Navigation Links
Offshore Drilling Market worth $121.1 Billion By 2018 at a CAGR of 10.06% - New Report by MarketsandMarkets

(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.


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

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 activities dominate offshore spending and are projected to grow at a significant rate in the near future. On the other hand, deepwater and ultra-deepwater activities are also projected to increase, escalating the requirement for semisubmersibles and drill ships in offshore applications.

The offshore drilling service market is on its growth path after the downturn of the 2010 oil spill in the US Gulf of Mexico; the investments are made by the services as well as by operator companies to scrutinize greater exposure for the crude. This market is highly competitive, and hence secures long term contract agreements. Increasing the working fleet is a key strategy for the offshore drilling service providers.

The offshore drilling services market is divided into two groups: contract drilling service providers which are Transocean Ltd (Switzerland), Ensco plc (U.K.), Seadrill Ltd (Bermuda), and oilfield services companies which mainly consist of Baker Hughes Inc. (U.S.), Schlumberger (U.S.), Halliburton Energy Services (U.S.), and Weatherford (Switzerland).

The report forecasts revenue of the global offshore drilling services market, which includes contract drilling services, as well as directional and logging while drilling services, and its various submarkets with respect to main regions such as Asia-Pacific, Europe, Africa, the Middle East, North America, and South America. Offshore drilling activities are also analyzed on the basis of shallow, deep and ultra-deepwater activities.

The report segments the global offshore drilling services market by services type, application areas, and geography. It also focuses on the market share analysis, value chain; Porters five force analysis, and market metrics such as drivers, restraints, burning issues, winning imperative and opportunities. This report also presents a competitive landscape and company profiles. In addition, 19 key players in the market have also been profiled which include major companies that provide contract drilling services and oil field services companies.

Buy a copy of this report @:

Download Free Brochure @:

Find related Reports to – Energy and Power Market

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-6006-441
Email: sales(at)marketsandmarkets.(dot)com
Connect with us on LinkedIn
Connect with us on Facebook

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Massachusetts' Deval Patrick Wins "Green Governor of the Year Award" -- First State to Win Federal Approval for Offshore Wind Farms says BE
2. Majority of states fail to address youth exposure to alcohol marketing
3. Article Marketing Company Content Writing King Announces Training Of New Graphic Design Artist
4. Beef & Pork Wholesaling in the US Industry Market Research Report Now Available from IBISWorld
5. New Report Video Surveillance Market (2011 – 2016) by MarketsandMarkets
6. Dotcomsecrets is Offering New Opportunities to People Who Want to Become Expert in Localized Internet Marketing
7. 101 Mobility Opens Franchise in Roanoke/Lynchburg Market
8. How Helps Insurance Carriers Manage their Loss Exposure through On-Line Marketing
9. Discount Supermarkets Tied to Rising Obesity Rates
10. DotComSecrets Invites Professionals to Learn Great Tips On How to Make a Handsome Income By Working As Local Internet Marketing Consultants
11. Heavy Duty Alternators and Starters Expert Elreg Distributors Ltd. Meets Needs of International Market with Launch of Spanish Website
Post Your Comments:
(Date:6/25/2016)... Beach, CA (PRWEB) , ... June 25, 2016 , ... ... UCLA with Magna Cum Laude and his M.D from the David Geffen School of ... Diego and returned to Los Angeles to complete his fellowship in hematology/oncology at the ...
(Date:6/25/2016)... Canada (PRWEB) , ... June 25, 2016 , ... Conventional ... pursuit of success. In terms of the latter, setting the bar too high can ... risk more than just slow progress toward their goal. , Research from ...
(Date:6/24/2016)... ... 24, 2016 , ... June 19, 2016 is World Sickle Cell Observance Day. ... the benefits of holistic treatments, Serenity Recovery Center of Marne, Michigan, has ... , Sickle Cell Disease (SCD) is a disorder of the red blood cells, which ...
(Date:6/24/2016)... MIAMI, Fla. (PRWEB) , ... June 24, 2016 , ... ... Florida Trend magazine’s 2016 Legal Elite. The attorneys chosen by their peers for this ... of Florida. , Seven Greenberg Traurig Shareholders received special honors as members of this ...
(Date:6/24/2016)... ... June 24, 2016 , ... Topical BioMedics, Inc, makers of Topricin and MyPainAway Pain Relief ... a minimum wage raise to $12 an hour by 2020 and then adjusting it yearly ... lost value of the minimum wage, assure the wage floor does not erode again, and ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... , June 24, 2016 According ... by Type (Standard Pen Needles, Safety Pen Needles), Needle ... GLP-1, Growth Hormone), Mode of Purchase (Retail, Non-Retail) - ... This report studies the market for the forecast period ... reach USD 2.81 Billion by 2021 from USD 1.65 ...
(Date:6/24/2016)... KNOXVILLE, Tenn. , June 24, 2016 /PRNewswire/ ... market providing less invasive and more durable cerebrospinal ... million in funding.  The Series-A funding is led ... the Lighthouse Fund, and other private investors.  Arkis, ... less-invasive neurosurgical instrumentation and the market release of ...
(Date:6/23/2016)... June 23, 2016 Any dentist who has made ... the current process. Many of them do not even offer ... difficulties and high laboratory costs involved. And those who ARE ... at such a high cost that the majority of today,s ... Dr. Parsa Zadeh , founder of Dental Evolutions Inc. ...
Breaking Medicine Technology: