Mobile Offshore Drilling Unit Market Analysis

Mobile Offshore Drilling Unit Segmentation

Drilling Unit (Drilling Barges, Submersible Rigs, Semi-Submersible Rigs, Jack-Up Rigs, and Drillship)

The drillship segment is poised to hold the highest revenue till 2036. The growth in market revenue is influenced by its ability to move faster from one well to another without any help from external assistance. Moreover, they also have the capability of carrying a wide range of loads.

Water-Depth (Shallow, Deep & Ultra-Deep)

The deep & ultra-deep segment is estimated to the significant growth over the forecast period. Owing to constant development in technology, the MODU is now able to carry out the drilling activity in the ultra-deepwater. Also, a large part of the undiscovered reserve is situated in deep waters. Hence, this segment is set to grow further to drive market size.

Our in-depth analysis of the market includes the following segments:

Drilling Unit

Drilling Barges
Submersible Rigs
Semi-Submersible Rigs
Drillship
Jack-Up Rigs

Water-Depth

Shallow
Deep & Ultra-Deep

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of mobile offshore drilling unit is estimated at USD 7.3 Billion.

The mobile offshore drilling unit (MODU) market size was valued at USD 7.15 Billion in 2023 and is likely to reach USD 9.37 Billion by 2036, registering around 2.1% CAGR during the forecast period i.e., between 2024-2036. The major factors driving the growth of the market are growing demand for vehicles, rise in demand for electricity, and reduce price of oil.

North America industry is set to have the highest growth through 2036, backed by presence of large oil and gas reserves and oilfield services in this region.

Keppel Corporation Limited, Sembcorp Marine Ltd, DSME Co., Ltd., SHI International Corporation, Hyundai Heavy Industries, CIMC Raffles Offshore Ltd., China Shipbuilding Industry Corporation, COSCO, China Merchant Holdings

Mobile Offshore Drilling Unit Market Analysis