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The offshore drilling market is forecasted to grow by USD 8.18 bn during 2023-2028, accelerating at a CAGR of 4.42% during the forecast period. The report on the offshore drilling market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in demand for oil and natural gas, rise in deepwater and ultra-deepwater e and p activities, and rise in unconventional oil and gas resources.
The offshore drilling market is segmented as below:
By Application
- Shallow water
- Deepwater
- Ultra deepwater
By Type
- Jack up rigs
- Semisubmersibles
- Drill ships
- Others
By Geographical Landscape
- North America
- Middle East and Africa
- Europe
- APAC
- South America
The report on the offshore drilling market covers the following areas:
- Offshore drilling market sizing
- Offshore drilling market forecast
- Offshore drilling market industry analysis
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 an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global offshore drilling market: AP Moller Maersk AS, Archer Ltd., Baker Hughes Co., China National Offshore Oil Corp., Eni SpA, Halliburton Co., Hercules Offshore Inc., KCA Deutag Alpha Ltd., Loews Corp., Nabors Industries Ltd., Noble Corp. Plc, Pacific Drilling Co., Parker Drilling Co., Saudi Arabian Oil Co., Schlumberger Ltd., Seadrill Ltd., Sembcorp Marine Ltd., Transocean Ltd., Valaris Ltd., and Weatherford International Plc.Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is declining costs of offshore projects.'
According to the report, one of the major drivers for this market is the growth in demand for oil and natural gas.
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.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AP Moller Maersk AS
- Archer Ltd.
- Baker Hughes Co.
- China National Offshore Oil Corp.
- Eni SpA
- Halliburton Co.
- Hercules Offshore Inc.
- KCA Deutag Alpha Ltd.
- Loews Corp.
- Nabors Industries Ltd.
- Noble Corp. Plc
- Pacific Drilling Co.
- Parker Drilling Co.
- Saudi Arabian Oil Co.
- Schlumberger Ltd.
- Seadrill Ltd.
- Sembcorp Marine Ltd.
- Transocean Ltd.
- Valaris Ltd.
- Weatherford International Plc
