Offshore Drilling Market to 2023 - Halliburton Company , Schlumberger Limited , Seadrill Limited , Transocean Ltd. , Weatherford International Ltd , Atwoods Oceanics , Baker Hughes Incorporated , China Oilfield Services Limited , Diamond Offshore Drilling
The Offshore Drilling market size will grow from USD 78.95 Billion in 2017 to USD 103.05 Billion by 2023, at an estimated CAGR of 4.54%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
The increase in the global oil and gas production in North America and the Middle East accompanied by the maturing onshore oilfields shifted the focus of operators towards offshore for new E&P activities. However, due to the recent crude oil price slump, offshore drilling companies will see weaker revenues over the next few quarters. This downfall is a result of the spending cuts and increase in demand for better pricing and terms of the contract negotiations and renewals. Offshore drilling companies are likely to face a dip in the demand and pricing for services. These companies are therefore trying to capitalize on scale, improve their operational efficiency and their cost bases.
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Segments of Global Market:
· By Market Players: Halliburton Company , Schlumberger Limited , Seadrill Limited , Transocean Ltd. , Weatherford International Ltd , Atwoods Oceanics , Baker Hughes Incorporated , China Oilfield Services Limited , Diamond Offshore Drilling Inc. , Dolphin Drilling , Ensco PLC. , KCA Deutag , Maersk Drilling , Nabors Industries Ltd , Noble Corporation , Paragon Offshore PLC. , Scientific Drilling International , Superior Energy Services ,
· By Service: Contract Drilling, Directional Drilling, Logging While Drilling, Measurement While Drilling,
· By Application: Shallow, Deepwater, Ultra-Deepwater
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
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Points Covered in The Report:
· The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
· The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
· The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
· Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements.
· The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
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