Oil and Mineral Exploration Drilling in Australia - Industry Market Research Report

Diamond in the rough: Despite cost pressures, critical mineral demand unearths new growth frontiers

Oil and mineral exploration drilling demand has been highly volatile in recent years. This industry is among the riskiest of the wider mining industry, since companies are looking for new economically viable resource deposits. Greenfield exploration's annual expenditure fluctuates significantly, in line with small mining firms' ability to access capital. Demand for these services tends to fall when mining sentiment weakens.

Industry companies provide exploratory drilling services for oil, gas and mineral exploration and mining firms. Mining companies contract exploration drilling companies to carry out these services for greenfield mining. Many industry firms also supply drilling services for brownfield projects, but these activities are excluded from the industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.