Drilling for Offshore Oil and Gas - Americas

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Jul 07, 2010, 08:02 ET

NEW YORK, July 7 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Drilling for Offshore Oil and Gas – Americas

http://www.reportlinker.com/p0188840/Drilling-for-Offshore-Oil-and-Gas-Americas.html?d=CPDAIN42

Introduction

Offshore drilling represents nearly 50 per cent of offshore capex within the global E&P business. This report has been prepared in recognition of drilling's importance to the turnover of almost every oil and gas company and service provider working in the sector. Drilling has a fundamental role in the location and extraction of all the oil and gas production that can be realized from offshore locations.

The report explains, quantifies and costs the offshore drilling market, providing historic drilling and spending trends and forecast trends over the period 2010 to 2014. It presents a series of estimates and forecasts for drilling and spending on all offshore wells and discusses key drilling events in each country. It also provides a regional synthesis of shallow versus deep water spending and exploratory versus development spending, and includes a broad discussion of new and improved drilling technology, looking at how this may affect the drilling spend market over subsequent years.

Key findings and Highlights

Approximately 3,110 wells are estimated to have been drilled offshore North America from 2005 to 2009, with around 95 per cent in the Gulf of Mexico. A rounded total of 3,320 exploratory and development wells are forecast over the next five years, with around a quarter expected to be located in deep waters.
The only Latin American countries to have witnessed significant offshore drilling are Mexico, Trinidad and Tobago and Brazil. Approximately 1,516 wells were drilled from 2005 to 2009, with 90 per cent in these three nations. A rounded total of 1,815 exploratory and development wells are forecast to be drilled over the next five years.
Mexico's entire offshore region is licensed to Pemex Exploration and Production (PEP), the upstream subsidiary of Petroleos Mexicanos (PEMEX). PEP has been trying to increase its oil output, and for a while was achieving this, mainly from its offshore fields, but since 2004 production has been declining rapidly even as well numbers increase.

Reasons to buy

Develop a drilling investment strategy targeted around exploration and production hotspots
Evaluate likely technology driven growth opportunities created by the medium term evolution of the drilling sector
Analyze how drilling spending patterns will vary between different technology sectors and geographies over a five-year forecast period

OVERVIEW

• Catalyst

• Content summary

• Methodology

Executive summary

• Introduction

• Results and conclusions

THE TOOLS OF OFFSHORE DRILLING

• Foundations of drilling

• The offshore drilling rig

• Deep water drilling

• The current rig market

• Current well numbers

REVIEW OF DRILLING TECHNOLOGY

• Introduction

• Exploration wells

• Appraisal wells

• Development wells

• Rotary drilling procedures

• Rotary drilling mechanics

• Services: rigs

• Services: geoscience

• Services: engineering

• Services: support

DRILLING IN THE AMERICAS

• North America Introduction

• The United States

• Canada and Greenland

• Latin America introduction

• Central America

• South America

• Regional Drilling Summary

SPENDING IN THE AMERICAS

• Introduction

• The spending model

• North America

• Latin America

• Regional Spending Summary

INNOVATIONS IN DRILLING

• Introduction

• Evolving drilling techniques

• The longer-term future

• Conclusion

APPENDIX

• Industry abbreviations

• Data sources

• Conventions used

• Ask the analyst

• Datamonitor consulting

• Disclaimer

TABLE OF FIGURES

Figure 1: OFFSHORE DRILLING: Americas drilling numbers 1995 to 2014

Figure 2: OFFSHORE DRILLING: Americas spending numbers in report period

Figure 3: Reconstruction of the Drake well in Titusville, Pennsylvania Figure 4: Drake engine (background) and drill string/casing (foreground)

Figure 5: An early rotary drilling rig

Figure 6: Lake Caddo, site of the first well over water

Figure 7: OFFSHORE DRILLING: rig shares in the market in 2009 Figure 8: Pair of rigs on the Hibernia concrete platform

Figure 9: Drilling tender alongside a tension leg platform (TLP) Figure 10: Drilling barge on Lake Erie

Figure 11: The Galaxy I cantilever jackup, built 1991 Figure 12: The Glomar Jack Ryan drillship, built in 2000 Figure 13: The deck and derrick of a drillship

Figure 14: The Transocean Marianas, built in 1998

Figure 15: The riser above sea level in a semisubmersible

To order this report:

Oil and Gas energy Industry: Drilling for Offshore Oil and Gas – Americas

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