A
new research report, titled “Contract
Drilling Market - Global Industry Analysis, Market Size, Share,
Growth, Trends and Forecast 2015 - 2023,”
from Transparency Market Research (TMR) delivers key insights into
the global
contract drilling market. The research report offers a detailed
analysis of the key drivers and restraints of the global contract
drilling market. Moreover, the opportunities and challenges in the
global contract drilling market are also evaluated in the study.
The
global contract drilling market is primarily driven by the increasing
number of onshore and offshore drilling activities. Moreover, the
rising innovation in drilling technologies and the growing
inclination towards the development of unconventional sources of
energy are also driving the global contract drilling market. On the
other hand, the high capital requirement for purchase and maintenance
of drilling equipment is restraining the global contract drilling
market.
Broadly,
the global contract drilling market is segmented on the basis of
service type, terrain type, contract length, and geography. At times,
principal companies need only a specific type of service, comprising
a part of the drilling process. Hence, depending on the tenure of the
project, the contract drilling market is divided into short-term and
long-term drilling services. Furthermore, the contract length for
such products depends on the size of the project and also on the
number of wells to be drilled.
Nevertheless,
contract drilling services can be deployed for both onshore and
offshore drilling operations. Presently, onshore contract drilling
firms are leveraging the investments made by principal companies to
exploit unconventional shale oil, gas, and coal-bed methane
reservoirs. In addition to this, the rising advancement in drilling
technologies has led to a trend of contract drilling companies
focusing more on offshore areas to explore oil and gas reservoirs.
Likewise, firms are willing to invest in exploring shallow water
areas as well as untapped deep and ultra-deep water areas.
To
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Regionally,
the global contract drilling market is classified into Europe, Asia
Pacific, North America, the Middle East and Africa (MENA), and Latin
America. The U.S. is the major oil producer in North America. In the
North Sea, Russia, the U.K., and Norway are the key oil and gas
producing countries. In the MENA region, the major oil producers are
Iraq, Saudi Arabia, Iran, Kuwait, and Nigeria. In Latin America,
these are Venezuela, Brazil, Colombia, and Argentina.
Players
in the global contract drilling market will benefit from the
opportunity presented by the untapped hydrocarbon reserves in North
African nations. The leading players in the global contract drilling
market are Sidewinder Drilling, Halliburton, Baker Hughes, Basic
Energy Services, and Schlumberger Limited.
About
Us
Transparency
Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants
use proprietary data sources and various tools and techniques to
gather and analyze information.
TMR’s
data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact
Mr.
Sudip S
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
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