Offshore Drilling Market Analysis North America, Middle East and Africa, Europe, APAC, South America - US, Saudi Arabia, United Arab Emirates, China, Russia - Size and Forecast 2024-2028

Published: Mar 2024

Pages: 175

SKU: IRTNTR44563

Snapshot

Offshore Drilling Market Forecast 2024-2028

The offshore drilling market size is forecast to increase by USD 8.18 billion, at a CAGR of 4.42% between 2023 and 2028. The report includes historic market data from 2018-2022. The market is experiencing a positive trend with decreasing costs of offshore projects, the introduction of advanced automated drilling rigs, and a growing demand for offshore gas.

Market Overview :

Shallow water is the fastest-growing segment during the forecast year
The shallow water was the largest segment and valued at USD 17.70 billion in 2018
The Regional Analysis consists of North America, Middle East and Africa, Europe, APAC, and South America
North America is is most dominating region during the forecast period
It also includes an in-depth analysis of the rise in deepwater and ultra-deepwater E and P activities, the emergence of next-generation automated drilling rigs, and stringent government regulations

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Market Trends

The emergence of next-generation automated drilling rigs is an emerging trend shaping market growth. Offshore rigs can be hazardous for workers and have led to fatal accidents and environmental disasters over the last few decades. Thus, rig operators are finding ways to ensure the safety of the workers, along with reducing the costs of extracting crude oil. Such instances can be reduced with technological advances such as automation for drilling rigs. Rig automation involves using sensors in drilling rigs and the associated equipment.

Further, the technology will integrate drilling processes such as the bottom hole assembly (BHA), drill bit, and other downhole tools with the surface. This enables the automation of mechanical processes of geo-steering. Therefore, the drilling rig automation will ease the offshore drilling process, thus proliferating offshore drilling activities, which will drive the growth of the market.

Market Largest-Growing Segments

Shallow water

The shallow water segment is estimated to witness significant growth during the forecast period. Shallow water includes depths of up to 500 feet. The shallow water segment of the market is expected to observe rapid growth. Offshore drilling in shallow water has been done since World War II. It is comparatively safe, as oil spills are very low and rare in shallow water, and drilling is less complex when compared with deepwater and ultra-deepwater, resulting in better safety and economic viability.

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Further, these factors are likely to drive the adoption of E&P activities in shallow water. Due to the need for its structure to rest on the seabed, submersibles are employed in shallow water. Their buoyancy tanks are drained of water and filled with air before being transferred, making them float and allowing tug boats to pull them. Only very shallow water can be employed for submersible rig operations. In the event of storms, the rig deck must be up to 100 meters above the ocean surface. Tall rig frameworks are impractical to build, especially when backups are more useful and adaptable. For extremely shallow water, drill barges are another choice. They are towed along by a tugboat and lack the clearance above the ocean's surface to endure severe storms. Only extremely safe environments, such as inland lakes, will be appropriate for the usage of a drill barge. Such factors are expected to drive the growth of the segment and the market during the forecast period.

Market Regional Analysis

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North America is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in the region is expected to grow rapidly during the forecast period. North America has been considered a major region in the oil and gas industry. With the gradual rise in crude oil prices, the region has resumed its deep and ultra-deep oil and gas projects in the GOM. This resuming of projects is estimated to drive the market in the region.

In addition, the US is among the major countries that undertake offshore oil and gas exploration in the region. Moreover, government support is also propelling offshore oil and gas projects in North America. The US government is also planning to drill and explore almost all its offshore oil and gas resources along the Atlantic, Arctic, and Pacific coasts, which will drive the growth of the market in the region. This will increase the demand for offshore drilling, which, in turn, will drive the growth of the market in North America during the forecast period.

Market Dynamic

Key Market

The rise in the continental shelf, lakes, inland seas, and ultra-deepwater E and P activities are notably driving the market growth. Offshore locations, including oil production and popular sources of oil and gas E and P, play a crucial role in enhancing energy independence, fostering economic growth, and meeting the growing oil & gas demand. After shallow-water drilling, oil and gas companies shifted their focus to deepwater and ultra-deepwater resources, considering factors such as Brent oil prices, hydrocarbons, and the need for substantial CAPEX. Oil production in the ultra-deepwater environment is significantly more expensive than conventional methods, and drilling in offshore locations is a challenging task compared to drilling in onshore locations due to harsh weather conditions.

Further, deepwater and ultra-deepwater projects, driven by factors like population growth, infrastructure demands, and concerns about oil & gas imports and the environment, are expected to increase during the forecast period to meet the rising demands. As per the IIEA, global offshore deepwater oil production will increase by 2.7 mbpd between 2017 and 2040. The rise in investments in offshore projects will propel E and P activities in deepwater and ultra-deepwater locations, addressing the critical aspects of heat and electricity generation. Hence, the rise in E and P activities in deepwater and ultra-deepwater resources will drive the market during the forecast period.

Significance Challenges of Market

Stringent government regulations are a significant challenge hindering market growth. Oil and gas drilling activities broadly involve well intervention, well completion, and production activities. Certain well-completion activities, such as hydraulic fracturing and acidizing, negatively impact the surrounding environment. The migration of natural gas and well-completion chemicals to the surface, degradation of air quality, and groundwater contamination are some of the environmental impacts that are caused by the production of crude oil. It is mandatory to follow environmental regulations during production operations, and the regulations are strict in certain environmentally sensitive regions. If such regulations are violated, it can harm the revenue of the organization, along with severe environmental damage.

Moreover, as accidents cannot be eliminated from the system, several cases of oil and condensate spills have been reported across the world, and they have had prolonged environmental effects, such as damage to aquatic life. After the Deepwater Horizon incident, which occurred in the Gulf of Mexico, the US federal government came up with some petroleum exploration regulations. These rules introduced third-party verification of drilling equipment and enhancement of real-time monitoring of operations. This puts massive pressure on the operations of offshore drilling service companies, which will negatively impact the growth of the market during the forecast period.

Market Customer Landscape

The market forecasting research report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.

Customer Landscape

Major Market Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Archer Ltd. - The company offers engineering and OEM management services for offshore drilling operations in severe and legally-mandated conditions on fixed, modular, and mobile drilling facilities.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.

Application Outlook
- Shallow water
- Deepwater
- Ultra deepwater

Type Outlook
- Jack up rigs
- Semisubmersibles
- Drill ships
- Others

Region Outlook
- North America
  - The U.S.
  - Canada
- South America
  - Chile
  - Brazil
  - Argentina
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Market Analyst Overview

The market, fueled by the exploration of hydrocarbons in continental shelves and inland seas, plays a pivotal role in enhancing energy independence and fostering economic growth. Amidst the rising oil & gas demand and Brent oil prices, key players like China National Offshore Oil Corporation capitalize on strategic projects such as Enping Oilfield. The World Investment Report indicates significant investments in CAPEX for heat and electricity generation, crucial for meeting the demands of population growth and developing infrastructure. Addressing environmental concerns, offshore drilling aligns with carbon emission targets, supporting initiatives like the COP26 Paris Agreement and the transition to net-zero carbon emissions.

Major entities like Oil and Natural Gas Corp. (ONGC), TotalEnergies, and ExxonMobil lead exploration efforts in Krishna Godavari and Cauvery basins, with technology breakthroughs driving advancements in drillships, drill risers, and efficient utilization of oil and gas reserves. As global banks recognize the market's potential, offshore drilling remains instrumental in the transition to a sustainable energy landscape.

Market Scope
Report Coverage	Details
Page number	175
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 4.42%
Market Growth 2024-2028	USD 8.18 billion
Market structure	Fragmented
YoY growth 2023-2024(%)	4.3
Regional analysis	North America, Middle East and Africa, Europe, APAC, and South America
Performing market contribution	North America at 40%
Key countries	US, Saudi Arabia, United Arab Emirates, China, and Russia
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	AP Moller Maersk AS, Archer Ltd., Baker Hughes Co., China National Offshore Oil Corp., Eni SpA, Halliburton Co., Hercules Offshore Inc., KCA Deutag Alpha Ltd., Loews Corp., Nabors Industries Ltd., Noble Corp. Plc, Pacific Drilling Co., Parker Drilling Co., Saudi Arabian Oil Co., Schlumberger Ltd., Seadrill Ltd., Sembcorp Marine Ltd., Transocean Ltd., Valaris Ltd., and Weatherford International Plc
Market dynamics	Parent market growth analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2024 and 2028
Precise estimation of the market size and its contribution of the market in focus to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market across North America, Middle East and Africa, Europe, APAC, and South America
Thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global offshore drilling market 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global offshore drilling market 2018 - 2022 ($ billion)

4.2 Application Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ billion)

4.3 Type Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ billion)

4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)

4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Application - Market share 2023-2028 (%)

6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application

6.3 Shallow water - Market size and forecast 2023-2028
- Exhibit 34: Chart on Shallow water - Market size and forecast 2023-2028 ($ billion)
- Exhibit 35: Data Table on Shallow water - Market size and forecast 2023-2028 ($ billion)
- Exhibit 36: Chart on Shallow water - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Shallow water - Year-over-year growth 2023-2028 (%)

6.4 Deepwater - Market size and forecast 2023-2028
- Exhibit 38: Chart on Deepwater - Market size and forecast 2023-2028 ($ billion)
- Exhibit 39: Data Table on Deepwater - Market size and forecast 2023-2028 ($ billion)
- Exhibit 40: Chart on Deepwater - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Deepwater - Year-over-year growth 2023-2028 (%)

6.5 Ultra deepwater - Market size and forecast 2023-2028
- Exhibit 42: Chart on Ultra deepwater - Market size and forecast 2023-2028 ($ billion)
- Exhibit 43: Data Table on Ultra deepwater - Market size and forecast 2023-2028 ($ billion)
- Exhibit 44: Chart on Ultra deepwater - Year-over-year growth 2023-2028 (%)
- Exhibit 45: Data Table on Ultra deepwater - Year-over-year growth 2023-2028 (%)

6.6 Market opportunity by Application
- Exhibit 46: Market opportunity by Application ($ billion)
- Exhibit 47: Data Table on Market opportunity by Application ($ billion)

7 Market Segmentation by Type

7.1 Market segments
- Exhibit 48: Chart on Type - Market share 2023-2028 (%)
- Exhibit 49: Data Table on Type - Market share 2023-2028 (%)

7.2 Comparison by Type
- Exhibit 50: Chart on Comparison by Type
- Exhibit 51: Data Table on Comparison by Type

7.3 Jack up rigs - Market size and forecast 2023-2028
- Exhibit 52: Chart on Jack up rigs - Market size and forecast 2023-2028 ($ billion)
- Exhibit 53: Data Table on Jack up rigs - Market size and forecast 2023-2028 ($ billion)
- Exhibit 54: Chart on Jack up rigs - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Jack up rigs - Year-over-year growth 2023-2028 (%)

7.4 Semisubmersibles - Market size and forecast 2023-2028
- Exhibit 56: Chart on Semisubmersibles - Market size and forecast 2023-2028 ($ billion)
- Exhibit 57: Data Table on Semisubmersibles - Market size and forecast 2023-2028 ($ billion)
- Exhibit 58: Chart on Semisubmersibles - Year-over-year growth 2023-2028 (%)
- Exhibit 59: Data Table on Semisubmersibles - Year-over-year growth 2023-2028 (%)

7.5 Drill ships - Market size and forecast 2023-2028
- Exhibit 60: Chart on Drill ships - Market size and forecast 2023-2028 ($ billion)
- Exhibit 61: Data Table on Drill ships - Market size and forecast 2023-2028 ($ billion)
- Exhibit 62: Chart on Drill ships - Year-over-year growth 2023-2028 (%)
- Exhibit 63: Data Table on Drill ships - Year-over-year growth 2023-2028 (%)

7.6 Others - Market size and forecast 2023-2028
- Exhibit 64: Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 65: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 66: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 67: Data Table on Others - Year-over-year growth 2023-2028 (%)

7.7 Market opportunity by Type
- Exhibit 68: Market opportunity by Type ($ billion)
- Exhibit 69: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 71: Chart on Market share by geography 2023-2028 (%)
- Exhibit 72: Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison
- Exhibit 73: Chart on Geographic comparison
- Exhibit 74: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2023-2028
- Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)

9.4 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.5 Europe - Market size and forecast 2023-2028
- Exhibit 83: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 84: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 85: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.6 APAC - Market size and forecast 2023-2028
- Exhibit 87: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 88: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 89: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.7 South America - Market size and forecast 2023-2028
- Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)

9.8 US - Market size and forecast 2023-2028
- Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)

9.9 Saudi Arabia - Market size and forecast 2023-2028
- Exhibit 99: Chart on Saudi Arabia - Market size and forecast 2023-2028 ($ billion)
- Exhibit 100: Data Table on Saudi Arabia - Market size and forecast 2023-2028 ($ billion)
- Exhibit 101: Chart on Saudi Arabia - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on Saudi Arabia - Year-over-year growth 2023-2028 (%)

9.10 Russia - Market size and forecast 2023-2028
- Exhibit 103: Chart on Russia - Market size and forecast 2023-2028 ($ billion)
- Exhibit 104: Data Table on Russia - Market size and forecast 2023-2028 ($ billion)
- Exhibit 105: Chart on Russia - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on Russia - Year-over-year growth 2023-2028 (%)

9.11 China - Market size and forecast 2023-2028
- Exhibit 107: Chart on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 108: Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 109: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 110: Data Table on China - Year-over-year growth 2023-2028 (%)

9.12 United Arab Emirates - Market size and forecast 2023-2028
- Exhibit 111: Chart on United Arab Emirates - Market size and forecast 2023-2028 ($ billion)
- Exhibit 112: Data Table on United Arab Emirates - Market size and forecast 2023-2028 ($ billion)
- Exhibit 113: Chart on United Arab Emirates - Year-over-year growth 2023-2028 (%)
- Exhibit 114: Data Table on United Arab Emirates - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography
- Exhibit 115: Market opportunity by geography ($ billion)
- Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 117: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 119: Overview on factors of disruption

11.4 Industry risks
- Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 121: Vendors covered

12.2 Market positioning of vendors
- Exhibit 122: Matrix on vendor position and classification

12.3 Archer Ltd.
- Exhibit 123: Archer Ltd. - Overview
- Exhibit 124: Archer Ltd. - Business segments
- Exhibit 125: Archer Ltd. - Key offerings
- Exhibit 126: Archer Ltd. - Segment focus

12.4 Baker Hughes Co.
- Exhibit 127: Baker Hughes Co. - Overview
- Exhibit 128: Baker Hughes Co. - Business segments
- Exhibit 129: Baker Hughes Co. - Key news
- Exhibit 130: Baker Hughes Co. - Key offerings
- Exhibit 131: Baker Hughes Co. - Segment focus

12.5 China National Offshore Oil Corp.
- Exhibit 132: China National Offshore Oil Corp. - Overview
- Exhibit 133: China National Offshore Oil Corp. - Business segments
- Exhibit 134: China National Offshore Oil Corp. - Key offerings
- Exhibit 135: China National Offshore Oil Corp. - Segment focus

12.6 Eni SpA
- Exhibit 136: Eni SpA - Overview
- Exhibit 137: Eni SpA - Business segments
- Exhibit 138: Eni SpA - Key offerings
- Exhibit 139: Eni SpA - Segment focus

12.7 Halliburton Co.
- Exhibit 140: Halliburton Co. - Overview
- Exhibit 141: Halliburton Co. - Business segments
- Exhibit 142: Halliburton Co. - Key news
- Exhibit 143: Halliburton Co. - Key offerings
- Exhibit 144: Halliburton Co. - Segment focus

12.8 Hercules Offshore Inc.
- Exhibit 145: Hercules Offshore Inc. - Overview
- Exhibit 146: Hercules Offshore Inc. - Product / Service
- Exhibit 147: Hercules Offshore Inc. - Key offerings

12.9 Nabors Industries Ltd.
- Exhibit 148: Nabors Industries Ltd. - Overview
- Exhibit 149: Nabors Industries Ltd. - Business segments
- Exhibit 150: Nabors Industries Ltd. - Key news
- Exhibit 151: Nabors Industries Ltd. - Key offerings
- Exhibit 152: Nabors Industries Ltd. - Segment focus

12.10 Noble Corp. Plc
- Exhibit 153: Noble Corp. Plc - Overview
- Exhibit 154: Noble Corp. Plc - Business segments
- Exhibit 155: Noble Corp. Plc - Key news
- Exhibit 156: Noble Corp. Plc - Key offerings
- Exhibit 157: Noble Corp. Plc - Segment focus

12.11 Pacific Drilling Co.
- Exhibit 158: Pacific Drilling Co. - Overview
- Exhibit 159: Pacific Drilling Co. - Product / Service
- Exhibit 160: Pacific Drilling Co. - Key offerings

12.12 Parker Drilling Co.
- Exhibit 161: Parker Drilling Co. - Overview
- Exhibit 162: Parker Drilling Co. - Product / Service
- Exhibit 163: Parker Drilling Co. - Key offerings

12.13 Saudi Arabian Oil Co.
- Exhibit 164: Saudi Arabian Oil Co. - Overview
- Exhibit 165: Saudi Arabian Oil Co. - Product / Service
- Exhibit 166: Saudi Arabian Oil Co. - Key offerings

12.14 Seadrill Ltd.
- Exhibit 167: Seadrill Ltd. - Overview
- Exhibit 168: Seadrill Ltd. - Business segments
- Exhibit 169: Seadrill Ltd. - Key offerings
- Exhibit 170: Seadrill Ltd. - Segment focus

12.15 Transocean Ltd.
- Exhibit 171: Transocean Ltd. - Overview
- Exhibit 172: Transocean Ltd. - Product / Service
- Exhibit 173: Transocean Ltd. - Key offerings

12.16 Valaris Ltd.
- Exhibit 174: Valaris Ltd. - Overview
- Exhibit 175: Valaris Ltd. - Business segments
- Exhibit 176: Valaris Ltd. - Key offerings
- Exhibit 177: Valaris Ltd. - Segment focus

12.17 Weatherford International Plc
- Exhibit 178: Weatherford International Plc - Overview
- Exhibit 179: Weatherford International Plc - Business segments
- Exhibit 180: Weatherford International Plc - Key news
- Exhibit 181: Weatherford International Plc - Key offerings
- Exhibit 182: Weatherford International Plc - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 183: Inclusions checklist
- Exhibit 184: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 185: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 186: Research methodology
- Exhibit 187: Validation techniques employed for market sizing
- Exhibit 188: Information sources

13.5 List of abbreviations
- Exhibit 189: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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