Research and Markets: The Offshore Drilling Market to Grow at a CAGR of 10.6% from 2013 to 2018 says Latest Study

Research and Markets (http://www.researchandmarkets.com/research/j7hxnp/offshore_drilling) has announced the addition of the "Offshore Drilling Market - Global Trends & Forecasts To 2018" report to their offering.

The global market is wide with significant growth and huge investment opportunities in the near future. This market depends on the availability of potential offshore reserves, the technology available for the field development and the economic prospects of the field development. Thus, any fluctuations in any of these aspects will reflect in the market activities.

Increasing activities in Asia-Pacific offshore drilling, and growing deep to ultra-deep water drilling will effect a major demand for the global market, making the offshore contract drilling and other oilfield services key players in the development of offshore area.

The companies involved in providing offshore service business are thus expanding their offshore rig fleet and investments in the emerging markets of Asia-Pacific and existing markets of Brazil, US Gulf of Mexico (US GOM), and West Africa. Contract agreements with oil operator companies, technological advancements and innovative new products are the key strategies that help service companies maximize their revenues.

Within the applications segment, the shallow water activity is the major area for the offshore drilling market. It is expected to maintain a dominating position over the next few years, while the deep and ultra-deep water drilling activities are expected to increase in the near future.

Geographically, the market has been studied for different regions such as Asia-Pacific, Europe, the Middle East, Africa, North America, and South America. The value of the market for offshore drilling is analyzed in details for all major countries. The study covers different strategies such as contract agreements, new product launch, and mergers & acquisitions.

Companies Mentioned:

- Atwood Oceanics Inc

- Baker Hughes Inc

- China Oil Field Services Limited

- Diamond Offshore Drilling Inc

- ENSCO PLC

- Fred Olsen Energy ASA

- Gyrodata Inc

- Halliburton Company

- KCA Deutag

- Maersk Drilling

- Nabors Industries Ltd

- Noble Corporation

- Rowan Companies PLC

- Schlumberger Limited

- Scientific Drilling International

- Seadrill Ltd

- Superior Energy Services

- Transocean Ltd

- Weatherford International Ltd

For more information visit http://www.researchandmarkets.com/research/j7hxnp/offshore_drilling

About Research and Markets

Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Research and Markets
Laura Wood, Senior Manager
[e-mail]
U.S. Fax: [phone]
Fax (outside U.S.): [phone]
Sector: Energy and Natural Resources