HOME / Building new offshore drilling rigs

Building new offshore drilling rigs

Home

We design and build drilling rig systems for the worldwide offshore geotechnical industry. We support our clients with our driller crews, technical services and operational advice borne out

Painful downturn: Will there ever be another drilling rig

In 2025, offshore oil rigs are standin'' at a major turning point. From smart tech to climate pressure, the upstream oil and gas industry is dealin'' with a mix of fresh possibilities and real tough

Top 12 Offshore Drilling Companies Powering the

Explore the top 12 offshore drilling companies shaping the global energy sector. Learn about their innovations, capabilities, and how they

Oil Rig Construction: Building & Engineering in

Every day, oil rigs around the world extract tens of millions of barrels of oil. Building oil rigs and platforms can be extremely dangerous and

Custom Modular Offshore Buildings | Hunter

Hunter''s fire-resistant offshore buildings offer unparalleled safety and the comforts of home for workers aboard all types of oil platforms, drilling rigs and vessels.

Offshore Rigs Explained: Structure & Function

Learn about offshore rigs, their function, and challenges in offshore drilling. Discover how they play a critical role in energy production.

The Future of Offshore Oil Rigs: 2025 and beyond

This blog looks at the future of offshore oil rigs and highlights some of the competing forces acting within the market. It also identifies the

Project Management Services | New Builds

OES work closely with the drilling contractors and have a wealth of experience in project management and have provided these services to onshore and

Offshore Rigs | Arabian Drilling

Arabian Drilling is an award winning onshore and offshore gas and oil rig drilling company in Saudi Arabia with an extensive track record of operational

Offshore rig demand surges, yet new orders remain

Over the last three years, the offshore rig market has been experiencing intense demand signals, reminiscent of past booms; however, rig contractors are

Rig construction of third out of 20 planned newbuilds

The contract between ARO Drilling and IMI marks the opening of the construction chapter for a third in a series of 20 planned newbuild rigs.

Report: No resurgence seen for newbuild rig

Any new rig orders will more likely be for jackups, with some now on multi-year contracts, up to 15 years in the Middle East. At the same time,

10 Major Offshore Oil Rig Manufacturers

Offshore Oil Rig Manufacturers specialise in offshore drilling and rig construction. These rigs drill into the ocean floor to extract oil or gas and

Offshore Rigs News

Offshore drilling contractor Borr Drilling has secured new contract commitments for two of its premium jack-up rigs and confirmed the start of operations for one of its rigs offshore

The 5 Different Types of Oil Rigs | Maritime

The different types of oil rigs include fixed platforms and mobile drilling units for shallow or deep water, each with its own risks and benefits.

Building an Offshore Oil Rig: Essential Guide for Industry Experts

Discover key factors when building an offshore oil rig and wind farms. Our guide provides insights for professionals in the offshore industry

Singapore Drilling Company

Singapore Drilling delivers exceptional drilling services through its cutting-edge capabilities and expertise, generating genuine value for its partner companies and the economies in which it

Rig Dayrates Have Risen, So Where are the New rig Orders?

The prospect of building a new drillship or semi-submersible (semi) is less likely than jack-ups. Even with drillship dayrates inching closer to the magical $500,000 mark, the numbers simply

Rig construction market remains quiet but with room

Editor''s note: This story first appeared in the November-December 2022 issue of Offshore magazine. Click here to view the full issue. By Justin

Why newbuild orders face high barriers despite offshore drilling

Strong demand for oil combined with high oil prices during the previous offshore drilling upcycle (2010-2014) spurred a wave of new orders for offshore drilling rigs, particularly

Jurong Shipyard Builds Singapore''s Largest Harsh

Jurong Shipyard, a wholly owned subsidiary of Sembcorp Marine, has achieved a key milestone with the construction success of SeaDragon I,

Top 10 offshore drillers catch the wave of rising demand

By Cinnamon Edralin, Westwood Global Energy Group The global offshore drilling rig fleet of jackups, semisubs, and drillships kept busy in 2023,

Rig Dayrates Have Risen, So Where are the New rig Orders?

Much has been written in recent months about the increase in offshore rig utilization and dayrates. With some key segments of the fleet at 95% utilization or higher, dayrates for recent fixtures

Project Management Services | New Builds

How many new build rig projects has OES undertaken? OES work closely with the drilling contractors and have a wealth of experience in project

What is the cost of a drill rig?

An offshore oil rig cost is much higher, starting at $20 million and going as high as $1 billion. Owning your drill rig will save you money in the long run, especially when

Ending the zero-sum game in offshore drilling

Leaders in offshore drilling have responded to the downturn by incrementally reducing costs, delaying capital expenditures, and canceling orders for new rigs. The resulting

Top 20 leading offshore rig companies worldwide

They own and operate drilling rigs, such as jack-up rigs, semi-submersible rigs, and drillships, and provide contract services. Rig design and

Top 10 offshore drillers catch the wave of rising

The global offshore drilling fleet kept busy in 2023, returning more rigs to work and delivering several formerly stranded newbuilds.

ADNOC Drilling secures $806 million contract for three new island rigs

ADNOC Drilling announced today that it has been awarded a contract for three island rigs by ADNOC Offshore for an estimated total contract value of $806 million1 to support

How Much Does a Drilling Rig Cost in 2025? (New,

The cost of buying a new drilling rig ranges from $3-4 million for basic land rigs to over $1 billion for advanced offshore rigs. Land rig rentals

Offshore costs: why planning and relationships are key

Offshore rig rates: reaching decade highs Wood Mackenzie Offshore Drilling & Rigs Service data shows that rig utilisation rates have

Building new offshore drilling rigs [PDF]

Mining Drilling Rigs Inc.