Global Offshore Drilling Market Report 2025

Offshore Drilling Global Market Report 2025 – By Services (Contract Drilling, Directional Drilling, Logging While Drilling, Measurement While Drilling), By Platform (Jack-Up Rigs, Floating, Semisubmersibles, Drillships, Other Platforms), By Application (Ultra-Deep Water Drilling, Shallow Water Drilling, Deep Water Drilling) – Market Size, Trends, And Global Forecast 2025-2034

Offshore Drilling Global Market Report 2025

Report Price : $4490.00 | Pages : 175 | Published : January 2025 | Delivery Time: 2-3 business days | Format : pdf

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Offshore Drilling Market Definition

Offshore drilling refers to the process of extracting oil or natural gas from beneath the seabed using drilling rigs located off the coast, typically in deep waters. It involves specialized equipment and techniques to drill through the ocean floor and access underwater reservoirs for energy production. Offshore drilling plays a significant role in global energy supply, particularly in regions rich in hydrocarbon resources offshore.

The main types of offshore drilling are contract drilling, directional drilling, logging while drilling, and measurement while drilling. Contract drilling refers to the process where a drilling contractor provides drilling services and equipment to oil and gas companies on a contractual basis, usually for a specified duration or project. The different platforms include jack-up rigs, floating semisubmersibles, drillships, and others, and are used in various applications including ultra-deepwater drilling, shallow-water drilling, and deepwater drilling.

Offshore Drilling Market Segmentation

The offshore drilling market covered in this report is segmented –

1) By Services: Contract Drilling, Directional Drilling, Logging While Drilling, Measurement While Drilling

2) By Platform: Jack-Up Rigs, Floating, Semisubmersibles, Drillships, Other Platforms

3) By Application: Ultra-Deep Water Drilling, Shallow Water Drilling, Deep Water Drilling

Subsegments:

1) By Contract Drilling: Jack-Up Rig Drilling, Semi-Submersible Rig Drilling, Drillship Drilling, Floating Production Storage and Offloading (FPSO) Drilling

2) By Directional Drilling: Horizontal Drilling, Extended Reach Drilling (ERD), Multi-Lateral Drilling, Underbalanced Drilling

3) By Logging While Drilling: Real-Time Data Logging, Reservoir Evaluation, Wellbore Imaging, Formation Evaluation

4) By Measurement While Drilling: Wellbore Positioning, Drilling Performance Monitoring, Geosteering, Mud Motor Monitoring

Offshore Drilling Market Size and growth rate 2025 to 2029: Graph

Offshore Drilling Market Size 2025 And Growth Rate

The offshore drilling market size has grown strongly in recent years. It will grow from $33.53 billion in 2024 to $36.43 billion in 2025 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to deepwater discoveries, development of offshore infrastructure, economic growth increasing energy consumption, depletion of onshore reserves, and skilled workforce availability.

Offshore Drilling Market Growth Forecast

The offshore drilling market size is expected to see strong growth in the next few years. It will grow to $50.08 billion in 2029 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to enhanced energy security investment in offshore drilling, improvements in supply chain logistics, access to funding and investment, climate change policies, and adoption of higher safety standards. Major trends in the forecast period include the use of digital technologies, integration with renewable energy projects, shift to ultra-deepwater drilling, advances in seismic imaging, and adoption of digital twin technology.

Offshore Drilling Market Driver: Rising Demand For Natural Gas And Oil Boosts Offshore Drilling Market Growth

The rise in demand for natural gas and oil is expected to propel the growth of the offshore drilling market going forward. Natural gas and oil refer to fossil fuels used as primary energy sources for heating, electricity generation, and transportation, playing a crucial role in the global energy supply. The rise in demand for natural gas and oil is driven by increasing energy needs, economic growth, and the transition towards cleaner-burning fuels in power generation and transportation. Offshore drilling enables the extraction of natural oil and gas deposits located beneath the ocean floor, expanding access to offshore reserves and thereby increasing the overall production of oil and gas. For instance, in April 2024, according to the Energy Information Administration, a US-based government agency, at the end of 2022, U.S. crude oil and lease condensate proved reserves increased by 9%, rising from 44.4 billion barrels to 48.3 billion barrels. Similarly, U.S. natural gas proved reserves grew by 10%, reaching a record 691.0 trillion cubic feet (Tcf) in 2022, up from 625.4 Tcf in 2021. Therefore, the rise in demand for natural gas and oil is driving the growth of the offshore drilling market.

Global Offshore Drilling Market Major Players

Major companies operating in the offshore drilling market are Schlumberger NV, Baker Hughes Company, Halliburton Company, Saipem S.p.A., NOV Inc., TechnipFMC plc, China Oilfield Services Limited, Subsea 7 S.A., Keppel Corporation, Weatherford International plc, Aker Solutions ASA, Nabors Industries Limited, Petrofac Limited, Transocean Ltd., Oceaneering International Inc., Valaris Limited, KCA Deutag, Noble Corporation plc, Diamond Offshore Drilling Inc., Seadrill, Shelf Drilling Holdings Ltd., Borr Drilling, Pacific Drilling S.A., Odfjell Drilling Ltd., Lamprell plc, Vantage Drilling International, CIMC Raffles Offshore Engineering Pte Ltd

Global Offshore Drilling Market Trend: Development Of Autonomous Offshore Drilling

Major companies operating in the offshore drilling market are focusing on integrating robotics and artificial intelligence with drilling solutions to gain a competitive edge. Robotics and artificial intelligence (AI) refer to the integration of automated machines with advanced algorithms to perform tasks that typically require human intelligence and dexterity. For instance, in January 2024, Schlumberger, a US-based oilfield services company, launched autonomous drilling operations on the Peregrino C platform with the Delfi digital platform in collaboration with Equinor, a Norway-based petroleum refining company, to enhance operational efficiency, improve safety measures, and optimize overall drilling performance. The platform includes DrillOps and DrillPlan solutions, leveraging cloud-based applications, AI, physics-based science, and seamless data integration to enhance exploration, development, drilling, production, and new energy operations. SLB and Equinor achieved a major milestone in autonomous drilling with 99% of a 2.6-kilometer section drilled autonomously on the Peregrino C platform, enhancing efficiency and reducing costs. The use of SLB's digital drilling solutions significantly improved drilling speed and carbon footprint.

Offshore Drilling Market Merger And Acquisition: ABL Group Acquires Ross Offshore To Enhance Drilling And Well Management Services

In June 2024, ABL Group ASA, a Norway-based engineering services company, acquired Ross Offshore for $9.3 million. The acquisition of Ross Offshore by ABL Group's AGR aims to expand technical expertise and operational capacity in drilling project management, well engineering, subsurface evaluations, and marine operations. Ross Offshore is a Norway-based provider of offshore drilling.

Regional Outlook For The Global Offshore Drilling Market

Asia-Pacific was the largest region in the offshore drilling market in 2024. The regions covered in the offshore drilling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the offshore drilling market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Offshore Drilling Market?

The offshore drilling market includes revenues earned by entities by providing services such as drilling, exploration, well intervention, and platform maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Offshore Drilling Industry?

The offshore drilling market research report is one of a series of new reports from The Business Research Company that provides offshore drilling market statistics, including offshore drilling industry global market size, regional shares, competitors with an offshore drilling market share, detailed offshore drilling market segments, market trends and opportunities, and any further data you may need to thrive in the offshore drilling industry. This offshore drilling market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Offshore Drilling Market Report Forecast Analysis
Report AttributeDetails
Market Size Value In 2025 $36.43 billion
Revenue Forecast In 2034 $50.08 billion
Growth Rate CAGR of 8.3% from 2025 to 2034
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered 1) By Services: Contract Drilling, Directional Drilling, Logging While Drilling, Measurement While Drilling
2) By Platform: Jack-Up Rigs, Floating, Semisubmersibles, Drillships, Other Platforms
3) By Application: Ultra-Deep Water Drilling, Shallow Water Drilling, Deep Water Drilling Subsegments: 1) By Contract Drilling: Jack-Up Rig Drilling, Semi-Submersible Rig Drilling, Drillship Drilling, Floating Production Storage and Offloading (FPSO) Drilling
2) By Directional Drilling: Horizontal Drilling, Extended Reach Drilling (ERD), Multi-Lateral Drilling, Underbalanced Drilling
3) By Logging While Drilling: Real-Time Data Logging, Reservoir Evaluation, Wellbore Imaging, Formation Evaluation
4) By Measurement While Drilling: Wellbore Positioning, Drilling Performance Monitoring, Geosteering, Mud Motor Monitoring
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Schlumberger NV, Baker Hughes Company, Halliburton Company, Saipem S.p.A., NOV Inc., TechnipFMC plc, China Oilfield Services Limited, Subsea 7 S.A., Keppel Corporation, Weatherford International plc, Aker Solutions ASA, Nabors Industries Limited, Petrofac Limited, Transocean Ltd., Oceaneering International Inc., Valaris Limited, KCA Deutag, Noble Corporation plc, Diamond Offshore Drilling Inc., Seadrill, Shelf Drilling Holdings Ltd., Borr Drilling, Pacific Drilling S.A., Odfjell Drilling Ltd., Lamprell plc, Vantage Drilling International, CIMC Raffles Offshore Engineering Pte Ltd
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. Offshore Drilling Market Characteristics

    3. Offshore Drilling Market Trends And Strategies

    4. Offshore Drilling Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market

    5. Global Offshore Drilling Growth Analysis And Strategic Analysis Framework

    5.1. Global Offshore Drilling PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

    5.2. Analysis Of End Use Industries

    5.3. Global Offshore Drilling Market Growth Rate Analysis

    5.4. Global Offshore Drilling Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

    5.5. Global Offshore Drilling Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

    5.6. Global Offshore Drilling Total Addressable Market (TAM)

    6. Offshore Drilling Market Segmentation

    6.1. Global Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Contract Drilling

    Directional Drilling

    Logging While Drilling

    Measurement While Drilling

    6.2. Global Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Jack-Up Rigs

    Floating

    Semisubmersibles

    Drillships

    Other Platforms

    6.3. Global Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Ultra-Deep Water Drilling

    Shallow Water Drilling

    Deep Water Drilling

    6.4. Global Offshore Drilling Market, Sub-Segmentation Of Contract Drilling, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Jack-Up Rig Drilling

    Semi-Submersible Rig Drilling

    Drillship Drilling

    Floating Production Storage and Offloading (FPSO) Drilling

    6.5. Global Offshore Drilling Market, Sub-Segmentation Of Directional Drilling, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Horizontal Drilling

    Extended Reach Drilling (ERD)

    Multi-Lateral Drilling

    Underbalanced Drilling

    6.6. Global Offshore Drilling Market, Sub-Segmentation Of Logging While Drilling, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Real-Time Data Logging

    Reservoir Evaluation

    Wellbore Imaging

    Formation Evaluation

    6.7. Global Offshore Drilling Market, Sub-Segmentation Of Measurement While Drilling, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Wellbore Positioning

    Drilling Performance Monitoring

    Geosteering

    Mud Motor Monitoring

    7. Offshore Drilling Market Regional And Country Analysis

    7.1. Global Offshore Drilling Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    7.2. Global Offshore Drilling Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    8. Asia-Pacific Offshore Drilling Market

    8.1. Asia-Pacific Offshore Drilling Market Overview

    Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    8.3. Asia-Pacific Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    8.4. Asia-Pacific Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    9. China Offshore Drilling Market

    9.1. China Offshore Drilling Market Overview

    9.2. China Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

    9.3. China Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

    9.4. China Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

    10. India Offshore Drilling Market

    10.1. India Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    10.2. India Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    10.3. India Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    11. Japan Offshore Drilling Market

    11.1. Japan Offshore Drilling Market Overview

    11.2. Japan Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    11.3. Japan Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    11.4. Japan Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    12. Australia Offshore Drilling Market

    12.1. Australia Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    12.2. Australia Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    12.3. Australia Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    13. Indonesia Offshore Drilling Market

    13.1. Indonesia Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    13.2. Indonesia Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    13.3. Indonesia Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    14. South Korea Offshore Drilling Market

    14.1. South Korea Offshore Drilling Market Overview

    14.2. South Korea Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    14.3. South Korea Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    14.4. South Korea Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    15. Western Europe Offshore Drilling Market

    15.1. Western Europe Offshore Drilling Market Overview

    15.2. Western Europe Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    15.3. Western Europe Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    15.4. Western Europe Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    16. UK Offshore Drilling Market

    16.1. UK Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    16.2. UK Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    16.3. UK Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    17. Germany Offshore Drilling Market

    17.1. Germany Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    17.2. Germany Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    17.3. Germany Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    18. France Offshore Drilling Market

    18.1. France Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    18.2. France Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    18.3. France Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    19. Italy Offshore Drilling Market

    19.1. Italy Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    19.2. Italy Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    19.3. Italy Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    20. Spain Offshore Drilling Market

    20.1. Spain Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    20.2. Spain Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    20.3. Spain Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    21. Eastern Europe Offshore Drilling Market

    21.1. Eastern Europe Offshore Drilling Market Overview

    21.2. Eastern Europe Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    21.3. Eastern Europe Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    21.4. Eastern Europe Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    22. Russia Offshore Drilling Market

    22.1. Russia Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    22.2. Russia Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    22.3. Russia Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    23. North America Offshore Drilling Market

    23.1. North America Offshore Drilling Market Overview

    23.2. North America Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    23.3. North America Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    23.4. North America Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    24. USA Offshore Drilling Market

    24.1. USA Offshore Drilling Market Overview

    24.2. USA Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    24.3. USA Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    24.4. USA Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    25. Canada Offshore Drilling Market

    25.1. Canada Offshore Drilling Market Overview

    25.2. Canada Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    25.3. Canada Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    25.4. Canada Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    26. South America Offshore Drilling Market

    26.1. South America Offshore Drilling Market Overview

    26.2. South America Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    26.3. South America Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    26.4. South America Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    27. Brazil Offshore Drilling Market

    27.1. Brazil Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    27.2. Brazil Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    27.3. Brazil Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    28. Middle East Offshore Drilling Market

    28.1. Middle East Offshore Drilling Market Overview

    28.2. Middle East Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    28.3. Middle East Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    28.4. Middle East Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    29. Africa Offshore Drilling Market

    29.1. Africa Offshore Drilling Market Overview

    29.2. Africa Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    29.3. Africa Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    29.4. Africa Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    30. Offshore Drilling Market Competitive Landscape And Company Profiles

    30.1. Offshore Drilling Market Competitive Landscape

    30.2. Offshore Drilling Market Company Profiles

    30.2.1. Schlumberger NV Overview, Products and Services, Strategy and Financial Analysis

    30.2.2. Baker Hughes Company Overview, Products and Services, Strategy and Financial Analysis

    30.2.3. Halliburton Company Overview, Products and Services, Strategy and Financial Analysis

    30.2.4. Saipem S.p.A. Overview, Products and Services, Strategy and Financial Analysis

    30.2.5. NOV Inc. Overview, Products and Services, Strategy and Financial Analysis

    31. Offshore Drilling Market Other Major And Innovative Companies

    31.1. TechnipFMC plc

    31.2. China Oilfield Services Limited

    31.3. Subsea 7 S.A.

    31.4. Keppel Corporation

    31.5. Weatherford International plc

    31.6. Aker Solutions ASA

    31.7. Nabors Industries Limited

    31.8. Petrofac Limited

    31.9. Transocean Ltd.

    31.10. Oceaneering International Inc.

    31.11. Valaris Limited

    31.12. KCA Deutag

    31.13. Noble Corporation plc

    31.14. Diamond Offshore Drilling Inc.

    31.15. Seadrill

    32. Global Offshore Drilling Market Competitive Benchmarking And Dashboard

    33. Key Mergers And Acquisitions In The Offshore Drilling Market

    34. Recent Developments In The Offshore Drilling Market

    35. Offshore Drilling Market High Potential Countries, Segments and Strategies

    35.1 Offshore Drilling Market In 2029 - Countries Offering Most New Opportunities

    35.2 Offshore Drilling Market In 2029 - Segments Offering Most New Opportunities

    35.3 Offshore Drilling Market In 2029 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Table 3: Global Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 4: Global Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 5: Global Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 6: Global Offshore Drilling Market, Sub-Segmentation Of Contract Drilling, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 7: Global Offshore Drilling Market, Sub-Segmentation Of Directional Drilling, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 8: Global Offshore Drilling Market, Sub-Segmentation Of Logging While Drilling, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 9: Global Offshore Drilling Market, Sub-Segmentation Of Measurement While Drilling, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 10: Global Offshore Drilling Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 11: Global Offshore Drilling Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 12: Asia-Pacific, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 13: Asia-Pacific, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 14: Asia-Pacific, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 15: China, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 16: China, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 17: China, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 18: India, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 19: India, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 20: India, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 21: Japan, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 22: Japan, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 23: Japan, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 24: Australia, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 25: Australia, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 26: Australia, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 27: Indonesia, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 28: Indonesia, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 29: Indonesia, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 30: South Korea, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 31: South Korea, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 32: South Korea, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 33: Western Europe, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 34: Western Europe, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 35: Western Europe, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 36: UK, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 37: UK, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 38: UK, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 39: Germany, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 40: Germany, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 41: Germany, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 42: France, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 43: France, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 44: France, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 45: Italy, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 46: Italy, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 47: Italy, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 48: Spain, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 49: Spain, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 50: Spain, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 51: Eastern Europe, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 52: Eastern Europe, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 53: Eastern Europe, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 54: Russia, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 55: Russia, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 56: Russia, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 57: North America, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 58: North America, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 59: North America, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 60: USA, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 61: USA, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 62: USA, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 63: Canada, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 64: Canada, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 65: Canada, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 66: South America, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 67: South America, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 68: South America, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 69: Brazil, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 70: Brazil, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 71: Brazil, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 72: Middle East, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 73: Middle East, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 74: Middle East, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 75: Africa, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 76: Africa, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 77: Africa, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 78: Schlumberger NV Financial Performance
  • Table 79: Baker Hughes Company Financial Performance
  • Table 80: Halliburton Company Financial Performance
  • Table 81: Saipem S.p.A. Financial Performance
  • Table 82: NOV Inc. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Figure 3: Global Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 4: Global Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 5: Global Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 6: Global Offshore Drilling Market, Sub-Segmentation Of Contract Drilling, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 7: Global Offshore Drilling Market, Sub-Segmentation Of Directional Drilling, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 8: Global Offshore Drilling Market, Sub-Segmentation Of Logging While Drilling, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 9: Global Offshore Drilling Market, Sub-Segmentation Of Measurement While Drilling, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 10: Global Offshore Drilling Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 11: Global Offshore Drilling Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 12: Asia-Pacific, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 13: Asia-Pacific, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 14: Asia-Pacific, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 15: China, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 16: China, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 17: China, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 18: India, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 19: India, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 20: India, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 21: Japan, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 22: Japan, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 23: Japan, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 24: Australia, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 25: Australia, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 26: Australia, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 27: Indonesia, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 28: Indonesia, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 29: Indonesia, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 30: South Korea, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 31: South Korea, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 32: South Korea, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 33: Western Europe, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 34: Western Europe, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 35: Western Europe, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 36: UK, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 37: UK, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 38: UK, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 39: Germany, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 40: Germany, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 41: Germany, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 42: France, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 43: France, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 44: France, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 45: Italy, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 46: Italy, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 47: Italy, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 48: Spain, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 49: Spain, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 50: Spain, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 51: Eastern Europe, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 52: Eastern Europe, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 53: Eastern Europe, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 54: Russia, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 55: Russia, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 56: Russia, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 57: North America, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 58: North America, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 59: North America, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 60: USA, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 61: USA, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 62: USA, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 63: Canada, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 64: Canada, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 65: Canada, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 66: South America, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 67: South America, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 68: South America, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 69: Brazil, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 70: Brazil, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 71: Brazil, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 72: Middle East, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 73: Middle East, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 74: Middle East, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 75: Africa, Offshore Drilling Market, Segmentation By Services, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 76: Africa, Offshore Drilling Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 77: Africa, Offshore Drilling Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 78: Schlumberger NV Financial Performance
  • Figure 79: Baker Hughes Company Financial Performance
  • Figure 80: Halliburton Company Financial Performance
  • Figure 81: Saipem S.p.A. Financial Performance
  • Figure 82: NOV Inc. Financial Performance
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Frequently Asked Questions

What is the definition of the Offshore Drilling market?

Offshore drilling refers to the process of extracting oil or natural gas from beneath the seabed using drilling rigs located off the coast, typically in deep waters. It involves specialized equipment and techniques to drill through the ocean floor and access underwater reservoirs for energy production. Offshore drilling plays a significant role in global energy supply, particularly in regions rich in hydrocarbon resources offshore. For further insights on the Offshore Drilling market, request a sample here

How will the Offshore Drilling market drivers and restraints affect the market dynamics? What forces will shape the Offshore Drilling industry going forward?

The Offshore Drilling market major growth driver - Rising Demand For Natural Gas And Oil Boosts Offshore Drilling Market Growth. For further insights on the Offshore Drilling market, request a sample here

What is the forecast market size or the forecast market value of the Offshore Drilling market?

The Offshore Drilling market size has grown strongly in recent years. The offshore drilling market size has grown strongly in recent years. It will grow from $33.53 billion in 2024 to $36.43 billion in 2025 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to deepwater discoveries, development of offshore infrastructure, economic growth increasing energy consumption, depletion of onshore reserves, and skilled workforce availability. The offshore drilling market size is expected to see strong growth in the next few years. It will grow to $50.08 billion in 2029 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to enhanced energy security investment in offshore drilling, improvements in supply chain logistics, access to funding and investment, climate change policies, and adoption of higher safety standards. Major trends in the forecast period include the use of digital technologies, integration with renewable energy projects, shift to ultra-deepwater drilling, advances in seismic imaging, and adoption of digital twin technology. For further insights on the Offshore Drilling market, request a sample here

How is the Offshore Drilling market segmented?

The offshore drilling market covered in this report is segmented –
1) By Services: Contract Drilling, Directional Drilling, Logging While Drilling, Measurement While Drilling
2) By Platform: Jack-Up Rigs, Floating, Semisubmersibles, Drillships, Other Platforms
3) By Application: Ultra-Deep Water Drilling, Shallow Water Drilling, Deep Water Drilling
Subsegments:
1) By Contract Drilling: Jack-Up Rig Drilling, Semi-Submersible Rig Drilling, Drillship Drilling, Floating Production Storage and Offloading (FPSO) Drilling
2) By Directional Drilling: Horizontal Drilling, Extended Reach Drilling (ERD), Multi-Lateral Drilling, Underbalanced Drilling
3) By Logging While Drilling: Real-Time Data Logging, Reservoir Evaluation, Wellbore Imaging, Formation Evaluation
4) By Measurement While Drilling: Wellbore Positioning, Drilling Performance Monitoring, Geosteering, Mud Motor Monitoring For further insights on the Offshore Drilling market,
request a sample here

Which region has the largest share of the Offshore Drilling market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the offshore drilling market in 2024. The regions covered in the offshore drilling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the Offshore Drilling market, request a sample here.

Who are the major players in the Offshore Drilling market?

Major companies operating in the offshore drilling market are focusing on integrating robotics and artificial intelligence with drilling solutions to gain a competitive edge. Robotics and artificial intelligence (AI) refer to the integration of automated machines with advanced algorithms to perform tasks that typically require human intelligence and dexterity. For instance, in January 2024, Schlumberger, a US-based oilfield services company, launched autonomous drilling operations on the Peregrino C platform with the Delfi digital platform in collaboration with Equinor, a Norway-based petroleum refining company, to enhance operational efficiency, improve safety measures, and optimize overall drilling performance. The platform includes DrillOps and DrillPlan solutions, leveraging cloud-based applications, AI, physics-based science, and seamless data integration to enhance exploration, development, drilling, production, and new energy operations. SLB and Equinor achieved a major milestone in autonomous drilling with 99% of a 2.6-kilometer section drilled autonomously on the Peregrino C platform, enhancing efficiency and reducing costs. The use of SLB's digital drilling solutions significantly improved drilling speed and carbon footprint.. For further insights on the Offshore Drilling market, request a sample here.

What are the key trends in the Offshore Drilling market?

Major trends in the Offshore Drilling market include Development Of Autonomous Offshore Drilling. For further insights on the Offshore Drilling market, request a sample here.

What are the major opportunities in the Offshore Drilling market? What are the strategies for the Offshore Drilling market?

For detailed insights on the major opportunities and strategies in the Offshore Drilling market, request a sample here.

How does the Offshore Drilling market relate to the overall economy and other similar markets?

For detailed insights on Offshore Drilling's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the Offshore Drilling industry?

For detailed insights on the mergers and acquisitions in the Offshore Drilling industry, request a sample here.

What are the key dynamics influencing the Offshore Drilling market growth? SWOT analysis of the Offshore Drilling market.

For detailed insights on the key dynamics influencing the Offshore Drilling market growth and SWOT analysis of the Offshore Drilling industry, request a sample here.