Global competition in rigbuilding, from Singapore's perspective
Marine and offshore engineering is an important contributor to Singapore’s economy. It The industry employed 83,700 workers and accounted for 1.8% of Singapore’s GDP in 2011. Recent upswings of exploration and production activities in oil and gas industry have swollen orderbooks of yards globally. A...
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| Format: | Final Year Project |
| Language: | English |
| Published: |
2013
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| Online Access: | http://hdl.handle.net/10356/52909 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | Marine and offshore engineering is an important contributor to Singapore’s economy. It The industry employed 83,700 workers and accounted for 1.8% of Singapore’s GDP in 2011. Recent upswings of exploration and production activities in oil and gas industry have swollen orderbooks of yards globally. Although jack-up and semi-submersible constructions remain as niche areas of Singapore, changing market demands have blurred competitive frontiers of yards. Intensifying competition among existing players and new entrants has driven rig builders towards greater innovative solutions and value creation to the customers.
This report aims to provide a comprehensive outlook of global rigbuilding industry, from Singapore’s perspective. Current position of Singapore yards is examined through internal and external scanning of the rigbuilding industry. Yard selection considerations are studied from rig owners’ viewpoint and levels of competition among rig building nations in jack-up, semi-submersible and drillship markets. Where the future is concerned, strengths of Singapore yards are scrutinized to determine their sustainability and possible ventures are recommended. |
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