In its first worldwide mobile rig forecast for 2020, IHS Markit, which relies on data from its Petrodata RigPoint database, estimates the average global demand for mobile offshore drilling units, comprising jack ups and floating rigs, is expected to increase by 13% between 2018 and 2020 as the offshore market slowly emerges from its prolonged downturn.

 

IHS Markit expects global offshore rig demand will average 521 units in 2020, which exceeds the average of 453 units expected through 2018. These demand figures account for the entirety of 2018 through 2020, including seasonal fluctuations and regional trends.

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