Offshore Drilling Industry to 2016 - Rapidly Rising Demand for Hydrocarbons Expected to Boost Offshore Drilling in Ultra-Deepwater and Harsh-weather Environments
- Published: December 2011
“Offshore Drilling Industry in the Americas to 2015 - New Deepwater Discoveries and Stringent Offshore Regulations Affecting the Future Industry Outlook”. The study, which is an offering from the company’s Energy Research Group, provides an in-depth analysis of the offshore drilling market in the Americas and highlights the various concerns, shifting trends and major players in the region. The report provides forecasts for the offshore drilling industry in the Americas to 2015. The report also provides segmental forecasts of the offshore drilling market in the Americas by water depth and highlights the major countries in the region. The report provides in-depth analysis of the key trends and challenges in the offshore drilling market in the region. An analysis of the competitive scenario, data on the offshore wells and drilling expenditure in the region are also provided for each of the market segments. The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by a team of industry experts.
The Americas is a key region in the global offshore drilling industry. The exploration and production
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1.1 List of Tables
1.2 List of Figures
2 The Offshore Drilling Industry In The Americas To 2015
2.1 Report Guidance
3 Introduction to the Offshore Drilling Industry
3.1 Significance of Offshore Drilling and Major Offshore Areas in the Americas
3.2 Impact of the Offshore Exploration Business on the Offshore Drilling Business
3.3 Importance of Various Local Government and Private Regulations Influencing the Offshore Exploration and Drilling Business
3.4 Offshore Drilling Business Development and Key Bid Evaluation Criteria (BEC)
3.4.1 Technical Suitability
3.4.2 Price
3.4.3 Availability
3.5 The Offshore Drilling Industry and Its Role as a Part of the Upstream Oil and Gas Industry Value Chain
3.6 Types of Rig and Support Services
3.6.1 Mobile Bottom Supported Rigs
3.6.2 Floating Rigs
3.6.3 Key Technologies Used As Supporting Mechanisms in Floating Rigs
3.6.4 Subsea Production and Processing Systems
3.7 Offshore Drilling Technology Concepts
3.7.1 Exploratory Wells
3.7.2 Appraisal Wells
3.7.3 Development Wells
3.7.4 Deepwater Drilling
3.7.5 Rotary Drilling Procedures
3.8 Key Allied Segments Supplementing the Core Offshore Drilling Business
3.8.1 Oilfield Services
3.8.2 Geo-Scientific Support Services
3.8.3 Rig Support Services
3.8.4 Engineering and Equipment Support Services
4 Key Trends and Challenges in the Offshore Drilling Industry of the Americas
4.1 Key Drivers of the Offshore Drilling Industry of the Americas
4.1.1 C-NLOPB Fresh Bid Invitations amidst Stringent Regulation Reviews Signal Strong Potential for Oil Exploration and Production Industry in Canada
4.1.2 New Gas Discovery at Perla Oilfield Boosts Offshore Drilling Business Prospects in Venezuela
4.1.3 Growth in Oil and Gas Demand in the Long Term and the Increase in Offshore Oil and Gas Production are Driving the Growth of the Offshore Drilling Industry
4.1.4 Increasing Deep and Ultra Deep Water Exploration and Production is Driving the Growth of the Offshore Drilling Industry
4.1.5 Rapid Technological Advances are a Key Driver of the Development of the Offshore Drilling Industry
4.2 Major Challenges in The Offshore Drilling Industry
4.2.1 Offshore Drilling Industry in the US is Expected to be Temporarily Hampered Due to the New US Offshore Drilling Moratorium
4.2.2 Gulf Oil Spill Leading to Stiffer Technical Standards, Which Will Have an Impact on the Offshore Drilling Business in the US
4.2.3 Global Economic Slowdown and Low Commodity Prices are a Challenge for the Growth of the Offshore Drilling Industry in the Short Term
4.2.4 Decreases in Exploration and Production Capital Expenditure is a Major Challenge for the Offshore Drilling Contractors
4.2.5 Highly Competitive Drilling Industry with Intense Price Competition in Addition to the Decrease in the Drilling Activity will be a Major Challenge
4.2.6 Argentina Struggling To Attract Investors Because Of Low Geological Attractiveness
4.3 Mergers and Acquisitions in the Offshore Drilling Industry in the Americas
5 Offshore Drilling Forecast for the Americas to 2015
5.1 Offshore Drilling Expenditure Forecast for the Americas To 2015
5.2 Offshore Drilling Expenditure Forecast for the Americas by Region, 2000–2015
5.3 Offshore Well Forecast for the Americas To 2015
5.4 Offshore Well Forecast for the Americas To 2015, by Region
5.5 Profiles of the Major Offshore Drilling Contractors in the Americas
5.5.1 Transocean Ltd.
5.5.2 Noble Corporation
5.5.3 Diamond Offshore Drilling
5.5.4 Ensco International
5.5.5 Seadrill
6 Key North American Countries’ Offshore Wells and Drilling Expenditure Statistics
6.1 North America, Offshore Drilling Forecast To 2015
6.1.1 North America, Offshore Drilling Expenditure Forecast To 2015, by Water Depth
6.1.2 North America, Offshore Drilling Expenditure Forecast To 2015, by Country
6.1.3 North America Offshore Wells Forecast To 2015
6.1.4 North America Offshore Wells Forecast to 2015, by Country
6.2 The US, Offshore Drilling Wells Statistics and Expenditure To 2015
6.2.1 The US, Offshore Wells Forecast, 2000–2015
6.2.2 The US, Offshore Drilling Expenditure, by Water Depth, 2000–2015
6.2.3 The US, Top Lease Holders, 2009
6.3 Canada, Offshore Drilling Expenditure, Forecast To 2015
6.3.1 Canada, Offshore Wells, Historical Figures and Forecast, 2000–2015
6.3.2 Canada, Offshore Drilling Expenditure, by Water Depth, 2000–2015
6.3.3 Canada, Top Lease Holders, 2009
7 Key South and Central American Countries’ Offshore Wells and Drilling Expenditure Statistics
7.1 South and Central America, Offshore Drilling Forecast To 2015
7.1.1 South and Central America, Offshore Drilling Expenditure, Forecast To 2015, by Water Depth
7.1.2 South and Central America, Offshore Drilling Expenditure, Forecast to 2015, by Country
7.1.3 South and Central America, Offshore Wells, Forecast To 2015
7.1.4 South and Central America, Offshore Wells, Forecast to 2015, by Country
7.2 Brazil, Offshore Drilling Wells, Statistics and Expenditure To 2015
7.2.1 Brazil, Offshore Wells, Forecast, 2000–2015
7.2.2 Brazil, Offshore Drilling Expenditure, by Water Depth, 2000–2015
7.2.3 Brazil, Top Lease Holders, 2009
7.3 Venezuela, Offshore Drilling Wells, Statistics and Expenditure To 2015
7.3.1 Venezuela, Offshore Wells, Forecast, 2000–2015
7.3.2 Venezuela, Offshore Drilling Expenditure, by Water Depth, 2000–2015
7.3.3 Venezuela, Top Lease Holders, 2009
7.4 Argentina, Offshore Drilling Wells, Statistics and Expenditure To 2015
7.4.1 Argentina, Offshore Wells, Forecast, 2000–2015
7.4.2 Argentina, Offshore Drilling Expenditure, by Water Depth, 2000–2015
7.4.3 Argentina, Top Lease Holders, 2009
7.5 Trinidad and Tobago, Offshore Drilling Wells, Statistics and Expenditure, 2000–2015
7.5.1 Trinidad and Tobago, Offshore Wells, Forecast, 2000–2015
7.5.2 Trinidad and Tobago, Offshore Drilling Expenditure, by Water Depth, 2000–2015
7.5.3 Trinidad and Tobago, Top Lease Holders, 2009
7.6 Mexico, Offshore Drilling Wells, Statistics and Expenditure To 2015
7.6.1 Mexico, Offshore Wells Forecast, 2000–2015
7.6.2 Mexico, Offshore Drilling Expenditure, By Water Depth, 2000–2015
7.6.3 Mexico, Top Lease Holders, 2009
8 Appendix
8.1 Methodology
8.1.1 Coverage
8.1.2 Secondary Research
8.1.3 Primary Research
8.1.4 Expert Panel Validation
8.2 Abbreviations
8.3 Contact Us
8.4 About GBI Research
8.5 Disclaimer
1.1 List of Tables
Table 1: Oil and Gas Expenditure ($ bn), 2005–2009
Table 2: Merger and Acquisition and Asset Transaction Activity in the Offshore Drilling Industry ($m), 2007–2009
Table 3: Offshore Drilling Expenditure, by Water Depth, Americas (US$bn), 2000-15
Table 4: Offshore Drilling Expenditure, by Region, The Americas ($ bn), 2000–2015
Table 5: Offshore Wells Drilled, The Americas, 2000–2015
Table 6: Offshore Wells Drilled, Americas, by Region, 2000-2015
Table 7: Transocean Ltd., Rig Fleet Summary for the Americas, 2010
Table 8: Transocean, Rigs, By Country, 2010
Table 9: Noble Corporation—Rig Fleet Summary for the Americas, 2010
Table 10: Diamond Offshore—Rig Fleet Summary for the Americas, 2010
Table 11: Ensco International—Rig Fleet Summary for the Americas, 2010
Table 12: Seadrill—Rig Fleet Summary for the Americas, 2010
Table 13: Offshore Drilling Expenditure, by Water Depth, North America, ($ bn), 2000–2015
Table 14: Offshore Drilling Expenditure, by Country, North America, ($ bn), 2000–2015
Table 15: Offshore Wells Drilled, North America, 2000-2015
Table 16: Offshore Wells Drilled, North America, by Country, 2000–2015
Table 17: Offshore Wells Drilled, The US, 2000–2015
Table 18: Offshore Drilling Expenditure, The US ($ bn), 2000–2015
Table 19: Top Offshore Lease Holders, The US, 2009
Table 20: Offshore Wells, Canada, 2000–2015
Table 21: Offshore Drilling Expenditure ($ bn), Canada, 2000–2015
Table 22: Top Offshore Lease Holders, Canada, 2009
Table 23: Offshore Drilling Expenditure, by Water Depth, South and Central America, ($ bn), 2000–2015
Table 24: Offshore Drilling Expenditure ($ bn), South America, by Country, 2000–2015
Table 25: Offshore Wells, South America, 2000–2015
Table 26: Offshore Wells by Country, South and Central America, 2000–2015
Table 27: Offshore Wells Drilled, Brazil, 2000–2015
Table 28: Offshore Drilling Expenditure, by Water Depth, Brazil ($ bn), 2000–15
Table 29: Top Offshore Lease Holders, Brazil, 2009
Table 30: Offshore Wells Drilled, Venezuela, 2000–2015
Table 31: Offshore Drilling Expenditure, by Water Depth, Venezuela, ($ bn), 2000–2015
Table 32: Offshore Drilling Expenditure, by Water Depth, Venezuela, ($ bn), 2000–2015
Table 33: Top Lease Holders, Venezuela, 2009
Table 34: Top Lease Holders, Venezuela, 2009
Table 35: Offshore Wells Drilled, Argentina, 2009
Table 36: Offshore Wells Drilled, Argentina, 2009
Table 37: Offshore Drilling Expenditure, Argentina, ($ bn), 2000–2015
Table 38: Top Lease Holders, Argentina, 2009
Table 39: Total Offshore Wells Drilled, Trinidad and Tobago, 2000–2015
Table 40: Offshore Drilling Expenditure, Trinidad and Tobago, ($ bn), 2000–2015
Table 41: Top Offshore Lease Holders, Trinidad and Tobago, 2009
Table 42: Offshore Wells Drilled, Mexico, 2000–2015
Table 43: Offshore Drilling Expenditure, by Water Depth, Mexico ($ bn), 2000–2015
Table 44: Top Offshore Lease Holders, Mexico, 2000–2009
1.2 List of Figures
Figure 1: Crude Oil Price, Brent and WTI, Natural Gas Price, Henry Hub, Aug 2009 – Jul 2010
Figure 2: Oil and Gas Expenditure ($ bn), 2005–2009
Figure 3: Merger and Acquisition and Asset Transaction Activity in the Offshore Drilling Industry ($m), 2007–2009
Figure 4: Offshore Drilling Expenditure, by Water Depth, Americas (US$bn), 2000-15
Figure 5: Offshore Drilling Expenditure, by Region, The Americas ($ bn), 2000–2015
Figure 6: Offshore Wells Drilled, The Americas, 2000–2015
Figure 7: Offshore Wells Drilled, Americas, by Region, 2000-2015
Figure 8: Offshore Drilling Expenditure, by Water Depth, North America, ($ bn), 2000–2015
Figure 9: Offshore Drilling Expenditure, by Country, North America, ($ bn), 2000–2015
Figure 10: Offshore Wells Drilled, North America, 2000-2015
Figure 11: Offshore Wells Drilled, North America, by Country, 2000–2015
Figure 12: Offshore Wells Drilled, The US, 2000–2015
Figure 13: Offshore Drilling Expenditure, The US ($ bn), 2000–2015
Figure 14: Top Offshore Lease Holders, The US, 2009
Figure 15: Offshore Wells, Canada, 2000–2015
Figure 16: Offshore Drilling Expenditure ($ bn), Canada, 2000–2015
Figure 17: Top Offshore Lease Holders, Canada, 2009
Figure 18: Offshore Drilling Expenditure, by Water Depth, South and Central America, ($ bn), 2000–2015
Figure 19: Offshore Drilling Expenditure ($ bn), South America, by Country, 2000–2015
Figure 20: Offshore Wells, South America, 2000–2015
Figure 21: Offshore Wells by Country, South and Central America, 2000–2015
Figure 22: Offshore Wells Drilled, Brazil, 2000–2015
Figure 23: Offshore Drilling Expenditure, by Water Depth, Brazil ($ bn), 2000–2015
Figure 24: Top Offshore Lease Holders, Brazil, 2009
Figure 25: Total Offshore Wells Drilled, Venezuela, 2000–2015
Figure 26: Offshore Drilling Expenditure, Argentina, ($ bn), 2000–2015
Figure 27: Top Lease Holders, Argentina, 2009
Figure 28: Offshore Wells Drilled, Trinidad and Tobago, 2000–2015
Figure 29: Offshore Drilling Expenditure, Trinidad and Tobago, ($ bn), 2000–2015
Figure 30: Top Offshore Lease Holders, Trinidad and Tobago, 2009
Figure 31: Offshore Wells Drilled, Mexico, 2000–2015
Figure 32: Offshore Drilling Expenditure, by Water Depth, Mexico ($ bn), 2000–2015
Figure 33: Top Offshore Lease Holders, Mexico, 2000–2009
Figure 34: GBI Research Methodology, 2010
“Offshore Drilling Industry in the Americas to 2015 - New Deepwater Discoveries and Stringent Offshore Regulations Affecting the Future Industry Outlook”. The study, which is an offering from the company’s Energy Research Group, provides an in-depth analysis of the offshore drilling market in the Americas and highlights the various concerns, shifting trends and major players in the region. The report provides forecasts for the offshore drilling industry in the Americas to 2015. The report also provides segmental forecasts of the offshore drilling market in the Americas by water depth and highlights the major countries in the region. The report provides in-depth analysis of the key trends and challenges in the offshore drilling market in the region. An analysis of the competitive scenario, data on the offshore wells and drilling expenditure in the region are also provided for each of the market segments. The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by a team of industry experts.
Offshore Drilling Expenditure in the Americas is Expected to Continue to Increase to 2015 After a Dip in the Previous Two Years
The major offshore oil and gas fields in the Americas are the Gulf of Mexico, off the US coast, the Newfoundland and Nova Scotia oil fields off the Canadian coastline, the Gulf of Mexico off the Mexican coast, and the Campos and Santos Basins off the coast of Brazil. The offshore basins of the islands of Trinidad and Tobago are rich in natural gas reserves. The Carina Aries and Perla oil field shallow water blocks off the Argentine and Venezuelan coasts, respectively, are abundant in natural gas reserves.
Other countries in the Americas which have offshore drilling investment potential are Suriname, the Falkland Islands, Uruguay, Cuba, Peru and Ecuador. Recent exploration attempts in the search for oil and gas reserves have indicated the potential oil and gas reserves in these countries.
Hectic shallow water activity off the South and Central American coasts are expected in the period 2010-15, as a result of previous as well as expected exploration investments off the coasts of Brazil, Mexico, Trinidad and Tobago, Venezuela, and newer regions such as Falkland Islands and Suriname.
- Transocean Ltd.
- Noble Corporation
- Diamond Offshore Drilling
- Ensco International
- Seadrill
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