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Global Offshore Drilling Market 2015-2019

Global Offshore Drilling Market 2015-2019

About Offshore Drilling

Offshore drilling is a type of oil extraction in which wellbores are drilled through the seabed. It is typically carried out for the extraction of petroleum that lies in the rock formation beneath the seabed. Offshore drilling is categorized into shallow water drilling and deep water drilling. Offshore drilling activity that takes place in a range of 0-650 feet falls under shallow water drilling, and drilling activity beyond 650 feet is categorized as deep water drilling. The total drilling depth depends on the location of the reservoirs and the type of drilling facilities used.

Technavio's analysts forecast the global offshore drilling market to grow at a CAGR of 9.25% in terms of revenue over the period 2014-2019.

Covered in this Report

Technavio's report, the Global Offshore Drilling Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the global offshore drilling market forecast and its growth prospects in the coming years. The report also includes the segmentation on the basis of rig type, application, and geography. The report also includes a discussion of the key vendors operating in this market.

Key Vendors

  • Ensco
  • Halliburton
  • Schlumberger
  • Seadrill
  • Transocean
  • Weatherford International
Other Prominent Vendors
  • Atwood Oceanics
  • China Oil Field Services
  • Diamond Offshore Drilling
  • Fred Olsen Energy
  • Gyrodata
  • KCA Deutag
  • Maersk Drilling
  • Nabors Industries
  • Noble
  • Rowan Companies
  • Scientific Drilling International
  • Superior Energy Services
Market Driver
  • Increasing Global Oil and Gas Consumption
  • For a full, detailed list, view our report
Market Challenge
  • Rising Environmental Concerns
  • For a full, detailed list, view our report
Market Trend
  • Rapid Technological Advancements
  • For a full, detailed list, view our report
Key Questions Answered in this Report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Offshore Drilling Market 2015-2019

Technavio recognizes the following companies as the key players in the Global Offshore Drilling Market: Ensco, Halliburton, Schlumberger, Seadrill, Transocean and Weatherford International

Other Prominent Vendors in the market are: Atwood Oceanics, China Oil Field Services, Diamond Offshore Drilling, Fred Olsen Energy, Gyrodata, KCA Deutag, Maersk Drilling, Nabors Industries, Noble, Rowan Companies, Scientific Drilling International and Superior Energy Services

Commenting on the report, an analyst from Technavio’s team said: “Over the years, there have been tremendous advancements in technologies that have led to the increase in extraction of offshore reservoirs. These technological advancements include unlocking the potential of offshore oil and gas, the development and determination of reserves, well log interpretation, and the development of well simulation models. Also, the market vendors are increasing their investments in R&D for developing improved technologies in order to increase productivity and reduce the cost and risk associated with offshore drilling. Therefore, rapid technological advancement is one of the key trends that is expected to propel the growth of the global offshore drilling market during the forecast period by assuring quicker returns on investment to the vendors.”

According to the report, increasing consumption of oil and gas is one of the major driving factors in the global offshore drilling market. The demand for oil and gas is rapidly increasing from various end-user segments. This in turn has forced various vendors and governments to invest in deep sea and ultra-deep sea drilling to enhance the global oil and gas production and maintain demand-supply balance in the market. Also, it is expected that diminishing extraction from onshore oil and gas resources will further drive the global offshore drilling market.

Further, the report states that one of the major challenges confronting the market are the increasing environmental concerns relating to offshore drilling.

Companies Mentioned

Ensco, Halliburton, Schlumberger, Seadrill, Transocean, Weatherford International, Atwood Oceanics, China Oil Field Services, Diamond Offshore Drilling, Fred Olsen Energy, Gyrodata, KCA Deutag, Maersk Drilling, Nabors Industries, Noble, Rowan Companies, Scientific Drilling International, Superior Energy Services

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
    • Product Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
  • Market Landscape
    • Market Overview
    • Market Size and Forecast
      • Table Global Offshore Drilling Market 2014-2019 ($ billion)
    • Five Forces Analysis
  • Market Segmentation by Application
    • Global Offshore Drilling Market by Application 2014
      • Table Global Offshore Drilling Market by Application 2014
    • Global Offshore Drilling Market by Application 2019
      • Table Global Offshore Drilling Market by Application 2019
    • Global Offshore Drilling Market by Application 2014-2019
    • Global Offshore Drilling Market by Shallow Water
      • Market Size and Forecast
        • Table Global Offshore Drilling Market by Shallow Water 2014-2019 ($ billion)
    • Global Offshore Drilling Market by Deep Water
      • Market Size and Forecast
  • Market Segmentation by Rig Type
    • Global Offshore Drilling Market by Rig Type 2014
      • Table Global Offshore Drilling Market by Rig Type 2014
    • Global Offshore Drilling Market by Rig Type 2019
      • Table Global Offshore Drilling Market by Rig Type 2019
    • Global Offshore Drilling Market by Rig Type 2014-2019
    • Global Offshore Drilling Market by Jack-up
      • Market Size and Forecast
        • Table Global Offshore Drilling Market by Jack-up Rigs 2014-2019 ($ billion)
    • Global Offshore Drilling Market by Drillship
      • Market Size and Forecast
        • Table Global Offshore Drilling Market by Drillship 2014-2019 ($ billion)
    • Global Offshore Drilling Market by Semi-submersible
      • Market Size and Forecast
        • Table Global Offshore Drilling Market by Semi-submersible 2014-2019 ($ billion)
    • Global Offshore Drilling Market by Platform Rig
      • Market Size and Forecast
        • Table Global Offshore Drilling Market by Platform Rig 2014-2019 ($ billion)
    • Global Offshore Drilling Market by Tender
      • Market Size and Forecast
        • Table Global Offshore Drilling Market by Tender 2014-2019 ($ billion)
        • Table Bifurcation of Segment
    • Global Offshore Drilling Market by Drill Barge
      • Market Size and Forecast
        • Table Global Offshore Drilling Market by Drill Barge 2014-2019 ($ billion)
    • Global Offshore Drilling Market by Inland Barge
      • Market Size and Forecast
        • Table Global Offshore Drilling Market by Inland Barge 2014-2019 ($ billion)
  • Geographical Segmentation
    • Global Offshore Drilling Market by Geographical Segmentation 2014
      • Table Global Offshore Drilling Market by Geographical Segmentation 2014
    • Global Offshore Drilling Market by Geographical Segmentation 2019
      • Table Global Offshore Drilling Market by Geographical Segmentation 2019
    • Global Offshore Drilling Market by Geographical Segmentation 2014-2019
    • Offshore Drilling Market in Americas
      • Market Size and Forecast
        • Table Offshore Drilling Market in Americas 2014-2019 ($ billion)
    • Offshore Drilling Market in EMEA
      • Market Size and Forecast
        • Table Offshore Drilling Market in Americas 2014-2019 ($ billion)
    • Offshore Drilling Market in APAC
      • Market Size and Forecast
        • Table Offshore Drilling Market in Americas 2014-2019 ($ billion)
  • Key Leading Countries
    • US
    • UK
    • Brazil
  • Buying Criteria
  • Market Growth Drivers
    • Table Oil and Gas Consumption 2008-2013
  • Drivers and their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Market Trends
  • Trends and their Impact
  • Vendor Landscape
    • Competitive Scenario
      • Key News
      • Mergers and Acquisitions
    • Other Prominent Vendors
  • Key Vendor Analysis
    • Ensco
      • Key Facts
      • Business Overview
      • Business Segmentation
        • Table Ensco: Business Segmentation 2014
      • Business Segmentation by Revenue 2013 and 2014
        • Table Ensco: Business Segmentation by Revenue 2013 and 2014 ($ billions)
      • Geographical Segmentation by Revenue 2014
        • Table Ensco: Geographical Segmentation by Revenue 2014
      • Business Strategy
      • SWOT Analysis
    • Halliburton
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue
        • Table Business Segmentation of Halliburton by Revenue 2013
        • Table Business Segmentation of Halliburton by Revenue 2012 and 2013 ($ billions)
      • Geographical Segmentation by Revenue
        • Table Geographical Segmentation of Halliburton by Revenue 2013
      • Business Strategy
      • Key Information
      • SWOT Analysis
    • Schlumberger
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue
        • Table Business Segmentation of Schlumberger by Revenue 2013
        • Table Business Segmentation of Schlumberger by Revenue 2012 and 2013 ($ millions)
      • Geographical Segmentation by Revenue
        • Table Geographical Segmentation of Schlumberger by Revenue 2013
      • Business Strategy
      • Key Information
      • SWOT Analysis
    • Seadrill
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2014
        • Table Seadrill: Business Segmentation by Revenue 2014
      • Business Segmentation by Revenue 2013 and 2014
        • Table Seadrill: Business Segmentation by Revenue 2013 and 2014 ($ billion)
      • Geographical Segmentation by Revenue 2014
        • Table Seadrill: Geographical Segmentation by Revenue 2014
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Transocean
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table Transocean: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table Transocean: Business Segmentation by Revenue 2012 and 2013
      • Geographical Segmentation by Revenue 2013
        • Table Transocean: Geographical Segmentation by Revenue 2013
      • SWOT Analysis
    • Weatherford International
      • Key Facts
      • Business Overview
      • Product Segmentation by Revenue
        • Table Weatherford International: Product Segmentation by Revenue 2013
      • Geographical Segmentation by Revenue
        • Table Weatherford International: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Key Developments
      • SWOT Analysis
  • Other Reports in this Series

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