Offshore Drilling Market is going to be worth $121.1 Billion By 2018. July 2014

Offshore Drilling Market is going to be worth $121.1 Billion By 2018.
The report “Offshore Drilling Market By Services (Contract Drilling, Directional Drilling,
Logging While Drilling), Applications (Shallow Water, Deepwater, Ultra-deepwater) and
Geography-Global Trends & Forecasts to 2018”, defines and segments the global offshore
drilling services market with an analysis and forecast of the global revenue. Offshore drilling
services market will grow from an estimated $73.1 billion in 2013 to $121.1 billion by 2018,
growing at a CAGR of 10.6% from 2013 to 2018.
Key content of the Report
104 market data tables
36 figures spread through 278 pages
In-depth TOC on Offshore Drilling Market
Global Trends Forecasts to 2018.
http://www.marketsandmarkets.com/Market-Reports/offshore-drilling-market-1207.html
Early buyers will receive 10% customization on this report.

The offshore drilling services market is driven by increasing offshore discoveries and
exponentially increasing demand for energy across the globe. The major existing areas of
offshore activities such as the golden triangle which includes the Brazil, US Gulf of Mexico, and
West Africa are the key markets where offshore operators and service providers have their focus.
Asia-Pacific is the emerging market in terms of demand for energy and offshore drilling
activities.
The re-development of current fields and exploring deep to ultra-deep water reserve potentials is
the only way to satisfy the demand for hydrocarbons. Hence offshore oilfield drilling service and
operators continue to try and assimilate their existing technologies, and develop new
technologies extensively through research and development, so as to decrease high risk and
associated cost.
In the current offshore drilling services global market, shallow water activities dominate offshore
spending and are projected to grow at a significant rate in the near future. On the other hand,
deepwater and ultra-deepwater activities are also projected to increase, escalating the
requirement for semisubmersibles and drillships in offshore applications.