Oil and Gas Onshore Oilfield Equipment Rental Market—Australia
Australian onshore drilling and completion activities are mainly focused on eastern Australia, particularly in the Surat–Bowen Basins in Queensland (QLD) that have experienced rapid development over the last 5 years.
Multi-billion dollar coal seam gas–liquefied natural gas (CSG-LNG) projects under construction will commence production in 2015.
From 2013 to 2020, 10,347 wells will be drilled, with more than 94% of these being CSG wells. This will help meet the demand of the 3 CSG-LNG liquefaction plants in QLD.
The sudden expansion of drilling activities necessitates high capital expenditure on rigs and tools. This creates opportunities for equipment rental that is targeted at drilling service providers.
About this report
With a number of wells being drilled for coal seam gas and shale gas, the onshore oilfield equipment rental market is anticipated to witness growth. Rental companies supply oilfield driiling companies with oilfield equipment for drilling services. This study discusses the onshore oilfield drilling activities in Australia and the number of wells that have been drilled, besides projecting the number of wells that will be drilled in future. The study period is from 2010 to 2020, with 2010 to 2012 as the historical period, 2013 as the base year, and 2014 to 2020 as the forecast period.
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