Jackup Rigs Market Technological Innovations and Their Impact on...

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2023-10-17 04:47:11 -

Jackup Rigs Market Technological Innovations and Their Impact on the Industry

The global jackup rigs market is expected to reach USD 5.6 billion by 2032, growing at a CAGR of 5.50% during the forecast period. Jackup rigs are mobile offshore drilling units that are supported by three or four legs that can be jacked up and down to elevate the hull above the sea surface. This makes them ideal for drilling in shallow waters, typically up to 350 feet deep. The self-elevating...

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