With offshore oil exploration becoming a bigger and bigger part of the overall picture, rig companies are looking more and more like great investment opportunities. However, because of the increasing demand for equipment that can drill further offshore and in harsher environments, some of the tried and true rig owners may find lots of their legacy assets sitting in the docks and making no money, while those with the younger fleets may be ready to take the crown.

So what companies are surging ahead? Tune in to the following video, where fool.com contributor Tyler Crowe looks at why we're about to see a major shift in the way we think about rig companies and which ones are in the best position to succeed.

Fool contributors Aimee Duffy and Tyler Crowe have no position in any stocks mentioned. You can follow them both on Twitter @TMFDuffy and @TylerCroweFool, respectively.

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