Navigation Links
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.

Browse

  • 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 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 @: http://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=1207

Download Free Brochure @: http://www.marketsandmarkets.com/pdfdownload.asp?id=1207

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.

Contact:
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 http://www.prweb.com/releases/offshore-drilling-market/07/prweb10909654.htm.


'/>"/>
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 MyTownInsurance.com 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:
*Name:
*Comment:
*Email:
(Date:5/19/2017)... ... May 19, 2017 , ... In a continuous effort to ... a luxury online mattress company that specializes in natural and organic latex mattresses, has ... autism organization) for every unique share their recent viral Facebook video receives, ...
(Date:5/19/2017)... ... May 19, 2017 , ... Springfield, Vermont-based law firm ... Titled " Ten Good Reasons To Hire An Experienced Personal Injury Attorney, " the ... an accident or injury. As the article says. if someone is injured due ...
(Date:5/19/2017)... ... May 19, 2017 , ... SyncDog, Inc. , ... session at the 7th Annual ET6 Exchange (formerly M6 xChange), the ... transformation conference whose expressed purpose is to connect mobile technology end users with ...
(Date:5/19/2017)... ... May 18, 2017 , ... ... who served eight American presidents of both political parties, will become the 9th ... General Colin L. Powell, USA (Retired) as Chairman in May, 2018. , Secretary ...
(Date:5/18/2017)... ... May 18, 2017 , ... ... today announced the acquisition of English Mountain Recovery. Located in Sevierville, Tennessee ... Summit’s first facility in the state and brings the Company’s total number of ...
Breaking Medicine News(10 mins):
(Date:5/4/2017)... and SAN DIEGO , May ... Gynecologists (ACOG) 2017 Annual Clinical and Scientific Meeting— OBP ... illuminating medical devices, today announced the launch of a ... OfficeSPEC and ER-SPEC vaginal specula. ... of extra-small and extra-large sizes makes OBP Medical,s line ...
(Date:5/3/2017)... , May 3, 2017  Kalorama Information notes ... nine percent next year and this is projected ... hematopoietic stem cell (HSCT) or bone marrow transplants ... technologies are well-suited for this task. This according ... publisher Kalorama Information. The various PCR-based methodologies, Sanger ...
(Date:5/2/2017)...  CIVCO Radiotherapy, the leading provider of high ... Nat Geissel has been named president. ... has served as vice president of marketing and ... manager, and most recently, executive vice president and ... of what CIVCO Radiotherapy and its predecessors have ...
Breaking Medicine Technology: