Overview
- 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
- Includes supplementary material: sn.pub/extras
Part of the book series: Lecture Notes in Energy (LNEN, volume 8)
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Table of contents (15 chapters)
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Front Matter
Keywords
About this book
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.
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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.Â
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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.
Authors and Affiliations
About the authors
Mark J Kaiser is Professor and Director, Research and Development Division, Center for Energy Studies, Louisiana State University, USA. He is also Adjunct Professor in the Department of Petroleum Engineering and in the Department of Environmental Studies, Louisiana State University, Baton Rouge, LA, USA. He has a PhD in Industrial Engineering from Purdue University, West Lafayette, IN, USA.
Brian F Snyder is a Research Associate at the Center for Energy Studies, Louisiana State University, USA. He is a Ph.D. candidate in Ecology at the University of Georgia, Athens GA, USA
Bibliographic Information
Book Title: The Offshore Drilling Industry and Rig Construction in the Gulf of Mexico
Authors: Mark J Kaiser, Brian F Snyder
Series Title: Lecture Notes in Energy
DOI: https://doi.org/10.1007/978-1-4471-5152-4
Publisher: Springer London
eBook Packages: Energy, Energy (R0)
Copyright Information: Springer-Verlag London 2013
Hardcover ISBN: 978-1-4471-5151-7Published: 05 September 2013
Softcover ISBN: 978-1-4471-5922-3Published: 22 August 2015
eBook ISBN: 978-1-4471-5152-4Published: 23 August 2013
Series ISSN: 2195-1284
Series E-ISSN: 2195-1292
Edition Number: 1
Number of Pages: XVIII, 246
Topics: Energy Policy, Economics and Management, Engineering Economics, Organization, Logistics, Marketing