Global Deepwater And Ultradeepwater Exploration Overview
Deepwater drilling is the process of making holes by drilling rig for oil mining in deep sea. Oil and gas regulators and operators are enhancing oilfield safety by adopting new technologies to meet the safety requirements in deepwater and ultra-deepwater oil and gas operations. In order to tackle the challenges posed by ultra-deepwater oilfield reservoirs, many companies are concentrating on improving equipment such as offshore blowout preventer (BOP) systems. Such advances in drilling technologies are anticipated to improve the safety of deepwater and ultra-deepwater well drilling activities.
Rising industrial developments and population led to increasing demand for energy globally. In addition, increasing deepwater and ultra-deepwater oil and gas projects over the past few years has led to raise investments in deepwater and ultra-deepwater drilling. Hence, rise in E&P activities is expected to drive growth of the global market over the forecast period. Moreover, governments of various countries are taking initiatives to improve energy security by increasing oil and gas production which in turn boosts growth of the target market. However, fluctuations in price of crude oil and natural gas, environmental concerns associated with deepwater and ultra-deepwater drilling E&P activities, and rise of renewable energy may hamper the growth of the deepwater and ultra-deepwater exploration production over the forecast period. Nevertheless, constant and ever increasing demand for fossil fuels and in particular oil and gas has upsurge production and exploration industry to drill in deep waters with depths ranging from 1000 to 5000 feet. This is attributed to create lucrative growth opportunities for the global market over the forecast period.
The global deepwater and ultra-deepwater exploration production EP market is segmented based of water depth and region.
Based on water depth, the global deepwater and ultra-deepwater exploration production EP market is segmented into deepwater and ultra-deepwater. The deepwater segment of oil and gas projects are anticipated to witness a significant growth rate over the forecast period due to growing deepwater exploration and production projects in the countries such as Guyana, Brazil, Nigeria, and others.
Based on region the global deepwater and ultra-deepwater exploration production EP market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North and South America are the major regions of the deepwater and ultra-deep water research market. According to data published by IEA in 2019, the U.S will lead oil-supply growth over the next six years, owing to incredible strength of its shale industry, triggering a rapid transformation of global oil markets. By 2024, the U.S. is expected to export more oil than Russia and will be nearby to Saudi Arabia. The Asia-pacific is one of the fastest growing markets with the rising investments around the energy and exploration fields. In 2018, Middle East & Africa has accounted for the largest share in the global market and is anticipated to continue its dominance over the forecast period.
Key players operating in the global deepwater and ultra-deepwater exploration production EP market includes BP PLC, Chevron Corporation, China National Offshore Oil Corporation, Exxon Mobil Corporation, Royal Dutch Shell PLC, Petroleo Brasileiro SA, Petroleos Mexicanos, Royal Dutch Shell PLC, and Total SA.
Detailed Segmentation:
Global Deepwater and Ultra-deepwater Exploration Production EP Market, By Water Depth:
- Deepwater
- Ultra-Deepwater
Global Deepwater and Ultra-deepwater Exploration Production EP Market, By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profile:
- BP PlC *
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Chevron Corporation
- China National Offshore Oil Corporation
- Exxon Mobil Corporation
- Royal Dutch Shell PLC
- Petroleo Brasileiro SA
- Petroleos Mexicanos
- Royal Dutch Shell PLC
- Total SA
“*” marked represents similar segmentation in other categories in the respective section
Global Deepwater And Ultradeepwater Exploration Table of Contents
Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness 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
Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Water Depth
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
Deepwater and Ultra-deepwater Exploration Production EP Market, By Water Depth, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Deepwater
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Ultra-Deepwater
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Deepwater and Ultra-deepwater Exploration Production EP Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Water Depth, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Water Depth, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Water Depth, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Water Depth, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Water Depth, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East
Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
Company Profiles
- BP PlC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Chevron Corporation
- 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
- Exxon Mobil Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Royal Dutch Shell PLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Petroleo Brasileiro SA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Petroleos Mexicanos
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Royal Dutch Shell PLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Total SA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
The Last Word
- Future Impact
- About Us
- Contact
FAQs
The deepwater and ultra-deepwater exploration production EP market report is segmented into water depth and region.
Factors driving market growth include advancements in deepwater drilling technologies, the discovery of new offshore oil and gas reserves, and the increasing demand for energy resources.
Global restraints may include high exploration and production costs, technical challenges associated with deepwater operations, and environmental concerns related to deep-sea drilling.
The report considers regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Latin America is estimated to dominate the Deepwater and Ultra-deepwater Exploration Production (EP) Market, witnessing a significantly high revenue share over the forecast period.
Key players operating in the global deepwater and ultra-deepwater exploration production EP market includes BP PLC, Chevron Corporation, China National Offshore Oil Corporation, Exxon Mobil Corporation, Royal Dutch Shell PLC, Petroleo Brasileiro SA, Petroleos Mexicanos, Royal Dutch Shell PLC, and Total SA.