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Offshore drilling rigs are floating or fixed offshore platform facilities used for oil and natural gas exploration and production in water depths ranging from shallow to ultra-deep waters. These rigs offer a stable and safe platform for drilling wells into the seabed. They aid in hydrocarbon retrieval through the use of advanced drilling technologies. The Offshore Drilling Rigs Market is estimated to be valued at Us$ 75.40 Bn in 2023 and is expected to exhibit a CAGR Of 6.8% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
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