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Offshore Drilling Market worth $121.1 Billion By 2018 at a CAGR of 10.06% - New Report by MarketsandMarkets
Date:7/9/2013

(PRWEB) July 09, 2013

The report “Offshore Drilling Market By Services (Contract Drilling, Directional Drilling, Logging While Drilling), Applications (Shallow Water, Deepwater, Ultra-deepwater) and Geography-Global Trends & Forecasts to 2018”, defines and segments the global offshore drilling services market with an analysis and forecast of the global revenue. Offshore drilling services market will grow from an estimated $73.1 billion in 2013 to $121.1 billion by 2018, growing at a CAGR of 10.6% from 2013 to 2018.

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  • 104 Market Data Tables
  • 36 Figures
  • 278 Pages and In-Depth Table of Content on “Offshore Drilling Market”

http://www.marketsandmarkets.com/Market-Reports/offshore-drilling-market-1207.html

Early buyers will receive 10% customization on this report.

The offshore drilling services market is driven by increasing offshore discoveries and exponentially increasing demand for energy across the globe. The major existing areas of offshore activities such as the golden triangle which includes the Brazil, US Gulf of Mexico, and West Africa are the key markets where offshore operators and service providers have their focus. Asia-Pacific is the emerging market in terms of demand for energy and offshore drilling activities.

The re-development of current fields and exploring deep to ultra-deep water reserve potentials is the only way to satisfy the demand for hydrocarbons. Hence offshore oilfield drilling service and operators continue to try and assimilate their existing technologies, and develop new technologies extensively through research and development, so as to decrease high risk and associated cost.

In the current offshore drilling services global market, shallow water act
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