On 1st July 2013
The maturity of onshore oil reserves shifts the focus of operator companies towards deep water offshore areas. The increasing demand for energy together with increasing investment in deep and ultra deep 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 driving the growth in the offshore drilling services market are the sustaining high oil prices, technological advancements, and a surge in deep and ultra deep water activities. The key market players are interested in investing a lot more in offshore oilfields to meet current and future energy needs.
Benefits of Report:-
The report classifies the offshore drilling market in accordance to services, geography, and application areas. The offshore drilling services included in this report are offshore contract drilling, directional drilling, and logging while drilling. The contract drilling services hold the highest market share among the services.
The application areas covered in this report are shallow, deep water, and ultra deep water. In terms of geography, the report is segmented into Asia-Pacific, Europe, the Middle East, Africa, North America, and South America.
For this report, major players in the market are identified through secondary and primary research. Based on that, their market shares are evaluated. This includes a study of the annual reports of top market players and interviews with key opinion leaders such as CEOs, Directors, and marketing people. It also highlights various key industry issues, and market impulse factors, such as drivers, restraints, and opportunities. The scope accordingly helps market participants identify high growth markets and facilitate key investment decisions.
Table of Content:-
1 Introduction (Page No. - 20) 1.1 Key Take Aways 1.2