Global Jack-up Rig Market Report with Potential Impact of COVID-19: 2020 Edition

Global Jack-up Rig Market Report with Potential Impact of COVID-19: 2020 Edition

The global jack-up rig market volume is expected to reach 578 units in 2024, growing at a CAGR of 1.67% during the period spanning 2020-2024. The growth in the market is supported by factors like rising urban population, increasing GDP per capita and surging global offshore drilling market. The market is predicted to witness certain trends like upsurge in global oil demand and technological advancements in the jack-up rigs. The global jack-up rig market is anticipated to face certain challenges such as depletion of oil reserves and international political & economic instability. In 2020, the global jack-up rig market is expected to be influenced by the emergence of novel coronavirus. The increasing prevalence of COVID-19 would impact the economic growth and prices of crude oil.

The global jack-up rig market by age can be segmented into the following: <10 years, more than 30 years, 10-20 years and 20-30 years. In 2019, the highest share of the market was held by <10 years jack-up rig segment, followed by more than 30 years jack-up rig. The global under construction jack-up rigs volume by region can be segmented as follows: China, Singapore and Middle East. The dominant share of the market was held by China, followed by Singapore and Middle East.

The global jack-up market by supply can be segmented as follows: Middle East, South East Asia, US Gulf of Mexico, North Sea and Latin America. In 2019, the dominant share was held by Middle East, followed by South East Asia.

Scope of the report:

  • The report provides a comprehensive analysis of the global jack-up rig market with potential impact of COVID-19.
  • The major regional markets (Middle East, South East Asia, US Gulf of Mexico, North Sea and Latin America) have been analyzed.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players (CIMC, Keppel Corporation, Sembcorp Marine Ltd., DSME, Diamond Offshore Drilling and Shelf Drilling) are also presented in detail.
Key Target Audience:
  • Jack-up Rig Producers
  • Raw Material Providers
  • End Users (Businesses/Consumers)
  • Investment Banks
  • Government Bodies & Regulating Authorities


1. Market Overview
1.1 Oil & Gas Industry
Table 1: Processes of Oil & Gas Industry
Table 2: Types of Oil & Gas E&P
Table 3: Types of Rigs and Water Depth
1.2 Jack-Up Rigs
2. Impact of COVID-19
2.1 Impact on Global Economy
2.2 Impact on Economic Growth
Table 4: Impact on Economic Growth (2019, 2020 & 2021)
2.3 Impact on Crude Oil Prices
Table 5: Global Crude Oil Prices (Dec’19 – Apr’20)
2.4 Change in Organic Traffic
Table 6: Organic Traffic Growth or Decline due to COVID-19 (2020)
2.5 Global Prevalence of COVID-19
Table 7: Global COVID-19 Infected Cases (Jan’20 – Jun’20)
3. Global Rig Market
3.1 Global Rig Count Volume
Table 8: Global Rig Count Volume (2015-2019)
3.2 Global Rig Count Volume by Region
Table 9: Global Rig Count Volume by Region (2019)
3.2.1 The US Rig Count Volume
Table 10: The U.S. Rig Count Volume (2015-2019)
3.2.2 Middle East Rig Count Volume
Table 11: Middle East Rig Count Volume (2015-2019)
3.2.3 Asia Pacific Rig Count Volume
Table 12: Asia Pacific Rig Count Volume (2015-2019)
4. Global Jack-up Rig Market
4.1 Global Jack-up Rig Market by Fleet Size
Table 13: Global Jack-up Rig Market by Fleet Size (2015-2019)
4.2 Global Jack-up Rig Market Forecast by Fleet Size
Table 14: Global Jack-up Rig Market Forecast by Fleet Size (2020-2024)
4.3 Global Jack-up Rig Supply and Utilization
Table 15: Global Jack-up Rig Supply and Utilization (2015-2019)
4.4 Global Working Jack-up Rig Count
Table 16: Global Working Jack-up Rig Count (2015-2019)
4.5 Global Contracted Jack-up Rig Count
Table 17: Global Contracted Jack-up Rig Count (2015-2019)
4.6 Global Jack-up Rig Market by Age
Table 18: Global Jack-up Rig Market by Age (2019)
4.7 Global Jack-up Rig Orders by Volume
Table 19: Global Jack-up Rig Orders by Volume (2015-2019)
4.8 Global Jack-up Rig Attrition by Volume
Table 20: Global Jack-up Rig Attrition by Volume (2015-2019)
4.9 Global Jack-up Rigs Delivery Schedule
Table 21: Global Jack-up Rigs Delivery Schedule (2019-2022)
4.10 Global Under Construction Jack-up Rigs
Table 22: Global Under Construction Jack-up Rigs (2015-2019)
4.11 Global Under Construction Jack-up Rigs Volume by Region
Table 23: Global Under Construction Jack-up Rigs Volume by Region (2019)
5. Regional Jack-up Rig Market
5.1 Middle East
5.1.1 Middle East Jack-up Rig Supply and Utilization
Table 24: Middle East Jack-up Rig Supply and Utilization (2015-2019)
5.1.2 Middle East Contracted Jack-up Rig Count
Table 25: Middle East Contracted Jack-up Rig Count (2015-2019)
5.2 South-East Asia
5.2.1 South-East Asia Jack-up Rig Supply and Utilization
Table 26: South-East Asia Jack-up Rig Supply and Utilization (2015-2019)
5.2.2 South-East Asia Contracted Jack-up Rig Count
Table 27: South-East Asia Contracted Jack-up Rig Count (2015-2019)
5.3 The U.S. Gulf of Mexico
5.3.1 The US Gulf of Mexico Jack-up Rig Supply and Utilization
Table 28: The US Gulf of Mexico Jack-up Rig Supply and Utilization (2015-2019)
5.3.2 The US Gulf of Mexico Contracted Jack-up Rig Count
Table 29: The US Gulf of Mexico Contracted Jack-up Rig Count (2015-2019)
5.4 North Sea
5.4.1 North Sea Jack-up Rig Supply and Utilization
Table 30: North Sea Jack-up Rig Supply and Utilization (2015-2019)
5.4.2 North Sea Contracted Jack-up Rig Count
Table 31: North Sea Contracted Jack-up Rig Count (2015-2019)
5.5 Latin America
5.5.1 Latin America Jack-up Rig Supply and Utilization
Table 32: Latin America Jack-up Rig Supply and Utilization (2015-2019)
5.5.2 Latin America Contracted Jack-up Rig Count
Table 33: Latin America Contracted Jack-up Rig Count (2015-2019)
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Increasing Urbanization
Table 34: Global Urban Population (2014-2019)
6.1.2 Accelerating Economic Growth
Table 35: Global Gross Domestic Product (GDP) per Capita (2014-2019)
6.1.3 Rising E&P Spending on Rigs
Table 36: US Annual E&P Spending Per Rig (2016-2018)
6.1.4 Rising Investment in Offshore Drilling Exploration Activities
Table 37: Global Offshore Drilling Market by Value (2018-2023)
6.2 Key Trends
6.2.1 Surging Oil Demand
Table 38: Global Oil Demand (2015-2040)
6.2.2 Technological Advancements
6.2.3 Increasing Demand for Premium & Ultra Premium Jack-up Rigs
6.3 Challenges
6.3.1 Depletion of Oil Reserves
6.3.2 International Political and Economic Instability
6.3.3 Environmental Issues
7. Competitive Landscape
7.1 Global Market
7.1.1 Revenue Comparison – Key Players
Table 39: Key Players – Revenue Comparison (2019)
7.1.2 Market Capitalization Comparison – Key Players
Table 40: Key Players – Market Capitalization Comparison (2020)
7.1.3 Global Jack-Up Rig Deliveries by Company
Table 41: Global Jack-Up Rig Deliveries by Company (2015-2019)
7.1.4 Global Jack-Up Rig Orders by Company
Table 42: Global Jack-Up Rig Orders by Company (2015-2019)
8. Company Profiles
8.1 CIMC (China COSCO Shipping)
8.1.1 Business Overview
8.1.2 Financial Overview
Table 43: CIMC Revenue and Net Profit (2014-2018)
Table 44: CIMC Revenue by Segment (2019)
Table 45: CIMC Revenue by Region (2019)
8.1.3 Business Strategies
8.2 Keppel Corporation
8.2.1 Business Overview
8.2.2 Financial Overview
Table 46: Keppel Corporation Revenue and Net Profit (2014-2018)
Table 47: Keppel Corporation Revenue by Segment (2019)
Table 48: Keppel Corporation Revenue by Region (2019)
8.2.3 Business Strategies
8.3 Sembcorp Marine Ltd. (Sembcorp)
8.3.1 Business Overview
8.3.2 Financial Overview
Table 49: Sembcorp Marine Ltd. Revenue and Net Profit (2015-2019)
Table 50: Sembcorp Marine Ltd. Revenue by Segment (2019)
Table 51: Sembcorp Marine Ltd. Revenue by Region (2019)
8.3.3 Business Strategies
8.4 DSME
8.4.1 Business Overview
8.4.2 Financial Overview
Table 52: DSME Revenue and Net Profit (2014-2018)
Table 53: DSME Revenue by Segment (2019)
8.4.3 Business Strategies
8.5 Diamond Offshore Drilling
8.5.1 Business Overview
8.5.2 Financial Overview
Table 54: Diamond Offshore Drilling Revenue and Net Income (Loss) (2015-2019)
Table 55: Diamond Offshore Drilling Revenue by Segment (2019)
Table 56: Diamond Offshore Drilling Revenue by Region (2019)
8.5.3 Business Strategies
8.6 Shelf Drilling (Shelf Drilling Intermediate)
8.6.1 Business Overview
8.6.2 Financial Overview
Table 57: Shelf Drilling Revenue and Net Loss (2015-2019)
Table 58: Shelf Drilling Revenue by Region (2019)
8.6.3 Business Strategies

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