The report analyses the regional offshore drilling market in Europe and the Former Soviet Union providing historic drilling and spending trends in the period 2005 to 2009 and forecast trends over the period 2010 to 2014. The report discusses key drilling events in each country of the region including a synthesis of shallow versus deep water spending and exploratory versus development spending.
Scope
- Insight on the drilling services market in Europe and the FSU and its evolution in the current market environment.
- Forecasts of the number of wells to be drilled and the likely level of expenditure required to fulfil predicted levels of activity
- An overview of drilling equipment and processes and a description of how the associated technologies are costed and allocated to various well types.
- Analysis of individual offshore areas and their role in the future growth of the drilling sector and rig market.
Highlights of this title
Global offshore drilling activity will be fully recovered by 2011. It will stabilise in 2010, will return to growth in 2011 and will grow rapidly in the subsequent two years.
The prospects for the recovery in drilling numbers vary considerably across geographic regions, with deepwater drilling continuing to be the main driver for expanding levels of activity in the market.
Nearly 18,000 offshore wells were drilled around the world over the last five years, with numbers peaking in 2007. Around $291 billion was spent on this activity. The amount of spend is likely to grow by at least 25% over the period to 2014.
Key reasons to purchase this title
- Develop a drilling investment strategy targeted around Exploration and Production hotspots in Europe and the FSU.
- Evaluate likely technology driven growth opportunities created by the medium term evolution of the drilling sector.
- Analyse how drilling spending patterns will vary between different technology sectors and geographies over a five-year forecast period.
