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Recently, Liu Guizhe, chief researcher of China Shipbuilding Industry Economics and Market Research Center, said at the 2013 China Ocean Engineering International Symposium: The figures for the first three quarters of this year show that China’s offshore oil equipment orders have exceeded 10 billion US dollars, and the global share has been Accounted for 20%, showing a historical high. This figure shows that China's offshore oil equipment industry has already completed the planning goals of the National Development and Reform Commission and the Ministry of Industry and Information Technology. Among them, there are 28 orders for jack-up rigs, accounting for 60% of global orders. At present, the domestic handheld drilling platform's hand-held orders are close to half of the world's, surpassing the long-term first in Singapore. China has become the world's largest construction country for jack-up drilling platforms.
The self-elevating drilling platform has relatively low cost, good mobility and strong adaptability to seabed topography. It is currently the most common mobile drilling platform. Its main operating waters are Middle East/Eastern Europe, Asia Pacific/Australia, Mexico. Bay, North Sea, Africa (mainly West Africa) and Latin America. Middle East/East Europe, Asia Pacific/Australia and the Gulf of Mexico are the regions with the largest number of jack-up rigs. According to statistics, there are nearly 600 jack-up rigs in the world, and there are currently about 500 in-service rigs and nearly 100 under construction.
Liu Guizhe said that due to the market fluctuation of the jack-up drilling platform, China's orders will be reduced, but it is not difficult for China to maintain its current global market share.
According to industry insiders, in the short term, orders for jack-up rigs are likely to continue to rise in 2013. Demand is currently strong in the Gulf of Mexico, the Middle East, North Africa, India and Southeast Asia, and some of the demand will come from the demolition or alteration of older platforms. The market performance of new orders for 19 jack-up rigs in the first quarter of 2013, indicating that investors have good expectations for the current market. In the long run, orders for jack-up rigs will peak between 2013 and 2017, from 20 to 30 seats per year. It is expected that this trend will fall to 15 each year between 2018 and 2019.
China overtook Singapore as the largest builder of jack-up drilling platforms