Europe Jackup Rigs Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Europe Jackup Rig Companies and the market is segmented by geography (the United Kingdom, Russia, Norway, the Netherlands, and the rest of Europe). The market size and forecasts are provided in terms of revenue (USD) for all the above segments.

Europe Jackup Rigs Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Europe Jackup Rigs Market Size

Europe Jackup Rig Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 6.10 %
Market Concentration Medium

Major Players

Europe Jackup Rig Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Jackup Rigs Market Analysis

The Europe Jackup Rig Market is expected to register a CAGR of greater than 6.1% during the forecast period.

The Europe jack-up market was adversely affected by COVID-19 due to disruptions in the supply chain and oil price crashes. However, the market rebounded in 2021.

  • Factors such as increasing demand for modern new rigs and offshore oil and gas activities will likely drive the European jack-up rig market's growth during the forecast period.
  • However, volatile crude oil and gas prices are likely to hinder the market's growth during the forecast period.
  • The EU's energy goals call for 32% clean and sustainable power generation by 2030, leaving 68% for other sources like oil and gas.Hence, Europe's offshore exploration and production are expected to have more potential in the market, which, in turn, is likely to provide an opportunity for jackup rig providers in the future.
  • Norway is expected to dominate the European jackup rig market over the forecast period.

Europe Jackup Rigs Industry Overview

The European jack-up rig market is moderately fragmented. Some of the major players in the market include (not in any particular order) Noble Corporation PLC, Maersk Drilling AS, Seadrill Ltd, Borr Drilling Ltd, and Valaris PLC.

Europe Jackup Rigs Market Leaders

  1. Seadrill Ltd

  2. Borr Drilling Ltd

  3. Noble Corporation PLC

  4. Maersk Drilling AS

  5. Valaris PLC

  6. *Disclaimer: Major Players sorted in no particular order
Europe Jackup Rig Market Concentration
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Europe Jackup Rigs Market News

  • January 2022: Maersk Drilling was awarded a contract by TotalEnergies to employ the high-efficiency jack-up Maersk Reacher for well intervention services in the Danish North Sea.
  • December 2022: BP awarded the offshore drilling company Noble Corp. a one-year drilling and plugging & abandonment services contract in the UK sector of the North Sea worth USD 50 million.

Europe Jackup Rigs Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2028
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Geography
    • 5.1.1 United Kingdom
    • 5.1.2 Russia
    • 5.1.3 Norway
    • 5.1.4 Netherlands
    • 5.1.5 Rest of Europe

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Noble Corporation PLC
    • 6.3.2 Maersk Drilling AS
    • 6.3.3 Seadrill Ltd
    • 6.3.4 Borr Drilling Ltd.
    • 6.3.5 KCA DEUTAG Drilling Ltd.
    • 6.3.6 Nabors Industries Ltd.
    • 6.3.7 Valaris PLC
    • 6.3.8 Saipem SpA
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Europe Jackup Rigs Industry Segmentation

Jack-up rigs are offshore rigs with three or four movable legs that can elevate when the rig relocates from one location to another. Jack-up rigs are commonly used for oil and gas activities in shallow depths. The report covers the size and forecasts of the jack-up rig market across the major countries in the region. For each segment, market sizing and forecasts have been done based on revenue (USD billion).

Geography United Kingdom
Russia
Norway
Netherlands
Rest of Europe
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Europe Jackup Rigs Market Research FAQs

What is the current Europe Jackup Rig Market size?

The Europe Jackup Rig Market is projected to register a CAGR of greater than 6.1% during the forecast period (2025-2030)

Who are the key players in Europe Jackup Rig Market?

Seadrill Ltd, Borr Drilling Ltd, Noble Corporation PLC, Maersk Drilling AS and Valaris PLC are the major companies operating in the Europe Jackup Rig Market.

What years does this Europe Jackup Rig Market cover?

The report covers the Europe Jackup Rig Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe Jackup Rig Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Europe Jack Up Rig Industry Report

Statistics for the 2025 Europe Jackup Rig market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Jackup Rig analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.