Global Offshore Drilling (Contract Drilling, Directional Drilling and Logging while Drilling) Market - Trends & Forecasts to 2019

Dublin, Nov. 20, 2014 (GLOBE NEWSWIRE) -- Research and Markets ( has announced the addition of the "Offshore Drilling Market by Services, Applications & by Geography - Global Trends & Forecasts to 2019" report to their offering.

Offshore drilling market has been witnessing high growth, due to increase demand and high oil prices in the international market.Exploration and development activities offshore have been increasing owing to technological advancements. The report categorizes offshore drilling market, by geography and by services, including contract drilling, directional drilling and logging while drilling.By application it covers shallow water, deep water and ultra-deep water.

The offshore drilling market is estimated to reach about $134.02 Billion by 2019, signifying a firm growth rate of over 10.6% from 2014 to 2019. The contract drilling services has the highest share in the global offshore drilling services market.

Geographically, the market has been studied for different regions such as North America, Asia-Pacific, South America, The Middle East, Europe and Africa. The increasing investment in deep and ultra-deep water activities makes the Asia-Pacific the largest market in terms of value for 2013, followed by the North America and South America. Brazil offshore has been a lucrative market for the offshore exploration and production investments. The offshore drilling market in terms of value has been evaluated in with respect to services and applications, and geography.

Most of the companies mainly relied on growth strategies such as contract agreements, mergers & acquisition, new product launch, and expansions in diversified geographic areas.Deep and ultra-deep water oil and gas production is more challenging than onshore exploration and production due to the remote and harsher environment, which in-turn makes technologically advancement and cost effective offshore drilling solutions a key strategy for companies providing offshore drilling services solutions.

The growth in the reliable sub-sea production and processing systems, increasing sub-sea infrastructure requirements, growing deep and ultra-deep water reserves are some of the factors driving the current and future growth of the offshore drilling market. The report also covers upcoming contracted and future contracted offshore Jack-up rigs, Drill ships, and semi-submersibles.

The report also covers leading drilling service providers such as Baker Hughes Inc. (U.S.), Halliburton Co. (U.S.), Schlumberger Ltd. (U.S.), Weatherford (Switzerland), and others. Also, offshore contract drilling service providers such as Transocean (Switzerland), Ensco (U.K.), Seadrill (Bermuda),Noble Corporation (U.K.), Maersk Drilling (Denmark), and others.

Key Topics Covered:

1 Introduction
1.1 Objectives
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology

2 Executive Summary

3 Premium Insights
3.1 Asia-Pacific Dominates The Global Market
3.2 Maximum Growth For Deep & Ultra-Deep water Markets
3.3 National Oil Companies & International Majors Dominate Floater Operator Market
3.4 Positive Rig Demand Steers Offshore Drilling
3.5 Major Demand For High Specification Rigs
3.6 Expanding Offshore Rig Market

4 Market Overview
4.1 Introduction
4.2 Market Segmentation
4.3 Value Chain Analysis
4.4 Market Dynamics
4.5 Winning Imperatives
4.6 Burning Issues
4.7 Porter's Five Force Analysis

5 An Overview Of The Offshore Oil & Gas Industry
5.1 Introduction
5.2 Global Offshore Oil & Gas Reserves
5.3 Global Offshore Oil & Gas Production
5.4 Offshore Drilling Activity

6 Offshore Drilling Rig Market
6.1 Introduction
6.2 Offshore Rig Supply Overview
6.3 Offshore Driller's Market
6.4 Offshore Rigs New builds
6.5 Offshore Rig Utilization Rate
6.6 Offshore Rig Day Rates

7 Global Offshore Drilling Market, By Services
7.1 Introduction
7.2 Offshore Contract Drilling
7.3 Directional Drilling
7.4 Logging While Drilling

8 Global Offshore Drilling Market, By Geography
8.1 Introduction
8.2 Asia-Pacific Offshore Drilling Market
8.3 Europe Offshore Drilling Market
8.4 Middle East Offshore Drilling Market
8.5 Africa Offshore Drilling Market
8.6 North America Offshore Drilling Market
8.7 South America Offshore Drilling Market

9 Global Offshore Drilling Market, By Application
9.1 Introduction
9.1.1 Global Offshore Drilling Market, By Applications
9.2 Asia-Pacific Market, By Applications
9.3 Europe Market, By Applications
9.4 Middle East Market, By Applications
9.5 Africa Market, By Applications
9.6 North America Market, By Applications
9.7 South America Market, By Applications

10 Company Profiles

11 Competitive Landscape
11.1 Introduction
11.2 Key Players Of Offshore Drilling Market
11.3 Growth Strategies In The Offshore Drilling Market
11.4 Market Share Analysis
11.5 Most Active Companies In The Offshore Drilling Market
11.6 Competitive Situations & Trends

Companies Mentioned:

  • Atwood Oceanics Inc.
  • Baker Hughes Inc.
  • China Oilfield Services Limited
  • Diamond Offshore Drilling Inc.
  • Ensco International Inc.
  • Halliburton Company
  • Kca Deutag
  • Maersk Drilling
  • Nabors Industries Ltd
  • Noble Corporation
  • Rowan Companies Plc
  • Schlumberger Limited
  • Seadrill Ltd.
  • Transocean Ltd.
  • Weatherford International Ltd

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Source:Research and Markets