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

GBI Research
Published Date » 2011-12-31
No. Of Pages » 88

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

Reasons to buy

The report will enhance your decision making capability. It will allow you to - 

  • Develop business strategies with the help of specific insights about the global offshore drilling industry. 
  • Identify key trends and challenges in the global offshore drilling industry. 
  • Increase future revenues and profitability with the help of insights on the expected demand-supply scenario with regards to the offshore drilling industry. 
  • Benchmark your operations and strategies using key insights from the major current and expected business developments with regards to the offshore drilling industry
Table of Contents

1 Table of Contents
1 Table of Contents 6
1.1 List of Tables 8
1.2 List of Figures 8

2 Offshore Drilling Industry to 2016 9
2.1 GBI Research Report Guidance 9

3 Introduction to the Offshore Drilling Industry 10
3.1 Significance of Offshore Drilling and Major Offshore Areas Worldwide 11
3.2 Impact of the Offshore Exploration Business on the Offshore Drilling Business 11
3.3 Importance of Various Local Governmental and Private Regulations Influencing the Offshore Exploration and Drilling Business 12
3.4 Offshore Drilling Business Development and Key Bid Evaluation Criteria (BEC) 12
3.4.1 Technical Suitability 12
3.4.2 Price 12
3.4.3 Availability 12
3.5 The Offshore Drilling Industry and Its Role as Part of the Upstream Oil and Gas Industry Value Chain 13
3.6 Types of Rigs and Support Services 13
3.6.1 Mobile Bottom-supported Rigs 13
3.6.2 Floating Rigs 14
3.6.3 Key Technologies Used as Supporting Mechanisms in Floating Rigs 14
3.6.4 Subsea Production and Processing Systems 15
3.7 Offshore Drilling Technology Concepts 15
3.7.1 Exploratory Wells 15
3.7.2 Appraisal Wells 15
3.7.3 Development Wells 15
3.7.4 Deepwater Drilling 15
3.7.5 Rotary Drilling Procedures 15
3.8 Key Allied Segments Supplementing the Core Offshore Drilling Business 17
3.8.1 Oilfield Services 17
3.8.2 Geo-scientific Support Services 17
3.8.3 Rig Support Services 17
3.8.4 Engineering and Equipment Support Services 17

4 Key Trends and Challenges for the Global Offshore Drilling Industry 18
4.1 Key Drivers for the Global Offshore Drilling Industry 18
4.1.1 Strong Initiatives by the Australian Government to Encourage LNG Usage Are Expected to Further Boost the Offshore Exploration and Drilling Industry in Australia 18
4.1.2 Rising Demand for Hydrocarbons Is Expected to Boost Offshore Drilling in Geographically Challenging and Remote Regions Such as the Arctic Sea 18
4.1.3 Stringent Policies by Regulatory Bodies are Expected to Improve Offshore Drilling Operations With Regards to Meticulous Compliance with Environment and Safety Norms 19
4.1.4 Offshore Drilling Rig Growth will Shift towards Growing Markets like Southeast Asia and South Asia 20
4.1.5 Increasing Trend towards Deep and Ultra-deep Water Exploration and Production is Driving the Growth of the Offshore Drilling Industry 20
4.1.6 Rapid Technology Advances are a Key Driver of the Development of the Offshore Drilling Industry 21
4.1.7 Growth in Oil and Gas Demand in the Long-term and the Increase in Offshore Oil and Gas Production are Driving the Growth of the Offshore Drilling Industry 22
4.2 Major Challenges for the Offshore Drilling Industry 22
4.2.1 Tougher Offshore Regulations by Governments Could Possibly Hamper the Speed of Offshore Drilling Operations 22
4.2.2 Political Tensions Could Hamper Offshore Oil and Gas Drilling in Specific Regions 23

5 Current Status of Worldwide Offshore Rigs and Expected Newbuilds 24

6 Global Offshore Drilling Expenditure Forecasts to 2016 42

6.1 Global Offshore Drilling Expenditure Forecasts to 2016 42
6.2 Offshore Drilling Expenditure Forecasts to 2016, by Region 44
6.3 Profiles of Major Offshore Drilling Contractors 46
6.3.1 Transocean Ltd. 46
6.3.2 Noble Corporation 46
6.3.3 Diamond Offshore Drilling 46
6.3.4 Ensco International 46
6.3.5 Seadrill 46

7 Offshore Drilling Expenditure Forecasts to 2016, By Region 47
7.1 Offshore Drilling Expenditure Forecasts to 2016, Asia Pacific 47
7.1.1 Asia Pacific Offshore Drilling, 2000-2016, Shallow Water Drilling Expenditure 50
7.1.2 Asia Pacific Offshore Drilling, 2000-2016, Deepwater Drilling Expenditure 52
7.1.3 Asia Pacific, Top Offshore Blocks, H1 2011 54
7.2 Offshore Drilling Expenditure Forecasts to 2016, Europe 56
7.2.1 Europe Offshore Drilling, 2000-2016, Shallow Water Drilling Expenditure 58
7.2.2 Europe Offshore Drilling, 2000-2016, Deepwater Drilling Expenditure 60
7.2.3 Europe, Top Offshore Blocks, H1 2011 62
7.3 Offshore Drilling Expenditure Forecasts to 2016, Middle East and Africa 64
7.3.1 Middle East and Africa Offshore Drilling, 2000-2016, Shallow Water Drilling Expenditure 66
7.3.2 Middle East and Africa Offshore Drilling, 2000-2016, Deepwater Drilling Expenditure 68
7.3.3 Middle East and Africa, Top Offshore Blocks, H1 2011 70
7.4 Offshore Drilling Expenditure Forecasts to 2016, North America 72
7.4.1 North America Offshore Drilling, 2000-2016, Shallow Water Drilling Expenditure 74
7.4.2 North America Offshore Drilling, 2000-2016, Deepwater Drilling Expenditure 76
7.4.3 North America, Top Offshore Blocks, H1 2011 78
7.5 Offshore Drilling Expenditure Forecasts to 2016, South and Central America 79
7.5.1 South and Central America Offshore Drilling, 2000-2016, Shallow Water Drilling Expenditure 81
7.5.2 South and Central America Offshore Drilling, 2000-2016, Deepwater Drilling Expenditure 83
7.5.3 South and Central America, Top Offshore Blocks, H1 2011 85

8 Appendix 86
8.1 Abbreviations 86
8.2 Market Definition 86
8.3 Methodology 86
8.3.1 Coverage 87
8.3.2 Secondary Research 87
8.3.3 Primary Research 87
8.3.4 Expert Panel Validation 87
8.4 Contact Us 88
8.5 Disclaimer 88

List of Tables


Table 1: Key Offshore Rig Segments and Expected Newbuilds, as of Q3 2011 24
Table 2: Current Worldwide Fleet in Operation, Jack-up Rigs, by Rig Name, Rig Manager and Current Region of Deployment 24
Table 3: Current Worldwide Fleet in Operation, Semisubmersible Rigs, by Rig Name, Rig Manager and Current Region of Deployment 35
Table 4: Current Worldwide Fleet in Operation, Drillships, by Rig Name, Rig Manager and Current Region of Deployment 40
Table 5: Offshore Drilling Expenditure, Global, by Region, $bn, 2000-2016 45
Table 6: Offshore Drilling Expenditure, Asia Pacific, $bn, 2000-2016 49
Table 7: Offshore Drilling Expenditure, Shallow Water, Asia Pacific, $bn, 2000-2016 51
Table 8: Offshore Drilling Expenditure, Deepwater, Asia Pacific, $bn, 2000-2016 53
Table 9: Top Offshore Blocks, by Acreage, Asia Pacific, H1 2011 55
Table 10: Offshore Drilling Expenditure, Europe, $bn, 2000-2016 57
Table 11: Offshore Drilling Expenditure, Shallow Water, Europe, $bn, 2000-2016 59
Table 12: Offshore Drilling Expenditure, Deepwater, Europe, $bn, 2000-2016 61
Table 13: Top Offshore Blocks, Europe, H1 2011 63
Table 14: Offshore Drilling Expenditure, Middle East and Africa, $bn, 2000-2016 65
Table 15: Offshore Drilling Expenditure, Shallow Water, Middle East and Africa, $bn, 2000-2016 67
Table 16: Offshore Drilling Expenditure, Deepwater, Middle East and Africa, $bn, 2000-2016 69
Table 17: Top Offshore Blocks, Middle East and Africa, H1 2011 71
Table 18: Offshore Drilling Expenditure, North America, $bn, 2000-2016 73
Table 19: Offshore Drilling Expenditure, Shallow water, North America, $bn, 2000-2016 75
Table 20: Offshore Drilling Expenditure, Deepwater, North America, $bn, 2000-2016 77
Table 21: Top Offshore Blocks, North America, H1 2011 78
Table 22: Offshore Drilling Expenditure, South and Central America, 2000-2016 80
Table 23: Offshore Drilling Expenditure, Shallow Water, South and Central America, 2000-2016 82
Table 24: Offshore Drilling Expenditure, Deepwater, South and Central America, 2000-2016 84
Table 25: Top Offshore Blocks, South and Central America, H1 2011 85
Table 26: Abbreviations 86

List of Figures


Figure 1: Offshore Drilling Expenditure, Global, $bn, 2000-2016 43
Figure 2: Offshore Drilling Expenditure, Global, by Region, $bn, 2000-2016 44
Figure 3: Offshore Drilling Expenditure, Asia Pacific, $bn, 2000-2016 48
Figure 4: Offshore Drilling Expenditure, Shallow Water, Asia Pacific, $bn, 2000-2016 50
Figure 5: Offshore Drilling Expenditure, Deepwater, Asia Pacific, $bn, 2000-2016 52
Figure 6: Top Offshore Blocks, by Acreage, Asia Pacific, H1 2011 54
Figure 7: Offshore Drilling Expenditure, Europe, $bn, 2000-2016 56
Figure 8: Offshore Drilling Expenditure, Shallow Water, Europe, $bn, 2000-2016 58
Figure 9: Offshore Drilling Expenditure, Deepwater, Europe, $bn, 2000-2016 60
Figure 10: Top Offshore Blocks, Europe, H1 2011 62
Figure 11: Offshore Drilling Expenditure, Middle East and Africa, $bn, 2000-2016 64
Figure 12: Offshore Drilling Expenditure, Shallow Water, Middle East and Africa, $bn, 2000-2016 66
Figure 13: Offshore Drilling Expenditure, Deepwater, Middle East and Africa, $bn, 2000-2016 68
Figure 14: Top Offshore Blocks, Middle East and Africa, H1 2011 70
Figure 15: Offshore Drilling Expenditure, North America, $bn, 2000-2016 72
Figure 16: Offshore Drilling Expenditure, Shallow water, North America, $bn, 2000-2016 74
Figure 17: Offshore Drilling Expenditure, Deepwater, North America, $bn, 2000-2016 76
Figure 18: Top Offshore Blocks, North America, H1 2011 78
Figure 19: Offshore Drilling Expenditure, South and Central America, 2000-2016 79
Figure 20: Offshore Drilling Expenditure, Shallow Water, South and Central America, 2000-2016 81
Figure 21: Offshore Drilling Expenditure, Deepwater, South and Central America, 2000-2016 83
Figure 22: Top Offshore Blocks, South and Central America, H1 2011 85

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