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Global Offshore Drilling Market Size study, by Service Type (Contract Drilling, Directional Drilling, Logging While Drilling, Measurement While Drilling), by Application (Shallow Water, Deep Water, Ultra-Deep Water) and Regional Forecasts 2021-2027

  • BIZ4899720
  • 200 Pages
  • January 2022
  • Energy and Power
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Global Offshore Drilling Market is valued at approximately USD 102.59 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7.2 % over the forecast period 2021-2027. Offshore drilling is a mechanical process that is performed to discover the extracted petroleum that is found in the form of rock beneath the seabed. In general, it is the drilling activities on the continental shelf, or drilling in lakes, inshore waters, and inland seas. The growing reach to deep water and ultra-deep water, rising investments in offshore discoveries, rapid technological developmnets, as well as the execution of stringent onshore drilling projects by the regulatory bodies, is amplifying the demand for offshore drilling activities. For instance, in January 2020, Transocean received a large number of offshore drilling contracts worth USD 352.9 million subsequent to the company’s October 2019 report. As per the company statement, the demand for offshore drilling in ultra-deep water exhibits a huge growth prospect in the near future. However, the capital intensive, and collision of oil price impede the growth of the market over the forecast period of 2021-2027. Also, the rising focus on artic discoveries tied with the growing investments in exploration & production (E&P) activities are likely to increase the market growth during the forecast period.

The regional analysis of the global Offshore Drilling market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to the increasing number of offshore activities majorly in regions like China, Thailand, India, Indonesia and Australia. Whereas, Middle East and Africa are also anticipated to exhibit a considerable growth rate over the forecast period 2021-2027. Factors such as the presence of the world’s largest gas reserve and the discoveries of oil and gas reserves across the Eastern Mediterranean Sea would create lucrative growth prospects for the Offshore Drilling market across the MEA region.

Major market players included in this report are:

Halliburton

China Oilfield Services Ltd.

Pacific Drilling

Schlumberger

Nabors Industries Ltd

Aban Offshore Limited

Weatherford International Inc

Ensco plc

Diamond Offshore Drilling Inc.

Vantage Drilling Co.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Service Type:

Contract Drilling

Directional Drilling

Logging While Drilling

Measurement While Drilling

By Application:

Shallow Water

Deep Water

Ultra-Deep Water

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019

Base year – 2020

Forecast period – 2021 to 2027

Target Audience of the Global Offshore Drilling Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)

1.2.1. Global Offshore Drilling Market, by Region, 2019-2027 (USD Billion)

1.2.2. Global Offshore Drilling Market, by Service Type, 2019-2027 (USD Billion)

1.2.3. Global Offshore Drilling Market, by Application, 2019-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Offshore Drilling Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Offshore Drilling Market Dynamics

3.1. Offshore Drilling Market Impact Analysis (2019-2027)

3.1.1. Market Drivers

3.1.1.1. Increasing investments in offshore discoveries

3.1.1.2. Rapid technological developments

3.1.2. Market Challenges

3.1.2.1. Capital Intensive

3.1.2.2. Collision of Oil Price

3.1.3. Market Opportunities

3.1.3.1. Rising focus on the artic discoveries

Chapter 4. Global Offshore Drilling Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

4.5. Top investment opportunity

4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

5.1.1. Assessment of the overall impact of COVID-19 on the industry

5.1.2. Pre COVID-19 and post COVID-19 market scenario

Chapter 6. Global Offshore Drilling Market, by Service Type

6.1. Market Snapshot

6.2. Global Offshore Drilling Market by Service Type, Performance - Potential Analysis

6.3. Global Offshore Drilling Market Estimates & Forecasts by Service Type, 2018-2027 (USD Billion)

6.4. Offshore Drilling Market, Sub Segment Analysis

6.4.1. Contract Drilling

6.4.2. Directional Drilling

6.4.3. Logging While Drilling

6.4.4. Measurement While Drilling

Chapter 7. Global Offshore Drilling Market, by Application

7.1. Market Snapshot

7.2. Global Offshore Drilling Market by Application, Performance - Potential Analysis

7.3. Global Offshore Drilling Market Estimates & Forecasts by Application, 2018-2027 (USD Billion)

7.4. Offshore Drilling Market, Sub Segment Analysis

7.4.1. Shallow Water

7.4.2. Deep Water

7.4.3. Ultra-Deep Water

Chapter 8. Global Offshore Drilling Market, Regional Analysis

8.1. Offshore Drilling Market, Regional Market Snapshot

8.2. North America Offshore Drilling Market

8.2.1. U.S. Offshore Drilling Market

8.2.1.1. Service Type breakdown estimates & forecasts, 2018-2027

8.2.1.2. Application breakdown estimates & forecasts, 2018-2027

8.2.2. Canada Offshore Drilling Market

8.3. Europe Offshore Drilling Market Snapshot

8.3.1. U.K. Offshore Drilling Market

8.3.2. Germany Offshore Drilling Market

8.3.3. France Offshore Drilling Market

8.3.4. Spain Offshore Drilling Market

8.3.5. Italy Offshore Drilling Market

8.3.6. Rest of Europe Offshore Drilling Market

8.4. Asia-Pacific Offshore Drilling Market Snapshot

8.4.1. China Offshore Drilling Market

8.4.2. India Offshore Drilling Market

8.4.3. Japan Offshore Drilling Market

8.4.4. Australia Offshore Drilling Market

8.4.5. South Korea Offshore Drilling Market

8.4.6. Rest of Asia Pacific Offshore Drilling Market

8.5. Latin America Offshore Drilling Market Snapshot

8.5.1. Brazil Offshore Drilling Market

8.5.2. Mexico Offshore Drilling Market

8.6. Rest of The World Offshore Drilling Market

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies

9.2. Company Profiles

9.2.1. Halliburton

9.2.1.1. Key Information

9.2.1.2. Overview

9.2.1.3. Financial (Subject to Data Availability)

9.2.1.4. Product Summary

9.2.1.5. Recent Developments

9.2.2. China Oilfield Services Ltd.

9.2.3. Pacific Drilling

9.2.4. Schlumberger

9.2.5. Nabors Industries Ltd

9.2.6. Aban Offshore Limited

9.2.7. Weatherford International Inc

9.2.8. Ensco plc

9.2.9. Diamond Offshore Drilling Inc.

9.2.10. Vantage Drilling Co.

Chapter 10. Research Process

10.1. Research Process

10.1.1. Data Mining

10.1.2. Analysis

10.1.3. Market Estimation

10.1.4. Validation

10.1.5. Publishing

10.2. Research Attributes

10.3. Research Assumption

List of Tables

TABLE 1. Global Offshore Drilling market, report scope

TABLE 2. Global Offshore Drilling market estimates & forecasts by Region 2018-2027 (USD Billion)

TABLE 3. Global Offshore Drilling market estimates & forecasts by Service Type 2018-2027 (USD Billion)

TABLE 4. Global Offshore Drilling market estimates & forecasts by Application 2018-2027 (USD Billion)

TABLE 5. Global Offshore Drilling market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 6. Global Offshore Drilling market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 7. Global Offshore Drilling market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 8. Global Offshore Drilling market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 9. Global Offshore Drilling market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 10. Global Offshore Drilling market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 11. Global Offshore Drilling market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 12. Global Offshore Drilling market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 13. Global Offshore Drilling market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 14. Global Offshore Drilling market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 15. U.S. Offshore Drilling market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 16. U.S. Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 17. U.S. Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 18. Canada Offshore Drilling market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 19. Canada Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 20. Canada Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 21. UK Offshore Drilling market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 22. UK Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 23. UK Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 24. Germany Offshore Drilling market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 25. Germany Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 26. Germany Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 27. RoE Offshore Drilling market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 28. RoE Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 29. RoE Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 30. China Offshore Drilling market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 31. China Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 32. China Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 33. India Offshore Drilling market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 34. India Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 35. India Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 36. Japan Offshore Drilling market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 37. Japan Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 38. Japan Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 39. RoAPAC Offshore Drilling market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 40. RoAPAC Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 41. RoAPAC Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 42. Brazil Offshore Drilling market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 43. Brazil Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 44. Brazil Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 45. Mexico Offshore Drilling market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 46. Mexico Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 47. Mexico Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 48. RoLA Offshore Drilling market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 49. RoLA Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 50. RoLA Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 51. Row Offshore Drilling market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 52. Row Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 53. Row Offshore Drilling market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 54. List of secondary sources, used in the study of global Offshore Drilling market

TABLE 55. List of primary sources, used in the study of global Offshore Drilling market

TABLE 56. Years considered for the study

TABLE 57. Exchange rates considered

 
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