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Worldwide Offshore Drilling Market Grow at a CAGR of 10.6% to Reach $134.02 Billion by 2019

ReportsnReports.com adds “Offshore Drilling Market by Services (Contract Drilling, Directional Drilling and Logging while Drilling), Applications (Shallow Water, Deepwater, Ultra-Deepwater) & by Geography - Global Trends & Forecasts to 2019 "global research report to its store.

The onshore mature oil & gas reserves shifts the focus of operator companies towards deep water offshore areas. The increasing demand of energy has pushed the exploration and production activities in the deep and ultra-deep region thereby growing the demand for the offshore drilling services.

The escalated demand of these services is backed off by the increasing demand of energy and soaring capital expenditures by the various oil and gas companies on the offshore projects. The trend is expected to continue with the current surge in ultra-deep reserves exploratory activities, particularly in new regions such as Asia-Pacific. The global offshore drilling market is thereby expected to grow to $134.02 billion by 2019, at a CAGR of 10.6% from 2014 to 2019.

Geographically, Asia Pacific region is expected to be the largest market by 2019 that will grow rapidly at a CAGR of 12.6% during the forecast period. This region is currently estimated to value $18.89 billion in 2014, which will increase to $34.89 billion by 2019. North American market holds the second largest market share, with the prominent activities taking place in the GOM region which generates the maximum revenue for the region.

The report classifies the offshore drilling market in accordance to services, geography, and application areas. The offshore drilling services included in this report are offshore contract drilling, directional drilling, and logging while drilling. The contract drilling services hold the highest market share among the services. The application areas covered in this report are shallow, deep water, and ultra-deep water. In terms of geography, the report is segmented into Asia-Pacific, Europe, the Middle East, Africa, North America, and South America.

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This report highlights various key industrial issues and market impulse factors. It also describes a number of important dynamics such as drivers, restraints, and opportunities. The study also covers recent development strategies adopted by the industry players in offshore drilling market.

To offer a deeper understanding of the competitive landscape, this report includes profiles of some major offshore oil & gas service providers such Halliburton Company (U.S.), Schlumberger Limited (U.S.), Weatherford International Ltd (Switzerland), and contract companies such as SeaDrill Ltd. (Bermuda), Transocean (U.S.), Diamond Offshore Drilling, Inc. (U.S.), Noble Corporation (Switzerland), Rowan Companies (U.S.), Ensco Plc (U.K.), and others.

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Table of Contents

1 Introduction

2 Executive Summary

3 Premium Insights

4 Market Overview

5 An Overview Of The Offshore Oil & Gas Industry

6 Offshore Drilling Rig Market

7 Global Offshore Drilling Market, By Services

8 Global Offshore Drilling Market, By Geography

9 Global Offshore Drilling Market, By Application

10 Company Profiles
10.1 Atwood Oceanics Inc.
10.2 Baker Hughes Inc.
10.3 China Oilfield Services Limited
10.4 Diamond Offshore Drilling Inc.
10.5 Ensco International Inc.
10.6 Halliburton Company
10.7 Kca Deutag
10.8 Maersk Drilling
10.9 Nabors Industries Ltd
10.1 Noble Corporation
10.11 Rowan Companies Plc
10.12 Schlumberger Limited

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