Offshore Drilling Industry in Europe and Former Soviet Union (FSU) to 2015 - Increased Exploration in New Areas Sustaining the Growth


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61pages

GBI Research

$ 1000

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GBI Research, a leading business intelligence provider, has released its latest research, “The Offshore Drilling Industry in Europe and FSU to 2015 - Increasing Exploration in New Areas Sustaining the Growth”. The study, which is an offering from the company’s Energy Research Group, provides an in-depth analysis of the offshore drilling market in the Europe and FSU and highlights the various concerns, shifting trends and major players in the region. 

The report provides forecasts for the offshore drilling industry in the Europe and FSU to 2015. The report also provides segmental forecasts of the offshore drilling market in the Europe and FSU by water depth and highlights the major countries in the region. The report provides in-depth analysis of the key trends and challenges in the offshore drilling market in the region. An analysis of the competitive scenario, data on the offshore wells and drilling expenditure in the region are also provided for each of the market segments. 

The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts. 

The Europe and FSU is one of the key regions in the global offshore drilling industry. The exploration and production industry in the Europe and FSU has witnessed increased activity in recent years. The offshore drilling industry in the Europe and FSU region in the past few years has witnessed considerable investments by offshore exploration companies and offshore drilling contractors, as fresh offshore oil and gas reserve discoveries in the region have signaled a trend towards the FSU region, with Azerbaijan in particular emerging as a potential region for offshore oil and gas production. 

Offshore discoveries in shallow water of the Caspian Sea by countries such as Azerbaijan, Kazakhstan, Turkmenistan and other European countries like Italy and Bulgaria have provided a thrust for capital expenditure for the offshore drilling industry in the region. The expected advances in technology and a positive future outlook for the crude oil and gas prices will spur increased activity in exploration and development in the region. However, stringent regulations in terms of environmental, safety, and operational quality standards could make offshore drilling a safer activity, albeit at the expense of higher production costs. 

Scope

The report provides in-depth analysis of the major factors affecting the offshore drilling industry in Europe and FSU. Its scope includes:

  • Overview and analysis of the offshore drilling industry of Europe and FSU
  • Analysis of the historical trends and forecasts to 2015
  • Analysis and forecasts of offshore wells drilled and offshore drilling expenditure
  • Provides country-specific data analysis of Norway, Denmark, The Netherlands, Russia, Azerbaijan and others
  • Analyzes the opportunities and challenges in the offshore drilling industry in Europe and FSU.
  • Analyzes the competitive scenario in the offshore drilling industry in Europe and FSU

Reasons to buy

The report will enhance your decision making capability. It will allow you to:

  • Develop business strategies with the help of specific insights about the offshore drilling industry in Europe and FSU.
  • Identify opportunities and challenges in the offshore drilling industry in Europe and FSU
  • Increase future revenues and profitability with the help of insights on the future opportunities and critical success factors in the offshore drilling industry in Europe and FSU
  • Benchmark your operations and strategies against the major players in the offshore drilling industry in Europe and FSU
Table of Contents

1 Table of Contents

1 Table of Contents 3
1.1 List of Tables 5
1.2 List of Figures 6

2 The Offshore Drilling Industry in Europe and Former Soviet Union (FSU) Countries to 2015 7

2.1 Report Guidance 7

3 Introduction to the Offshore Drilling Industry 8
3.1 Significance of Offshore Drilling and Major Offshore Areas in Europe 8
3.2 Impact of the Offshore Exploration Business on the Offshore Drilling Business 8
3.3 Importance of Various Local Government and Private Regulations Influencing the Offshore Exploration and Drilling Business 8
3.4 Offshore Drilling Business Development and Key Bid Evaluation Criteria (BEC) 9
3.4.1 Technical Suitability 9
3.4.2 Price 9
3.4.3 Availability 9
3.5 The Offshore Drilling Industry and Its Role as a Part of the Upstream Oil and Gas Industry Value Chain 9
3.6 Types of Rig and Support Services 10
3.6.1 Mobile Bottom Supported Rigs 10
3.6.2 Floating Rigs 10
3.6.3 Key Technologies Used as Supporting Mechanisms in Floating Rigs 11
3.6.4 Subsea Production and Processing Systems 11
3.7 Offshore Drilling Technology Concepts 12
3.7.1 Exploratory Wells 12
3.7.2 Appraisal Wells 12
3.7.3 Development Wells 12
3.7.4 Deepwater Drilling 12
3.7.5 Rotary Drilling Procedures 12
3.8 Key Allied Segments Supplementing the Core Offshore Drilling Business 13
3.8.1 Oilfield Services 13
3.8.2 Geo-Scientific Support Services 13
3.8.3 Rig Support Services 13
3.8.4 Engineering and Equipment Support Services 13

4 Key Trends and Challenges in the Offshore Drilling Industry in Europe and Former Soviet Union (FSU) States 14
4.1 Key Drivers of the Offshore Drilling Industry in Europe 14
4.1.1 Strict Safety and Operational Requirements in Europe and FSU due to GOM Oil Spill 14
4.1.2 Exploration and Production Activities will Increase in the Barents Sea with Innovative Technologies and Structures 14
4.1.3 Imprecise Borders and New Alliances will Create an Exploration Rush in the Arctic Ocean 15
4.1.4 Russian Oil Companies Heading Towards the East Showing Signs of Globalizing Business and Reducing Dependence on Europe 15
4.1.5 Kazakhstan Oil Companies Boosted by Acquisitions, Looking for More Offshore and Overseas Assets 16
4.1.6 Rapid Changes in the Offshore Oil and Gas Industry in Europe and FSU Inspiring a Technological Drilling Race 16
4.1.7 Increasing Trend towards Deep and Ultra Deep Water Exploration and Production is Driving the Growth of the Offshore Drilling Industry 16
4.2 Major Challenges in the Offshore Drilling Industry 18
4.2.1 Global Economic Slowdown and Low Commodity Prices are a Challenge for the Growth of the Offshore Drilling Industry in the Short Term 18
4.2.2 Highly Competitive Drilling Industry with Intense Price Competition in Addition to the Decrease in Drilling Activity will be a Major Challenge 19
4.2.3 Decrease in Exploration and Production Capital Expenditure is a Major Challenge for the Offshore Drilling Contractors 19
4.3 Mergers and Acquisitions in the Offshore Drilling Industry 20

5 Offshore Drilling Forecast in Europe and FSU to 2015 21
5.1 Offshore Drilling Expenditure Forecast for Europe to 2015 21
5.2 Offshore Drilling Expenditure Forecast for Europe by Region, 20002015 23
5.3 Offshore Well Forecast for Europe to 2015 25
5.4 Offshore Well Forecast for Europe to 2015, by Region 27
5.5 Profiles of the Major Offshore Drilling Contractors in Europe 29
5.5.1 Transocean Ltd. 29
5.5.2 Noble Corporation 29
5.5.3 Maersk Drilling 30
5.5.4 Ensco International 30
5.5.5 Diamond Offshore Drilling 30

6 Key Countries in Europe and FSU, Offshore Wells and Drilling Expenditure Statistics 31
6.1 Norway, Offshore Drilling Wells, Statistics and Expenditure to 2015 31
6.1.1 Norway, Offshore Wells, Forecast, 20002015 31
6.1.2 Norway, Offshore Drilling Expenditure, by Water Depth, 20002015 33
6.1.3 Norway, Top Offshore Lease Holders, 2009 35
6.2 United Kingdom, Offshore Drilling Forecast to 2015 36
6.2.1 United Kingdom, Offshore Wells, Historical Figures and Forecast, 2000-2015 36
6.2.2 United Kingdom Offshore Drilling Expenditure, by Water Depth, 20002015 38
6.2.3 United Kingdom Top Lease Holders, 2009 40
6.3 Denmark, Offshore Drilling Expenditure Forecast to 2015 41
6.3.1 Denmark, Offshore Wells, Historical Figures and Forecast, 20002015 41
6.3.2 Denmark, Offshore Drilling Expenditure, by Water Depth, 20002015 43
6.3.3 Denmark, Top Lease Holders, 2009 45
6.4 The Netherlands, Offshore Drilling Wells, Statistics and Expenditure to 2015 46
6.4.1 The Netherlands, Offshore Wells, Forecast, 20002015 46
6.4.2 The Netherlands, Offshore Drilling Expenditure, by Water Depth, 20002015 48
6.4.3 The Netherlands, Top Lease Holders, 2009 50
6.5 Russia, Offshore Drilling Expenditure, Forecast to 2015 51
6.5.1 Russia, Offshore Drilling Expenditure, by Water Depth, 20002015 51
6.5.2 Russia, Top Lease Holders, 2009 53
6.6 Azerbaijan, Offshore Drilling Expenditure, Forecast to 2015 54
6.6.1 Azerbaijan, Offshore Drilling Expenditure, by Water Depth, 20002015 54
6.6.2 Azerbaijan, Top Lease Holders, 2009 56
6.7 Kazakhstan, Offshore Drilling Industry Scenario 57

7 Appendix 59
7.1 Methodology 59
7.1.1 Coverage 59
7.1.2 Secondary Research 59
7.1.3 Primary Research 59
7.1.4 Expert Panel Validation 60
7.2 Abbreviations 60
7.3 Contact Us 61
7.4 About GBI Research 61
7.5 Disclaimer 61

Table 1: Offshore Drilling Expenditure, Europe and FSU, by Water Depth, $bn, 2000-2015 22
Table 2: Offshore Drilling Expenditure, Europe and FSU, by Country, $bn, 2000-2015 24
Table 3: Offshore Wells Drilled, Europe and FSU, 2000-2015 26
Table 4: Offshore Wells Drilled, Europe and FSU, by Country, 2000-2015 28
Table 5: Transocean Ltd., Rig Fleet Summary for Europe and FSU, 2010 29
Table 6: Noble Corporation, Rig Fleet Summary for the North Sea, 2010 29
Table 7: Maersk Drilling, Rig Fleet Summary for Europe and FSU, 2010 30
Table 8: Ensco, Rig Fleet Summary for the North Sea, 2010 30
Table 9: Diamond Offshore Drilling, Rig Fleet Summary for the North Sea, 2010 30
Table 10: Offshore Wells Drilled, Norway, 2000-2015 32
Table 11: Offshore Drilling Expenditure, Norway, 2000-2015 34
Table 12: Top Offshore Lease Holders, Norway, 2009 35
Table 13: Offshore Wells Drilled, United Kingdom, 2000-2015 37
Table 14: Offshore Drilling Expenditure, United Kingdom, 2000-2015 39
Table 15: Top Offshore Lease Holders, United Kingdom, 2009 40
Table 16: Offshore Wells Drilled, Denmark, 2000-2015 42
Table 17: Offshore Drilling Expenditure, Denmark, 2000-2015 44
Table 18: Top Offshore Lease Holders, Denmark, 2009 45
Table 19: Offshore Wells Drilled, The Netherlands, 2000-2015 47
Table 20: Offshore Drilling Expenditure, The Netherlands, 2000-2015 49
Table 21: Top Offshore Lease Holders, The Netherlands, 2009 50
Table 22: Offshore Drilling Expenditure, Russia, 2000-2015 52
Table 23: Top Offshore Lease Holders, Russia, 2009 53
Table 24: Offshore Drilling Expenditure, Azerbaijan, 2000-2015 55
Table 25: Top Offshore Lease Holders, Azerbaijan, 2009 56
Table 26: Offshore Drilling Expenditure, Others, 2000-2015 58
Figure 1: Crude Oil Price, Brent and WTI, Natural Gas Price, Henry Hub, Dec 2009 Sept 2010 18
Figure 2: Offshore Drilling Expenditure, Europe and FSU, by Water Depth, $bn, 2000-2015 22
Figure 3: Offshore Drilling Expenditure, Europe and FSU, by Country, $bn, 2000-2015 23
Figure 4: Offshore Wells Drilled, Europe and FSU, 2000-2015 25
Figure 5: Offshore Wells Drilled, Europe and FSU, by Country, 2000-2015 27
Figure 6: Offshore Wells Drilled, Norway, 2000-2015 32
Figure 7: Offshore Drilling Expenditure, Norway, 2000-2015 33
Figure 8: Top offshore Lease Holders, Norway , 2009 35
Figure 9: Offshore Wells Drilled, United Kingdom, 2000-2015 37
Figure 10: Offshore Drilling Expenditure, United Kingdom, 2000-2015 38
Figure 11: Top Offshore Lease Holders, United Kingdom, 2009 40
Figure 12: Offshore Wells Drilled, Denmark, 2000-2015 42
Figure 13: Offshore Drilling Expenditure, Denmark, 2000-2015 43
Figure 14: Top Offshore Lease Holders, Denmark, 2009 45
Figure 15: Offshore Wells Drilled, The Netherlands, 2000-2015 46
Figure 16: Offshore Drilling Expenditure, The Netherlands, 2000-2015 48
Figure 17: Top Offshore Lease Holders, The Netherlands, 2009 50
Figure 18: Offshore Drilling Expenditure, Russia, 2000-2015 52
Figure 19: Top Offshore Lease Holders, Russia, 2009 53
Figure 20: Offshore Drilling Expenditure, Azerbaijan, 2000-2015 54
Figure 21: Top Offshore Lease Holders, Azerbaijan, 2009 56
Figure 22: Top Offshore Lease Holders, Kazakhstan, 2009 57