Offshore Drilling Market

Offshore Drilling Market

Offshore Drilling Market By Service (Offshore Contract Drilling Market, Offshore Directional Drilling Market, Offshore Logging While Drilling Market (LWD), and Offshore Measurement While Drilling (MWD)), By Application (Shallow Water Drilling Market, Deepwater Drilling Market, and Ultra-Deepwater Drilling Market), and By Region – Global Opportunities and Forecast, 2020-2027

GMI Research

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The GMI Research’s market research report is a professional and in-depth study on the current state of the market, which covers numerous aspects of the industry, such as the market size, market status, market trends, and forecast. The market report also offers brief information related to the competitors and the specific growth opportunities with key market drivers.

For Additional Insights, Click to Access Complete Report: https://www.gmiresearch.com/report/offshore-drilling-market/ The Offshore Drilling Market drivers and trends are as follows: The major factors contributing to the growth of the global offshore drilling market include the liberalization of the Mexican oil & gas industry, rising investment in developing economies, and the growing technological advancement globally. The increasing price of crude oil is projected to grow the investment for exploration and production (E&P) activities, which will lead to an upsurge in the number of upcoming projects, thus propelling the demand for offshore drilling. Furthermore, the increasing demand for oil & gas at a global level and the rising focus on deepwater drilling are anticipated to surge the offshore location's drilling activities. The increasing population, followed by growing disposable income, has accelerated natural gas usage for household cooking purposes. The subsidy provided by governments on household LPG usage is a major factor bolstering the natural gas demand. Growing demand for natural gas is also projected to positively influence the market in the upcoming years.

Technological advancement and the rising capacity for investments in infrastructure are projected to accelerate the oilfield drilling activities in the upcoming years. Owing to the presence of vast untapped reserves, the oil & gas companies are changing from shallow-water drilling to ultra-deepwater drilling. On the other hand, oil price variation and capital intensive are hampering the growth of the market. Environmental issues related to deepwater exploration are also projected to hinder the market growth in the upcoming years. On the other edge of the spectrum, environmental issues caused by petrochemical products will restraint market growth.

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Key Benefits of the Report: • This report offers an analytical depiction of the offshore drilling market while providing the current trends and future estimations to determine the imminent investment pockets.

• This study illustrates every relevant information, including the market drivers, restraints, and emerging opportunities, followed by a detailed analysis of the offshore drilling market share.

• The report also provides a detailed offshore drilling market analysis based on competitive intensity and how the competition will take shape over the next six years.

Various companies covered in the Offshore Drilling Market report: • Halliburton Company • Schlumberger Limited • Seadrill Limited • Transocean Ltd. • Weatherford International Ltd. • Atwood Oceanics, Inc. • Baker Hughes Incorporated • China Oilfield Services Limited • Diamond Offshore Drilling Inc. • Dolphin Drilling AS • Maersk Drilling Segmentation of the Offshore Drilling Market: Breakup by Service: • Offshore Contract Drilling Market • Offshore Directional Drilling Market • Offshore Logging While Drilling Market (LWD) • Offshore Measurement While Drilling (MWD) Breakup by Application: • Shallow Water Drilling Market 3

• Deepwater Drilling Market • Ultra-Deepwater Drilling Market Breakup by Region: • North America o United States of America o Canada • Asia Pacific o China o Japan o India o Rest of APAC • Europe o United Kingdom o Germany o France o Spain o Rest of Europe • RoW o Brazil o South Africa o Saudi Arabia o UAE o Rest of the world (remaining countries of the LAMEA region) About GMI Research GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to 4

keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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