Abstract
ABSTRACTThe US jackup construction industry has historically been the major provider of newbuilt drilling rigs operating in state waters and on the US. Outer Continental Shelf. From 2000 to 2010, a total of 26 jackups were delivered to the US market by two US shipyards. The purpose of this paper is to examine the US construction market that supplies jackup rigs in the region. Cost, labour, and material estimates for rig construction are developed and it is estimated that between 1000 and 3500 people were directly employed by the rig newbuild industry in the US Gulf Coast between 2000 and 2010. The US jackup construction industry is geographically localised and generates about $360 million in annual revenue, but its long-term outlook is uncertain because shallow water drilling in the region has been declining for the past two decades as capital flows to onshore resource plays and the deepwater sector. Regression models for rig construction cost are used to calibrate capital expenditures and steel weight requirements.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
