Research and Markets Announces ‘Global Offshore Drilling Market 2013-2018’ Report

Research and Markets has announced the addition of the “Global Offshore Drilling Market 2013-2018” report to their offering. 

The growing demand for energy, coupled with increasing investment in offshore exploration activities, will drive the global offshore drilling market to $121.1 billion by 2018, growing at a CAGR of 10.6% from 2013 to 2018. The factors that drive the growth of this market are sustained high oil prices, increased investment from oil and gas operators, and a surge in deep and ultra-deepwater activities. The maturity of onshore oil reserves now shifts the focus of operator companies towards deep water offshore areas.

This report analyses mobile offshore drilling units by types and geography. In terms of offshore drilling, this report analyses the services market by type, geography and application areas. In terms of geography, the report is segmented into Asia-Pacific, Europe, the Middle East, Africa, North America and South America. The services included in this report are offshore contract drilling, directional drilling and logging while drilling. The application areas covered in this report are shallow, deepwater and ultra-deepwater. In order to provide a deeper understanding of the competitive landscape, the report profiles 19 companies in the offshore drilling services market a combination of both manufacturers as well as service providers.

Among the services considered by the report, offshore contract drilling holds the biggest share with 78% of the total revenue in 2012. Coupled with increasing day rates and record backlog orders, offshore contract drilling companies find a bright outlook and add new equipment to their fleet to provide the most versatile fleets of mobile offshore drilling units. Other services such as directional drilling and logging while drilling, holds 18% and 4% of the total market revenue respectively in 2012.

Press Release, December 25, 2013

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