Driving the drilling boom
The drilling rig industry is in the middle of the biggest building boom since the 1980s as contractors move to address the issues of ageing fleets and the increasing demand for deepwater E&P. The order books of the major shipyards are overflowing as the trend to move away from building semi-submersibles continues and the market is increasingly divided between standard specification and high specification drilling rigs, writes Richard Walker, Associate Advisor at Epeus.
Article details
Journal title: Petroleum Review
Publisher: Energy Institute
Subjects: Oil and gas, Primary energy production, Deep water, Drilling platforms, Drilling technology, Exploration and production, Floating production facility, FPSO, Gas fields, Offshore drilling, Offshore exploration, Offshore technology, Oil production
