Reportlinker Adds Drilling for Offshore Oil and Gas - Global

NEW YORK, Aug. 25 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Drilling for Offshore Oil and Gas - Global

http://www.reportlinker.com/p0284525/Drilling-for-Offshore-Oil-and-Gas---Global.html

Introduction

The report analyses the global offshore drilling market providing historic drilling and spending trends in the period 2005 to 2009 and forecast trends over the period 2010 to 2014. The report discusses key drilling events in each country of the region including a synthesis of shallow versus deep water spending and exploratory versus development spending.

Scope

*The report aims to fully explain, quantify and cost the regional offshore drilling market.

*Drilling mainly occurs in areas where oil and/or gas production has been achieved. Only a very few wells are drilled in high-risk regions where it is hoped that production will be achieved in the future.

Highlights

The report provides historic drilling and spending trends over the period 2005 to 2009 and forecast trends over the period 2010 to 2014.

Reasons to Purchase

*Understand and quantify global offshore drilling market.

*Assess future offshore drilling opportunities globally.

OVERVIEW 1

Catalyst 1

Content summary 1

Methodology 2

Offshore well definitions 2

Deep water definitions 2

Forecasting drilling numbers 3

Expenditure modeling 3

Segmentation 4

EXECUTIVE SUMMARY 5

Introduction 5

Regional drilling 6

Exploratory drilling 6

Development drilling 7

Sector spending 8

Regional spending 9

Regional summaries 10

Global drilling 10

Global spending 10

The Americas 10

Europe and the former Soviet Union 11

Africa and the Middle East 11

The Asia Pacific 12

TABLE OF CONTENTS 13

TABLE OF FIGURES 13

TABLE OF TABLES 14

THE TOOLS OF OFFSHORE DRILLING 14

Foundations of drilling 14

Early drilling 14

Introduction of rotary drilling 16

The move offshore 16

Introduction of purpose-built offshore rigs 18

The offshore drilling rig 18

Platform rigs and tenders 20

Barges and submersibles 21

Jackups 22

Drillships 23

Semisubmersibles 25

Deep water drilling 26

Deep water rig features 29

The current rig market 29

Current well numbers 31

REVIEW OF DRILLING TECHNOLOGY 32

Introduction 32

Exploration wells 32

Appraisal wells 33

Development wells 34

Injection development wells 35

Horizontal and extended-reach development wells 36

Multilateral development wells 37

Slimhole development wells 38

Re-entry development wells 38

Rotary drilling procedures 39

Risers 41

Rotary drilling mechanics 42

Power 42

Hoisting 42

Rotating 43

Circulating 44

Well control 45

Measurement 45

Well depth 45

Horizon depth 46

Total depth 46

Services: rigs 47

Mobilization and installation 48

Services: geoscience 49

Mud logging services 50

Detection of hydrocarbons 52

Coring services 53

Downhole logging services 53

Log types 54

Services: engineering 55

Site and location surveys 56

Drilling fluids and waste management 57

Water-based muds 58

Oil and synthetic-based muds 58

Other fluids 59

Waste management 60

The bit program 60

Directional drilling 62

Monitoring- and logging-while-drilling 62

Top drives 64

Casing and cementing 65

Casing procedure 66

Fixing casing 67

Other materials and contingent services 68

Mechanical failure 68

Well control 69

Near-surface instability 71

Lost circulation and salt 71

Unwanted gases 72

Hazardous climatic conditions 72

Well testing 73

Perforating 74

Drillstem testing 74

Fracturing and acidizing 75

Repeat formation testing 76

Leaving the well 76

Services: support 77

Transport 77

Financial and miscellaneous support 78

DRILLING IN THE AMERICAS 81

North America 85

The US 85

The Gulf of Mexico 85

Other US 86

Canada 86

Greenland 87

Central America 88

Mexico 88

The Caribbean islands 89

South America 91

Venezuela 91

Brazil 92

Other South America 92

DRILLING IN EUROPE AND THE FSU 95

Northwest Europe 99

The UK 99

Norway 100

Other North Sea 101

Other Northwest Europe 101

Southern Europe 103

Eastern Europe (not FSU) 104

The former Soviet Union 104

Russia 104

Other European FSU 105

Azerbaijan 106

Kazakhstan 106

Turkmenistan 107

DRILLING IN AFRICA AND THE MIDDLE EAST 108

North and Northwest Africa 112

Egypt 112

Libya and Tunisia 113

Other North and Northwest Africa 113

West Africa 115

Cote d'Ivoire 115

Ghana, Benin and Togo 116

Nigeria and São Tome and Principe 116

Cameroon 117

Equatorial Guinea 117

Gabon and the Congos 118

Angola and Namibia 118

South and East Africa 119

South Africa 119

Other South and East Africa 120

The Middle East 121

Iran 121

Kuwait 121

Saudi Arabia 122

Qatar and Bahrain 122

United Arab Emirates 123

Other Middle East 123

DRILLING IN ASIA PACIFIC 125

North Asia 129

China 129

Other North Asia 130

South Asia 131

Pakistan and India 131

Other South Asia 132

Southeast Asia 133

Indonesia 133

Malaysia and Brunei 134

Myanmar 135

Thailand 136

Vietnam 136

Other Southeast Asia 136

Australasia 137

Australia 137

Other Australasia 138

GLOBAL DRILLING SUMMARIES 141

Shallow exploratory drilling summary 143

Deep exploratory drilling summary 145

Shallow development drilling summary 147

Deep development drilling summary 150

Shallow versus deep drilling summary 151

Exploratory versus development drilling summary 153

SECTOR SPENDING 155

Introduction 155

The spending model 156

Service cost movements 158

Rig days 160

Rig sector spending 162

Global rig rates 164

Mobilization and demobilization prices 166

Summary of rig sector spending 167

Engineering sector spending 169

Location service prices 170

Drilling fluid and waste management rates 170

Drilling bit rates 170

Directional and LWD service rates 171

Casing and cementing prices 171

Other rents and materials rates 171

General engineering service rates 172

Testing, completion or abandonment prices 172

Summary of engineering sector spending 173

Geoscience sector spending 175

Wireline and pipe-conveyed logging and coring prices 176

Mud logging rates 176

General geoscience service rates 176

Summary of geoscience sector spending 177

Support sector spending 179

Transport rates 179

Other support service rates 180

Summary of support sector spending 181

SECTOR SPENDING SUMMARIES 183

Shallow water sector spending 183

Deep water sector spending 185

All sector spending 187

SPENDING IN THE AMERICAS 189

North America 189

Latin America 191

SPENDING IN EUROPE AND THE FSU 193

Western Europe 193

Eastern Europe and the FSU 195

SPENDING IN AFRICA AND THE MIDDLE EAST 197

Africa 197

The Middle East 199

SPENDING IN ASIA PACIFIC 201

Asia 201

Australasia 203

GLOBAL SPENDING SUMMARIES 205

Shallow exploratory well spending summary 209

Deep exploratory well spending summary 211

Shallow development well spending summary 213

Deep development well spending summary 216

Shallow versus deep spending summary 218

Exploratory versus development spending summary 219

INNOVATIONS IN DRILLING 221

Introduction 221

Evolving drilling techniques 221

The longer-term future 232

Conclusion 235

APPENDIX 236

Industry abbreviations 236

Data sources 245

Conventions used 245

Ask the analyst 245

Datamonitor consulting 245

Disclaimer 246

LIST OF TABLES

Table 1: OFFSHORE DRILLING: Global well drilling forecast by region to 2014 142

Table 2: OFFSHORE DRILLING: Global well drilling forecast by water depth to 2014 143

Table 3: OFFSHORE DRILLING: Global shallow exploratory well forecast by region to 2014 144

Table 4: OFFSHORE DRILLING: Global deep exploratory well forecast by region to 2014 146

Table 5: OFFSHORE DRILLING: Global shallow development well forecast by region to 2014 148

Table 6: OFFSHORE DRILLING: Global deep development well forecast by region to 2014 150

Table 7: OFFSHORE DRILLING: Global well drilling, comparison by water depth to 2014 152

Table 8: OFFSHORE DRILLING: Global well drilling, comparison by well type to 2014 153

Table 9: OFFSHORE DRILLING: Market analysis, jackups and floaters to 2014 164

Table 10: OFFSHORE DRILLING: Market analysis, jackup and floater rig day rates to 2014 165

Table 11: OFFSHORE DRILLING: Shallow water sector spending forecast to 2014 184

Table 12: OFFSHORE DRILLING: Deep water sector spending forecast to 2014 186

Table 13: OFFSHORE DRILLING: All water depths sector spending forecast to 2014 187

Table 14: OFFSHORE DRILLING: Water depths summary spending forecast to 2014 188

Table 15: OFFSHORE DRILLING: Global spending forecast to 2014 207

Table 16: OFFSHORE DRILLING: Well type and water depth spending forecast to 2014 209

Table 17: OFFSHORE DRILLING: Global shallow exploratory well spending forecast to 2014 211

Table 18: OFFSHORE DRILLING: Global deep exploratory well spending forecast to 2014 213

Table 19: OFFSHORE DRILLING: Global shallow development well spending forecast to 2014 215

Table 20: OFFSHORE DRILLING: Global deep development well spending forecast to 2014 217

Table 21: OFFSHORE DRILLING: Global well drilling, comparison by water depth to 2014 219

Table 22: OFFSHORE DRILLING: Global well drilling, comparison by well type to 2014 220

LIST OF FIGURES

Figure 1: OFFSHORE DRILLING: global drilling numbers 1995 to 2014 6

Figure 2: OFFSHORE DRILLING: global sector spends in report period 8

Figure 3: OFFSHORE DRILLING: global regional spends in report period 9

Figure 4: Reconstruction of the Drake well in Titusville, Pennsylvania 15

Figure 5: Drake engine (background) and drill string/casing (foreground) 15

Figure 6: An early rotary drilling rig 16

Figure 7: Lake Caddo, site of the first well over water 17

Figure 8: OFFSHORE DRILLING: rig shares in the market in 2009 19

Figure 9: Pair of rigs on the Hibernia concrete platform 20

Figure 10: Drilling tender alongside a tension leg platform (TLP) 21

Figure 11: Drilling barge on Lake Erie 22

Figure 12: The Galaxy I cantilever jackup, built 1991 23

Figure 13: The Glomar Jack Ryan drillship, built in 2000 24

Figure 14: The deck and derrick of a drillship 24

Figure 15: The Transocean Marianas, built in 1998 25

Figure 16: The riser above sea level in a semisubmersible 26

Figure 17: OFFSHORE DRILLING: Drilling in increased water depths 27

Figure 18: OFFSHORE DRILLING: Forecast shares of new rig deliveries to 2014 30

Figure 19: OFFSHORE DRILLING: Rig market dynamics 31

Figure 20: The substructure and derrick of an old semisubmersible rig 40

Figure 21: Diagram of a drilling riser 41

Figure 22: A kelly in a kelly bushing in the drill floor, drilling ahead 43

Figure 23: Shale-shakers on a drillship 44

Figure 24: Drilling hands on the drill floor in a non-automated environment 47

Figure 25: A helicopter leaving a helideck mounted at the stern of a drillship 48

Figure 26: A typical mud log screen shot 51

Figure 27: Tri-cone milled, TCI and black diamond PDC bits 61

Figure 28: LWD tool behind the bit 63

Figure 29: Hydraulic top drive 65

Figure 30: Typical casing program in a medium-depth well 66

Figure 31: Diagram of production casing 67

Figure 32: A blowout preventer stack 69

Figure 33: A horse-drawn explosives cart used in the 19th century 75

Figure 34: A workboat operating with a semisubmersible 77

Figure 35: OFFSHORE DRILLING: Notional cost breakdown for an exploration license 79

Figure 36: OFFSHORE DRILLING: Hypothetical cash flow for a development drilling project 80

Figure 37: OFFSHORE DRILLING: North America well share in 2009 81

Figure 38: OFFSHORE DRILLING: North America well drilling forecast to 2014 82

Figure 39: OFFSHORE DRILLING: Latin America well share in 2009 83

Figure 40: OFFSHORE DRILLING: Latin America well drilling forecast to 2014 84

Figure 41: OFFSHORE DRILLING: Central America well drilling forecast to 2014 88

Figure 42: OFFSHORE DRILLING: South America well drilling forecast to 2014 91

Figure 43: OFFSHORE DRILLING: Western Europe well share in 2009 95

Figure 44: OFFSHORE DRILLING: Western Europe well drilling forecast to 2014 96

Figure 45: OFFSHORE DRILLING: Eastern Europe & FSU well share in 2009 97

Figure 46: OFFSHORE DRILLING: Eastern Europe & FSU well drilling forecast to 2014 98

Figure 47: OFFSHORE DRILLING: Northwest Europe well drilling forecast to 2014 99

Figure 48: OFFSHORE DRILLING: Southern Europe well drilling forecast to 2014 103

Figure 49: OFFSHORE DRILLING: Africa well share in 2009 108

Figure 50: OFFSHORE DRILLING: Africa well drilling forecast to 2014 109

Figure 51: OFFSHORE DRILLING: Middle East well share in 2009 110

Figure 52: OFFSHORE DRILLING: Middle East well drilling forecast to 2014 111

Figure 53: OFFSHORE DRILLING: North & Northwest Africa well drilling forecast to 2014 112

Figure 54: OFFSHORE DRILLING: West Africa well drilling forecast to 2014 115

Figure 55: OFFSHORE DRILLING: South and East Africa well drilling forecast to 2014 119

Figure 56: OFFSHORE DRILLING: Asia well share in 2009 125

Figure 57: OFFSHORE DRILLING: Asia well drilling forecast to 2014 126

Figure 58: OFFSHORE DRILLING: Australasia well share in 2009 127

Figure 59: OFFSHORE DRILLING: Australasia well drilling forecast to 2014 128

Figure 60: OFFSHORE DRILLING: North Asia well drilling forecast to 2014 129

Figure 61: OFFSHORE DRILLING: South Asia well drilling forecast to 2014 131

Figure 62: OFFSHORE DRILLING: Southeast Asia well drilling forecast to 2014 133

Figure 63: OFFSHORE DRILLING: Global well drilling forecast by region to 2014 141

Figure 64: OFFSHORE DRILLING: Global well share by water depth in 2009 143

Figure 65: OFFSHORE DRILLING: Global shallow exploratory well forecast by region to 2014 145

Figure 66: OFFSHORE DRILLING: Global deep exploratory well forecast by region to 2014 147

Figure 67: OFFSHORE DRILLING: Global shallow development well forecast by region to 2014 149

Figure 68: OFFSHORE DRILLING: Global deep development well forecast by region to 2014 151

Figure 69: OFFSHORE DRILLING: Global well drilling, comparison by water depth to 2014 152

Figure 70: OFFSHORE DRILLING: Global well drilling, comparison by well type to 2014 154

Figure 71: OFFSHORE DRILLING: Global sector spending shares in 2009 155

Figure 72: OFFSHORE DRILLING: Global sector spending forecast to 2014 156

Figure 73: OFFSHORE DRILLING: Price movement dynamics 158

Figure 74: OFFSHORE DRILLING: Global sector spending, comparison wells and spends 160

Figure 75: OFFSHORE DRILLING: Global rig sector spending share in 2009 162

Figure 76: OFFSHORE DRILLING: Rig sector spending shares in 2009 167

Figure 77: OFFSHORE DRILLING: Rig sector spending forecast to 2014 168

Figure 78: OFFSHORE DRILLING: Global engineering sector spending share in 2009 169

Figure 79: OFFSHORE DRILLING: Engineering sector spending shares in 2009 173

Figure 80: OFFSHORE DRILLING: Engineering sector spending forecast to 2014 174

Figure 81: OFFSHORE DRILLING: Global geoscience sector spending share in 2009 175

Figure 82: OFFSHORE DRILLING: Geoscience sector spending shares in 2009 177

Figure 83: OFFSHORE DRILLING: Gesocience sector spending forecast to 2014 178

Figure 84: OFFSHORE DRILLING: Global support sector spending share in 2009 179

Figure 85: OFFSHORE DRILLING: Support sector spending shares in 2009 181

Figure 86: OFFSHORE DRILLING: Geoscience sector spending forecast to 2014 182

Figure 87: OFFSHORE DRILLING: Shallow water sector spending shares in 2009 183

Figure 88: OFFSHORE DRILLING: Deep water sector spending shares in 2009 185

Figure 89: OFFSHORE DRILLING: North America spending share in 2009 189

Figure 90: OFFSHORE DRILLING: North America spending forecast to 2014 190

Figure 91: OFFSHORE DRILLING: Latin America spending share in 2009 191

Figure 92: OFFSHORE DRILLING: Latin America spending forecast to 2014 192

Figure 93: OFFSHORE DRILLING: Western Europe spending share in 2009 193

Figure 94: OFFSHORE DRILLING: Western Europe spending forecast to 2014 194

Figure 95: OFFSHORE DRILLING: Eastern Europe & FSU spending share in 2009 195

Figure 96: OFFSHORE DRILLING: Eastern Europe & FSU spending forecast to 2014 196

Figure 97: OFFSHORE DRILLING: Africa spending share in 2009 197

Figure 98: OFFSHORE DRILLING: Africa spending forecast to 2014 198

Figure 99: OFFSHORE DRILLING: Middle East spending share in 2009 199

Figure 100: OFFSHORE DRILLING: Middle East spending forecast to 2014 200

Figure 101: OFFSHORE DRILLING: Asia spending share in 2009 201

Figure 102: OFFSHORE DRILLING: Asia spending forecast to 2014 202

Figure 103: OFFSHORE DRILLING: Australasia spending share in 2009 203

Figure 104: OFFSHORE DRILLING: Australasia spending forecast to 2014 204

Figure 105: OFFSHORE DRILLING: Global spending shares in 2009 205

Figure 106: OFFSHORE DRILLING: Global spending forecast to 2014 206

Figure 107: OFFSHORE DRILLING: Well type and water depth spending share in 2009 208

Figure 108: OFFSHORE DRILLING: Well type and water depth spending forecast to 2014 209

Figure 109: OFFSHORE DRILLING: Global shallow exploratory well spending forecast to 2014 210

Figure 110: OFFSHORE DRILLING: Global deep exploratory well spending forecast to 2014 212

Figure 111: OFFSHORE DRILLING: Global shallow development well spending forecast to 2014 214

Figure 112: OFFSHORE DRILLING: Global deep development well spending forecast to 2014 216

Figure 113: OFFSHORE DRILLING: Global well spending, comparison by water depth to 2014 218

Figure 114: OFFSHORE DRILLING: Global well drilling, comparison by well type to 2014 220

Figure 115: Diagram of the benefits of underbalanced drilling 222

Figure 116: A rotating control head 223

Figure 117: Dual gradient drilling with control head and subsea pump system 224

Figure 118: Riser-less drilling on the D/V Chikyu research vessel 226

Figure 119: Hybrid coiled tubing drilling rig, onshore Canada 227

Figure 120: Continuous circulation system 228

Figure 121: Casing drilling rig with top drive 229

Figure 122: Processes in installing expandable casing 230

Figure 123: Artist's impression of artificial buoyant seabed 233

Figure 124: Conceptual seabed drilling rig 234

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