The Future of the Offshore Drilling Industry to 2015 - Market Analysis, Capital Spend and Competitive Landscape
'Approximately $350 billion was spent on offshore drilling from 2000 to 2008 and the regions accounting for the major share of the spending were the US Gulf of Mexico (USGOM), West Africa, Brazil and Asia Pacific.Advances in technology and recent increases in commodity prices have lead to increased exploration in the offshore areas of South and Central America. Brazil is the most promising region in South and Central America for offshore activity and it is emerging as one of the most important offshore drilling markets in the world due to the discovery of huge reserves in its offshore regions. According to GBI Research’s estimates, offshore drilling expenditure in South and Central America totaled more than $55 billion from 2000 to 2008 with Brazil accounting for more than $45 billion of this. Furthermore, South and Central America is estimated to attract close to $100 billion in the period from 2009 to 2015 with Brazil alone expected to attract a drilling spend of more than $80 billion.
GBI Research’s new report "The Future of the Offshore Drilling Industry to 2015 - Market Analysis, Capital Spend and Competitive Landscape" provides an in-depth analysis of the offshore drilling industry and highlights the various concerns, shifting trends and emerging regions in the global offshore drilling industry. The report provides forecasts on offshore drilling expenditure to 2015, exploratory and development drilling expenditure forecasts to 2015 and an in-depth analysis of the key trends and challenges in the global drilling industry. The report also discusses the major offshore projects globally and provides an analysis of the competitive scenario in each of the geographies.
