Offshore Drilling Market worth $134.02 Billion by 2019, growing at a CAGR of 10.6%.

The report “Offshore Drilling Market by Services (Contract Drilling, Directional Drilling, Logging While Drilling), Applications (Shallow Water, Deepwater, Ultra-deepwater) and Geography - Global Trends & Forecasts to 2019", defines and segments the global offshore drilling market with analysis and forecast of the global market share. The offshore drilling market is estimated to grow from $80.8 billion in 2014 to $134.02 Billion by 2019, at a CAGR of 10.6%.

Browse 98 market data tables with 39 figures across 316 pages and in-depth TOC on Offshore Drilling Market - Global Trends & Forecasts to 2019”.

Speak to Analyst for more info on this report:

The increase in demand for energy drives the need for exploration activities and investments. This increases the need for offshore exploration and production activities, which further leads to the demand of offshore drilling infrastructure and associated services.

Asia-Pacific is the largest market in the offshore drilling market, in terms of value. Also, the golden triangle which includes the Brazil, US Gulf of Mexico, and West Africa are the key market where the offshore operators and service providers are focusing.

In the current offshore drilling services global market, the shallow water activities dominates offshore market and is projected to grow with significant growth in the near future. On the other hand, the deepwater and ultra-deepwater activities are also projected to increase, escalating the requirement for semisubmersibles and drillships in offshore application.

The report analyzes and projects the offshore drilling market by applications, by service, and geography. The offshore drilling market includes contract drilling services, as well as directional and logging while drilling services, and its various submarkets with respect to main regions such as Asia-Pacific, Europe, Africa, Middle East, North America, and South America. Offshore drilling activities are also analyzed on the basis of the shallow, deep and ultra-deepwater activities.

This report also includes market share, and value-chain analysis, Porters Five Force Analysis, and market metrics such as drivers, restraints, burning issues, winning imperative, and opportunities. In addition, this report also includes leading drilling service providers and contractors, such as Baker Hughes Inc. (U.S.), Halliburton Co. (U.S.), Schlumberger Ltd. (U.S.), Weatherford (Switzerland), Transocean (Switzerland), Ensco (The U.K.), Seadrill (Bermuda).

Inquiry / Request for Customization:

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441