Offshore Drilling Global Market by Service & Data Validation, Analysis and Forecast 2022
According to Publisher, the Global Offshore Drilling market is accounted for $83.95 billion in 2015 and is expected to reach $124.56 billion by 2022 growing at a CAGR of 5.8%. The offshore drilling market is expected to show moderate growth over the forecast period. Some of the primary factors driving the offshore drilling market are increasing demand for oil & gas and huge investments on new offshore reserves. However, offshore drilling market is inhibited by the regulations regarding environment & low oil prices which favors environment and affect the market.
Offshore contract drilling segment among services, is expected to dominate the market followed by offshore directional drilling. This proliferating market is set by the less oil prices since mid-2014, either postponement or cancellations of contract lead by lower day rates are further boasting the market demand. The present ongoing activities around South China Sea is the one of the main factors favoring the Asia Pacific market, due to which the market is expected to grow with highest rate.
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Some of the key players of the Offshore Drilling market include Atwoods Oceanics, Baker Hughes Incorporated, China Oilfield Services Limited, Diamond Offshore Drilling Inc., Dolphin Drilling, Ensco PLC., Halliburton Company, KCA Deutag, Maersk Drilling, Nabors Industries Ltd, Noble Corporation, Paragon Offshore PLC., Schlumberger Limited, Scientific Drilling International, Seadrill Limited, Superior Energy Services, Transocean Ltd. and Weatherford International Ltd.
Applications Covered:
- Deepwater Drilling
- Shallow Water Drilling
- Ultra-Deepwater Drilling
Services Covered:
- Offshore Contract Drilling
- Offshore Directional Drilling
- Offshore Logging While Drilling (LWD)
- Offshore Measurement While Drilling (MWD)
- Subsea Production & Processing
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Regions Covered:
- North America
o US
o Canada
o Mexico
- Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
- Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
- Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt
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