Offshore Drilling Market Is Booming Again| Keppel Corporatio...| MENAFN.COM

Tuesday, 31 January 2023 04:46 GMT

Offshore Drilling Market Is Booming Again| Keppel Corporation, Sembcorp Marine, DSME, SHI

(MENAFN- Ameliorate Digital Consultancy)

The global offshore drilling market research report published by market insight reports discovers the current outlook in global and key regions from the viewpoint of Major Players, Countries, Product Types, and end industries. This report studies top players in the global market and divides the Market into several parameters.

This Offshore Drilling Market research report pinpoints the competitive landscape of industries to understand the competition at the International level. This report study describes the projected growth of the global market for approaching years from 2023 to 2029. This research report has been accumulated based on static and dynamic views of the businesses.

The global offshore drilling market size was USD 31.29 billion in 2022 and is projected to reach USD 56.98 billion by 2030, exhibiting a CAGR of 7.8% during the forecast period.

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The Leading Players in the Global Offshore Drilling Market :

Keppel Corporation, Sembcorp Marine, DSME, SHI, HHI, NOV, CIMC Raffles, CSIC Dalian, COSCO, CMHI, and Others.

Industry Development:

U.S. oil majors Exxon Mobil (NYSE: XOM), Chevron (NYSE: CVX) and ConocoPhillips (NYSE: COP) have already secured the rigs they need in the country while their private rivals are showing little appetite for expansion due to budget constraints and lower oil prices.

These oil majors are also moving more of their drilling offshore and overseas because U.S. shale opportunities are now limited with all prime acreage already taken up.

National oil companies (NOCs) including those in Saudi Arabia, Abu Dhabi and Kuwait are currently expanding offshore production as they look to claw back market share from the majors who have lately been more focused on returning excess cash to shareholders in the form of dividends and share buybacks rather than expanding production.

This report segments the global Offshore Drilling market based on types are:


Based on application, the Global Offshore Drilling market is segmented into:

Oil and Gas

Important Features that are under Offering and Key Underlines of the Reports:

– Detailed overview of the market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.,
– Historical, Current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of the Offshore Drilling Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth

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Regional Analysis for Offshore Drilling Market:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of the Offshore Drilling Market in these regions, from 2023 to 2029 (forecast), covering North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia–Pacific (China, Japan, Korea, India, and Southeast).

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023- 2029)
  • Porter's Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Table of Contents

– Market Summary
– Economic Impact Competition Analysis by Players
– Production, Revenue (Value) by geographical segmentation
– Offshore Drilling Market Size by Type and Application
– Regional Market Status and Outlook
– Offshore Drilling Market Analysis and Outlook
– Market Forecast by Region, Type, and Application
– Cost Investigation, Market Dynamics
– Marketing Strategy comprehension, Distributors and Traders
– Market Effect Factor Analysis
– Research Finding/ Conclusion
– Appendix

Finally, the Offshore Drilling Market report is a believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, market development rate and figure, and so on. Offshore Drilling industry report additionally Presents new task SWOT examination, speculation attainability investigation, and venture return investigation.


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