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Energy - Policy, Economics, Management & Transport | The Offshore Drilling Industry and Rig Construction in the Gulf of Mexico

The Offshore Drilling Industry and Rig Construction in the Gulf of Mexico

Series: Lecture Notes in Energy, Vol. 8

Kaiser, Mark J, Snyder, Brian F

2013, XVIII, 246 p. 133 illus.

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  • Describes the global MODU industry and the economic impacts of rig construction in the U.S with an emphasis on dayrates in the service market and capital expenditures in the newbuild market as basic indicators of the industry
  • Includes an overview of shipyards in the newbuild market to outline the geographic distribution of construction and the status of the market circa 2011
  • Analyzes the construction costs of jackup rigs in the U.S. the labor, equipment, estimated  material cost components and considers factors that influence capital costs to draw a comprehensive image of the industry

Jackups, semisubmersibles and drillships are the marine vessels used to drill offshore wells and are referred to collectively as mobile offshore drilling units (MODUs). MODUs are supplied through newbuild construction and operate throughout the world in highly competitive regional markets. The Offshore Drilling Industry and Rig Construction Market in the Gulf of Mexico examines the global MODU service and construction industry and describes the economic impacts of rig construction in the United States.


The industrial organization and major players in the contract drilling and construction markets are described and categorized. Dayrates in the contract drilling market are evaluated and hypotheses regarding dayrate factors are tested. Models of contractor decision-making are developed, including a net-present value model of newbuilding investment and stacking decisions, and market capitalization models are derived. Jackup construction shipyards and processes are reviewed along with estimates of labor, equipment, and material cost in U.S. construction. Derivation of newbuild and replacement cost functions completes the treatise. 


The comprehensive and authoritative coverage of The Offshore Drilling Industry and Rig Construction Market in the Gulf of Mexico makes it an ideal reference for engineers, industry professionals, policy analysts, government regulators, academics and other readers wanting to learn more about this important and fascinating industry.

Content Level » Research

Keywords » Dayrates and Capital Expenditures - Gulf of Mexico - Mobile Offshore Drilling Units (MODUs) - Offshore Drilling and Rig Construction in the - Rig Markets and Construction - Service and Newbuild Markets

Related subjects » Policy, Economics, Management & Transport - Production & Process Engineering

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