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Overview and technologies of Drilling for Offshore Oil and Gas

Press Release   •   Sep 04, 2010 12:32 IST

HTML clipboardDrilling for Offshore Oil and Gas (Global)

Offshore drilling represents nearly 50% of offshore capex within the global E&P business. This report has been prepared in recognition of drilling's importance to the turnover of almost every oil and gas company and service provider working in the sector. Drilling has a fundamental role in the location and extraction of all the oil and gas production that can be realized from offshore locations. ( )

Scope of this research

Insight on the global drilling services market and its evolution in the current environment from both an operational and expenditure perspective.
Forecasts of the number of wells to be drilled by region and the likely level of expenditure required to fulfil predicted levels of activity.
An overview of drilling equipment and processes and a description of how the associated technologies are costed and allocated to various well types.
Analysis of individual offshore areas and their role in the future growth of the drilling sector and rig market.

Research and analysis highlights

Global offshore drilling activity will be fully recovered by 2011. It will stabilise in 2010, will return to growth in 2011 and will grow rapidly in the subsequent two years.

The prospects for the recovery in drilling numbers vary considerably across geographic regions, with deepwater drilling continuing to be the main driver for expanding levels of activity in the market.

Nearly 18,000 offshore wells were drilled around the world over the last five years, with numbers peaking in 2007. Around $291 billion was spent on this activity. The amount of spend is likely to grow by at least 25% over the period to 2014.

Key reasons to purchase this research

Develop a drilling investment strategy targeted around Exploration and Production hotspots.
Evaluate likely technology driven growth opportunities created by the medium term evolution of the drilling sector.
Analyse how drilling spending patterns will vary between different technology sectors and geographies over a five-year forecast period.

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