'Mobile Offshore Drilling Unit (MODU) Market to be Worth $54.8BN in 2013' Says Visiongain Report

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 out for, and includes an interview providing expert insight alongside Visiongain analysis.

The report on mobile offshore drilling units (MODU) 2013-2023 will be of value to current and future potential investors in the MODU, subsea construction and offshore E&P market, as well as companies who wish to broaden their knowledge of the MODU market.  

Companies Listed

A.P. Moller - Maersk Group
Aban Offshore
Asia Offshore
Atwood Oceanics
Baker Hughes
BP
Chevron Corporation
China National Offshore Oil Corporation (CNOOC)
China Oilfield Services Ltd.
ConocoPhillips
Daewoo Shipbuilding & Marine Engineering
Diamond Offshore
Dolphin Drilling
Egyptian Drilling
Eni S.p.A.
Ensco plc
Etesco
ExxonMobil
Frigstad Offshore
Gulf Drilling
Hercules Offshore
Hyundai Heavy Industries Ltd.
Industrial Perforadora de Campeche
Maersk Drilling
Nabors Offshore
National Drilling
Noble Corporation
North Atlantic Drilling Ltd.
North Sea Rigs AS
Ocean Rig UDW Inc.
Odebrecht Oil & Gas
Odfjell Drilling
Oil and Natural Gas Corporation Limited (ONGC)
Opus Offshore
Pacific Drilling
Pemex
Petrobras
Petróleos de Venezuela, S.A (PDVSA)
Petronas
Petroserv SA
Prospector Offshore
Quantum Pacific
Queiroz Galvão Óleo e Gás (QGOG)
Repsol
Rowan Companies plc
Royal Dutch Shell
Saipem
Samsung Heavy Industries
Schahin
Schlumberger
Seadrill Ltd.
Sete Brasil
Sevan Drilling
Shelf Drilling
Shengli Offshore
Songa Offshore
Standard Drilling
Stena Drilling
Stena Sphere
Total SA
Transocean Ltd.
TS Drilling Pte. Ltd.
Tullow Oil plc
Vantage Drilling

About visiongain

Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on.

Notes for Editors

If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44(0)207-336-6100 or please visit http://www.visiongain.com/Report/1016/The-Mobile-Offshore-Drilling-Unit-(MODU)-Market-2013-2023