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Kaiser, Snyder Publish Offshore Drilling Text

Mark Kaiser and Brian Snyder have co-authored The Offshore Drilling Industry and Rig Construction Market in the Gulf of Mexico (London: Springer-Verlag, 2013), a comprehensive text examining the mobile offshore drilling units (MODUs) service and construction industry and the economic impacts of rig construction in the U.S.  

MODUs, which include jackups, semisubmersibles and drillships, are supplied through newbuild construction and operate throughout the world in highly competitive regional markets. The book describes and categorizes the industrial organization and major players in the contract drilling and construction markets. It features an evaluation of day rates and tests hypotheses regarding day rate factors.  Contractor decision-making models are developed, including a net-present value model of newbuilding investment, and market capitalization models are derived. The text also examines jackup construction shipyards and processes, and it provides estimates of labor, equipment, and material cost in U.S. construction.