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Vantage Drilling Company Message Board

  • chkotime chkotime May 7, 2013 3:45 PM Flag

    Mobile Offshore Drilling Unit (MODU) worth 54.8B...

    LONDON, May 7, 2013 /PRNewswire/ --

    Visiongain's analysis indicates that the global market for mobile offshore drilling units (MODUs) will reach a value of $54.8bn in 2013. The sector will experience strong growth over the forecast period as demand for units with deepwater and ultra-deepwater drilling capability is set to increase continuously. Visiongain's analysis provides a comprehensive overview of the global MODU industry taking into account the various factors influencing the development of the market.

    The lead analyst of the report on mobile offshore drilling units commented that 'Mobile offshore drilling units are a crucial element of the rapidly expanding offshore E&P market and will grow in importance over the next years as production from offshore reserves is set to increase fundamentally. The market itself is in a period of change. Advances in drilling technology have opened up new markets. Drilling in harsh-environments and ultra-deepwater is where the industry is going at the moment. Demand for state of the art units has increased rapidly and has resulted in the largest newbuild cycle in the industry for over 30 years. The industry has overcome the effects of the financial crisis and the BP oil spill. Drilling activity has surpassed pre-Macondo levels and is set to grow further for several years. Due to its integral role in the offshore E&P market, investment in the market for MODUs will grow strongly over the next decade'.

    The mobile offshore drilling units 2013-2023, analyses this rapidly developing part of the energy market and provides insights into the drivers and restraints that will shape the market over the next decade. The report contains 188 charts and graphs that add visual analysis in order to explain developing trends within the global market, the four major submarkets, and the 7 leading regional markets. In addition, the report provides profiles of the top 10 major companies operating within the market, introduces 3 companies to watch

    Sentiment: Strong Buy

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