A Primer on the Offshore Contract Drilling Industry

Document Type

Article

Publication Date

7-1-2013

Abstract

Mobile offshore drilling units (MODUs) are specialized marine vessels used to drill subsea wells to find and produce hydrocarbons. The contract drilling industry is critical to the offshore oil and gas supply chain, and market dynamics are an important factor in the costs to drill an offshore well. In this article, an introduction to the industry is provided with an emphasis on the factors that influence rig day rates and market structure. © 2013 Copyright Taylor and Francis Group, LLC.

Publication Source (Journal or Book title)

Ocean Development and International Law

First Page

287

Last Page

314

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