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Research Reports Contract Drilling Market 2015 - 2023

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A new research report, titled “Contract Drilling Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2015 - 2023,” from Transparency Market Research (TMR) delivers key insights into the global contract drilling market.
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Contract Drilling Market - Global Industry
Analysis, Market Size, Share, Growth,
Trends and Forecast 2015 - 2023
USD 4315.5
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Transparency Market Research
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90, State Street, Suite 700.
Albany, NY 12207
United States
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REPORT DESCRIPTION
A new research report, titled “Contract Drilling Market - Global Industry Analysis, Market Size, Share,
Growth, Trends and Forecast 2015 - 2023,” from Transparency Market Research (TMR) delivers key insights into
the global contract drilling market. The research report offers a detailed analysis of the key drivers and restraints of
the global contract drilling market. Moreover, the opportunities and challenges in the global contract drilling market
are also evaluated in the study.
Complete Report Contract Drilling Market with TOC : http://www.transparencymarketresearch.com/contractdrilling-market.html
The global contract drilling market is primarily driven by the increasing number of onshore and offshore drilling
activities. Moreover, the rising innovation in drilling technologies and the growing inclination towards the
development of unconventional sources of energy are also driving the global contract drilling market. On the other
hand, the high capital requirement for purchase and maintenance of drilling equipment is restraining the global
contract drilling market.
Broadly, the global contract drilling market is segmented on the basis of service type, terrain type, contract length,
and geography. At times, principal companies need only a specific type of service, comprising a part of the drilling
process. Hence, depending on the tenure of the project, the contract drilling market is divided into short-term and
long-term drilling services. Furthermore, the contract length for such products depends on the size of the project and
also on the number of wells to be drilled.
Nevertheless, contract drilling services can be deployed for both onshore and offshore drilling operations. Presently,
onshore contract drilling firms are leveraging the investments made by principal companies to exploit
unconventional shale oil, gas, and coal-bed methane reservoirs. In addition to this, the rising advancement in drilling
technologies has led to a trend of contract drilling companies focusing more on offshore areas to explore oil and gas
reservoirs. Likewise, firms are willing to invest in exploring shallow water areas as well as untapped deep and ultradeep water areas.
Regionally, the global contract drilling market is classified into Europe, Asia Pacific, North America, the Middle East
and Africa (MENA), and Latin America. The U.S. is the major oil producer in North America. In the North Sea, Russia,
the U.K., and Norway are the key oil and gas producing countries. In the MENA region, the major oil producers are
Iraq, Saudi Arabia, Iran, Kuwait, and Nigeria. In Latin America, these are Venezuela, Brazil, Colombia, and Argentina.
Players in the global contract drilling market will benefit from the opportunity presented by the untapped
hydrocarbon reserves in North African nations. The leading players in the global contract drilling market are
Sidewinder Drilling, Halliburton, Baker Hughes, Basic Energy Services, and Schlumberger Limited.
About Us
Transparency Market Research (TMR) is a market intelligence company providing global business research
reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insights for thousands of decision-makers.
TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources along with
various tools and techniques to gather and analyze information. Our business offerings represent the latest
and the most reliable information which is indispensable for businesses to sustain their competitive edge.
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