Overview
The jack-up rig market is expected to grow from USD 3.6 billion in 2023 to USD 5.6 billion by 2032, at a CAGR of 5.50%. Jack-up rigs are mobile offshore drilling units (MODUs) that can be raised or lowered above the sea surface using legs. They are typically used in shallow water depths, up to 400 feet. Jack-up rigs are versatile and can be used for a variety of tasks, including oil...
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