Drilling For Offshore Oil And Gas Europe And The Former Soviet Union Now Available At Reportsand

Dallas, TX:ReportsandReports announce it will carryDrilling for Offshore Oil and

Gas Europe and the former Soviet Union Market Research Report in its Store.

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Offshore drilling represents nearly 50 per cent of offshore capex within the global E&P business. This report has been prepared in recognition of drilling's importance to the turnover of almost every oil and gas company and service provider working in the sector. Drilling has a fundamental role in the

location and extraction of all the oil and gas production that can be realized from offshore locations.

The report explains, quantifies and costs the offshore drilling market, providing historic drilling and spending trends and forecast trends over the period

2010 to 2014. It presents a series of estimates and forecasts for drilling and spending on all offshore wells and discusses key drilling events in each

country. It also provides a regional synthesis of shallow versus deep water spending and exploratory versus development spending, and includes a

broad discussion of new and improved drilling technology, looking at how this may affect the drilling spend market over subsequent years.

Key findings and highlights

From an estimated $51 billion between 2005 and 2009, drilling expenditure in Western Europe is forecast to grow slightly to $54 billion over the five

years from 2010 to 2014. Comprising 17 per cent of global spending in 2009, this percentage is expected to decline to around 13 per cent by 2014

as activity reduces, compared to the large deep water regions.

Eastern Europe and the FSU attract just 3 per cent of global offshore drilling spending due to the regions relatively small offshore area and low

potential outside the Caspian Sea and Black Seas, and offshore Sakhalin Island and the Arctic waters of Russia.

Over the last five years it is estimated that $57 billion was spent on shallow water drilling in Europe and the FSU, representing 95 per cent of all

drilling expenditure. Meanwhile just $3 billion was spent on deep water drilling.

Reasons to buy

Develop a drilling investment strategy targeted around exploration and production hotspots

Evaluate likely technology driven growth opportunities created by the medium term evolution of the drilling sector

Analyze how drilling spending patterns will vary between different technology sectors and geographies over a five-year forecast period

Table Of Contents

OVERVIEW

Catalyst

Content summary

Methodology

EXECUTIVE SUMMARY

Introduction

Results and conclusions

Spending

THE TOOLS OF OFFSHORE DRILLING

Foundations of drilling

The offshore drilling rig

Deep water drilling

The current rig market

Current well numbers

REVIEW OF DRILLING TECHNOLOGY

Introduction

Exploration wells

Appraisal wells

Development wells

Rotary drilling procedures

Rotary drilling mechanics

Services: rigs

Services: geoscience

Services: engineering

Services: support

DRILLING IN EUROPE AND THE FSU

Western Europe Introduction

Northwest Europe

Southern Europe

Eastern Europe and FSU introduction

Eastern Europe (not FSU)

The former Soviet Union

SPENDING IN EUROPE AND FSU

Introduction

The spending model

Western Europe

Eastern Europe and the FSU

Regional Spending Summary

INNOVATIONS IN DRILLING

Introduction

Evolving drilling techniques

The longer-term future

Conclusion

APPENDIX

Industry abbreviations

Data sources

Conventions used

Ask the analyst

Datamonitor consulting

Disclaimer

TABLE OF FIGURES

Figure 1: OFFSHORE DRILLING: Europe and FSU East drilling numbers 1995 to 2014

Figure 2: OFFSHORE DRILLING: Europe and FSU spending numbers in report period

Figure 3: Reconstruction of the Drake well in Titusville, Pennsylvania Figure 4: Drake engine (background) and drill string/casing (foreground)

Figure 5: An early rotary drilling rig

Figure 6: Lake Caddo, site of the first well over water

Figure 7: OFFSHORE DRILLING: rig shares in the market in 2009 Figure 8: Pair of rigs on the Hibernia concrete platform

Figure 9: Drilling tender alongside a tension leg platform (TLP) Figure 10: Drilling barge on Lake Erie

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