Global Offshore Drilling (Contract Drilling, Directional Drilling and Logging while Drilling) Market - Trends & Forecasts to 2019

DUBLIN, Sept. 22, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Offshore Drilling Market by Services, Applications & by Geography - Global Trends & Forecasts to 2019" report to their offering.

http://photos.prnewswire.com/prnh/20130307/600769

Offshore drilling market has been witnessing high growth, due to increase demand and high oil prices in the international market.Exploration and development activities offshore have been increasing owing to technological advancements. The report categorizes offshore drilling market, by geography and by services, including contract drilling, directional drilling and logging while drilling.By application it covers shallow water, deep water and ultra-deepwater.

The offshore drilling market is estimated to reach about $134.02 Billion by 2019, signifying a firm growth rate of over 10.6% from 2014 to 2019. The contract drilling services has the highest share in the global offshore drilling services market.

Geographically, the market has been studied for different regions such as North America, Asia-Pacific, South America, The Middle East, Europeand Africa. The increasing investment in deep and ultra-deepwater activities makes the Asia-Pacific the largest market in terms of value for 2013, followed by the North America and South America. Brazil offshore has been a lucrative market for the offshore exploration and production investments. The offshore drilling marketin terms of value has been evaluated in with respect toservices and applications, and geography.

Most of the companies mainly relied on growth strategies such as contract agreements, mergers & acquisition, new product launch, and expansions in diversified geographic areas. Deep and ultra-deepwater oil and gas production is more challenging than onshoreexploration and production due to the remote and harsher environment, which in-turn makes technologically advancement and cost effective offshore drilling solutions a key strategy for companies providing offshore drilling services solutions.

The growth in the reliable subsea production and processing systems, increasing subsea infrastructure requirements, growing deep and ultra-deepwater reserves are some of the factors driving the current and future growth of the offshore drilling market. The report also covers upcoming contracted and future contracted offshore Jack-up rigs, Drillships, and Semisubmersibles.

The report also covers leading drilling service providers such as Baker Hughes Inc. (U.S.), Halliburton Co. (U.S.), Schlumberger Ltd. (U.S.), Weatherford (Switzerland), and others. Also, offshore contract drilling service providers such as Transocean (Switzerland), Ensco (U.K.), Seadrill (Bermuda), Noble Corporation (U.K.), Maersk Drilling (Denmark), and others.

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Premium Insights

4 Market Overview

5 An Overview Of The Offshore Oil & Gas Industry

6 Offshore Drilling Rig Market

7 Global Offshore Drilling Market, By Services

8 Global Offshore Drilling Market, By Geography

9 Global Offshore Drilling Market, By Application

10 Company Profiles

11 Competitive Landscape

Companies Mentioned:

• Atwood Oceanics Inc.
• Baker Hughes Inc.
• China Oilfield Services Limited
• Diamond Offshore Drilling Inc.
• Ensco International Inc.
• Halliburton Company
• Kca Deutag
• Maersk Drilling
• Nabors Industries Ltd
• Noble Corporation
• Rowan Companies Plc
• Schlumberger Limited
• Seadrill Ltd.
• Transocean Ltd.
• Weatherford International Ltd

For more information visit http://www.researchandmarkets.com/research/jkp7ml/offshore_drilling

Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net