subject: Drilling For Offshore Oil And Gas - Asia-pacific - Market Research Report On Aarkstore Enterprise. [print this page] Introduction Introduction
Offshore drilling represents nearly 50 per cent of offshore capex within the global E&P business. This report has been prepared in recognition of drillings 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
Approximately $88 billion was spent over the last five years on offshore drilling in Asia-Pacific. Spending surged in 2006and this continued into 2007. Spending then declined in 2008 and sharply declined in 2009. The forecast is for slow growth through to 2013, finally reaching $108 billion over the five-year period.
The prospects for the recovery in drilling numbers vary considerably across geographic regions, with deepwater drilling continuing to be the main driver for expanding levels of activity in the market.
Over the last five years it is estimated that nearly $75 billion was spent on shallow water drilling in Asia-Pacific, representing 85 per cent of all drilling expenditure.
Learn about :
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
