. Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/2689 Key Players The major player operating in the market of offshore drilling rigs are Aban Offshore Limited, China Oilfield Services Ltd, Ensco plc, Diamond Offshore Drilling Inc., Vantage Drilling Co.,