Wrapping up the last of the major offshore drillers, Seadrill (SDRL) leaned heavily on its shallow water jack-up segment to perform most of the heavy profit lifting. Don't second guess this company's reliance on the deepwater market, however. According to management, the offshore boom could see production grow from around 1 million barrels per day to nearly 5 million as early as 2020.
If this is the case, there are many companies that stand to benefit. Based on everything that has been said about this market and the continued strong performance of the sector, Motley Fool analyst Taylor Muckerman doesn't view these claims as very outlandish. Check out more below.
