According to Stratistics MRC, the Global Offshore Drilling Market is accounted for $79.53 billion in 2017 and is expected to reach $152.47 billion by 2026 growing at a CAGR of 7.5% during the forecast period. Some of the important aspects that driven the market growth are huge investments on new offshore reserves and increasing demand for oil and gas. However, the growth of offshore drilling market is inhibited by the regulations regarding environment and low oil prices. One of the major opportunities is the Arctic Discoveries.
Offshore drilling is a mechanically held procedure where a well is bored below the seabed. It is normally done in order to see the sights for and consequently take out petroleum that lie in rock that are formed under the seabed. Generally, it represents penetrating exercises on the mainland rack anyway the term can likewise be connected to boring in lakes, inshore waters and inland oceans.
Based on service, Directional Drilling is estimated to lead the market during the forecast period, the dynamic factor for this is the drop in oil prices which motivated companies to increase the production from basins with proven oil reserves.
By Geography, Asia-Pacific is anticipated to be the high in this market during the forecast period. Latest discoveries of oil & gas in the offshore basins in East Asia, Australia region, and China Sea and high demand from China and India are likely to force the in this market. That demand will lead to promote exploration and production in the region, with the ever-rising demand for oil and gas in that region the market is expected to achieve high growth.
Some of the key players in the market include Schlumberger Ltd., Halliburton Co., Fluor Corporation, Baker Hughes Inc., Transocean Ltd., Ensco PLC., Seadrill Ltd., Noble Corporation, Diamond Offshore Drilling Inc., Rowan, Saipem, Weatherford International Ltd., Stena Drilling, China Oil Field Services Ltd, Nabors Industries Ltd, Fred. Olsen Energy, KCA Deutag, Parker Drilling, Maersk Drilling, Scientific Drilling International, Paragon Offshore PLC, Archer Limited and Superior Energy Services.
Services Covered:
• Subsea production and processing
• Logging while Drilling
• Directional Drilling
• Offshore Contract Drilling
• Measurement While Drilling
Rigs Covered:
• Jack Up Rigs
• Drill Ships
• Semi-Submersible Rigs
• Tender
• Platform Rig
• Inland Barge
• Drill Barge
Applications Covered:
• Ultra-Deep Water Drilling
• Shallow Water Drilling
• Deep Water Drilling
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Offshore Drilling Market, By Service
5.1 Introduction
5.2 Subsea Production and Processing
5.3 Logging While Drilling
5.4 Directional Drilling
5.5 Offshore Contract Drilling
5.6 Measurement While Drilling
6 Global Offshore Drilling Market, By Rig
6.1 Introduction
6.2 Jack Up Rigs
6.3 Drill Ships
6.4 Semi-Submersible Rigs
6.5 Tender
6.6 Platform Rig
6.7 Inland Barge
6.8 Drill Barge
7 Global Offshore Drilling Market, By Application
7.1 Introduction
7.2 Ultra-Deep Water Drilling
7.3 Shallow Water Drilling
7.4 Deep Water Drilling
8 Global Offshore Drilling Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Schlumberger Ltd.
10.2 Halliburton Co.
10.3 Fluor Corporation
10.4 Baker Hughes Inc.
10.5 Transocean Ltd.
10.6 Ensco PLC.
10.7 Seadrill Ltd.
10.8 Noble Corporation
10.9 Diamond Offshore Drilling Inc.
10.10 Rowan
10.11 Saipem
10.12 Weatherford International Ltd.
10.13 Stena Drilling
10.14 China Oil Field Services Ltd
10.15 Nabors Industries Ltd
10.16 Fred. Olsen Energy
10.17 KCA Deutag
10.18 Parker Drilling
10.19 Maersk Drilling
10.20 Scientific Drilling International
10.21 Paragon Offshore PLC
10.22 Archer Limited
10.23 Superior Energy Services
List of Tables
1 Global Offshore Drilling Market Outlook, By Region (2016-2026) ($MN)
2 Global Offshore Drilling Market Outlook, By Service (2016-2026) ($MN)
3 Global Offshore Drilling Market Outlook, By Subsea Production and Processing (2016-2026) ($MN)
4 Global Offshore Drilling Market Outlook, By Logging While Drilling (2016-2026) ($MN)
5 Global Offshore Drilling Market Outlook, By Directional Drilling (2016-2026) ($MN)
6 Global Offshore Drilling Market Outlook, By Offshore Contract Drilling (2016-2026) ($MN)
7 Global Offshore Drilling Market Outlook, By Measurement While Drilling (2016-2026) ($MN)
8 Global Offshore Drilling Market Outlook, By Rig (2016-2026) ($MN)
9 Global Offshore Drilling Market Outlook, By Jack Up Rigs (2016-2026) ($MN)
10 Global Offshore Drilling Market Outlook, By Drill Ships (2016-2026) ($MN)
11 Global Offshore Drilling Market Outlook, By Semi-submersible Rigs (2016-2026) ($MN)
12 Global Offshore Drilling Market Outlook, By Tender (2016-2026) ($MN)
13 Global Offshore Drilling Market Outlook, By Platform Rig (2016-2026) ($MN)
14 Global Offshore Drilling Market Outlook, By Inland Barge (2016-2026) ($MN)
15 Global Offshore Drilling Market Outlook, By Drill Barge (2016-2026) ($MN)
16 Global Offshore Drilling Market Outlook, By Application (2016-2026) ($MN)
17 Global Offshore Drilling Market Outlook, By Ultra-Deep Water drilling (2016-2026) ($MN)
18 Global Offshore Drilling Market Outlook, By Shallow Water drilling (2016-2026) ($MN)
19 Global Offshore Drilling Market Outlook, By Deep Water drilling (2016-2026) ($MN)
20 North America Offshore Drilling Market Outlook, By Country (2016-2026) ($MN)
21 North America Offshore Drilling Market Outlook, By Service (2016-2026) ($MN)
22 North America Offshore Drilling Market Outlook, By Subsea Production and Processing (2016-2026) ($MN)
23 North America Offshore Drilling Market Outlook, By Logging While Drilling (2016-2026) ($MN)
24 North America Offshore Drilling Market Outlook, By Directional Drilling (2016-2026) ($MN)
25 North America Offshore Drilling Market Outlook, By Offshore Contract Drilling (2016-2026) ($MN)
26 North America Offshore Drilling Market Outlook, By Measurement While Drilling (2016-2026) ($MN)
27 North America Offshore Drilling Market Outlook, By Rig (2016-2026) ($MN)
28 North America Offshore Drilling Market Outlook, By Jack up Rigs (2016-2026) ($MN)
29 North America Offshore Drilling Market Outlook, By Drill Ships (2016-2026) ($MN)
30 North America Offshore Drilling Market Outlook, By Semi-submersible Rigs (2016-2026) ($MN)
31 North America Offshore Drilling Market Outlook, By Tender (2016-2026) ($MN)
32 North America Offshore Drilling Market Outlook, By Platform Rig (2016-2026) ($MN)
33 North America Offshore Drilling Market Outlook, By Inland Barge (2016-2026) ($MN)
34 North America Offshore Drilling Market Outlook, By Drill Barge (2016-2026) ($MN)
35 North America Offshore Drilling Market Outlook, By Application (2016-2026) ($MN)
36 North America Offshore Drilling Market Outlook, By Ultra-Deep Water drilling (2016-2026) ($MN)
37 North America Offshore Drilling Market Outlook, By Shallow Water drilling (2016-2026) ($MN)
38 North America Offshore Drilling Market Outlook, By Deep Water drilling (2016-2026) ($MN)
39 Europe Offshore Drilling Market Outlook, By Country (2016-2026) ($MN)
40 Europe Offshore Drilling Market Outlook, By Service (2016-2026) ($MN)
41 Europe Offshore Drilling Market Outlook, By Subsea Production and Processing (2016-2026) ($MN)
42 Europe Offshore Drilling Market Outlook, By Logging While Drilling (2016-2026) ($MN)
43 Europe Offshore Drilling Market Outlook, By Directional Drilling (2016-2026) ($MN)
44 Europe Offshore Drilling Market Outlook, By Offshore Contract Drilling (2016-2026) ($MN)
45 Europe Offshore Drilling Market Outlook, By Measurement While Drilling (2016-2026) ($MN)
46 Europe Offshore Drilling Market Outlook, By Rig (2016-2026) ($MN)
47 Europe Offshore Drilling Market Outlook, By Jack up Rigs (2016-2026) ($MN)
48 Europe Offshore Drilling Market Outlook, By Drill Ships (2016-2026) ($MN)
49 Europe Offshore Drilling Market Outlook, By Semi-submersible Rigs (2016-2026) ($MN)
50 Europe Offshore Drilling Market Outlook, By Tender (2016-2026) ($MN)
51 Europe Offshore Drilling Market Outlook, By Platform Rig (2016-2026) ($MN)
52 Europe Offshore Drilling Market Outlook, By Inland Barge (2016-2026) ($MN)
53 Europe Offshore Drilling Market Outlook, By Drill Barge (2016-2026) ($MN)
54 Europe Offshore Drilling Market Outlook, By Application (2016-2026) ($MN)
55 Europe Offshore Drilling Market Outlook, By Ultra-Deep Water drilling (2016-2026) ($MN)
56 Europe Offshore Drilling Market Outlook, By Shallow Water drilling (2016-2026) ($MN)
57 Europe Offshore Drilling Market Outlook, By Deep Water drilling (2016-2026) ($MN)
58 Asia Pacific Offshore Drilling Market Outlook, By Country (2016-2026) ($MN)
59 Asia Pacific Offshore Drilling Market Outlook, By Service (2016-2026) ($MN)
60 Asia Pacific Offshore Drilling Market Outlook, By Subsea Production and Processing (2016-2026) ($MN)
61 Asia Pacific Offshore Drilling Market Outlook, By Logging While Drilling (2016-2026) ($MN)
62 Asia Pacific Offshore Drilling Market Outlook, By Directional Drilling (2016-2026) ($MN)
63 Asia Pacific Offshore Drilling Market Outlook, By Offshore Contract Drilling (2016-2026) ($MN)
64 Asia Pacific Offshore Drilling Market Outlook, By Measurement While Drilling (2016-2026) ($MN)
65 Asia Pacific Offshore Drilling Market Outlook, By Rig (2016-2026) ($MN)
66 Asia Pacific Offshore Drilling Market Outlook, By Jack up Rigs (2016-2026) ($MN)
67 Asia Pacific Offshore Drilling Market Outlook, By Drill Ships (2016-2026) ($MN)
68 Asia Pacific Offshore Drilling Market Outlook, By Semi-submersible Rigs (2016-2026) ($MN)
69 Asia Pacific Offshore Drilling Market Outlook, By Tender (2016-2026) ($MN)
70 Asia Pacific Offshore Drilling Market Outlook, By Platform Rig (2016-2026) ($MN)
71 Asia Pacific Offshore Drilling Market Outlook, By Inland Barge (2016-2026) ($MN)
72 Asia Pacific Offshore Drilling Market Outlook, By Drill Barge (2016-2026) ($MN)
73 Asia Pacific Offshore Drilling Market Outlook, By Application (2016-2026) ($MN)
74 Asia Pacific Offshore Drilling Market Outlook, By Ultra-Deep Water drilling (2016-2026) ($MN)
75 Asia Pacific Offshore Drilling Market Outlook, By Shallow Water drilling (2016-2026) ($MN)
76 Asia Pacific Offshore Drilling Market Outlook, By Deep Water drilling (2016-2026) ($MN)
77 South America Offshore Drilling Market Outlook, By Country (2016-2026) ($MN)
78 South America Offshore Drilling Market Outlook, By Service (2016-2026) ($MN)
79 South America Offshore Drilling Market Outlook, By Subsea Production and Processing (2016-2026) ($MN)
80 South America Offshore Drilling Market Outlook, By Logging While Drilling (2016-2026) ($MN)
81 South America Offshore Drilling Market Outlook, By Directional Drilling (2016-2026) ($MN)
82 South America Offshore Drilling Market Outlook, By Offshore Contract Drilling (2016-2026) ($MN)
83 South America Offshore Drilling Market Outlook, By Measurement While Drilling (2016-2026) ($MN)
84 South America Offshore Drilling Market Outlook, By Rig (2016-2026) ($MN)
85 South America Offshore Drilling Market Outlook, By Jack Up Rigs (2016-2026) ($MN)
86 South America Offshore Drilling Market Outlook, By Drill Ships (2016-2026) ($MN)
87 South America Offshore Drilling Market Outlook, By Semi-submersible Rigs (2016-2026) ($MN)
88 South America Offshore Drilling Market Outlook, By Tender (2016-2026) ($MN)
89 South America Offshore Drilling Market Outlook, By Platform Rig (2016-2026) ($MN)
90 South America Offshore Drilling Market Outlook, By Inland Barge (2016-2026) ($MN)
91 South America Offshore Drilling Market Outlook, By Drill Barge (2016-2026) ($MN)
92 South America Offshore Drilling Market Outlook, By Application (2016-2026) ($MN)
93 South America Offshore Drilling Market Outlook, By Ultra-Deep Water drilling (2016-2026) ($MN)
94 South America Offshore Drilling Market Outlook, By Shallow Water drilling (2016-2026) ($MN)
95 South America Offshore Drilling Market Outlook, By Deep Water drilling (2016-2026) ($MN)
96 Middle East & Africa Offshore Drilling Market Outlook, By Country (2016-2026) ($MN)
97 Middle East & Africa Offshore Drilling Market Outlook, By Service (2016-2026) ($MN)
98 Middle East & Africa Offshore Drilling Market Outlook, By Subsea Production and Processing (2016-2026) ($MN)
99 Middle East & Africa Offshore Drilling Market Outlook, By Logging While Drilling (2016-2026) ($MN)
100 Middle East & Africa Offshore Drilling Market Outlook, By Directional Drilling (2016-2026) ($MN)
101 Middle East & Africa Offshore Drilling Market Outlook, By Offshore Contract Drilling (2016-2026) ($MN)
102 Middle East & Africa Offshore Drilling Market Outlook, By Measurement While Drilling (2016-2026) ($MN)
103 Middle East & Africa Offshore Drilling Market Outlook, By Rig (2016-2026) ($MN)
104 Middle East & Africa Offshore Drilling Market Outlook, By Jack Up Rigs (2016-2026) ($MN)
105 Middle East & Africa Offshore Drilling Market Outlook, By Drill Ships (2016-2026) ($MN)
106 Middle East & Africa Offshore Drilling Market Outlook, By Semi-submersible Rigs (2016-2026) ($MN)
107 Middle East & Africa Offshore Drilling Market Outlook, By Tender (2016-2026) ($MN)
108 Middle East & Africa Offshore Drilling Market Outlook, By Platform Rig (2016-2026) ($MN)
109 Middle East & Africa Offshore Drilling Market Outlook, By Inland Barge (2016-2026) ($MN)
110 Middle East & Africa Offshore Drilling Market Outlook, By Drill Barge (2016-2026) ($MN)
111 Middle East & Africa Offshore Drilling Market Outlook, By Application (2016-2026) ($MN)
112 Middle East & Africa Offshore Drilling Market Outlook, By Ultra-Deep Water drilling (2016-2026) ($MN)
113 Middle East & Africa Offshore Drilling Market Outlook, By Shallow Water drilling (2016-2026) ($MN)
114 Middle East & Africa Offshore Drilling Market Outlook, By Deep Water drilling (2016-2026) ($MN)
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