Rising demand for oil and gas has boosted the offshore drilling market. The report lists all the major growth drivers and restraints acting on the offshore drilling market. Forecasting the growth trajectory of the offshore drilling market, the report projects the size and valuation of the market during the period between 2014 and 2020. Mentioning the current trends in the market along with future opportunities expected to develop, the report provides detailed market analysis to existing as well as new players in the offshore drilling market.
With the help of the latest research techniques and analytical tools, the report analyses the various factors affecting the offshore drilling market. Prominent offshore drilling companies have been profiled and vital information about each of the key vendors has been mentioned in the report.
Overview of the Offshore Drilling Market
Increase in demand for oil and gas as well as other petroleum products accompanied with high oil prices across the globe has compelled market players to make huge investments and search for new offshore reserves of oil and gas. The report indicates that this will boost the growth of the offshore drilling market. New technologies related to offshore drilling will create significant opportunities for the offshore drilling market. However, offshore drilling affects the surrounding environment and various environmental regulations concerning the same could restrain the growth of the offshore drilling market. The report mentions the Environmental Protection Agency (EPA) in the U.S., which has put stringent regulations on certain types of offshore drilling such as hydraulic fracturing, which is done to extract shale hydrocarbons from rocks below the seabed.
Depending on the application, the report categorizes the global offshore drilling market into deepwater drilling, ultra deepwater drilling, and shallow drilling. Depending on the services, the offshore drilling market has been segmented into offshore contract drilling, directional drilling, logging while drilling, and subsea production and processing. The report forecasts that the subsea drilling and directional drilling segments would grow during the forecast period. Besides drilling, allied services such as construction, safety and geographical survey, and personnel and equipment transport play an important role in offshore drilling activities.
The report segments the global offshore drilling market into five key regions: Asia Pacific, North America, Europe, the Middle East, and Rest of the World. Middle Eastern nations have been the hub for offshore drilling activities. However, the report suggests that the focus has shifted to the golden triangle, consisting of the Gulf of Mexico, Brazil, and West Africa.
Companies mentioned in the research report:
Describing the competitive landscape of the global offshore drilling market, the report profiles the key market participants. China Oil Field Services Ltd, Transocean Limited, Shelf Drilling, Seadrill Limited, Archer Limited, and Hercules Offshore are some of the major players of the offshore drilling market.
Market segmentation on the basis of application:
- Deepwater drilling
- Ultra deepwater drilling
- Shallow drilling
Major geographies analyzed under this research report are:
- North America
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments