Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Offshore Drilling Market to reach USD 166.9 billion by 2027.

Global Offshore Drilling Market Size study, by Service Type (Contract Drilling, Directional Drilling, Logging While Drilling, Measurement While Drilling), by Application (Shallow Water, Deep Water, Ultra-Deep Water) and Regional Forecasts 2021-2027

Product Code:
Publish Date: 20-01-2022
Page: 200

Global Offshore Drilling Market is valued at approximately USD 102.59 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7.2 % over the forecast period 2021-2027. Offshore drilling is a mechanical process that is performed to discover the extracted petroleum that is found in the form of rock beneath the seabed. In general, it is the drilling activities on the continental shelf, or drilling in lakes, inshore waters, and inland seas. The growing reach to deep water and ultra-deep water, rising investments in offshore discoveries, rapid technological developmnets, as well as the execution of stringent onshore drilling projects by the regulatory bodies, is amplifying the demand for offshore drilling activities. For instance, in January 2020, Transocean received a large number of offshore drilling contracts worth USD 352.9 million subsequent to the company’s October 2019 report. As per the company statement, the demand for offshore drilling in ultra-deep water exhibits a huge growth prospect in the near future. However, the capital intensive, and collision of oil price impede the growth of the market over the forecast period of 2021-2027. Also, the rising focus on artic discoveries tied with the growing investments in exploration & production (E&P) activities are likely to increase the market growth during the forecast period.

The regional analysis of the global Offshore Drilling market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to the increasing number of offshore activities majorly in regions like China, Thailand, India, Indonesia and Australia. Whereas, Middle East and Africa are also anticipated to exhibit a considerable growth rate over the forecast period 2021-2027. Factors such as the presence of the world’s largest gas reserve and the discoveries of oil and gas reserves across the Eastern Mediterranean Sea would create lucrative growth prospects for the Offshore Drilling market across the MEA region.
Major market players included in this report are:
China Oilfield Services Ltd.
Pacific Drilling
Nabors Industries Ltd
Aban Offshore Limited
Weatherford International Inc
Ensco plc
Diamond Offshore Drilling Inc.
Vantage Drilling Co.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Service Type:
Contract Drilling
Directional Drilling
Logging While Drilling
Measurement While Drilling
By Application:
Shallow Water
Deep Water
Ultra-Deep Water
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Offshore Drilling Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Global Offshore Drilling Market, by Region, 2019-2027 (USD Billion)
1.2.2. Global Offshore Drilling Market, by Service Type, 2019-2027 (USD Billion)
1.2.3. Global Offshore Drilling Market, by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Offshore Drilling Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Offshore Drilling Market Dynamics
3.1. Offshore Drilling Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Increasing investments in offshore discoveries Rapid technological developments
3.1.2. Market Challenges Capital Intensive Collision of Oil Price
3.1.3. Market Opportunities Rising focus on the artic discoveries
Chapter 4. Global Offshore Drilling Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Offshore Drilling Market, by Service Type
6.1. Market Snapshot
6.2. Global Offshore Drilling Market by Service Type, Performance – Potential Analysis
6.3. Global Offshore Drilling Market Estimates & Forecasts by Service Type, 2018-2027 (USD Billion)
6.4. Offshore Drilling Market, Sub Segment Analysis
6.4.1. Contract Drilling
6.4.2. Directional Drilling
6.4.3. Logging While Drilling
6.4.4. Measurement While Drilling
Chapter 7. Global Offshore Drilling Market, by Application
7.1. Market Snapshot
7.2. Global Offshore Drilling Market by Application, Performance – Potential Analysis
7.3. Global Offshore Drilling Market Estimates & Forecasts by Application, 2018-2027 (USD Billion)
7.4. Offshore Drilling Market, Sub Segment Analysis
7.4.1. Shallow Water
7.4.2. Deep Water
7.4.3. Ultra-Deep Water
Chapter 8. Global Offshore Drilling Market, Regional Analysis
8.1. Offshore Drilling Market, Regional Market Snapshot
8.2. North America Offshore Drilling Market
8.2.1. U.S. Offshore Drilling Market Service Type breakdown estimates & forecasts, 2018-2027 Application breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Offshore Drilling Market
8.3. Europe Offshore Drilling Market Snapshot
8.3.1. U.K. Offshore Drilling Market
8.3.2. Germany Offshore Drilling Market
8.3.3. France Offshore Drilling Market
8.3.4. Spain Offshore Drilling Market
8.3.5. Italy Offshore Drilling Market
8.3.6. Rest of Europe Offshore Drilling Market
8.4. Asia-Pacific Offshore Drilling Market Snapshot
8.4.1. China Offshore Drilling Market
8.4.2. India Offshore Drilling Market
8.4.3. Japan Offshore Drilling Market
8.4.4. Australia Offshore Drilling Market
8.4.5. South Korea Offshore Drilling Market
8.4.6. Rest of Asia Pacific Offshore Drilling Market
8.5. Latin America Offshore Drilling Market Snapshot
8.5.1. Brazil Offshore Drilling Market
8.5.2. Mexico Offshore Drilling Market
8.6. Rest of The World Offshore Drilling Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Halliburton Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. China Oilfield Services Ltd.
9.2.3. Pacific Drilling
9.2.4. Schlumberger
9.2.5. Nabors Industries Ltd
9.2.6. Aban Offshore Limited
9.2.7. Weatherford International Inc
9.2.8. Ensco plc
9.2.9. Diamond Offshore Drilling Inc.
9.2.10. Vantage Drilling Co.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.
Enquiry Now