Market research Future Offshore Drilling Rigs Research Report 2018 | Page 4

Offshore Drilling Rigs Market Research Report- Forecast to 2022
Market Research Analysis: -
Regional Analysis
Latin American is the leading region due to high offshore potential reserves of oil and gas. Moreover,
factors such as increasing investments in exploration & production (E&P) lead to the increase the demand
for drilling equipment and offshore rigs. The increase in global oil & gas production from North America
and the Middle East has made operators focus on offshore markets. Secondly, liberalization of the Mexican
oil & gas industry drives the demand for offshore drilling.
Asia-Pacific is one of the leading regions for growth in offshore drilling rigs market. The growing demand
for energy coupled with the increasing investment in offshore exploration activities will drive the market
in the forecast period. Asia-Pacific is among the largest consumers of oil & gas following North America.
This demand will lead to more exploration and production in the region.
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