Offshore Drilling Global Market Report 2024

Global Offshore Drilling Market Report 2024

Offshore Drilling Global Market Report 2024 – By Services (Contract Drilling, Directional Drilling, Logging While Drilling, Measurement While Drilling), By Platform (Jack-Up Rigs, Floating, Semisubmersibles, Drillships, Other Platforms), By Application (Ultra-Deep Water Drilling, Shallow Water Drilling, Deep Water Drilling) – Market Size, Trends, And Global Forecast 2024-2033

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Offshore Drilling Global Market Report 2024

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Global Offshore Drilling Market Infographic

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Offshore Drilling Market Definition

Offshore drilling refers to the process of extracting oil or natural gas from beneath the seabed using drilling rigs located off the coast, typically in deep waters. It involves specialized equipment and techniques to drill through the ocean floor and access underwater reservoirs for energy production. Offshore drilling plays a significant role in global energy supply, particularly in regions rich in hydrocarbon resources offshore.

The main types of offshore drilling are contract drilling, directional drilling, logging while drilling, and measurement while drilling. Contract drilling refers to the process where a drilling contractor provides drilling services and equipment to oil and gas companies on a contractual basis, usually for a specified duration or project. The different platforms include jack-up rigs, floating semisubmersibles, drillships, and others, and are used in various applications including ultra-deepwater drilling, shallow-water drilling, and deepwater drilling.

Offshore Drilling Market Segmentation

The offshore drilling market covered in this report is segmented –

1) By Services: Contract Drilling, Directional Drilling, Logging While Drilling, Measurement While Drilling

2) By Platform: Jack-Up Rigs, Floating, Semisubmersibles, Drillships, Other Platforms

3) By Application: Ultra-Deep Water Drilling, Shallow Water Drilling, Deep Water Drilling

Global Offshore Drilling Market Size 2023 to 2028: Graph

Offshore Drilling Market Size 2024 And Growth Rate

The offshore drilling market size has grown strongly in recent years. It will grow from $30.98 billion in 2023 to $33.53 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to deepwater discoveries, development of offshore infrastructure, economic growth increasing energy consumption, depletion of onshore reserves, and skilled workforce availability.

Offshore Drilling Market Growth Forecast

The offshore drilling market size is expected to see strong growth in the next few years. It will grow to $46.27 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to enhanced energy security investment in offshore drilling, improvements in supply chain logistics, access to funding and investment, climate change policies, and adoption of higher safety standards. Major trends in the forecast period include the use of digital technologies, integration with renewable energy projects, shift to ultra-deepwater drilling, advances in seismic imaging, and adoption of digital twin technology.

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Offshore Drilling Market Driver: Rising Demand For Natural Gas And Oil Boosts Offshore Drilling Market Growth

The rise in demand for natural gas and oil is expected to propel the growth of the offshore drilling market going forward. Natural gas and oil refer to fossil fuels used as primary energy sources for heating, electricity generation, and transportation, playing a crucial role in the global energy supply. The rise in demand for natural gas and oil is driven by increasing energy needs, economic growth, and the transition towards cleaner-burning fuels in power generation and transportation. Offshore drilling enables the extraction of natural oil and gas deposits located beneath the ocean floor, expanding access to offshore reserves and thereby increasing the overall production of oil and gas. For instance, in April 2024, according to the Energy Information Administration, a US-based government agency, at the end of 2022, U.S. crude oil and lease condensate proved reserves increased by 9%, rising from 44.4 billion barrels to 48.3 billion barrels. Similarly, U.S. natural gas proved reserves grew by 10%, reaching a record 691.0 trillion cubic feet (Tcf) in 2022, up from 625.4 Tcf in 2021. Therefore, the rise in demand for natural gas and oil is driving the growth of the offshore drilling market.

Global Offshore Drilling Market Major Players

Major companies operating in the offshore drilling market are Schlumberger NV, Baker Hughes Company, Halliburton Company, Saipem S.p.A., NOV Inc., TechnipFMC plc, China Oilfield Services Limited, Subsea 7 S.A., Keppel Corporation, Weatherford International plc, Aker Solutions ASA, Nabors Industries Limited, Petrofac Limited, Transocean Ltd., Oceaneering International Inc., Valaris Limited, KCA Deutag, Noble Corporation plc, Diamond Offshore Drilling Inc., Seadrill, Shelf Drilling Holdings Ltd., Borr Drilling, Pacific Drilling S.A., Odfjell Drilling Ltd., Lamprell plc, Vantage Drilling International, CIMC Raffles Offshore Engineering Pte Ltd

Global Offshore Drilling Market Trend: Development Of Autonomous Offshore Drilling

Major companies operating in the offshore drilling market are focusing on integrating robotics and artificial intelligence with drilling solutions to gain a competitive edge. Robotics and artificial intelligence (AI) refer to the integration of automated machines with advanced algorithms to perform tasks that typically require human intelligence and dexterity. For instance, in January 2024, Schlumberger, a US-based oilfield services company, launched autonomous drilling operations on the Peregrino C platform with the Delfi digital platform in collaboration with Equinor, a Norway-based petroleum refining company, to enhance operational efficiency, improve safety measures, and optimize overall drilling performance. The platform includes DrillOps and DrillPlan solutions, leveraging cloud-based applications, AI, physics-based science, and seamless data integration to enhance exploration, development, drilling, production, and new energy operations. SLB and Equinor achieved a major milestone in autonomous drilling with 99% of a 2.6-kilometer section drilled autonomously on the Peregrino C platform, enhancing efficiency and reducing costs. The use of SLB's digital drilling solutions significantly improved drilling speed and carbon footprint.

Offshore Drilling Market Merger And Acquisition: ABL Group Acquires Ross Offshore To Enhance Drilling And Well Management Services

In June 2024, ABL Group ASA, a Norway-based engineering services company, acquired Ross Offshore for $9.3 million. The acquisition of Ross Offshore by ABL Group's AGR aims to expand technical expertise and operational capacity in drilling project management, well engineering, subsurface evaluations, and marine operations. Ross Offshore is a Norway-based provider of offshore drilling.

Regional Outlook For The Global Offshore Drilling Market

Asia-Pacific was the largest region in the offshore drilling market in 2023. The regions covered in the offshore drilling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the offshore drilling market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The offshore drilling market includes revenues earned by entities by providing services such as drilling, exploration, well intervention, and platform maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The offshore drilling market research report is one of a series of new reports from The Business Research Company that provides offshore drilling market statistics, including offshore drilling industry global market size, regional shares, competitors with an offshore drilling market share, detailed offshore drilling market segments, market trends and opportunities, and any further data you may need to thrive in the offshore drilling industry. This offshore drilling market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Offshore Drilling Market Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$33.53 billion
Revenue Forecast In 2033	$46.27 billion
Growth Rate	CAGR of 8.4% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Services: Contract Drilling, Directional Drilling, Logging While Drilling, Measurement While Drilling 2) By Platform: Jack-Up Rigs, Floating, Semisubmersibles, Drillships, Other Platforms 3) By Application: Ultra-Deep Water Drilling, Shallow Water Drilling, Deep Water Drilling
Regional Scope	Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Schlumberger NV, Baker Hughes Company, Halliburton Company, Saipem S.p.A., NOV Inc., TechnipFMC plc, China Oilfield Services Limited, Subsea 7 S.A., Keppel Corporation, Weatherford International plc, Aker Solutions ASA, Nabors Industries Limited, Petrofac Limited, Transocean Ltd., Oceaneering International Inc., Valaris Limited, KCA Deutag, Noble Corporation plc, Diamond Offshore Drilling Inc., Seadrill, Shelf Drilling Holdings Ltd., Borr Drilling, Pacific Drilling S.A., Odfjell Drilling Ltd., Lamprell plc, Vantage Drilling International, CIMC Raffles Offshore Engineering Pte Ltd
Customization Scope	Request for Sample
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1. Executive Summary

2. Offshore Drilling Market Characteristics

3. Offshore Drilling Market Trends And Strategies

4. Offshore Drilling Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Offshore Drilling Market Size and Growth

5.1. Global Offshore Drilling Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Offshore Drilling Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Offshore Drilling Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Offshore Drilling Market Segmentation

6.1. Global Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Contract Drilling

Directional Drilling

Logging While Drilling

Measurement While Drilling

6.2. Global Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Jack-Up Rigs

Floating

Semisubmersibles

Drillships

Other Platforms

6.3. Global Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Ultra-Deep Water Drilling

Shallow Water Drilling

Deep Water Drilling

7. Offshore Drilling Market Regional And Country Analysis

7.1. Global Offshore Drilling Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Offshore Drilling Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Offshore Drilling Market

8.1. Asia-Pacific Offshore Drilling Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Offshore Drilling Market

9.1. China Offshore Drilling Market Overview

9.2. China Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Offshore Drilling Market

10.1. India Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Offshore Drilling Market

11.1. Japan Offshore Drilling Market Overview

11.2. Japan Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Offshore Drilling Market

12.1. Australia Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Offshore Drilling Market

13.1. Indonesia Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Offshore Drilling Market

14.1. South Korea Offshore Drilling Market Overview

14.2. South Korea Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Offshore Drilling Market

15.1. Western Europe Offshore Drilling Market Overview

15.2. Western Europe Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Offshore Drilling Market

16.1. UK Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Offshore Drilling Market

17.1. Germany Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Offshore Drilling Market

18.1. France Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.3. France Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Offshore Drilling Market

19.1. Italy Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.3. Italy Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Offshore Drilling Market

20.1. Spain Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.3. Spain Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Offshore Drilling Market

21.1. Eastern Europe Offshore Drilling Market Overview

21.2. Eastern Europe Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Offshore Drilling Market

22.1. Russia Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Offshore Drilling Market

23.1. North America Offshore Drilling Market Overview

23.2. North America Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Offshore Drilling Market

24.1. USA Offshore Drilling Market Overview

24.2. USA Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Offshore Drilling Market

25.1. Canada Offshore Drilling Market Overview

25.2. Canada Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Offshore Drilling Market

26.1. South America Offshore Drilling Market Overview

26.2. South America Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Offshore Drilling Market

27.1. Brazil Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Offshore Drilling Market

28.1. Middle East Offshore Drilling Market Overview

28.2. Middle East Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Offshore Drilling Market

29.1. Africa Offshore Drilling Market Overview

29.2. Africa Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Offshore Drilling Market Competitive Landscape And Company Profiles

30.1. Offshore Drilling Market Competitive Landscape

30.2. Offshore Drilling Market Company Profiles

30.2.1. Schlumberger NV

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Baker Hughes Company

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Halliburton Company

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Saipem S.p.A.

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. NOV Inc.

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Offshore Drilling Market Other Major And Innovative Companies

31.1. TechnipFMC plc

31.2. China Oilfield Services Limited

31.3. Subsea 7 S.A.

31.4. Keppel Corporation

31.5. Weatherford International plc

31.6. Aker Solutions ASA

31.7. Nabors Industries Limited

31.8. Petrofac Limited

31.9. Transocean Ltd.

31.10. Oceaneering International Inc.

31.11. Valaris Limited

31.12. KCA Deutag

31.13. Noble Corporation plc

31.14. Diamond Offshore Drilling Inc.

31.15. Seadrill

32. Global Offshore Drilling Market Competitive Benchmarking

33. Global Offshore Drilling Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Offshore Drilling Market

35. Offshore Drilling Market Future Outlook and Potential Analysis

35.1 Offshore Drilling Market In 2028 - Countries Offering Most New Opportunities

35.2 Offshore Drilling Market In 2028 - Segments Offering Most New Opportunities

35.3 Offshore Drilling Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Offshore Drilling Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Offshore Drilling Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: China, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: India, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Japan, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Australia, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Indonesia, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: South Korea, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Western Europe, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: UK, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Germany, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: France, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Italy, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Spain, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Eastern Europe, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Russia, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: North America, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: USA, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: Canada, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: South America, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: Brazil, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Middle East, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Africa, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Schlumberger NV Financial Performance

Table 75: Baker Hughes Company Financial Performance

Table 76: Halliburton Company Financial Performance

Table 77: Saipem S.p.A. Financial Performance

Table 78: NOV Inc. Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Offshore Drilling Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Offshore Drilling Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: China, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: India, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Japan, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Australia, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Indonesia, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: South Korea, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Western Europe, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: UK, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Germany, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: France, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Italy, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Spain, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Eastern Europe, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Russia, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: North America, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: USA, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: Canada, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: South America, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: Brazil, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Middle East, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Africa, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Schlumberger NV Financial Performance

Figure 75: Baker Hughes Company Financial Performance

Figure 76: Halliburton Company Financial Performance

Figure 77: Saipem S.p.A. Financial Performance

Figure 78: NOV Inc. Financial Performance

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Frequently Asked Questions

What is the definition of the offshore drilling market?

How will the offshore drilling market drivers and restraints affect the offshore drilling market dynamics? What forces will shape the offshore drilling industry going forward?

The offshore drilling market major growth driver - Rising Demand For Natural Gas And Oil Boosts Offshore Drilling Market Growth. For further insights on the offshore drilling market, request a sample here

What is the forecast market size or the forecast market value of the offshore drilling market?

The offshore drilling market size has grown strongly in recent years. It will grow from $30.98 billion in 2023 to $33.53 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to deepwater discoveries, development of offshore infrastructure, economic growth increasing energy consumption, depletion of onshore reserves, and skilled workforce availability. The offshore drilling market size is expected to see strong growth in the next few years. It will grow to $46.27 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to enhanced energy security investment in offshore drilling, improvements in supply chain logistics, access to funding and investment, climate change policies, and adoption of higher safety standards. Major trends in the forecast period include the use of digital technologies, integration with renewable energy projects, shift to ultra-deepwater drilling, advances in seismic imaging, and adoption of digital twin technology. For further insights on the offshore drilling market, request a sample here

How is the offshore drilling market segmented?

The offshore drilling market is segmented
1) By Services: Contract Drilling, Directional Drilling, Logging While Drilling, Measurement While Drilling
2) By Platform: Jack-Up Rigs, Floating, Semisubmersibles, Drillships, Other Platforms
3) By Application: Ultra-Deep Water Drilling, Shallow Water Drilling, Deep Water DrillingFor further insights on the offshore drilling market, request a sample here

Which region has the largest share of the offshore drilling market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the offshore drilling market in 2023. The regions covered in the offshore drilling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the offshore drilling market, request a sample here.

Who are the major players in the offshore drilling market?

What are the key trends in the offshore drilling market?

Major trend in the offshore drilling market - Development Of Autonomous Offshore Drilling. For further insights on the offshore drilling market, request a sample here.

What are the major opportunities in the offshore drilling market? What are the strategies for the offshore drilling market?

For detailed insights on the major opportunities and strategies in the offshore drilling market, request a sample here.

How does the offshore drilling market relate to the overall economy and other similar markets?

For detailed insights on offshore drilling market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the offshore drilling industry?

For detailed insights on the mergers and acquisitions in the offshore drilling industry, request a sample here.

What are the key dynamics influencing the offshore drilling market growth? SWOT analysis of the offshore drilling market.

For detailed insights on the key dynamics influencing the offshore drilling market growth and SWOT analysis of the offshore drilling industry, request a sample here.