Global Deepwater & Ultra-Deepwater Drilling Market Outlook to 2023 with Diamond Offshore Drilling, Ensco Rowan, Halliburton Co, Saipem, Schlumberger, and Transocean Dominating – ResearchAndMarkets.com

The "Global Deepwater and Ultra-Deepwater Drilling Market 2019-2023." report has been added to ResearchAndMarkets.com's offering.

Rise in deepwater & ultra-deepwater E&P activities

The growing population and industrial developments are increasing the global demand for energy. Thus, governments of various countries are taking initiatives to improve energy security by increasing oil and gas production.

Moreover, deepwater and ultra-deepwater oil and gas projects have been increasing over the past few years owing to rising investments in deepwater and ultra-deepwater drilling. Hence, the rise in E&P activities will drive the growth of the deepwater and ultra-deepwater drilling at a CAGR of over 8% during the forecast period.

Advances in offshore pressure control technologies

A majority of the incidents and fatal accidents on the rig floor happen due to the manual handling of rig equipment. This is pushing oil and gas operators and regulators to enhance oilfield safety by adopting new technologies which meet the safety requirements in deepwater and ultra-deepwater oil and gas operations.

Some of the oil and gas companies are focusing on constructing revolutionary pressure control equipment that allows well operators to see inside the wellhead. Many companies are focusing on improving equipment such as offshore blowout preventer (BOP) systems to tackle the challenges posed by ultra-deepwater oilfield reservoirs. Such advances in drilling technologies are expected to enhance the safety of deepwater and ultra-deepwater well drilling activities.

Market Dynamics

The report also looks at factors such as growing demand for oil and natural gas, rise in deepwater and ultra-deepwater drilling E&P activities, and increase in global offshore rig count. However, environmental concerns associated with deepwater and ultra-deepwater drilling E&P activities, fluctuations in price of crude oil and natural gas, and rise of renewable energy may hamper the growth of the deepwater and ultra-deepwater drilling industry over the forecast period.

Segment Coverage

The deepwater and ultra-deepwater drilling market analysis considers sales from both deepwater drilling and ultra-deepwater drilling. This analysis also considers the sales of deepwater and ultra-deepwater drilling in APAC, Europe, MEA, North America, and South America.

In 2018, the deepwater drilling segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as rising demand for oil and gas will play a significant role in the deepwater drilling segment to maintain its market position.

Competitive Landscape

With the presence of several major players, the global deepwater and ultra-deepwater drilling market is fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading deepwater and ultra-deepwater drilling companies, that include:

• Diamond Offshore Drilling Inc.
• Ensco Rowan PLC
• Halliburton Co.
• Saipem S.p.A.
• Schlumberger Ltd.
• Transocean Ltd.
  

Also, the deepwater and ultra-deepwater drilling market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

Key Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2018
• Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

• Comparison by application
• Deepwater drilling - Market size and forecast 2018-2023
• Ultra-deepwater drilling - Market size and forecast 2018-2023
• Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic comparison
• MEA - Market size and forecast 2018-2023
• South America - Market size and forecast 2018-2023
• North America - Market size and forecast 2018-2023
• APAC - Market size and forecast 2018-2023
• Europe - Market size and forecast 2018-2023
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

• Declining costs of offshore drilling projects
• Technical advances in deepwater and ultra-deepwater drilling rigs
• Advances in offshore pressure control technologies

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Diamond Offshore Drilling Inc.
• Ensco Rowan
  
• Halliburton Co.
• Saipem
  
• Schlumberger Ltd.
• Transocean Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/cbdc5h

View source version on businesswire.com: https://www.businesswire.com/news/home/20190729005313/en/