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
Cloud Expo | DXWorld Expo have announced the conference tracks for Cloud Expo 2018. Cloud Expo will be held June 5-7, 2018, at the Javits Center in New York City, and November 6-8, 2018, at the Santa Clara Convention Center, Santa Clara, CA. Digital Transformation (DX) is a major focus with the introduction of DX Expo within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive ov...
Sanjeev Sharma Joins June 5-7, 2018 @DevOpsSummit at @Cloud Expo New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
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, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
"I focus on what we are calling CAST Highlight, which is our SaaS application portfolio analysis tool. It is an extremely lightweight tool that can integrate with pretty much any build process right now," explained Andrew Siegmund, Application Migration Specialist for CAST, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
As many know, the first generation of Cloud Management Platform (CMP) solutions were designed for managing virtual infrastructure (IaaS) and traditional applications. But that's no longer enough to satisfy evolving and complex business requirements. In his session at 21st Cloud Expo, Scott Davis, Embotics CTO, explored how next-generation CMPs ensure organizations can manage cloud-native and microservice-based application architectures, while also facilitating agile DevOps methodology. He expla...
SYS-CON Events announced today that Evatronix 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. Evatronix SA offers comprehensive solutions in the design and implementation of electronic systems, in CAD / CAM deployment, and also is a designer and manufacturer of advanced 3D scanners for professional applications.
SYS-CON Events announced today that Synametrics Technologies will exhibit at SYS-CON's 22nd International Cloud Expo®, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Synametrics Technologies is a privately held company based in Plainsboro, New Jersey that has been providing solutions for the developer community since 1997. Based on the success of its initial product offerings such as WinSQL, Xeams, SynaMan and Syncrify, Synametrics continues to create and hone inn...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
DevOps promotes continuous improvement through a culture of collaboration. But in real terms, how do you: Integrate activities across diverse teams and services? Make objective decisions with system-wide visibility? Use feedback loops to enable learning and improvement? With technology insights and real-world examples, in his general session at @DevOpsSummit, at 21st Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, explored how leading organizations use data-driven DevOps to close th...
Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams. In his session at 22nd Cloud Expo | DXWorld Expo, Daniel Jones, CTO of EngineerBetter, will answer: How can we improve willpower and decrease technical debt? Is the present bias real? How can we turn it to our advantage? Can you increase a team’s effective IQ? How do DevOps & Product Teams increase empathy, and what impact does empath...