Oil prices fueled demand for drilling ships

A tangible rise in energy prices stimulates specialized shipbuilding segments. First of all, this applies to enterprises focused on the production of floating production complexes for work at great depths.
According to a recent study by the International Maritime Association (IMA), while the openly "bullish" trends in the international oil and gas market continue, in the next 18 months, up to 30 contracts for the construction of floating production complexes can be expected to be signed.

The rise in energy prices stimulates mining companies to increase investments in the development of deep-water (3000m +) hydrocarbon deposits, the pace of which is significantly constrained by the limited supply of specialized drilling vessels.

So, according to estimates by Esgian Rig Service, as of October 20, the number of operating drilling vessels in the world market was 58 units, and another 11 were in the process of being withdrawn from long / short term storage:

In the coming months, we can expect an even more active withdrawal of drilling vessels from mothballing, but this is unlikely to be able to meet the dynamically growing demand for their services in the medium term. Thus, the mining companies pin their main hopes on the prompt commissioning of a specialized new building.

It is expected that by the beginning of 2023 the order book of the shipbuilding industry in this segment will be replenished with contracts for the construction of 25 floating complexes for production, storage and offloading of oil (FSPO) and 5 floating production units (FPU).
Industry experts note that, unlike floating production complexes, the revival of demand has not yet affected the segments of jack-up and semi-submersible drilling platforms.