Offshore Drilling Industry to 2016 - Rapidly Rising Demand for Hydrocarbons Expected to Boost Offshore Drilling in Ultra-Deepwater and Harsh-weather Environments

Summary

GBI Research, a leading business intelligence provider, has released its latest research, Offshore Drilling Industry to 2016 - Rapidly Rising Demand for Hydrocarbons Expected to Boost Offshore Drilling in Ultra-Deepwater and Harsh-weather Environments. The study, which is an offering from the companys Energy Research Group, provides an in-depth analysis of the global offshore drilling industry and highlights various concerns, key trends and challenges, along with major companies in the industry. The report provides forecasts for the offshore drilling industry to 2016. It also provides offshore drilling forecasts worldwide by individual region, and provides comprehensive statistics and key data such as break-up of the offshore drilling expenditure, by water depth. The report also provides in-depth statistics and details on the current offshore rig deployment scenario worldwide, by individual rig name, for every major rig type. The report also provides information on the major offshore drilling companies operating worldwide. The report is built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis by GBI Researchs team of industry experts.

The production from offshore regions accounts for an increasing share of the total world oil and gas production. Offshore crude oil production accounts for around 30% or more of the total global crude oil production. Also, offshore natural gas production accounts for about a quarter of the total world natural gas production.

In the recent decade, the offshore crude oil industry has witnessed consistent growth in production. The global crude oil production from offshore resources is expected to increase in the near future, mainly due to an increase in offshore production from major offshore regions worldwide, such as deepwater US Gulf of Mexico, offshore Brazil, offshore Africa. offshore India, China and Australia, and also offshore regions in the European regions. In the past decade, offshore drilling activity has picked up pace worldwide, as an increased effort to meet energy needs.

The growth of the offshore drilling market is being driven by high demand and rising prices of crude oil and natural gas. However, the global offshore drilling market experienced a temporary slowdown in 2009 as a result of relatively fewer investments by offshore exploration companies in that year, due to the global financial crisis and the subsequent fall in demand. However, the period 2012-2016 for offshore drilling worldwide is expected to be encouraging considering aggressive offshore E&P activity expected in regions worldwide. This is a result of ambitious plans by international oil companies, national oil companies and governments worldwide to boost the search for fresh discoveries of hydrocarbons; with the predicted recovery of the industry from the financial slowdown meaning that drilling expenditure is expected to steadily rise until 2016.

Scope

The report provides in-depth analysis of the major factors affecting the offshore drilling industry worldwide. Its scope includes -
- Global and Regional Industry Overview
- Key trends, drivers, and challenges for the global offshore drilling industry to 2016
- Analysis of the historical offshore drilling expenditure and forecasts to 2016 for the global offshore drilling industry
- Regional forecasts of offshore drilling expenditure, for the period 2000 to 2016, with key information at regional levels
- Current statistics and data of the current offshore rig deployment scenario
- Major company profiles with regard to the offshore drilling industry

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