DUBLIN, Feb .16, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/8r4743/global_offshore) has announced the addition of the "Global Offshore Oil and Gas Market 2015-2019" report to their offering.
The Global Offshore Oil market and the Global Offshore Gas market to grow at a CAGR of 2.7% and 1.9%, respectively, over the period 2014-2019
The Global Offshore Oil and Gas market is segmented into two types based on the type of drilling activity: Shallow Water Drilling and Deep Water Drilling. The offshore drilling activity that takes place in a range of 0-650 feet comes under shallow water drilling, and drilling activity beyond 650 feet is categorized as deep water drilling.
One major trend being witneesed in this market are the rapid advances in technology in the market. Market players invest huge amounts of funding to improve offshore oil and gas exploration technology. These advances in technology include unlocking the potential of offshore oil and gas, the development and determination of reserves, well log interpretation, and the development of well-simulation models.
According to the report, one of the main drivers in this market is the exhaustion of onshore oil reserves. In recent years, depleting onshore oil reserves have resulted in a shift from onshore to offshore reserves such as deep-water and ultra-deep-water reserves to increase oil and gas production.
Further, the report states that one of the major challenges confronting the market is the growing environmental concerns relating to offshore drilling. Offshore drilling activities could increase the chances of oil spills and leakages, which could have a disastrous impact on the marine ecosystem.
- Royal Dutch Shell
Other Prominent Vendors
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Type of Offshore Drilling
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/8r4743/global_offshore
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SOURCE Research and Markets