Offshore Deep Drilling Market

Offshore Deep Drilling Market Size and Growth Rate:

As per the latest reports published by Research Cosmos, Offshore Deep Drilling Market is expected to grow at a CAGR of 4.35% during the forecast period 2017 to 2021.

Offshore Deep Drilling Market Growth Drivers, Challenges and Opportunities:

Increase in demand for oil and gas as well as other petroleum products together with high oil prices across the globe has compelled market players to make huge investments and search for new offshore reserves of oil and gas. New technologies related to offshore drilling will create significant opportunities for the market. Increasing crude oil and petrochemical consumption across various industries such as plastics, energy, transportation, textiles, and paints & coatings is expected to drive exploration activities in offshore sites.

However, Offshore Deep Drilling has a few major drawbacks. It affects the surrounding environment and damages the flora fauna of the land and water that is in close association. 

Offshore Deep Drilling Market – Geographical Presence:

Geographically the Offshore Deep Drilling Market is segmented into North America, South America, Europe, Asia Pacific and Middle East and Africa. Increasing supply-demand gap on account of unstable political conditions in Middle East and North Africa are driving exploration activities towards Eastern Europe and North America, which in turn is expected to have a positive impact on global market.

Leading Players of Offshore Deep Drilling Market Profiled in the report are:

1. Baker Hughes Inc.
2. Weatherford
3. Halliburton Co.
4. Schlumberger Ltd.
5. Ensco
6. Transocean
7. Seadrill
8. Maersk Drilling
9. Noble Corporation

Detailed Segmentation of Offshore Deep Drilling Market:

Offshore Deep Drilling Market Analysis – By Types:

• Deep-Water Drilling
• Ultra-Deep-Water Drilling
• Shallow Drilling

Offshore Deep Drilling Market Analysis – By Services:

• Offshore Contract Drilling
• Directional Drilling
• Logging While Drilling
• Subsea Production and Processing

Offshore Deep Drilling Market Analysis – By Region:

• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa