Abstract
- Technologies
- World markets
- Rig supply & demand
New global land rig market study forecasts strong growth
The onshore drilling rig market is set to expand to more than 9,100 units over
the next four years, driven by increasing volume and complexity of well
requirements. The new World Land Drilling Rig Market Report 2011-2015
published by award - winning energy business advisors Douglas-Westwood,
suggests an increasingly important role for frontier markets globally with an
estimated 57% of active rig demand coming from regions outside North America
by 2015. Substantial increases in production will see strong growth of
drilling activity in China, India and Iraq, for example; while investment in
enhanced oil recovery techniques in Saudi Arabia and Kuwait are expected to
boost productivity in some of the world' s largest maturing fields.
Douglas-Westwood estimates that growth in land rig demand will average in
excess of 5% per annum over the next five years. While the mature environments
of Brazil, Egypt and Indonesia are likely to witness a flat profile, other
important markets including China, Colombia, Russia, Saudi Arabia and the USA
are all expected to see a considerable increase in the number of active rigs.
Significant newbuild and the updating of current fleets (which have suffered
from a lack of investment over the last three decades) will be necessary to
meet the augmented level of demand expected by 2015.
Addressing an Industry Problem
The quantity and, more importantly, quality of available information to the
industry on the international rig fleet and drilling demand is limited, even
in major markets such as MENA and Russia.
Douglas-Westwood has been monitoring the global land drilling market for a
number of years and has performed numerous commissioned studies into
' frontier' areas. Through our large client network formed of NOCs, IOCs and
independents, national and small independent drilling companies, we have
developed a unique, encompassing global database of land rigs, which has been
central to generating valuable insight into lesser-known markets within
Europe, Africa, Asia, the Middle East and Latin America.
A Unique Market Report
Douglas-Westwood' s World Land Drilling Rig Market Report provides for the
first time analysis of rig demand, fleet quality & specification. It forecasts
potential rig construction or import requirements to fulfill growth in demand
and alleviate the degradation of the global land fleet. The report goes a long
way to filling in some of the blanks found in drilling market analysis and
will be pivotal to understanding future equipment availability in all key
countries.
It presents analysis based on unique and proprietary data:
- Comprehensive country-by-country analysis of over 40 key activity centres
- Historic and forecast drilling activity from 2006 to 2015
- Active rig requirements - supply & demand analysis
- Historic dayrate range and likely evolution
- Construction / import requirements to satisfy demand growth
- Overview of major competition - indigenous, western & oil co inhouse
- Discussion of market trends and prospects within each region
- Review of driving factors in global land drilling
Why purchase the World Land Drilling Rig Market Report?
- Geared to meet senior executives' needs in business planning and decision
making
- A concise, country-by-country format allows for targeted comparison of
drilling markets
- Access analysis based on extensive in-house data on the global rig fleet,
developed and maintained by the DW team
- Benefit from DW' s industry forecasting expertise developed over many years
- All data is presented clearly and accessibly
Land Rig Market Evolution and Sector Trends
The World Land Drilling Rig Market Report 2011-2015 is geared to senior
executive needs and assumes no previous reader knowledge of the subject area.
It explains recent trends and themes in each two pages of concise data and
analysis on country market.
These include supply-side availability, outsourcing, consolidation of the
contractor market and changes in rig specification requirements.
The report highlights growth in global demand for drilling services and
developing requirements for drilling rigs over the forecast period.
Part of an Acclaimed Series
The World Land Drilling Rig Market Report 2011-2015 is the latest in an
acclaimed series of business studies used by organisations in over 60
countries worldwide. These include oil majors, investment banks, OEMs,
offshore contractors, agencies and government departments.
Table of Contents
1 Executive Summary & Conclusions
- 1.1 Introduction
- 1.2 Summary
- 1.3 Conclusions
2 Methodology
- 2.1 Rig Data and Analysis
- 2.2 Rig Counts
- 2.3 Country Analysis: Key Metrics
3 Macro-Economic Overview
- 3.1 Global Energy Demand
- 3.2 Hydrocarbon Production Trends
- 3.3 Narrowing of Views About the Future
- 3.4 Oil and Gas Prices
- 3.5 Industry Cost Trends
- 3.6 Hydrocarbon Reserves
- 3.7 NOCs and IOCs: E&P Expenditure Forecasts
- 3.8 ' Arab Spring' of 2011
4 Global Drilling Trends
- 4.1 Oil and Gas Price Sensitivities
- 4.2 Regional Rig Fleets
- 4.3 Global Outlook
5 Regional Analysis
- 5.1 Asia: Rig Supply and Demand
- 5.2 Asia: Competitive Landscape
- 5.3 Australasia: Rig Supply and Demand
- 5.4 Australasia: Competitive Landscape
- 5.5 Eastern Europe & FSU: Rig Supply and Demand
- 5.6 Eastern Europe & FSU: Competitive Landscape
- 5.7 Latin America: Rig Supply and Demand
- 5.8 Latin America: Competitive Landscape
- 5.9 MENA: Rig Supply and Demand
- 5.10 MENA: Competitive Landscape
- 5.11 North America: Rig Supply and Demand
- 5.12 North America: Competitive Landscape
- 5.13 Sub-Saharan Africa: Rig Supply and Demand
- 5.14 Sub-Saharan Africa: Competitive Landscape
- 5.15 Western Europe: Rig Supply and Demand
- 5.16 Western Europe: Competitive Landscape
6 Country Analysis
- 6.1 Global Rig Fleet
- 6.2 Algeria
- 6.3 Argentina
- 6.4 Australia
- 6.5 Azerbaijan
- 6.6 Brazil
- 6.7 Canada
- 6.8 China
- 6.9 Colombia
- 6.10 Ecuador
- 6.11 Egypt
- 6.12 Gabon
- 6.13 India
- 6.14 Indonesia
- 6.15 Iran
- 6.16 Iraq
- 6.17 Kazakhstan
- 6.18 Kuwait
- 6.19 Libya
- 6.20 Mexico
- 6.21 Nigeria
- 6.22 Oman
- 6.23 Pakistan
- 6.24 Peru
- 6.25 Poland
- 6.26 Romania
- 6.27 Russia
- 6.28 Saudi Arabia
- 6.29 Sudan
- 6.30 Syria
- 6.31 Thailand
- 6.32 Turkey
- 6.33 United Arab Emirates
- 6.34 USA
- 6.35 Venezuela
- 6.36 Yemen
