DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/rgrwqv/offshore) has announced the addition of the "Offshore Floating Rigs Outlook to 2025" report to their offering.
The recent uncertainty in oil price has challenged the offshore rig market. Fleet utilization continues to drop as drilling activity declines due to project deferrals and cancellations at the same time new builds are providing additional capacity to the market. As a result, rig operators, offshore producers, and investors alike must have a clear understanding of the dynamics at play and conditions necessary to rebalance the market. Those who do so will be best positioned to manage the down cycle and effectively position themselves to capture the upside as the market recovers.
The report is structured around an introduction to the offshore drilling market, a core section covering the current market context, followed by our short-term and long-term outlooks, and ends with the key uncertainties that could lead to divergences with our reference case
Key issues addressed:
- Demand outlook for floaters with regional granularity
- Fleet supply dynamics including new deliveries and retirement projections
- Scenarios under which the market can return to balance and timing of the bottom of the cycle
- Response of day rates to decreases in fleet utilization
Key Topics Covered:
2. Executive summary
4. Floating rigs
5. Market uncertainties
- Atwood Oceanics
For more information visit http://www.researchandmarkets.com/research/rgrwqv/offshore