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Global Offshore Drilling Market 2019-2023 - Product Image

Global Offshore Drilling Market 2019-2023

  • ID: 4751597
  • Report
  • Region: Global
  • 128 pages
  • TechNavio
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FEATURED COMPANIES

  • Baker Hughes
  • Halliburton
  • National Oilwell Varco
  • Schlumberger
  • TRANSOCEAN
  • Weatherford
  • MORE
As the demand for oil and gas is increasing there is a need to explore and produce from new oil and gas reservoirs. Existing reservoirs have started to mature or have depleted. This has resulted in the Milling of new wells. Therefore, new oil and gas wells are being drilled in countries that have not been major producers. Also, as offshore oil and gas reservoirs are larger than onshore reservoirs and the production life of offshore wells are higher than that of onshore wells companies are shifting towards offshore E&P activities.

The rise in fuel consumption from developing economies such as China and India, the demand for natural gas is expected to propel diming the forecast period. The increasing demand for oil and natural gas will drive the growth of E&P activities of oil and gas. Thus, the rise in demand for oil and gas will increase drilling activities in offshore locations, thereby driving the global offshore drilling market the analysts have predicted that the offshore drilling market will register a CAGR of almost 9% by 2023.

Market Overview

Rise in deepwater and ultra-deepwater E&P activities

Oil and gas upstream companies have been extracting oil and gas from onshore locations for decades. Offshore locations have also been the popular sources of oil and gas E&P. The rise in investments in offshore projects will propel E&P activities in deepwater and ultra-deepwater locations. Hence, the rise in E&P activities in deepwater and ultra-deepwater resources will drive the global offshore drilling market during the forecast period.

Fluctuations in the price of crude oil

Crude oil price fluctuations have an impact on the profitability and performance of upstream oil and gas companies. The uncertainty in crude oil prices will adversely affect the investments in E&P projects and have a negative impact on the growth of the E&P industry. This will limit the drilling activities in offshore locations which will be a challenge to the growth of the global offshore drilling market during the forecast period

For the detailed list of factors that will drive and challenge the growth of the offshore drilling market during the 2019-2023, view this report.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of few vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Baker Hughes
  • Halliburton
  • National Oilwell Varco
  • Schlumberger
  • TRANSOCEAN
  • Weatherford
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
  • Market segmentation by application
  • Comparison by application
  • Shallow water - Market size and forecast 2018-2023
  • Deepwater - Market size and forecast 2018-2023
  • Ultra-deepwater - Market size and forecast 2018-2023
  • Market opportunity by application
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 10: MARKET TRENDS
  • Seizing of funding for E&P activities by World Bank
  • Declining costs of offshore projects
  • Emergence of next-generation automated drilling rigs
PART 11: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 12: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Baker Hughes
  • Halliburton
  • National Oilwell Varco
  • Schlumberger
  • TRANSOCEAN
  • Weatherford
PART 13: APPENDIX
  • Research methodology
  • List of abbreviations
List of Exhibits
Exhibit 01: Years in consideration
Exhibit 02: Global oilfield equipment and services market
Exhibit 03: Segments of global oilfield equipment and services market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ billions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Application - Market share 2018-2023 (%)
Exhibit 19: Comparison by application
Exhibit 20: Shallow water - Market size and forecast 2018-2023 ($ billions)
Exhibit 21: Shallow water - Year-over-year growth 2019-2023 (%)
Exhibit 22: Deepwater - Market size and forecast 2018-2023 ($ billions)
Exhibit 23: Deepwater - Year-over-year growth 2019-2023 (%)
Exhibit 24: Ultra-deepwater - Market size and forecast 2018-2023 ($ billions)
Exhibit 25: Ultra-deepwater - Year-over-year growth 2019-2023 (%)
Exhibit 26: Market opportunity by application
Exhibit 27: Customer landscape
Exhibit 28: Market share by geography 2018-2023 (%)
Exhibit 29: Geographic comparison
Exhibit 30: APAC - Market size and forecast 2018-2023 ($ billions)
Exhibit 31: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 32: MEA - Market size and forecast 2018-2023 ($ billions)
Exhibit 33: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 34: Europe - Market size and forecast 2018-2023 ($ billions)
Exhibit 35: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 36: North America - Market size and forecast 2018-2023 ($ billions)
Exhibit 37: North America - Year-over-year growth 2019-2023 (%)
Exhibit 38: South America - Market size and forecast 2018-2023 ($ billions)
Exhibit 39: South America - Year-over-year growth 2019-2023 (%)
Exhibit 40: Key leading countries
Exhibit 41: Market opportunity
Exhibit 42: Decision framework
Exhibit 43: Impact of drivers and challenges
Exhibit 44: Vendor landscape
Exhibit 45: Landscape disruption
Exhibit 46: Vendors covered
Exhibit 47: Vendor classification
Exhibit 48: Market positioning of vendors
Exhibit 49: Baker Hughes - Vendor overview
Exhibit 50: Baker Hughes - Product segments
Exhibit 51: Baker Hughes - Organizational developments
Exhibit 52: Baker Hughes - Geographic focus
Exhibit 53: Baker Hughes - Segment focus
Exhibit 54: Baker Hughes - Key offerings
Exhibit 55: Halliburton - Vendor overview
Exhibit 56: Halliburton - Business segments
Exhibit 57: Halliburton - Organizational developments
Exhibit 58: Halliburton - Geographic focus
Exhibit 59: Halliburton - Segment focus
Exhibit 60: Halliburton - Key offerings
Exhibit 61: National Oilwell Varco - Vendor overview
Exhibit 62: National Oilwell Varco - Business segments
Exhibit 63: National Oilwell Varco - Organizational developments
Exhibit 64: National Oilwell Varco - Geographic focus
Exhibit 65: National Oilwell Varco - Segment focus
Exhibit 66: National Oilwell Varco - Key offerings
Exhibit 67: Schlumberger - Vendor overview
Exhibit 68: Schlumberger - Business segments
Exhibit 69: Schlumberger - Organizational developments
Exhibit 70: Schlumberger - Geographic focus
Exhibit 71: Schlumberger - Segment focus
Exhibit 72: Schlumberger - Key offerings
Exhibit 73: TRANSOCEAN - Vendor overview
Exhibit 74: TRANSOCEAN - Organizational developments
Exhibit 75: TRANSOCEAN - Geographic focus
Exhibit 76: TRANSOCEAN - Key offerings
Exhibit 77: Weatherford - Vendor overview
Exhibit 78: Weatherford - Business segments
Exhibit 79: Weatherford - Organizational developments
Exhibit 80: Weatherford - Segment focus
Exhibit 81: Weatherford - Key offerings
Exhibit 82: Validation techniques employed for market sizing
Exhibit 83: List of abbreviations
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Baker Hughes
  • Halliburton
  • National Oilwell Varco
  • Schlumberger
  • TRANSOCEAN
  • Weatherford
  • MORE
Global Offshore Drilling Market 2019-2023

The analyst recognizes the following companies as the key players in the global offshore drilling market: Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger, TRANSOCEAN, Weatherford.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the seizing of funding for E&P activities by world bank.”

According to the report, one of the major drivers for this market is the rise in demand for oil and gas will increase drilling activities in offshore locations, thereby driving the global offshore drilling market

Further, the report states that one of the major factors hindering the growth of this market is the environmental concerns are impeding the growth of offshore E&P activities and affecting the market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Baker Hughes
  • Halliburton
  • National Oilwell Varco
  • Schlumberger
  • TRANSOCEAN
  • Weatherford
Note: Product cover images may vary from those shown
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