Mobile Offshore Drilling Unit Market To Reach USD 9.9 Billion By 2032 | DataHorizzon Research [Yahoo! Finance]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
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Source: Yahoo! Finance
Fort Collins, Colorado, April 24, 2024 (GLOBE NEWSWIRE) -- The growing demand for oil and gas drives the need for mobile offshore drilling units. The increasing demand for oil and gas and the depletion of onshore and shallow-water reserves have driven the need for mobile offshore drilling units (MODUs) to explore and exploit deep-water and ultra-deepwater resources. Several factors, including technological advancements in offshore drilling, the discovery of new offshore oil and gas fields, and the growing global demand for energy fuel this trend. According to the U.S. Energy Information Administration (EIA), global offshore oil production will increase significantly in the coming years, reaching 11.7 million daily barrels by 2040. This growth is driven by the exploration and development of deep-water and ultra-deepwater reserves that require specialized equipment and expertise, such as MODUs, to access and extract. The discovery of new offshore oil and gas fields, particularl
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