Drilling for Offshore Oil and Gas - Europe and the Former Soviet Union

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 – Europe and the former Soviet Union

http://www.reportlinker.com/p0188838/Drilling-for-Offshore-Oil-and-Gas-Europe-and-the-former-Soviet-Union.html?d=CPDAIN45

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

• From an estimated $51 billion between 2005 and 2009, drilling expenditure in Western Europe is forecast to grow slightly to $54 billion over the five years from 2010 to 2014. Comprising 17 per cent of global spending in 2009, this percentage is expected to decline to around 13 per cent by 2014 as activity reduces, compared to the large deep water regions.
• Eastern Europe and the FSU attract just 3 per cent of global offshore drilling spending due to the region's relatively small offshore area and low potential outside the Caspian Sea and Black Seas, and offshore Sakhalin Island and the Arctic waters of Russia.
• Over the last five years it is estimated that $57 billion was spent on shallow water drilling in Europe and the FSU, representing 95 per cent of all drilling expenditure. Meanwhile just $3 billion was spent on deep water drilling.

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

• Spending

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 EUROPE AND THE FSU

• Western Europe Introduction

• Northwest Europe

• Southern Europe

• Eastern Europe and FSU introduction

• Eastern Europe (not FSU)

• The former Soviet Union

SPENDING IN EUROPE AND FSU

• Introduction

• The spending model

• Western Europe

• Eastern Europe and the FSU

• 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: Europe and FSU East drilling numbers 1995 to 2014

Figure 2: OFFSHORE DRILLING: Europe and FSU 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

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Oil and Gas energy Industry: Drilling for Offshore Oil and Gas – Europe and the former Soviet Union

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