Offshore Drilling Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2022 to 2028

Posted January 12, 2022 by Deepak97Yadav

The offshore drilling market is poised to grow by $ 11.34 bn during 2022-2028 progressing at a CAGR of 6% during the forecast period.
The offshore drilling market is poised to grow by $ 11.34 bn during 2022-2028 progressing at a CAGR of 6% during the forecast period.

The exhaustion of onshore oil and gas reserves is expected to drive the offshore drilling market during the forecast period. Increasing consumption of crude oil and petrochemicals in various industries such as plastics, transportation, energy, textiles, paints and coatings is expected to drive exploration activities at offshore sites.


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Company Profile

The major player operating in the market of offshore drilling rigs are Halliburton (U.S.), Schlumberger (U.S.), Weatherford International Inc (U.S.), Seadrill (Bermuda), and Aban Offshore Limited (India). China Oilfield Services Ltd. (China), Ensco plc (UK), Diamond Offshore Drilling Inc. (U.S.), Vantage Drilling Co. (U.S.), Pacific Drilling (U.S.), KCA Deutag (UK), Maersk Drilling (Denmark), and Nabors Industries Ltd (Bermuda), Nobel Corporation (U.K.) are among others.


Market Segmentation

On the basis of Service Type

Contract Drilling
Directional Drilling
Logging While Drilling
Measurement While Drilling

On the basis of Application

Shallow Water
Deep Water
Ultra-Deep Water

Scope of the Report

The research study analyzes the global Offshore Drilling industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

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Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Offshore Drilling Market Report

1. What was the Offshore Drilling Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

What will be the CAGR of Offshore Drilling Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Offshore Drilling Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.


The report covers the following objectives:

Proliferation and maturation of trade in the global Offshore Drilling market.
The market share of the global Offshore Drilling market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
Current and future market trends that are influencing the growth opportunities and growth rate of the global Offshore Drilling market.
Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Offshore Drilling market.

About Us:

Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.


Media Contact:

Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: [email protected]
Contact no: +91 780-304-0404



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Issued By Deepak Yadav
Country India
Categories Business
Tags offshore drilling market
Last Updated January 12, 2022