This unique report provides an essential and complete overview of the technology and future prospects for the offshore drilling business
April 14, 2007 (Press Release) --
This unique report provides an essential and complete overview of the technology and future prospects for the offshore drilling business.
It reviews and forecasts the world market by region and type of activity in terms of both well numbers and expenditure levels.
OFFSHORE TECHNOLOGY
The report analyses the state of the drilling industry. Suitable for readers of all backgrounds it presents a detailed review of offshore drilling technology, discussing both traditional and innovative techniques and the commercial impact they may have on the industry over the short and medium term future.
GLOBAL DRILLING
Drilling attracts nearly 45% of offshore capital expenditure. After a surge in offshore drilling spending everywhere through 2005 and 2006 it is now forecast that growth over the next five years will be much more erratic and dispersed.
Some regions, particularly where the deepest waters are being exploited, will continue to expand rapidly, whilst others will attract less capital due to a lack of large-scale project opportunities and exploration prospects.
Drilling levels and types are discussed for every country in the world which has offshore prospects. The regional forecasts are presented in table and chart form in a clear and accessible manner.
‘The World Offshore Drilling Spend Forecast 2007-2011’ provides essential information for decision-makers in oil and gas companies and in the contracting and supply industries, and is an invaluable asset for government departments and financial institutions involved in strategy formulation and valuation.
SPENDS BY SECTOR
In 2006, within the offshore drilling sector, it is estimated that 33% of expenditure was billed by the rig contractors, just over a fifth was earmarked for support, and 6% went towards geoscience. Rigs are the biggest single cost and their share has grown substantially as rig rates have climbed and wells have become increasingly challenging to drill.
Formulated costs for different types of well are fully detailed, subdivided into the rig, engineering, geoscience and support sectors, and further subdivided into individual cost elements for the key offshore drilling services.
It reviews and forecasts the world market by region and type of activity in terms of both well numbers and expenditure levels.
OFFSHORE TECHNOLOGY
The report analyses the state of the drilling industry. Suitable for readers of all backgrounds it presents a detailed review of offshore drilling technology, discussing both traditional and innovative techniques and the commercial impact they may have on the industry over the short and medium term future.
GLOBAL DRILLING
Drilling attracts nearly 45% of offshore capital expenditure. After a surge in offshore drilling spending everywhere through 2005 and 2006 it is now forecast that growth over the next five years will be much more erratic and dispersed.
Some regions, particularly where the deepest waters are being exploited, will continue to expand rapidly, whilst others will attract less capital due to a lack of large-scale project opportunities and exploration prospects.
Drilling levels and types are discussed for every country in the world which has offshore prospects. The regional forecasts are presented in table and chart form in a clear and accessible manner.
‘The World Offshore Drilling Spend Forecast 2007-2011’ provides essential information for decision-makers in oil and gas companies and in the contracting and supply industries, and is an invaluable asset for government departments and financial institutions involved in strategy formulation and valuation.
SPENDS BY SECTOR
In 2006, within the offshore drilling sector, it is estimated that 33% of expenditure was billed by the rig contractors, just over a fifth was earmarked for support, and 6% went towards geoscience. Rigs are the biggest single cost and their share has grown substantially as rig rates have climbed and wells have become increasingly challenging to drill.
Formulated costs for different types of well are fully detailed, subdivided into the rig, engineering, geoscience and support sectors, and further subdivided into individual cost elements for the key offshore drilling services.
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