Results for tag: "Jack Up Rig"

The Jack Up Rig market is a segment of the Oilfield Equipment and Services industry. It is composed of companies that provide offshore drilling rigs, which are used to explore and extract oil and gas from beneath the ocean floor. These rigs are typically equipped with three or four legs that can be extended and retracted to raise and lower the platform. They are also equipped with a derrick, which is used to hoist and lower the drill string. Jack Up Rigs are used in a variety of offshore drilling operations, including exploration, production, and well intervention. They are also used for construction and maintenance of offshore platforms. Some of the major players in the Jack Up Rig market include Transocean, Noble Corporation, Seadrill, Ensco, and Pacific Drilling. Show Less Read more