Offshore Oil Rig Manufacturers specialise in offshore drilling and rig construction. These rigs drill into the ocean floor to extract oil or gas and have facilities for refining and storing the products until they can be transported to shore.
The rigs are constructed in port cities and then towed to their destination. They are directly anchored to the seabed or placed on concrete or steel logs which are then anchored to the sea floor.
The revenue of offshore oil rig manufacturing is estimated to grow in the next few years. In 2024, the offshore drilling rigs market was valued at $78.27 billion, and by 2034, it is expected to touch $166.09 billion.
The factors which are driving this growth include an increased demand for oil and natural gas, new offshore discoveries, government regulations against onshore oil and gas projects, and exploration activities in untapped regions.
This increased demand has given rise to the construction of many offshore oil rigs, with enhanced safety features and advanced equipment.
Read this article to learn about Top Offshore Oil Rig Manufacturers.
1. Saipem
This Italian Company is known for its engineering and drilling expertise and the development of major projects in the energy and infrastructure sectors.
Founded in 1957, one of its main activities is building fixed platforms, with the first offshore installation being completed in 1957, the year when the company came into existence.
Since then, this oil rig manufacturer has undertaken around 100 major offshore projects in more than 60 countries, totalling almost three million tons of installed facilities.
The company strives to use sustainable methods and functional materials with a low environmental impact to design offshore platforms.
The company has 6 business lines and is present in over 50 countries with more than 30,000 employees of more than 120 nationalities.
2. Schlumberger NV
Also known as SLB, this American oilfield services company provides an extensive range of services.
It offers advanced technologies and integrated solutions to enhance drilling operations and boost production efficiency.
As of 2022, it is the world’s biggest offshore drilling company. It specialises in drilling technology, reservoir characterisation and production optimisation.
Established in 1926, and operating in more than 120 nations, it provides an array of equipment for land and offshore rigs, including drilling rigs.
Apart from manufacturing rig equipment, it also provides engineering services to optimize rig design, including customising rigs to meet operational needs and conducting training programs to ensure crew expertise on their equipment.
It also offers full lifecycle support for its equipment which includes design, manufacturing, installation and commissioning and maintenance and upgrades to ensure optimal performance of the rig throughout its life.
3. Seatrium Limited
This Singaporean State-owned company was formed in 2023 after Sembcorp Marine acquired Keppel Offshore & Marine.
The company’s products and services include rigs and floaters, offshore platforms, repairs and upgrades, and specialised shipbuilding.
It conducts business globally through its shipyard facilities in the U.K, Brazil, Singapore and Indonesia.
The oil rig manufacturer specializes in designing, engineering, constructing and commissioning offshore new buildings and conversions of FSOs, FPSOs, FPUs, FDPSOs and MOPUs, offshore oil and gas fixed platforms, including production facilities, living quarters and jackets, semisubmersibles, drillships and jack-ups.
4. Drillmec
Drillmec has designed, manufactured and distributed drilling and workover rigs which operate in over 40 countries on 5 continents. The company also provides offshore equipment for platforms, barges, semisubmersibles, drill ships and jack-ups.
The company manufactures several kinds of rigs, including their HH series offshore rigs w…
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