Forecast: Shortage of premium jackup rigs by 2015

ODS-Petrodata has announced the release of the Jackup Rig Market Report: 2010-2018.

Offshore staff

HOUSTON -- ODS-Petrodata has announced the release of the Jackup Rig Market Report: 2010-2018. This report draws conclusions about the evolution of the market over the recent past and coming years – including how the premium jackup market will reach a potential shortage of units by 2015.

The premier edition of the Jackup Rig Market Report: 2010-2018, a partial successor to the World Rig Forecast: Long-Term Trends Report, focuses solely on the issues associated with the long-term demand and supply trends of the global jackup rig market through the end of 2018. For the first time, the report segments the market into three distinct categories: premium jackups (independent leg units with rated water depth of more than 300 ft); commodity jackup rigs (independent leg units with rated water depth of 300 ft or less); and mat-supported units.

In the report, ODS-Petrodata presents market developments throughout the rise and fall of commodity pricing and government regulations. The analysis predicts a widening divergence in demand between the premium and commodity jackup rigs – leading to a possible shortage of premium jackup units by 2015. The Jackup Rig Market Report: 2010-2018also discusses the fluctuation of day rates over time and the market drivers behind the prediction that day rates are slated to rise, although not to the rates seen during the recent oil boom of 2006-2008.

11/09/2010

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