Reportlinker Adds Offshore Drilling Industry in the Americas to 2015 - New Deepwater Discoveries and Stringent Offshore Regulations Affecting the Future Industry Outlook

Aug 31, 2010, 12:38 ET from Reportlinker

NEW YORK, Aug. 31 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Offshore Drilling Industry in the Americas to 2015 - New Deepwater Discoveries and Stringent Offshore Regulations Affecting the Future Industry Outlook

http://www.reportlinker.com/p0285035/Offshore-Drilling-Industry-in-the-Americas-to-2015---New-Deepwater-Discoveries-and-Stringent-Offshore-Regulations-Affecting-the-Future-Industry-Outlook.html

Offshore Drilling Industry in the Americas to 2015 - New Deepwater Discoveries and Stringent Offshore Regulations Affecting the Future Industry Outlook

Summary

GBI Research has released its energy research, "Offshore Drilling Industry in the Americas to 2015 - New Deepwater Discoveries and Stringent Offshore Regulations Affecting the Future Industry Outlook". 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 Americas and highlights the various concerns, shifting trends and major players in the region. The report provides forecasts for the offshore drilling industry in the Americas to 2015. The report also provides segmental forecasts of the offshore drilling market in the Americas 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 Americas is a key region in the global offshore drilling industry. The exploration and production industry in the Americas has witnessed increased activity in recent years. There have been discoveries of huge oil reserves in the region. There has been increased exploration and developmental activity, especially in the offshore areas of the region. Recent discoveries of huge reserves, especially off the coasts of the Gulf of Mexico, Brazil and Venezuela, have increased the attractiveness of the region. Many of the reserves have been developed in the deep water areas of the region. Venezuela has emerged as one of the top three countries in the world in terms of proven crude oil reserves. Consequently, Venezuela leads the South American region with its huge heavy oil deposits. 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 on the major factors affecting the offshore drilling industry in the Americas. Its Scope includes:

- Overview and analysis of the offshore drilling industry of the Americas

- 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 the United States (US), Canada, Brazil, Argentina, Mexico, Venezuela and Trinidad and Tobago

- Analyzes the opportunities and challenges in the offshore drilling industry of the Americas

- Analyzes the competitive scenario in the offshore drilling industry of the Americas with profiles of companies such as Transocean, Noble Corporation, Noble Offshore Drilling, Ensco International and Seadrill

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 the Americas.

- Identify opportunities and challenges in the offshore drilling industry in the Americas.

- Understand the market positioning of the companies operating through the value chain in the crude oil industry in South and Central America.

- Increase future revenues and profitability with the help of insights on the future opportunities and critical success factors in the offshore drilling industry of the Americas.

- Benchmark your operations and strategies against the major players in the offshore drilling industry in the Americas.

1 Table of Contents

1 Table of Contents 5

1.1 List of Tables 8

1.2 List of Figures 9

2 The Offshore Drilling Industry In The Americas To 2015 10

2.1 Report Guidance 10

3 Introduction to the Offshore Drilling Industry 11

3.1 Significance of Offshore Drilling and Major Offshore Areas in the Americas 11

3.2 Impact of the Offshore Exploration Business on the Offshore Drilling Business 11

3.3 Importance of Various Local Government and Private Regulations Influencing the Offshore Exploration and Drilling Business 11

3.4 Offshore Drilling Business Development and Key Bid Evaluation Criteria (BEC) 12

3.4.1 Technical Suitability 12

3.4.2 Price 12

3.4.3 Availability 12

3.5 The Offshore Drilling Industry and Its Role as a Part of the Upstream Oil and Gas Industry Value Chain 12

3.6 Types of Rig and Support Services 13

3.6.1 Mobile Bottom Supported Rigs 13

3.6.2 Floating Rigs 13

3.6.3 Key Technologies Used As Supporting Mechanisms in Floating Rigs 14

3.6.4 Subsea Production and Processing Systems 14

3.7 Offshore Drilling Technology Concepts 15

3.7.1 Exploratory Wells 15

3.7.2 Appraisal Wells 15

3.7.3 Development Wells 15

3.7.4 Deepwater Drilling 15

3.7.5 Rotary Drilling Procedures 15

3.8 Key Allied Segments Supplementing the Core Offshore Drilling Business 16

3.8.1 Oilfield Services 16

3.8.2 Geo-Scientific Support Services 16

3.8.3 Rig Support Services 16

3.8.4 Engineering and Equipment Support Services 16

4 Key Trends and Challenges in the Offshore Drilling Industry of the Americas 17

4.1 Key Drivers of the Offshore Drilling Industry of the Americas 17

4.1.1 C-NLOPB Fresh Bid Invitations amidst Stringent Regulation Reviews Signal Strong Potential for Oil Exploration and Production Industry in Canada 17

4.1.2 New Gas Discovery at Perla Oilfield Boosts Offshore Drilling Business Prospects in Venezuela 17

4.1.3 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 18

4.1.4 Increasing Deep and Ultra Deep Water Exploration and Production is Driving the Growth of the Offshore Drilling Industry 18

4.1.5 Rapid Technological Advances are a Key Driver of the Development of the Offshore Drilling Industry 19

4.2 Major Challenges in The Offshore Drilling Industry 19

4.2.1 Offshore Drilling Industry in the US is Expected to be Temporarily Hampered Due to the New US Offshore Drilling Moratorium 19

4.2.2 Gulf Oil Spill Leading to Stiffer Technical Standards, Which Will Have an Impact on the Offshore Drilling Business in the US 20

4.2.3 Global Economic Slowdown and Low Commodity Prices are a Challenge for the Growth of the Offshore Drilling Industry in the Short Term 20

4.2.4 Decreases in Exploration and Production Capital Expenditure is a Major Challenge for the Offshore Drilling Contractors 22

4.2.5 Highly Competitive Drilling Industry with Intense Price Competition in Addition to the Decrease in the Drilling Activity will be a Major Challenge 23

4.2.6 Argentina Struggling To Attract Investors Because Of Low Geological Attractiveness 23

4.3 Mergers and Acquisitions in the Offshore Drilling Industry in the Americas 23

5 Offshore Drilling Forecast for the Americas to 2015 25

5.1 Offshore Drilling Expenditure Forecast for the Americas To 2015 25

5.2 Offshore Drilling Expenditure Forecast for the Americas by Region, 2000–2015 27

5.3 Offshore Well Forecast for the Americas To 2015 29

5.4 Offshore Well Forecast for the Americas To 2015, by Region 30

5.5 Profiles of the Major Offshore Drilling Contractors in the Americas 32

5.5.1 Transocean Ltd. 32

5.5.2 Noble Corporation 33

5.5.3 Diamond Offshore Drilling 33

5.5.4 Ensco International 34

5.5.5 Seadrill 34

6 Key North American Countries' Offshore Wells and Drilling Expenditure Statistics 35

6.1 North America, Offshore Drilling Forecast To 2015 35

6.1.1 North America, Offshore Drilling Expenditure Forecast To 2015, by Water Depth 35

6.1.2 North America, Offshore Drilling Expenditure Forecast To 2015, by Country 37

6.1.3 North America Offshore Wells Forecast To 2015 39

6.1.4 North America Offshore Wells Forecast to 2015, by Country 41

6.2 The US, Offshore Drilling Wells Statistics and Expenditure To 2015 42

6.2.1 The US, Offshore Wells Forecast, 2000–2015 43

6.2.2 The US, Offshore Drilling Expenditure, by Water Depth, 2000–2015 44

6.2.3 The US, Top Lease Holders, 2009 46

6.3 Canada, Offshore Drilling Expenditure, Forecast To 2015 47

6.3.1 Canada, Offshore Wells, Historical Figures and Forecast, 2000–2015 47

6.3.2 Canada, Offshore Drilling Expenditure, by Water Depth, 2000–2015 49

6.3.3 Canada, Top Lease Holders, 2009 50

7 Key South and Central American Countries' Offshore Wells and Drilling Expenditure Statistics 51

7.1 South and Central America, Offshore Drilling Forecast To 2015 51

7.1.1 South and Central America, Offshore Drilling Expenditure, Forecast To 2015, by Water Depth 52

7.1.2 South and Central America, Offshore Drilling Expenditure, Forecast to 2015, by Country 54

7.1.3 South and Central America, Offshore Wells, Forecast To 2015 56

7.1.4 South and Central America, Offshore Wells, Forecast to 2015, by Country 58

7.2 Brazil, Offshore Drilling Wells, Statistics and Expenditure To 2015 60

7.2.1 Brazil, Offshore Wells, Forecast, 2000–2015 60

7.2.2 Brazil, Offshore Drilling Expenditure, by Water Depth, 2000–2015 62

7.2.3 Brazil, Top Lease Holders, 2009 64

7.3 Venezuela, Offshore Drilling Wells, Statistics and Expenditure To 2015 65

7.3.1 Venezuela, Offshore Wells, Forecast, 2000–2015 65

7.3.2 Venezuela, Offshore Drilling Expenditure, by Water Depth, 2000–2015 67

7.3.3 Venezuela, Top Lease Holders, 2009 68

7.4 Argentina, Offshore Drilling Wells, Statistics and Expenditure To 2015 69

7.4.1 Argentina, Offshore Wells, Forecast, 2000–2015 69

7.4.2 Argentina, Offshore Drilling Expenditure, by Water Depth, 2000–2015 70

7.4.3 Argentina, Top Lease Holders, 2009 72

7.5 Trinidad and Tobago, Offshore Drilling Wells, Statistics and Expenditure, 2000–2015 73

7.5.1 Trinidad and Tobago, Offshore Wells, Forecast, 2000–2015 73

7.5.2 Trinidad and Tobago, Offshore Drilling Expenditure, by Water Depth, 2000–2015 75

7.5.3 Trinidad and Tobago, Top Lease Holders, 2009 77

7.6 Mexico, Offshore Drilling Wells, Statistics and Expenditure To 2015 78

7.6.1 Mexico, Offshore Wells Forecast, 2000–2015 78

7.6.2 Mexico, Offshore Drilling Expenditure, By Water Depth, 2000–2015 80

7.6.3 Mexico, Top Lease Holders, 2009 82

8 Appendix 83

8.1 Methodology 83

8.1.1 Coverage 83

8.1.2 Secondary Research 83

8.1.3 Primary Research 83

8.1.4 Expert Panel Validation 84

8.2 Abbreviations 84

8.3 Contact Us 84

8.4 About GBI Research 84

8.5 Disclaimer 85

1.1 List of Tables

Table 1: Oil and Gas Expenditure ($ bn), 2005–2009 22

Table 2: Merger and Acquisition and Asset Transaction Activity in the Offshore Drilling Industry ($m), 2007–2009 24

Table 3: Offshore Drilling Expenditure, by Water Depth, Americas (US$bn), 2000-15 26

Table 4: Offshore Drilling Expenditure, by Region, The Americas ($ bn), 2000–2015 28

Table 5: Offshore Wells Drilled, The Americas, 2000–2015 29

Table 6: Offshore Wells Drilled, Americas, by Region, 2000-2015 31

Table 7: Transocean Ltd., Rig Fleet Summary for the Americas, 2010 32

Table 8: Transocean, Rigs, By Country, 2010 32

Table 9: Noble Corporation—Rig Fleet Summary for the Americas, 2010 33

Table 10: Diamond Offshore—Rig Fleet Summary for the Americas, 2010 33

Table 11: Ensco International—Rig Fleet Summary for the Americas, 2010 34

Table 12: Seadrill—Rig Fleet Summary for the Americas, 2010 34

Table 13: Offshore Drilling Expenditure, by Water Depth, North America, ($ bn), 2000–2015 36

Table 14: Offshore Drilling Expenditure, by Country, North America, ($ bn), 2000–2015 38

Table 15: Offshore Wells Drilled, North America, 2000-2015 40

Table 16: Offshore Wells Drilled, North America, by Country, 2000–2015 42

Table 17: Offshore Wells Drilled, The US, 2000–2015 43

Table 18: Offshore Drilling Expenditure, The US ($ bn), 2000–2015 45

Table 19: Top Offshore Lease Holders, The US, 2009 46

Table 20: Offshore Wells, Canada, 2000–2015 48

Table 21: Offshore Drilling Expenditure ($ bn), Canada, 2000–2015 49

Table 22: Top Offshore Lease Holders, Canada, 2009 50

Table 23: Offshore Drilling Expenditure, by Water Depth, South and Central America, ($ bn), 2000–2015 53

Table 24: Offshore Drilling Expenditure ($ bn), South America, by Country, 2000–2015 55

Table 25: Offshore Wells, South America, 2000–2015 57

Table 26: Offshore Wells by Country, South and Central America, 2000–2015 59

Table 27: Offshore Wells Drilled, Brazil, 2000–2015 61

Table 28: Offshore Drilling Expenditure, by Water Depth, Brazil ($ bn), 2000–15 63

Table 29: Top Offshore Lease Holders, Brazil, 2009 64

Table 30: Offshore Wells Drilled, Venezuela, 2000–2015 66

Table 31: Offshore Drilling Expenditure, by Water Depth, Venezuela, ($ bn), 2000–2015 67

Table 32: Top Lease Holders, Venezuela, 2009 68

Table 33: Offshore Wells Drilled, Argentina, 2009 69

Table 34: Offshore Drilling Expenditure, Argentina, ($ bn), 2000–2015 71

Table 35: Top Lease Holders, Argentina, 2009 72

Table 36: Total Offshore Wells Drilled, Trinidad and Tobago, 2000–2015 74

Table 37: Offshore Drilling Expenditure, Trinidad and Tobago, ($ bn), 2000–2015 76

Table 38: Top Offshore Lease Holders, Trinidad and Tobago, 2009 77

Table 39: Offshore Wells Drilled, Mexico, 2000–2015 79

Table 40: Offshore Drilling Expenditure, by Water Depth, Mexico ($ bn), 2000–2015 81

Table 41: Top Offshore Lease Holders, Mexico, 2000–2009 82

1.2 List of Figures

Figure 1: Crude Oil Price, Brent and WTI, Natural Gas Price, Henry Hub, Aug 2009Jul 2010 21

Figure 2: Oil and Gas Expenditure ($ bn), 2005–2009 22

Figure 3: Merger and Acquisition and Asset Transaction Activity in the Offshore Drilling Industry ($m), 2007–2009 24

Figure 4: Offshore Drilling Expenditure, by Water Depth, Americas (US$bn), 2000-15 25

Figure 5: Offshore Drilling Expenditure, by Region, The Americas ($ bn), 2000–2015 27

Figure 6: Offshore Wells Drilled, The Americas, 2000–2015 29

Figure 7: Offshore Wells Drilled, Americas, by Region, 2000-2015 30

Figure 8: Offshore Drilling Expenditure, by Water Depth, North America, ($ bn), 2000–2015 36

Figure 9: Offshore Drilling Expenditure, by Country, North America, ($ bn), 2000–2015 37

Figure 10: Offshore Wells Drilled, North America, 2000-2015 39

Figure 11: Offshore Wells Drilled, North America, by Country, 2000–2015 41

Figure 12: Offshore Wells Drilled, The US, 2000–2015 43

Figure 13: Offshore Drilling Expenditure, The US ($ bn), 2000–2015 44

Figure 14: Top Offshore Lease Holders, The US, 2009 46

Figure 15: Offshore Wells, Canada, 2000–2015 47

Figure 16: Offshore Drilling Expenditure ($ bn), Canada, 2000–2015 49

Figure 17: Top Offshore Lease Holders, Canada, 2009 50

Figure 18: Offshore Drilling Expenditure, by Water Depth, South and Central America, ($ bn), 2000–2015 52

Figure 19: Offshore Drilling Expenditure ($ bn), South America, by Country, 2000–2015 54

Figure 20: Offshore Wells, South America, 2000–2015 56

Figure 21: Offshore Wells by Country, South and Central America, 2000–2015 58

Figure 22: Offshore Wells Drilled, Brazil, 2000–2015 60

Figure 23: Offshore Drilling Expenditure, by Water Depth, Brazil ($ bn), 2000–2015 62

Figure 24: Top Offshore Lease Holders, Brazil, 2009 64

Figure 25: Total Offshore Wells Drilled, Venezuela, 2000–2015 65

Figure 26: Offshore Drilling Expenditure, by Water Depth, Venezuela, ($ bn), 2000–2015 67

Figure 27: Top Lease Holders, Venezuela, 2009 68

Figure 28: Offshore Wells Drilled, Argentina, 2009 69

Figure 29: Offshore Drilling Expenditure, Argentina, ($ bn), 2000–2015 70

Figure 30: Top Lease Holders, Argentina, 2009 72

Figure 31: Offshore Wells Drilled, Trinidad and Tobago, 2000–2015 73

Figure 32: Offshore Drilling Expenditure, Trinidad and Tobago, ($ bn), 2000–2015 75

Figure 33: Top Offshore Lease Holders, Trinidad and Tobago, 2009 77

Figure 34: Offshore Wells Drilled, Mexico, 2000–2015 78

Figure 35: Offshore Drilling Expenditure, by Water Depth, Mexico ($ bn), 2000–2015 80

Figure 36: Top Offshore Lease Holders, Mexico, 2000–2009 82

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