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A Primer on the Offshore Contract Drilling Industry

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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.

Keywords: drilling units; offshore hydrocarbons

Document Type: Research Article

Affiliations: Center for Energy Studies Louisiana State University, Baton Rouge, Louisiana, USA

Publication date: 01 July 2013

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