Most of the offshore exploration wells, deepwater wells and development wells are drilled using these units. They include semi-submersibles, drilling vessels, jackups, submersibles and ultradeepwater units, etc. These are large vessels that carry out the operation of exploring and exploiting of natural resources found deep below the sea-bed. Mobile Offshore Drilling Units are units that are modified or designed to be used in the exploration and drilling operations of oil and gas. It uses "tools" to drill for the exploration of natural resources deep beneath the sea-bed for oil and gas "clients" called Oil and Gas operators (Independent oil or national oil ). Offshore drilling is basically a service. In fact, ignorance and over-knowledge, both should be avoided if you need a clear trading perspective.
No one here is saying that investors must hold an engineer degree to be able to trade it. This lack of rigor could have been avoided by paying more attention to the details without, of course, going overboard. Often, investors choose a stock based on unrelated reasons, that make them vulnerable to manipulation and blind emotion that lead to staggering losses later on. To be able to invest in this industry - or any industry for that matter - which is going through an unprecedented bear cycle, right now, investors must totally understand the "how-it-works", and this article could be considered as a good introduction.
Balance sheet which is the financial virtual part. Mobile Offshore Drilling Units is the "physical backbone" of the offshore drilling vs. Courtesy: - Quick representation of the MODU situation.
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