Press Esc to close

WorldOil

CONTENT PREVIEW

For full content view: Log in Now!

  • Offshore rig construction boom continues


    Matthew Donovan

    Demand for mobile offshore drilling rigs, particularly for drillships and semisubmersibles with deepwater capabilities, has been strong through much of 2008, and this has fueled a continuing boom in new rig construction. However, recent worldwide financial instability could sink the market. Construction and materials costs for new rigs are high, and an inability to secure financing could make it difficult for drilling contractors to order additional new units, or even complete all of the rigs currently planned, Fig. 1. Presently, 145 mobile offshore drilling rigs are under construction, 41 are on order, and a handful of others are planned, but without shipyard commitments as yet. This represents an increase in rigs on order since January, since 130 rigs were under construction and 45 were on order at the beginning of 2008, Table 1. At the moment, 44 drillships, 56 semisubmersibles and 83 jackups are under construction, on order or planned.

This area of the site is restricted. In order to gain access, please either Log In, or subscribe to World Oil.

Two options are available to you for creating an account.

1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.

Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.

Free Trial


2. Purchase a subscription to World Oil magazine and gain immediate and complete access to World Oil Online. As a Total Access subscriber you will have access to all areas of the site available to registered users and free subscribers as well as having access to such premium content areas as:

  • The Archives section containing over ten years of complete magazine archives,
  • The WO DataHub's engineering tables and directories,
  • The World Oil annual forecasts, including past predictions,
  • Select World Oil technical handbooks,
  • And much, much more!

Subscribe


Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.


If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.

WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

ENERGY EVENTS