Growing Offshore Drilling Activity to Drive the Market
During 2014-2017, the breakeven oil prices for offshore production have declined significantly. For instance, as of 2017, some of the North Sea fields’ oil production breaks even at as low as USD 25 per barrel. The offshore oil production cost is expected to further reduce during the forecast period owing to technological development and increasing focus on efficient operations. Moreover, if new significant oil & gas projects are not started, the oil supply is expected to fall behind the demand. Therefore, the oil prices are expected to witness a substantial increase during the next five years owing to growing demand. Hence, increasing oil prices and lower offshore production breakeven costs are expected to drive the offshore drilling activity during the forecast period.
During offshore drilling, the drilling fluid requirements are very specific as the offshore wells have smaller margin for error in terms of maintenance of mud pressure. To meet these requirements, before recirculation of the mud, almost all of the impurities including drill cutting needs to be removed. Hence, the requirements of the solid control systems are more complex for offshore drilling than onshore drilling. The government regulations in offshore drilling activity are more stringent as compared to onshore activity. To meet these requirements and regulations, operators have to deploy complicated and expensive shale shaker and desander systems. Hence, the growing drilling activities, particularly in the offshore areas are expected to have a positive impact on the shale shakers and desanders market during the forecast period.
Liberalization of Oil & Gas Sector to Drive the Market in South America
In order to attract investments in the oil & gas industry, the countries in South America are taking certain steps to liberalize the market. For instance, in Ecuador, the oil exploration and production (E&P) blocks were opened for bidding in January 2018 and were offered with new terms, according to which producers will be paid with oil that can be sold to the local refineries. The new terms allow the producers to benefit from volatility in oil prices.
Similarly, in Brazil, the country have allowed private operators to explore and produce from the oil & gas reserves, which was previously controlled by only Petrobras. In Argentina, since 2015, the government has put in place business-friendly policies to invite the investments in oil & gas sector to spur the economic growth. The liberalization of the market is expected to drive the investments in the oil & gas upstream industry. The growing investments in the upstream sector are expected to drive the drilling activity in the region, in turn supporting the market growth during the forecast period.
Key Developments in the Market
January 2018: US Interior Department announced that it will allow drilling in nearly all US waters. This is the single largest expansion of offshore oil & gas leasing by the federal government in the history of the US
The major players include - Augean plc., Baker Hughes A GE Co, GN Solids Control Co., Ltd, Halliburton Company, National-Oilwell Varco, Inc., Shandong Xinhai Mining Technology & Equipment Inc., Schlumberger Limited., Scomi Group Berhad, Weatherford International Plc, Terra Oilfield Solutions, LLC, among others.
Reasons to Purchase This Report
- Current and future shale shakers and desanders market outlook in the developed and emerging markets
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- The segment that is expected to dominate the market
- Regions that are expected to witness fastest growth during the forecast period
- Identify the latest developments and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in excel)
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2. Research Methodology
2.1 Scope of the Report
2.2 Market Definition
2.3 Study Assumptions
2.4 Study Deliverables
2.5 Research Phases
3. Market Overview
3.2 Market Size and Demand Forecast until 2023
3.3 Recent Trends and Developments
3.4 Government Policies and Regulations
4. Market Dynamics
5. Value Chain Analysis
6. Industry Attractiveness - Porter’s Five Forces Analysis
6.1 Bargaining Power of Suppliers
6.2 Bargaining Power of Consumers
6.3 Threat of New Entrants
6.4 Threat of Substitutes
6.5 Intensity of Competitive Rivalry
7. Market Segmentation and Analysis (Overview, Market Size, and Demand Forecast until 2023)
7.1 By Location of Deployment
8. Regional Market Analysis (Overview, Market Size, and Demand Forecast until 2023)
8.1 North America
8.1.1 United States
8.2.4 Rest of Asia-Pacific
8.3.3 United Kingdom
8.3.4 Rest of Europe
8.4 Middle East
8.4.1 Saudi Arabia
8.4.2 United Arab Emirates
8.4.4 Rest of Middle East
8.5.3 Rest of Africa
8.6 South America
8.6.3 Rest of South America
9. Key Company Analysis* (Overview, Products & Services, Financials**, Recent Developments, and Analyst View)
9.1 Augean plc
9.2 Baker Hughes A GE Co
9.3 GN Solids Control Co., Ltd
9.4 Halliburton Company
9.5 National-Oilwell Varco, Inc.
9.6 Shandong Xinhai Mining Technology & Equipment Inc.
9.7 Schlumberger Limited
9.8 Scomi Group Berhad
9.9 Weatherford International Plc
9.10 Terra Oilfield Solutions, LLC
10. Competitive Landscape
10.1 Mergers and Acquisitions
10.2 Joint Ventures, Collaborations, and Agreements
10.3 Strategies Adopted by Leading Players
11.1 Contact Us
*List not exhaustive
**Subject to availability to public domain
- Augean plc
- Baker Hughes A GE Co
- GN Solids Control Co. Ltd
- Halliburton Company
- National-Oilwell Varco Inc.
- Shandong Xinhai Mining Technology & Equipment Inc.
- Schlumberger Limited
- Scomi Group Berhad
- Weatherford International Plc
- Terra Oilfield Solutions LLC.