TechNavio’s analysts forecast the Global Offshore Drilling market will grow at a CAGR of 10.9 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increase in the drilling of offshore oil reserves due to the maturing of onshore oil reserves. The Global Offshore Drilling market has also been witnessing an increase in directional drilling. However, the capital-intensive nature of the market could pose a challenge to the growth of this market.
TechNavio’s report, the Global Offshore Drilling Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the APAC and EMEA regions; it also covers the Global Offshore Drilling market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key vendors dominating this space are Baker Hughes Inc., Ensco plc, Halliburton Co., Schlumberger Ltd., Seadrill Ltd., Transocean Ltd., and Weatherford International Ltd.
The other vendors mentioned in the report are Atwood Oceanics Inc., China Oil Field Services Ltd., Diamond Offshore Drilling Inc., Fred Olsen Energy ASA, Gyrodata Inc., KCA Deutag, Maersk Drilling, Nabors Industries Ltd., Noble Corp., Rowan Companies plc, Scientific Drilling International, and Superior Energy Services.
Key questions answered in this report:
What will the market size be in 2018 and what will be the growth rate?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of each of these key vendors?
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