Deep-water and Ultra-deep Water Exploration and Production Market, By Water Depth (Deep Water and Ultra Deep Water), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Deep well drilling, is the process of creating holes by drilling rig for oil mining in deep sea. Not all oil is accessible on land or in shallow water, but some oil deposits are buried deep under the ocean floor. Using sonic equipment, oil companies determine the drilling sites most likely to produce oil. They use a mobile offshore drilling unit (MODU) to drill down into the ocean's floor to find oil deposits. The part of the drill that extends below the deck and through the water is called the riser. The riser allows for drilling fluids to move between the floor and the rig. Engineers lower a drill string – a series of pipes designed to drill down to the oil deposit – through the riser. This technology also equipped with revolutionary pressure control that allows well operators to see inside the wellhead. Many companies are focusing on improving equipment such as offshore blowout preventer (BOP) systems to tackle the challenges posed by ultra-deepwater oilfield reservoirs. Such advances in drilling technologies are expected to enhance the safety of deepwater and ultra-deepwater well drilling activities.

The growing population and industrial developments are increasing the global demand for energy. Thus, governments of various countries are taking initiatives to improve energy security by increasing oil and gas production. Moreover, deep-water and ultra-deep-water oil and gas projects have been increasing over the past few years owing to rising investments in deep-water and ultra-deep-water drilling. A majority of the incidents and fatal accidents on the rig floor happen due to the manual handling of rig equipment. This is pushing oil and gas operators and regulators to enhance oilfield safety by adopting new technologies which meet the safety requirements in deep-water and ultra-deep-water oil and gas operations. Improved viability of deep-water and ultra-deep-water projects and tightening supply-demand gap are expected to drive the global market during the forecast period. However, development of deep-water projects presents a series of challenges, even for the most experienced players. While the industry has gone through a long learning curve and technology advancements, which have helped drive down the costs of deep-water production. However, players still face a myriad of challenges resulting in lengthy development times of up to twelve years for deep-water projects. Therefore, the associated offshore project risks are expected to hinder the growth of the market studied. Moreover, environmental concerns associated with deep-water and ultra-deep water drilling E&P activities, fluctuations in price of crude oil and natural gas, and rise of renewable energy may hamper the growth of the deep-water and ultra-deep-water drilling industry over the forecast period.

The deep-water and ultra-deep water exploration and production market is segmented based water depth, and region.

Based on water depth, the deep-water and ultra-deep water exploration and production market is segmented into deep-water and ultra-deep-water. The constant and ever increasing demand for fossil fuels and in particular oil and gas has pushed exploration and production industry to drill in deep waters with depths ranging from 1000 to 5000 feet. Furthermore, with the improvement in oil prices, several deep-water projects have become viable to operate and have resulted in an increased investment for deep water exploration and production activities. Also, the breakeven for the deep-water exploration and production has fallen since 2014 and is expected to follow the same trend during forecast period.

Based on the region the deep-water and ultra-deep water exploration and production market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Middle East & Africa has accounted for the largest share in the market in 2018 and is expected to continue its dominance during the forecast period. The Angolan offshore is among the most prospective plays in Africa, and continues to draw high levels of investment. Drilling results are broadly positive, with exploration yielding a number of high-impact discoveries in recent years. Angola’s most prospective acreage in the deep-water, ultra- deep-water, and pre-salt areas, exploration can be characterized as high- risk, high-reward. The bulk of drilling is expected to continue to target deep-water and pre-salt prospects, spearheaded by industry giants, such as Chevron, BP, Eni, Exxon Mobil, Statoil, and Total, along with national oil company Sonangol.

Global Deep water and Ultra-deep water exploration and Production Market, By Water Depth:

• Deep-Water
• Ultra-Deep-Water

Deep-water and Ultra-deep water exploration and Production Market, By Region:

• • • North America
      • North America Deep-water and Ultra-deep water exploration and Production Market, By Water Depth
      • North America Deep-water and Ultra-deep water exploration and Production Market, By Region
        • The U.S.
        • Canada
    • Europe
      • Europe Deep-water and Ultra-deep water exploration and Production Market, By Water Depth
      • Europe Deep-water and Ultra-deep water exploration and Production Market, By Region
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Asia Pacific Deep-water and Ultra-deep water exploration and Production Market, By Water Depth
      • Asia Pacific Deep-water and Ultra-deep water exploration and Production Market, By Region
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Latin America Deep-water and Ultra-deep water exploration and Production Market, By Water Depth
      • Latin America Deep-water and Ultra-deep water exploration and Production Market, By Region
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Middle East & Africa Deep-water and Ultra-deep water exploration and Production Market, By Water Depth
      • Middle East & Africa Deep-water and Ultra-deep water exploration and Production Market, By Region
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The key players operating the global deep water and ultra-deep water exploration and Production Market includes ExxonMobil Corp., Royal Dutch Shell PLC, China National Offshore Oil Corporation, Chevron Corp., BP PLC, Transocean Ltd, Schlumberger Ltd, Halliburton Co., Baker Hughes a GE Co., and Weatherford International PLC. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market. For instance, in January 2020, Royal Dutch Shell: 6% Dividend with a Steadily Growing Renewable Energy Portfolio.

• ExxonMobil Corp.
  • Company Overview 
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business strategies
• Royal Dutch Shell PLC
• China National Offshore Oil Corporation
• Chevron Corp.
• BP PLC
• Transocean Ltd
• Schlumberger Ltd
• Halliburton Co.
• Baker Hughes a GE Co.
• Weatherford International PLC

 “*” marked represents similar segmentation in other categories in the respective section

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Sources
     • Key Industry Insights
   • Secondary Data
     • Major Secondary Sources
     • Secondary Sources
   • Market Estimation
   • Top-Down Approach
     • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
   • Bottom-Up Approach
     • Approach for estimating market share by Bottom-up Analysis (Demand Side)
   • Market Breakdown and Data Triangulation
   • Research Assumptions
3. Market Preview
   • Executive Summary
   • Key Findings—Global Outlook for Deep-water and Ultra-deep Water Exploration and Production Market Strategies
     • Key Questions this Study will Answer
     • Market Snippet, By Water Depth
     • Market Snippet, By Region
   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
     • Market Trends
   • DR Impact Analysis
   • PEST Analysis
   • Porter’s Five Forces Analysis
   • Opportunity Orbit
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Market Segmentation, By Water Depth, 2020 – 2030, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
     • Y-o-Y Growth Analysis (%), 2020 – 2030
     • Segment Trends
   • Deep-Water
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Ultra-Deep-Water
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
6. Global Market, By Region, 2020 – 2030, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
     • Y-o-Y Growth Analysis (%), 2020 – 2030
     • Regional Trends
   • North America
     • Market Size and Forecast (US$ Mn), By Water Depth, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Region, 2020 – 2030
       • U.S.
       • Canada
   • Europe
     • Market Size and Forecast (US$ Mn), By Water Depth, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Region, 2020 – 2030
       • Germany
       • UK
       • France
       • Russia
       • Italy
       • Rest of Europe
   • Asia Pacific
     • Market Size and Forecast (US$ Mn), By Water Depth, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Region, 2020 – 2030
       • China
       • India
       • Japan
       • South Korea
       • Rest of Asia Pacific
   • Latin America
     • Market Size and Forecast (US$ Mn), By Water Depth, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Region, 2020 – 2030
       • Brazil
       • Mexico
       • Rest of Latin America
   • Middle East & Africa
     • Market Size and Forecast (US$ Mn), By Water Depth, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Region, 2020 – 2030
       • GCC
       • Israel
       • South Africa
       • Rest of Middle East
7. Competitive Landscape
   • Heat Map Analysis
   • Market Presence and Specificity Analysis
8. Company Profiles

• ExxonMobil Corp.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Royal Dutch Shell PLC
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• China National Offshore Oil Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Chevron Corp.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• BP PLC
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Transocean Ltd
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Schlumberger Ltd
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Halliburton Co.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Baker Hughes a GE Co.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Weatherford International PLC
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

1. The Last Word
   • Future Impact
   • About Us
   • Contact