HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: September 2014
Report Code: EP 2723

 

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Maturing onshore oil & gas reserves pave the way for the offshore exploration and production activities, by the operators across the globe. The increasing demand for energy together with increasing investment in deep and ultra-deep offshore exploration activities will drive the global offshore drilling market to $134.02 billion by 2019, growing at a CAGR of 10.6% from 2014 to 2019.

The report analyzes the offshore drilling market worldwide. The report also provides a market overview of offshore drilling activities, by types- contract drilling, directional drilling and logging while drilling.

For this report, major players in the market are identified through secondary and primary research. Based on that, their market shares are evaluated. This includes a study of the annual reports of top market players and interviews with key opinion leaders, such as CEOs, Directors, and industry experts.

The size of the overall market is determined by forecasting techniques, global offshore drilling activities and E&P spending in different geographical regions that are validated through primary sources. The estimated CAGR of the market is determined from 2014 to 2019.

The report touches on various other important aspects of the market. It includes an analysis of the value-chain, Porter’s Five Forces Analysis, the competitive landscape, and premium insights of the offshore drilling market.

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).

Scope of the Report:

By Application:

  • Shallow Water
  • Deepwater
  • Ultra-Deepwater

By Services:

  • Contract Drilling
  • Directional Drilling
  • Logging while Drilling

By Geography:

  • North America
  • South America
  • Africa
  • Middle East
  • Asia-Pacific
  • Europe

Table Of Contents

1 Introduction (Page No.- 24)
   1.1 Objectives
   1.2 Report Description
   1.3 Markets Covered
   1.4 Stakeholders
   1.5 Research Methodology
      1.5.1 Approach
      1.5.2 Market Size Estimation
      1.5.3 Market Crackdown & Data Triangulation
      1.5.4 Key Data Taken From Secondary Sources
      1.5.5 Key Secondary Sources Used
      1.5.6 Key Data Points Taken From Primary Sources
      1.5.7 Assumptions Made For This Report

2 Executive Summary (Page No. - 34)

3 Premium Insights (Page No. - 37)
   3.1 Asia-Pacific Dominates The Global Market
   3.2 Maximum Growth For Deep & Ultra-Deepwater 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 (Page No. - 48)
   4.1 Introduction
   4.2 Market Segmentation
        4.2.1 By Services
        4.2.2 By Geography
        4.2.3 By Applications
  4.3 Value Chain Analysis
        4.3.1 Equipment Manufacturers
        4.3.2 Service Providers
        4.3.3 Oil Field Operators
  4.4 Market Dynamics
        4.4.1 Drivers
                 4.4.1.1 Sustained High Oil Prices Over The Recent Years, Drives Offshore Exploration Activities
                 4.4.1.2 Increasing Energy Demand From Emerging Economies
                             4.4.1.2.1 Demand & Supply State Of Affairs Of Crude Oil
                             4.4.1.2.2 Demand & Supply Scenario Of Natural Gas
                 4.4.1.3 Increased Expenditure From Oil & Gas Companies Accelerates Offshore Exploration Activities
        4.4.2 Restraints
                 4.4.2.1 Regulatory Challenges & Environmental Issues
                             4.4.2.1.1 High Environmental Risks
                 4.4.2.2 Strict Government Regulations
       4.4.3 Opportunities
                4.4.3.1 Focus On Deep & Ultra-Deepwater Reserves
                4.4.3.2 Growing Offshore E&P Capex
  4.5 Winning Imperatives
        4.5.1 Research & Development Of Specialized Tools And Equipment
        4.5.2 Consolidation Trend Is The Key In Offshore Exploration
  4.6 Burning Issues
        4.6.1 High Risk Business & Lack Of Technical Professionals
  4.7 Porter’s Five Force Analysis
        4.7.1 Threat Of New Entrants
        4.7.2 Threat Of Substitutes
        4.7.3 Suppliers’ Power
        4.7.4 Buyers’ Power
        4.7.5 Degree Of Competition

5 An Overview Of The Offshore Oil & Gas Industry (Page No. - 74)
  5.1 Introduction
  5.2 Global Offshore Oil & Gas Reserves
        5.2.1 Global Offshore Oil & Gas Reserves, By Regions
        5.2.2 Global Offshore Oil & Gas Reserves, By Water Depths
  5.3 Global Offshore Oil & Gas Production
        5.3.1 Global Offshore Oil Production
        5.3.2 Global Offshore Gas Production
  5.4 Offshore Drilling Activity
         5.4.1 Global Offshore Drilling Activity
                  5.4.1.1 Asia-Pacific Offshore Drilling
                  5.4.1.2 Europe Offshore Drilling
                  5.4.1.3 Middle East Offshore Drilling
                  5.4.1.4 Africa Offshore Drilling
                  5.4.1.5 North America Offshore Drilling
                  5.4.1.6 South America Offshore Drilling

6 Offshore Drilling Rig Market (Page No. - 88)
    6.1 Introduction
          6.1.1 Drillships
          6.1.2 Semi-Submersibles
          6.1.3 Jackups
          6.1.4 Platform Rigs
          6.1.5 Tender Assist Rig
  6.2 Offshore Rig Supply Overview
         6.2.1 Us Gulf Of Mexico (Us Gom)
         6.2.2 West Africa/Mediterranean
         6.2.3 North Sea
         6.2.4 Middle East
         6.2.5 South East Asia/India
         6.2.6 South America
         6.2.7 Mexico
         6.2.8 Others
  6.3 Offshore Driller’s Market
        6.3.1 Offshore Rig Count, By Company And Type
        6.3.2 Jackups Newbuilds, By Company
        6.3.3 Floaters Newbuilds, By Company
        6.3.4 Offshore Rig Demand Growth
                 6.3.4.1 Jackup Demand Growth
                 6.3.4.2 Floater Demand Growth
  6.4 Offshore Rigs Newbuilds
        6.4.1 Jackup Newbuilds Deliveries
                 6.4.1.1 Jackups New Build Deliveries, 2014
                 6.4.1.2 Jackup Newbuild Deliveries, 2015
                 6.4.1.3 Jackup Newbuild Deliveries, 2016+
        6.4.2 Drillships Newbuilds Deliveries
                 6.4.2.1 Drillships Newbuild Deliveries, 2014
                 6.4.2.2 Drillships Newbuild Deliveries, 2015
                 6.4.2.3 Drillships Newbuild Deliveries, 2016
                 6.4.2.4 Drillships Newbuild Deliveries, 2017+
       6.4.3 Semisubmersibles New Builds Deliveries
                6.4.3.1 Semisubmersibles New Build Deliveries, 2014
                6.4.3.2 Semisubmersibles Newbuild Deliveries, 2015
                6.4.3.3 Semisubmersibles Newbuild Deliveries, 2016
                6.4.3.4 Semisubmersibles Newbuild Deliveries, 2017+
   6.5 Offshore Rig Utilization Rate
   6.6 Offshore Rig Day Rates
         6.6.1 Jackup Day Rate
         6.6.2 Floater Day Rate

7 Global Offshore Drilling Market, By Services (Page No. - 131)
    7.1 Introduction
          7.1.1 Global Offshore Drilling Market, By Services
    7.2 Offshore Contract Drilling
          7.2.1 Definition & Description
                   7.2.1.1 North America & South America Leads The Offshore Contract Drilling Market
    7.3 Directional Drilling
          7.3.1 Definition & Description
                    7.3.1.1 Increasingly Complex Drilling Projects Demand Directional Drilling
    7.4 Logging While Drilling
          7.4.1 Definition & Description
                   7.4.1.1 Market Size Forecast

8 Global Offshore Drilling Market, By Geography (Page No. - 142)
    8.1 Introduction
          8.1.1 Global Offshore Drilling Market, By Geography
    8.2 Asia-Pacific Offshore Drilling Market
          8.2.1 Asia-Pacific Market, By Services
          8.2.2 Asia-Pacific Market, By Countries
                   8.2.2.1 China & Thailand Leads The Growth In Asia-Pacific Offshore Drilling
    8.3 Europe Offshore Drilling Market
          8.3.1 Europe Market, By Services
          8.3.2 Europe Market, By Countries
                   8.3.2.1 Norway And U.K. Are The Major Offshore Countries In Europe
    8.4 Middle East Offshore Drilling Market
           8.4.1 Middle East Market, By Services
           8.4.2 Middle East Market, By Countries
    8.5 Africa Offshore Drilling Market
          8.5.1 Africa Market, By Services
          8.5.2 Africa Market, By Countries
                   8.5.2.1 Emergence Of East African Countries Boost Offshore Developments In Africa
    8.6 North America Offshore Drilling Market
          8.6.1 North America Market, By Services
          8.6.2 North America Market, By Countries
     8.7 South America Offshore Drilling Market
           8.7.1 South America Market, By Services
           8.7.2 South America Market, By Countries

9 Global Offshore Drilling Market, By Application (Page No. -158)
    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 (Page No. - 167)
     10.1 Atwood Oceanics Inc.
             10.1.1 Introduction
              10.1.2 Products And Services
              10.1.3 Strategy
              10.1.4 Developments
    10.2 Baker Hughes Inc.
            10.2.1 Introduction
            10.2.2 Products & Services
            10.2.3 Strategy & Insights
             10.2.4 Developments
             10.2.5 Swot Analysis
     10.3 China Oilfield Services Limited
              10.3.1 Introduction
              10.3.2 Products & Services
              10.3.3 Strategy & Insights
              10.3.4 Developments
     10.4 Diamond Offshore Drilling Inc.
             10.4.1 Introduction
             10.4.2 Products & Services
             10.4.3 Strategy & Insights
             10.4.4 Developments
     10.5 Ensco International Inc.
             10.5.1 Introduction
             10.5.2 Products And Services
             10.5.3 Strategy And Insights
             10.5.4 Developments
             10.5.5 Swot Analysis
             10.5.6 Mnm View
     10.6 Halliburton Company
            10.6.1 Introduction
            10.6.2 Products & Services
            10.6.3 Strategy & Insights
            10.6.4 Developments
            10.6.5 Swot Analysis
            10.6.6 Mnm View
     10.7 Kca Deutag
             10.7.1 Introduction
             10.7.2 Products & Services
             10.7.3 Strategy & Insights
             10.7.4 Developments
     10.8 Maersk Drilling
             10.8.1 Introduction
             10.8.2 Products And Services
             10.8.3 Strategy And Insights
             10.8.4 Developments
      10.9 Nabors Industries Ltd
             10.9.1 Introduction
             10.9.2 Products And Services
             10.9.3 Strategy And Insights
             10.9.4 Developments
             10.9.5 Swot Analysis
             10.9.6 Mnm View
      10.1 Noble Corporation
             10.10.1 Introduction
             10.10.2 Products And Services
             10.10.3 Strategy And Insights
             10.10.4 Developments
     10.11 Rowan Companies Plc
              10.11.1 Introduction
              10.11.2 Products And Services
              10.11.3 Strategy
              10.11.4 Developments
     10.12 Schlumberger Limited
               10.12.1 Introduction
               10.12.2 Products And Services
               10.12.3 Strategy And Insights
               10.12.4 Developments
               10.12.5 Swot Analysis
               10.12.6 Mnm View
     10.13 Seadrill Ltd.
               10.13.1 Introduction
               10.13.2 Products And Services
               10.13.3 Strategy
               10.13.4 Developments
               10.13.5 Swot Analysis
               10.13.6 Mnm View
     10.14 Transocean Ltd.
              10.14.1 Introduction
              10.14.2 Products & Services
              10.14.3 Strategy & Insights
              10.14.4 Developments
              10.14.5 Swot Analysis
              10.14.6 Mnm View
     10.15 Weatherford International Ltd
               10.15.1 Introduction
               10.15.2 Products And Services
               10.15.3 Strategy And Insights
               10.15.4 Developments
               10.15.5 Swot Analysis
               10.15.6 Mnm View

11 Competitive Landscape (Page No. - 266)
     11.1 Introduction
     11.2 Key Players Of Offshore Drilling Market
             11.2.1 List Of Key Players
     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
             11.6.1 New Product Launch
             11.6.2 Contract & Agreement
             11.6.3 Expansion
             11.6.4 Mergers & Acqusitions
             11.6.5 Others


List Of Tables(98 Tables)

Table 1 Global Offshore Drilling Market Revenue, By Services, 2012 – 2019 ($Million)
Table 1 Regional Dominance & Key Market Players
Table 2 Global Offshore Drilling Market: Regional Scenario 2013
Table 3 Global Market: Growth By Applications
Table 4 Global Market Share, By Applications, 2013 & 2019
Table 5 Jackup & Floater Operator Market: Market Facts
Table 6 Jackup & Floater Operator Market: Market Facts
Table 7 Offshore Drilling Rig Market: Market Scenario
Table 8 Offshore Drilling Rig Market: Market Scenario
Table 9 Jackup & Floater Dayrates: Market Scenario
Table 10 Jackup & Floater: Dayrates, By Types, 2011 – 2013 ($Kpd)
Table 11 Offshore Rig Market: Market Scenario
Table 12 Offshore Rig Market: Market Scenario
Table 13 Price Summary, Wti Crude & Brent Crude, 2011 – 2014 ($/Barrel)
Table 14 Demand For Crude Oil, By Geography, 2009 – 2013 (‘000 Bbl/Day)
Table 15 Supply Of Crude Oil, By Geography, 2009 – 2013 (‘000 Bbl/Day)
Table 16 Demand For Natural Gas, By Geography, 2009 – 2013 (Bcm)
Table 17 Supply Of Natural Gas, By Geography, 2009 – 2013 (Bcm)
Table 18 Global Offshore Wells Drilled, By Regions, 2011 – 2013
Table 19 Asia-Pacific: Offshore Wells Drilled, By Countries, 2011 – 2013
Table 20 Europe: Offshore Wells Drilled, By Countries, 2011 – 2013
Table 21 Middle East: Offshore Wells Drilled, By Countries, 2011 – 2013
Table 22 Africa: Offshore Wells Drilled, By Countries, 2011 – 2013
Table 23 North America: Offshore Wells Drilled, By Countries, 2011 – 2013
Table 24 South America: Offshore Wells Drilled, By Countries, 2011 – 2013
Table 25 Us Gulf Of Mexico: Mobile Offshore Drilling Rig Count, 2012 – 2014
Table 26 West Africa/Mediterranean: Mobile Offshore Drilling Rig Count, 2012–2014
Table 27 North Sea: Mobile Offshore Drilling Rig Count, 2012 – 2014
Table 28 Middle East: Mobile Offshore Drilling Rig Count, 2012– 2014
Table 29 South East Asia/India: Mobile Offshore Drilling Rig Count, 2012 – 2014
Table 30 South America: Mobile Offshore Drilling Rig Count, 2012 – 2014
Table 31 Mexico: Mobile Offshore Drilling Rig Count, 2012 – 2014
Table 32 Others: Mobile Offshore Drilling Rig Count, 2012 – 2014
Table 33 Offshore Rig Count, By Company And Type, 2014
Table 34 Jackup Newbuilds, By Company, 2014–2017+
Table 35 Floater Newbuilds, By Company, 2014–2017+
Table 36 Jackup Demand, By Geography, 2013–2016
Table 37 Floater Demand, By Geography, 2013–2016
Table 38 Global Jackup Newbuild Deliveries, 2014–2016+
Table 39 Global Jackup Newbuild Deliveries, 2014
Table 40 Global Jackup Newbuild Deliveries, 2015
Table 41 Global Jackup Newbuild Deliveries, 2016+
Table 42 Global Drillship Newbuild Deliveries, 2014 – 2017+
Table 43 Global Drillship Newbuild Deliveries, 2014
Table 44 Global Drillship Newbuild Deliveries, 2015
Table 45 Global Drillship Newbuild Deliveries, 2016
Table 46 Global Drillship Newbuild Deliveries, 2017+
Table 47 Global Semisubmersibles Newbuild Deliveries, 2014 – 2017+
Table 48 Global Semisubmersibles Newbuild Deliveries, 2014
Table 49 Global Semisubmersibles Newbuild Deliveries, 2015
Table 50 Global Semisubmersibles Newbuild Deliveries, 2016
Table 51 Global Semisubmersibles Newbuild Deliveries, 2017
Table 52 Offshore Rig Utilization Rate, By Type, Nov 2012 – Apr 2013
Table 53 Jackup Day Rate, Q1 2012–Q4 2013 ($’000 Per Day)
Table 54 Floater Day Rate, Q1 2012–Q4 2013 ($’000 Per Day)
Table 55 Global Offshore Drilling: Market Size, By Services, 2012 – 2019 ($Million)
Table 56 Offshore Contract Drilling: Market Size(By Value), By Geography, 2012–2019 ($Million)
Table 57 Directional Drilling: Market Size(By Value), By Geography, 2012–2019 ($Million)
Table 58 Logging While Drilling: Market Size(By Value), By Geography, 2012–2019 ($Million)
Table 59 Offshore Drilling Market Size, By Geography, 2012–2019 ($Million)
Table 60 Asia-Pacific: Offshore Drilling Market Size, By Services, 2012–2019 ($Million)
Table 61 Asia-Pacific: Market Size, By Countries, 2012–2019 ($Million)
Table 62 Europe: Offshore Drilling Market Size, By Services, 2012–2019 ($Million)
Table 63 Europe: Market Size, By Countries, 2012–2019 ($Million)
Table 64 Middle East: Offshore Drilling Market Size, By Services, 2012–2019 ($Million)
Table 65 Middle East: Market Size, By Countries, 2012–2019 ($Million)
Table 66 Africa: Offshore Drilling Market Size, By Services, 2012–2019 ($Million)
Table 67 Africa: Market Size, By Countries, 2012–2019 ($Million)
Table 68 North America: Offshore Drilling Market Size, By Services, 2012–2019 ($Million)
Table 69 North America: Market Size, By Countries, 2012–2019 ($Million)
Table 70 South America: Market Size, By Services, 2012–2019 ($Million)
Table 71 South America: Market Size, By Countries, 2012–2019 ($Million)
Table 72 Global Offshore Drilling Market Size, By Applications, 2012–2019 ($Million)
Table 73 Asia-Pacific: Market Size, By Applications, 2012–2019 ($Million)
Table 74 Europe: Market Size, By Applications, 2012–2019 ($Million)
Table 75 Middle East: Market Size, By Applications, 2012–2019 ($Million)
Table 76 Africa:Market Size, By Applications, 2012–2019 ($Million)
Table 77 North America: Market Size, By Applications, 2012–2019 ($Million)
Table 78 South America: Market Size, By Applications, 2012–2019 ($Million)
Table 79 Atwood Oceanics: Products/Services & Its Description
Table 80 Baker Hughes: Products/Services & Its Description
Table 81 China Oilfield Services Limited: Products/Services & Its Description
Table 82 Diamond Offshore Drilling Inc.: Products/Services & Its Description
Table 83 Ensco Internantional Inc.: Products/Services & Its Description
Table 84 Halliburton Company: Products/Services & Its Description
Table 85 Kca Deutag: Products/Services & Its Description
Table 86 Maersk Drilling: Products/Services & Its Description
Table 87 Nabors Industries Ltd: Products/Services & Its Description
Table 88 Noble Corporation: Products/Services & Its Description
Table 89 Rowan Companies Plc.: Products/Services & Its Description
Table 90 Schlumberger Limited: Products/Services & Its Description
Table 91 Seadrill Ltd.: Products/Services & Its Description
Table 92 Transocean Ltd.: Products/Services & Its Description
Table 93 Weatherford International Ltd: Products/Services & Its Description
Table 94 New Product Launch Analysis, 2011-2014
Table 95 Contract & Agreement Analysis, 2011-2014
Table 96 Expansion Analysis, 2011-2014
Table 97 Mergers & Acqusitions Analysis, 2011-2014
Table 98 Others Analysis, 2011-2014


List Of Figures (39 Figures)

Figure 1 Research Methodology
Figure 1 Data Triangulation Methodology
Figure 2 Global Offshore Drilling Market Share(By Value), By Services, 2013
Figure 3 Offshore Drilling Market Share(By Value), By Geography,2013
Figure 4 Classification Of Offshore Drilling Services, By Application Areas
Figure 5 Global Offshore Drilling Market Share(By Value), By Applications, 2013
Figure 6 Value Chain Analysis Of The Offshore Drilling Services Market
Figure 7 Price Summary, Wti Crude & Brent Crude, 2011 – 2014 ($/Barrel)
Figure 8 Change In Crude Oil Consumption, By Geography, 2009 – 2013
Figure 9 Change In Crude Oil Production, By Regions, 2009 – 2013
Figure 10 Change In Natural Gas Consumption, By Geography, 2009 – 2013
Figure 11 Change In Natural Gas Production, By Geography, 2009 – 2013
Figure 12 Global E&P Capital Spending, By Company Types/Regions
Figure 13 Global Offshore E&P Capex, 2005 – 2014 ($Billion)
Figure 14 Porter’s Five Force Analysis
Figure 15 Global Offshore Oil & Gas Reserves, By Regions, 2012 (Billion Boe)
Figure 16 Global Offshore Oil & Gas Reserves, By Water Depths, 2012 (Billion Boe)
Figure 17 Global Offshore Oil Production, By Regions, 2012 (Million Barrels Per Day)
Figure 18 Global Offshore Gas Production, By Regions, 2012 (Billion Cubic Feet Per Day)
Figure 19 Global Offshore Drilling: Market Share(By Value), By Services, 2013
Figure 20 Offshore Contract Drilling: Market Share, By Geography, 2013
Figure 21 Offshore Drilling Market Share (Value), By Geography, 2013
Figure 22 Global Offshore Drilling Market Size Share, By Applications, 2013
Figure 23 Baker Hughes Inc.: Swot Analysis
Figure 24 Ensco Plc.: Swot Analysis
Figure 25 Halliburton Company: Swot Analysis
Figure 26 Nabors Industries Ltd.: Swot Analysis
Figure 27 Schlumberger Limited.: Swot Analysis
Figure 28 Seadrill Limited.: Swot Analysis
Figure 29 Transocean Ltd.:Swot Analysis
Figure 30 Weatherford International Ltd.: Swot Analysis
Figure 31 Market: Number Of Developments, 2011-2014
Figure 32 Market Development Share, By Growth Strategy, 2011-2014
Figure 33 Offshore Contract Drilling, Market Share Analysis, By Value, 2013
Figure 34 Offshore Drilling Market Development Share, By Key Player, 2011-2014
Figure 35 New Product Launch, 2011-2014
Figure 36 Contract & Agreement, 2011-2014
Figure 37 Expansion, 2011-2014
Figure 38 Mergers & Acqusition, 2011-2014
Figure 39 Awards & Recogntion, 2011-2014

Offshore drilling markethas 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, includingcontract drilling, directional drilling and logging while drilling.By application it covers shallow water, deep water and ultra-deepwater.

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.

Global Offshore Drilling Market Share (Value), 2013

Offshore Drilling Market

Source: MarketsandMarkets Analysis

Geographically, the market has been studied for different regions such as North America, Asia-Pacific, South America, The Middle East, Europeand Africa. The increasing investment in deep and ultra-deepwater 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 marketin terms of value has been evaluated in with respect toservices 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-deepwater oil and gas production is more challenging than onshoreexploration 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 subsea production and processing systems, increasing subsea infrastructure requirements, growing deep and ultra-deepwater 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, Drillships, and Semisubmersibles.

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.

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