Welcome!

News Feed Item

World Land Drilling Rig Market Forecast 2013-2017

LONDON, Jan. 20, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:

World Land Drilling Rig Market Forecast 2013-2017

The outlook for growth in the drilling rig market is positive through to 2017. Following a 16% dip during the economic recession in 2008-2009, operational rigs grew by 6%, and these numbers are forecast to rise again from 2013-2017 by 23%. Rising global production targets and the increasing complexity of well requirements are likely to be key drivers of rig demand over the forecast period. Exploration and development in new regions and enhanced oil recovery in mature regions are subsequent drivers of growth.

Growth in oil demand from newly advanced economies is expected to continue and markets formerly inaccessible to Western contractors are allowing greater access to third party providers. Although the influence of international rig contractors is growing in some countries, markets with high rig counts, including China, India and Venezuela, remain dominated by national oil companies. NOCs continue to dominate the majority of markets within the MENA region; however, growing international contractor influence in the significant rig fleets of Iraq and Kuwait is likely to continue throughout the forecast period.

Where more complex well drilling requirements are increasing, rig fleets will need to modernise to maximise the efficiency of drilling operations. With many fields in the traditional producing regions of the world reaching maturity, unconventionals will account for an increasing proportion of the energy mix. Deviated and horizontal drilling is likely to increase as a result of this, driving demand for higher specification rigs which are capable of such complex techniques.

Despite the forecast growth, challenges remain as existing fields mature and new hydrocarbon resources increasingly demand rigs capable of deviated drilling. As enhanced oil recovery and fracturing techniques become more in demand, greater investment and addressing of environmental concerns will need to take place as the industry seeks to increase output from previously inaccessible reserves.

This unique and acclaimed report contains detailed analysis and in-depth country-level data providing a comprehensive view of the land drilling rig market through to 2017.

The report has been developed and expanded, following client feedback and extensive industry analysis, to include:

• Global land rig construction forecast by region for 2013-2017.
• Section on the evolution of the North American land fleet.
• A more detailed manufacturing section; with key elements of a land rig and the supply chain and sales process.
• Rig equipment trends for top drive systems & rotary steerable systems, automation & AC power and pad drilling & walking rigs.
• More focus on unconventional exploration and development.

Table of Contents

1. Summary & Conclusions

• Summary
• Conclusions

2. Drivers & Indicators

• Market Drivers
• Energy Demand
• Exploration & Production
• Oil & Gas Prices
• Oil & Gas Price Sensitivities
• Drilling, Complexity & Unconventional E&D
• North American Land Fleet Evolution
• Political Considerations: MENA
• Political Considerations: Local Content & Corruption

3. Methodology

• Rig Data, Analysis & Assumptions
• Drilling & Production Forecast: Methodology
• Differing Rig Counts
• Country Analysis: Definitions
• Country Analysis: Key Metrics

4. Manufacturing

• Overview: Key Elements of a Land Rig
• Supply Chain & Sales Process
• Key Components: Manufacturers
• Rig Equipment: OEM Manufacturer Ranking
• Global Top Drive Markets
• Rig Equipment Trends: Top Drive Systems & Rotary Steerable Systems
• Rig Equipment Trends: Automation & AC Power
• Rig Equipment Trends: Pad Drilling & Walking Rigs
• Land Rig Construction Forecast

5. Global Analysis

• Global Outlook
• Regional Rig Fleets
• Global Rig Fleet: Identified Drilling Rigs

6. Asia Analysis

Asia: Rig Supply and Demand
Asia: Identified Rigs (Competitive Landscape)
China
India
Indonesia
Pakistan
Thailand

7. Australasia Analysis

• Australasia: Rig Supply and Demand
• Australasia: Identified Rigs (Competitive Landscape)
Australia

8. Eastern Europe & FSU Analysis

Eastern Europe and FSU: Rig Supply and Demand
Eastern Europe and FSU: Identified Rigs (Competitive Landscape)
Azerbaijan
Kazakhstan
Poland
Romania
Russia

9. Latin America Analysis

Latin America: Rig Supply and Demand
Latin America: Identified Rigs (Competitive Landscape)
Argentina
Brazil
Colombia
Ecuador
Mexico
Peru
Venezuela

10. MENA Analysis

• MENA: Rig Supply and Demand
• MENA: Identified Rigs (Competitive Landscape)
Algeria
Egypt
Iran
Iraq
Kuwait
Libya
Oman
Saudi Arabia
Syria
Turkey
United Arab Emirates (UAE)
Yemen

11. North America Analysis

North America: Rig Supply and Demand
North America: Identified Rigs (Competitive Landscape)
Canada
USA

12. Sub-Saharan Africa Analysis

• Sub-Saharan Africa: Rig Supply and Demand
• Sub-Saharan Africa: Identified Rigs (Competitive Landscape)
Gabon
Nigeria
Sudan

13. Western Europe Analysis

Western Europe: Rig Supply and Demand
Western Europe: Identified Rigs (Competitive Landscape)

14. Appendix

• Summary: Current Activity and Outlook by Country
• Definitions
• Data and Text Conventions

Tables & Figures

• Figure 1: Global - Rig Fleet and Drilling Utilisation
• Figure 2: Active Drilling Rig Count by Region 2008-2017
• Figure 3: Primary Energy Consumption by Region
• Figure 4: Onshore Production Shortfall 1965-2011
• Figure 5: CERA Upstream Cost Index 2000-2012 (Q3)
• Figure 6: Annual Brent Spot Oil Price Forecast
• Figure 7: Henry Hub Natural Gas Prices: Actual & Forecast, Jan '04 - Dec '21
• Figure 8: Relative Sensitivities of Various Markets to Changes in Oil & Gas Prices
• Figure 9: A well being drilled horizontally, engaging in fracking
• Figure 10: USA Available vs. Active Land Rigs, 1988-2012
• Figure 11: Drilling Markets Affected by the Arab Spring
• Figure 12: Local Content and Corruption in MENA Countries
• Figure 13: Comparison of Historic Rig Counts, Saudi Arabia
• Figure 14: Usable Fleet vs. Operating vs. Drilling, Saudi Arabia
• Figure 15: UAE - Rig Fleet and Implied Utilisation
• Figure 16: UAE - Wells Drilled vs. Rigs Operational
• Figure 17: UAE - Estimated Split of Market Share by Contractor & Type
• Figure 18: Key Elements of a Land Rig
• Figure 19: Land Drilling Supply Chain
• Figure 20: Onshore Rigs: Current Fleet in Use
• Figure 21: Pad Drilling
• Figure 22: Typical Drilling Pad
• Figure 23: Land Rig Construction Forecast by Region, 2008-2017
• Figure 24: Global - Rig Fleet and Drilling Utilisation
• Figure 25: UAE - Wells Drilled vs. Rigs Operational
• Figure 26: Number and Specification of Identified Drilling Rigs in Each Country
• Figure 27: Asia - Rig Fleet and Drilling Utilisation
• Figure 28: Asia - Wells Drilled vs. Rigs Operational
• Figure 29: China - Rig Fleet and Drilling Utilisation
• Figure 30: China - Wells Drilled vs. Rigs Operational
• Figure 31: China - Estimated Split of Market Share by Contractor & Type
• Figure 32: China - Fleet HP
• Figure 33: India - Rig Fleet and Drilling Utilisation
• Figure 34: India - Wells Drilled vs. Rigs Operational
• Figure 35: India - Estimated Split of Market Share by Contractor & Type
• Figure 36: India - Fleet HP
• Figure 37: Indonesia - Rig Fleet and Drilling Utilisation
• Figure 38: Indonesia - Wells Drilled vs. Rigs Operational
• Figure 39: Indonesia - Estimated Split of Market Share by Contractor & Type
• Figure 40: Indonesia - Fleet HP
• Figure 41: Pakistan - Rig Fleet and Drilling Utilisation
• Figure 42: Pakistan - Wells Drilled vs. Rigs Operational
• Figure 43: Pakistan - Estimated Split of Market Share by Contractor & Type
• Figure 44: Pakistan - Fleet HP
• Figure 45: Thailand - Rig Fleet and Drilling Utilisation
• Figure 46: Thailand - Wells Drilled vs. Rigs Operational
• Figure 47: Thailand - Estimated Split of Market Share by Contractor & Type
• Figure 48: Thailand - Fleet HP
• Figure 49: Australasia - Rig Fleet and Drilling Utilisation
• Figure 50: Australasia - Wells Drilled vs. Rigs Operational
• Figure 51: Australia - Rig Fleet and Drilling Utilisation
• Figure 52: Australia - Wells Drilled vs. Rigs Operational
• Figure 53: Australia - Estimated Split of Market Share by Contractor & Type
• Figure 54: Australia - Fleet HP
• Figure 55: Eastern Europe & FSU - Rig Fleet and Drilling Utilisation
• Figure 56: Eastern Europe & FSU - Wells Drilled vs. Rigs Operational
• Figure 57: Azerbaijan - Rig Fleet and Drilling Utilisation
• Figure 58: Azerbaijan - Wells Drilled vs. Rigs Operational
• Figure 59: Azerbaijan - Estimated Split of Market Share by Contractor & Type
• Figure 60: Azerbaijan - Fleet HP
• Figure 61: Kazakhstan - Rig Fleet and Drilling Utilisation
• Figure 62: Kazakhstan - Wells Drilled vs. Rigs Operational
• Figure 63: Kazakhstan - Estimated Split of Market Share by Contractor & Type
• Figure 64: Kazakhstan - Fleet HP
• Figure 65: Poland - Rig Fleet and Drilling Utilisation
• Figure 66: Poland - Wells Drilled vs. Rigs Operational
• Figure 67: Poland - Estimated Split of Market Share by Contractor & Type
• Figure 68: Poland - Fleet HP
• Figure 69: Romania - Rig Fleet and Drilling Utilisation
• Figure 70: Romania - Wells Drilled vs. Rigs Operational
• Figure 71: Romania - Estimated Split of Market Share by Contractor & Type
• Figure 72: Romania - Fleet HP
• Figure 73: Russia - Rig Fleet and Drilling Utilisation
• Figure 74: Russia - Wells Drilled vs. Rigs Operational
• Figure 75: Russia - Estimated Split of Market Share by Contractor & Type
• Figure 76: Russia - Fleet HP
• Figure 77: Latin America - Rig Fleet and Drilling Utilisation
• Figure 78: Latin America - Wells Drilled vs. Rigs Operational
• Figure 79: Argentina - Rig Fleet and Drilling Utilisation
• Figure 80: Argentina - Wells Drilled vs. Rigs Operational
• Figure 81: Argentina - Estimated Split of Market Share by Contractor & Type
• Figure 82: Argentina - Fleet HP
• Figure 83: Brazil - Rig Fleet and Drilling Utilisation
• Figure 84: Brazil - Wells Drilled vs. Rigs Operational
• Figure 85: Brazil - Estimated Split of Market Share by Contractor & Type
• Figure 86: Brazil - Fleet HP
• Figure 87: Colombia - Rig Fleet and Drilling Utilisation
• Figure 88: Colombia - Wells Drilled vs. Rigs Operational
• Figure 89: Colombia - Estimated Split of Market Share by Contractor & Type
• Figure 90: Colombia - Fleet HP
• Figure 91: Ecuador - Rig Fleet and Drilling Utilisation
• Figure 92: Ecuador - Wells Drilled vs. Rigs Operational
• Figure 93: Equador - Estimated Split of Market Share by Contractor & Type
• Figure 94: Equador - Fleet HP
• Figure 95: Mexico - Rig Fleet and Drilling Utilisation
• Figure 96: Mexico - Wells Drilled vs. Rigs Operational
• Figure 97: Mexico - Estimated Split of Market Share by Contractor & Type
• Figure 98: Mexico - Fleet HP
• Figure 99: Peru - Rig Fleet and Drilling Utilisation
• Figure 100: Peru - Wells Drilled vs. Rigs Operational
• Figure 101: Peru - Estimated Split of Market Share by Contractor & Type
• Figure 102: Peru - Fleet HP
• Figure 103: Venezuela - Rig Fleet and Drilling Utilisation
• Figure 104: Venezuela - Wells Drilled vs. Rigs Operational
• Figure 105: Venezuela - Estimated Split of Market Share by Contractor & Type
• Figure 106: Venezuela - Fleet HP
• Figure 107: MENA - Rig Fleet and Drilling Utilisation
• Figure 108: MENA - Wells Drilled vs. Rigs Operational
• Figure 109: Algeria - Rig Fleet and Drilling Utilisation
• Figure 110: Algeria - Wells Drilled vs. Rigs Operational
• Figure 111: Algeria - Estimated Split of Market Share by Contractor & Type
• Figure 112: Algeria - Fleet HP
• Figure 113: Egypt - Rig Fleet and Drilling Utilisation
• Figure 114: Egypt - Wells Drilled vs. Rigs Operational
• Figure 115: Egypt - Estimated Split of Market Share by Contractor & Type
• Figure 116: Egypt - Fleet HP
• Figure 117: Iran - Rig Fleet and Drilling Utilisation
• Figure 118: Iran - Wells Drilled vs. Rigs Operational
• Figure 119: Iran - Estimated Split of Market Share by Contractor & Type
• Figure 120: Iran - Fleet HP
• Figure 121: Iraq - Rig Fleet and Drilling Utilisation
• Figure 122: Iraq - Wells Drilled vs. Rigs Operational
• Figure 123: Iraq - Estimated Split of Market Share by Contractor & Type
• Figure 124: Iraq - Fleet HP
• Figure 125: Kuwait - Rig Fleet and Drilling Utilisation
• Figure 126: Kuwait - Wells Drilled vs. Rigs Operational
• Figure 127: Kuwait - Estimated Split of Market Share by Contractor & Type
• Figure 128: Kuwait - Fleet HP
• Figure 129: Libya - Rig Fleet and Drilling Utilisation
• Figure 130: Libya - Wells Drilled vs. Rigs Operational
• Figure 131: Libya - Estimated Split of Market Share by Contractor & Type
• Figure 132: Libya - Fleet HP
• Figure 133: Oman - Rig Fleet and Drilling Utilisation
• Figure 134: Oman - Wells Drilled vs. Rigs Operational
• Figure 135: Oman - Estimated Split of Market Share by Contractor & Type
• Figure 136: Oman - Fleet HP
• Figure 137: Saudi Arabia - Rig Fleet and Drilling Utilisation
• Figure 138: Saudi Arabia - Wells Drilled vs. Rigs Operational
• Figure 139: Saudi Arabia - Estimated Split of Market Share by Contractor & Type
• Figure 140: Saudi Arabia - Fleet HP
• Figure 141: Syria - Rig Fleet and Drilling Utilisation
• Figure 142: Syria - Wells Drilled vs. Rigs Operational
• Figure 143: Syria - Estimated Split of Market Share by Contractor & Type
• Figure 144: Syria - Fleet HP
• Figure 145: Turkey - Rig Fleet and Drilling Utilisation
• Figure 146: Turkey - Wells Drilled vs. Rigs Operational
• Figure 147: Turkey - Estimated Split of Market Share by Contractor & Type
• Figure 148: Turkey - Fleet HP
• Figure 149: UAE - Rig Fleet and Drilling Utilisation
• Figure 150: UAE - Wells Drilled vs. Rigs Operational
• Figure 151: UAE - Estimated Split of Market Share by Contractor & Type
• Figure 152: UAE - Fleet HP
• Figure 153: Yemen - Rig Fleet and Drilling Utilisation
• Figure 154: Yemen - Wells Drilled vs. Rigs Operational
• Figure 155: Yemen - Estimated Split of Market Share by Contractor & Type
• Figure 156: Yemen - Fleet HP
• Figure 157: North America - Rig Fleet and Drilling Utilisation
• Figure 158: North America - Wells Drilled vs. Rigs Operational
• Figure 159: Canada - Rig Fleet and Drilling Utilisation
• Figure 160: Canada - Wells Drilled vs. Rigs Operational
• Figure 161: Canada - Estimated Split of Market Share by Contractor & Type
• Figure 162: Canada - Fleet HP
• Figure 163: USA - Rig Fleet and Drilling Utilisation
• Figure 164: USA - Wells Drilled vs. Rigs Operational
• Figure 165: USA - Estimated Split of Market Share by Contractor & Type
• Figure 166: USA - Fleet HP
• Figure 167: Sub-Saharan Africa - Rig Fleet and Drilling Utilisation
• Figure 168: Sub-Saharan Africa - Wells Drilled vs. Rigs Operational
• Figure 169: Gabon - Rig Fleet and Drilling Utilisation
• Figure 170: Gabon - Wells Drilled vs. Rigs Operational
• Figure 171: Gabon - Estimated Split of Market Share by Contractor & Type
• Figure 172: Gabon - Fleet HP
• Figure 173: Nigeria - Rig Fleet and Drilling Utilisation
• Figure 174: Nigeria - Wells Drilled vs. Rigs Operational
• Figure 175: Nigeria - Estimated Split of Market Share by Contractor & Type
• Figure 176: Nigeria - Fleet HP
• Figure 177: Sudan - Rig Fleet and Drilling Utilisation
• Figure 178: Sudan - Wells Drilled vs. Rigs Operational
• Figure 179: Sudan - Estimated Split of Market Share by Contractor & Type
• Figure 180: Sudan - Fleet HP
• Figure 181: Western Europe - Rig Fleet and Drilling Utilisation
• Figure 182: Western Europe - Wells Drilled vs. Rigs Operational
• Table 1: Global Identified Rig Fleet and Implied Utilisation
• Table 2: Regional Rig Fleets
• Table 3: Asia Identified Rigs
• Table 4: Australasian Identified Rigs
• Table 5: Eastern Europe & FSU Identified Rigs
• Table 6: Latin America Identified Rigs
• Table 7: MENA Identified Rigs
• Table 8: North America Identified Rigs
• Table 9: Sub-Saharan Africa Identified Rigs
• Table 10: Western Europe Identified Rigs
• Table 11: Summary: Current Activity and Outlook by Country
• Table 12: Land Drilling Definitions

Read the full report:
World Land Drilling Rig Market Forecast 2013-2017
http://www.reportbuyer.com/energy_utilities/oil_gas/exploration_production/world_land_drilling_rig_market_forecast.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=NoCategory

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]  
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

SOURCE ReportBuyer

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, discussed the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information.
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Karthik Lalithraj, a Principal Solutions Architect at Kinetica, discussed how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
In the enterprise today, connected IoT devices are everywhere – both inside and outside corporate environments. The need to identify, manage, control and secure a quickly growing web of connections and outside devices is making the already challenging task of security even more important, and onerous. In his session at @ThingsExpo, Rich Boyer, CISO and Chief Architect for Security at NTT i3, discussed new ways of thinking and the approaches needed to address the emerging challenges of security i...
"We want to show that our solution is far less expensive with a much better total cost of ownership so we announced several key features. One is called geo-distributed erasure coding, another is support for KVM and we introduced a new capability called Multi-Part," explained Tim Desai, Senior Product Marketing Manager at Hitachi Data Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
FinTechs use the cloud to operate at the speed and scale of digital financial activity, but are often hindered by the complexity of managing security and compliance in the cloud. In his session at 20th Cloud Expo, Sesh Murthy, co-founder and CTO of Cloud Raxak, showed how proactive and automated cloud security enables FinTechs to leverage the cloud to achieve their business goals. Through business-driven cloud security, FinTechs can speed time-to-market, diminish risk and costs, maintain continu...
DX World EXPO, LLC., a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
"The Striim platform is a full end-to-end streaming integration and analytics platform that is middleware that covers a lot of different use cases," explained Steve Wilkes, Founder and CTO at Striim, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, will examine the regulations and provide insight on how it affects technology, challenges the established rules and will usher in new levels of diligence...