The World Offshore Drilling Spend Forecast 2009-2013

energy business analysts www.douglas-west wood.com The definitive drilling report This unique report provides an essential and complete overview of the technology and future …for the offshore drilling business. It reviews and forecasts the world market by region and type of activity. By the number of wells being drilled and by the investment capital that will be required to fulfill this activity. Offshore technology The report analyses the current state of the drilling industry. Suitable for readers of all …
The definitive drilling report This unique report provides an essential and complete overview of the technology and future prospects for the offshore drilling business. It reviews and forecasts the world market by region and type of activity. By the number of wells being drilled and by the investment capital that will be required to fulfill this activity. Offshore technology The report analyses the current state of the drilling industry. Suitable for readers of all backgrounds it presents a detailed historical and current review of offshore drilling technology, discussing traditional and new techniques as well as the commercial impact these may have on the development of the drilling industry over the next few years. Global drilling Drilling is forecast to rise 7% over the period 2009-2013 compared with the period 2004-2008, despite a sharp decline in 2009. Approximately 18,300 offshore wells were drilled globally over the last five years. From 2000 to 2003 numbers had declined but they picked up again in 2004 as prices rose with activity and the oil price, reaching a peak in 2007, before dropping slightly in 2008. The forecast for 2009-2013 is of a decline in 2009, followed by consistently rising numbers including a sharp jump in 2011, to reach around 19,600 over the five year period. Well drilling numbers and types are discussed for every country in the world with offshore projects and potential projects. The regional drilling forecasts are presented in table and chart form in a clear and accessible format.
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