Offshore Drilling Industry in Asia - Pacific to 2015 - New Discoveries Shifting the Focus to Emerging Economies


#3138

70pages

GBI Research

$ 1000

In Stock


The global offshore drilling market experienced a slowdown in 2009 following the hectic activity witnessed in the previous years. However, the Asia Pacific offshore drilling market is expected to grow in the future due to the huge new deep water discoveries. The growth of the offshore drilling market is driven by high demand and the prices of crude oil and natural gas. 

The increase in the demand for oil and natural gas due to high economic growth during the period from 2004 to 2008 was responsible for the continuous increase of crude oil and natural gas prices until mid 2008. The demand for oil and gas and the prevalent high prices stimulated increased activity in the offshore drilling market. However, since the economic slowdown and the collapse of the oil and gas prices from the record levels of 2008, many of the offshore projects have become uneconomical and have since been delayed or cancelled. 

Also, offshore drilling expenditure is directly dependent on the exploration and production capital spending of the international oil companies, national oil companies and independent producers. The tight credit situation and an uncertain outlook for the oil and gas global demand have affected the capital expenditure plans of the exploration and production companies. These factors have had a negative effect on the offshore drilling expenditure in 2009. However, the future outlook for offshore drilling is encouraging and the expenditure is expected to steadily increase to 2015.

Scope

  • The report provides in-depth analysis on the major factors affecting the offshore drilling industry in Asia Pacific. Its scope includes:
  • Overview and analysis of the offshore drilling industry of Asia Pacific
  • Analysis of data from 2000 to 2009 and forecasts to 2015
  • Analysis and forecasts of offshore wells drilled and offshore drilling expenditure
  • Provides country-specific data analysis of India, China, Indonesia and others
  • Analyzes the opportunities and challenges in the offshore drilling industry of Asia Pacific
  • Analyzes the competitive scenario in the offshore drilling industry of Asia Pacific with profiles of companies such as Transocean, Noble Corporation, Noble Offshore Drilling, Ensco International and Seadrill

Reasons to buy

  • Develop business strategies with the help of specific insights about the Asia Pacific offshore drilling industry.
  • Identify opportunities and challenges in the Asia Pacific offshore drilling industry.
  • Increase future revenues and profitability with the help of insights on the future opportunities
  • Critical success factors in the Asia Pacific offshore drilling industry.
Table of Contents

1 Table of Contents 4

1.1 List of Tables 6
1.2 List of Figures 7

2 The Offshore Drilling Industry in Asia-Pacific To 2015 8
2.1 Report Guidance 8

3 Introduction to the Offshore Drilling Industry 9
3.1 Significance of Offshore Drilling and Major Offshore Areas in Asia-Pacific 9
3.2 Impact of the Offshore Exploration Business on the Offshore Drilling Business 9
3.3 Importance of Various Local Governmental and Private Regulations Influencing the Offshore Exploration and Drilling Business 9
3.4 Offshore Drilling Business Development and Key Bid Evaluation Criteria (BEC) 10
3.4.1 Technical Suitability 10
3.4.2 Price 10
3.4.3 Availability 10
3.5 The Offshore Drilling Industry and Its Role as Part of the Upstream Oil and Gas Industry Value Chain 10
3.6 Types of Rigs and Support Services 11
3.6.1 Mobile Bottom-Supported Rigs 11
3.6.2 Floating Rigs 11
3.6.3 Key Technologies Used as Supporting Mechanisms in Floating Rigs 12
3.6.4 Subsea Production and Processing Systems 12
3.7 Offshore Drilling Technology Concepts 13
3.7.1 Exploratory Wells 13
3.7.2 Appraisal Wells 13
3.7.3 Development Wells 13
3.7.4 Deepwater Drilling 13
3.7.5 Rotary Drilling Procedures 13
3.8 Key Allied Segments Supplementing the Core Offshore Drilling Business 14
3.8.1 Oilfield Services 14
3.8.2 Geo-scientific Support Services 14
3.8.3 Rig Support Services 14
3.8.4 Engineering and Equipment Support Services 14

4 Key Trends and Challenges for the Offshore Drilling Industry in the Asia-Pacific Region 15
4.1 Key Drivers for the Offshore Drilling Industry in Asia-Pacific 15
4.1.1 Strong Initiatives by the Australian Government to Encourage LNG Usage Are Boosting the Offshore Exploration and Drilling Industry in Australia 15
4.1.2 Aggressive Policies for Moving Towards Energy Self-Reliance by China Signals a Bright Future for the Offshore Drilling Industry in China 15
4.1.3 Offshore Drilling Rig Growth will Shift towards Growing Markets like Southeast Asia and India 15
4.1.4 Increasing Trend towards Deep and Ultra-deep Water Exploration and Production is Driving the Growth of the Offshore Drilling Industry 16
4.1.5 Rapid Technology Advances are a Key Driver of the Development of the Offshore Drilling Industry 16
4.1.6 Growth in Oil and Gas Demand in the Long Term and the Increase in Offshore Oil and Gas Production are Driving the Growth of the Offshore Drilling Industry 17
4.2 Major Challenges for the Offshore Drilling Industry in Asia-Pacific 17
4.2.1 Tougher Offshore Regulations by Governments in the Asia-Pacific Region are Expected in Light of the Montara Oil Spill 17
4.2.2 Highly Competitive Drilling Industry with Intense Price Competition in Addition to the Decrease in Drilling Activity will be a Major Challenge 17
4.3 Key Ventures, Mergers and Acquisitions in the Offshore Drilling Industry in Asia-Pacific 17

5 Offshore Drilling Forecasts for Asia-Pacific to 2015 18
5.1 Offshore Drilling Expenditure Forecasts for Asia-Pacific to 2015 18
5.2 Offshore Drilling Expenditure Forecasts for Asia-Pacific to 2015, by Country 20
5.3 Offshore Wells Forecasts for Asia-Pacific to 2015 21
5.4 Offshore Wells Forecasts for Asia-Pacific to 2015, by Country 23
5.5 Profiles of Major Offshore Drilling Contractors for Asia-Pacific 24
5.5.1 Transocean Ltd. 24
5.5.2 Noble Corporation 25
5.5.3 Diamond Offshore Drilling 26
5.5.4 Ensco International 26
5.5.5 Seadrill 27

6 Key Asia-Pacific Countries Offshore Wells and Drilling Expenditure Statistics 28
6.1 Australia Offshore Drilling Forecasts to 2015 28
6.1.1 Australia, Offshore Wells Forecasts, 2000-2015 29
6.1.2 Australia, Offshore Drilling Expenditure, 2000-2015, by water depth 31
6.1.3 Australia, Top Offshore Lease Holders, 2009 33
6.2 China Offshore Drilling Forecasts to 2015 34
6.2.1 China, Offshore Wells Forecasts, 2000-2015 35
6.2.2 China, Offshore Drilling Expenditure, 2000-2015, by water depth 37
6.2.3 Top Offshore Lease Holders, China, 2009 39
6.3 Indonesia Offshore Drilling Forecasts to 2015 40
6.3.1 Indonesia, Offshore Wells Forecasts, 2000-2015 40
6.3.2 Indonesia, Offshore Drilling Expenditure, 2000-2015, by water depth 42
6.3.3 Top Offshore Lease Holders, Indonesia, 2009 44
6.4 India Offshore Drilling Forecasts to 2015 45
6.4.1 India, Offshore Wells Forecasts, 2000-2015 45
6.4.2 India, Offshore Drilling Expenditure, 2000-2015, by water depth 47
6.4.3 Top Offshore Lease Holders, India, 2009 49
6.5 Thailand Offshore Drilling Forecasts to 2015 50
6.5.1 Thailand, Offshore Wells Forecasts, 2000-2015 50
6.5.2 Thailand, Offshore Drilling Expenditure, 2000-2015, by water depth 52
6.5.3 Top Offshore Lease Holders, Thailand, 2009 54
6.6 Asia-Pacific - Other Countries Offshore Drilling Forecasts to 2015 55
6.6.1 Offshore Drilling Scenario, Vietnam 58
6.6.2 Offshore Drilling Scenario, the Philippines 60
6.6.3 Offshore Drilling Scenario, New Zealand 61
6.6.4 Offshore Drilling Scenario, Myanmar 62
6.6.5 Offshore Drilling Scenario, South Korea 64
6.6.6 Offshore Drilling Scenario, Brunei Darussalam 64
6.6.7 Offshore Drilling Scenario, Malaysia 64
6.6.8 Offshore Drilling Scenario, Pakistan 66
6.6.9 Offshore Drilling Scenario, Sri Lanka 66
6.6.10 Offshore Drilling Scenario, Bangladesh 67

7 Appendix 68
7.1 Methodology 68
7.1.1 Coverage 68
7.1.2 Secondary Research 68
7.1.3 Primary Research 68
7.1.4 Expert Panel Validation 69
7.2 Abbreviations 69
7.3 Contact Us 69
7.4 About GBI Research 69
7.5 Disclaimer 70
Table 1: Offshore Drilling Expenditure, Asia-Pacific, by Water Depth, $ bn, 2000-2015 19
Table 2: Offshore Wells Drilled, Asia-Pacific, 2000-2015 22
Table 3: Offshore Wells Drilled, Asia-Pacific, by Country, 2000-2015 24
Table 4: Transocean Ltd., Rig Fleet Summary for Asia-Pacific, 2010 25
Table 5: Transocean Ltd., Rig Status by Country for Asia-Pacific, 2010 25
Table 6: Noble Corporation, Rig Fleet Summary for Asia-Pacific, 2010 25
Table 7: Diamond Offshore, Rig Fleet Summary for Asia-Pacific, 2010 26
Table 8: Ensco International, Rig Fleet Summary for Asia-Pacific, 2010 26
Table 9: Seadrill, Rig Fleet Summary for Asia-Pacific, 2010 27
Table 10: Offshore Wells Drilled, Australia, 2000-2015 30
Table 11: Offshore Drilling Expenditure, Australia, 2000-2015 32
Table 12: Top Offshore Lease Holders, Australia, 2009 33
Table 13: Offshore Wells Drilled, China, 2000-2015 36
Table 14: Offshore Drilling Expenditure, China, 2000-2015 38
Table 15: Top Offshore Lease Holders, China, 2009 39
Table 16: Offshore Wells Drilled, Indonesia, 2000-2015 41
Table 17: Offshore Drilling Expenditure, Indonesia, 2000-2015 43
Table 18: Top Offshore Lease Holders, Indonesia, 2009 45
Table 19: Offshore Wells Drilled, India, 2000-2015 46
Table 20: Offshore Drilling Expenditure, India, $ billion, 2000-2015 48
Table 21: Top Offshore Lease Holders, India, 2009 49
Table 22: Offshore Wells Drilled, Thailand, 2000-2015 51
Table 23: Offshore Drilling Expenditure, Thailand, 2000-2015 53
Table 24: Top Offshore Lease Holders, Thailand, 2009 54
Table 25: Offshore Wells Drilled, Other Countries, 2000-2015 56
Table 26: Offshore Drilling Expenditure, Other Countries, 2000-2015 57
Table 27: Top Offshore Lease Holders, Vietnam, 2009 59
Table 28: Top Offshore Lease Holders, the Philippines, 2009 60
Table 29: Top Offshore Lease Holders, New Zealand, 2009 61
Table 30: Top Offshore Lease Holders, Myanmar, 2009 63
Table 31: Top Offshore Lease Holders, Malaysia, 2009 65
Figure 1: Offshore Drilling Expenditure, Asia-Pacific, by Water Depth, $ bn, 2000-2015 18
Figure 2: Offshore Drilling Expenditure, Asia-Pacific, by Country, $ bn, 2000-2015 20
Figure 3: Offshore Wells Drilled, Asia-Pacific, 2000-2015 21
Figure 4: Offshore Wells Drilled, Asia-Pacific, by Country, 2000-2015 23
Figure 5: Offshore Wells Drilled, Australia, 2000-2015 29
Figure 6: Offshore Drilling Expenditure, Australia, 2000-2015 31
Figure 7: Top Offshore Lease Holders, Australia, 2009 33
Figure 8: Offshore Wells Drilled, China, 2000-2015 35
Figure 9: Offshore Drilling Expenditure, China, 2000-2015 37
Figure 10: Top Offshore Lease Holders, China, 2009 39
Figure 11: Offshore Wells Drilled, Indonesia, 2000-2015 40
Figure 12: Offshore Drilling Expenditure, Indonesia, 2000-2015 42
Figure 13: Top Offshore Lease Holders, Indonesia, 2009 44
Figure 14: Offshore Wells Drilled, India, 2000-2015 46
Figure 15: Offshore Drilling Expenditure, India, $ billion, 2000-2015 47
Figure 16: Top Offshore Lease Holders, India, 2009 49
Figure 17: Offshore Wells Drilled, Thailand, 2000-2015 50
Figure 18: Offshore Drilling Expenditure, Thailand, 2000-2015 52
Figure 19: Top Offshore Lease Holders, Thailand, 2009 54
Figure 20: Offshore Wells Drilled, Other Countries, 2000-2015 55
Figure 21: Offshore Drilling Expenditure, Other Countries, 2000-2015 57
Figure 22: Top Offshore Lease Holders, Vietnam, 2009 59
Figure 23: Top Offshore Lease Holders, New Zealand, 2009 61
Figure 24: Top Offshore Lease Holders, Myanmar, 2009 63
Figure 25: Top Offshore Lease Holders, Malaysia, 2009 65
Figure 26: Top Offshore Lease Holders, Pakistan, 2009 66