Drilling for Offshore Oil and Gas (Global)

Introduction

The report analyses the global offshore drilling market providing historic drilling and spending trends in the period 2005 to 2009 and forecast trends over the period 2010 to 2014. The report discusses key drilling events in each country of the region including a synthesis of shallow versus deep water spending and exploratory versus development spending.

Scope

*The report aims to fully explain, quantify and cost the regional offshore drilling market.
*Drilling mainly occurs in areas where oil and/or gas production has been achieved. Only a very few wells are drilled in high-risk regions where it is hoped that production will be achieved in the future.

Highlights

The report provides historic drilling and spending trends over the period 2005 to 2009 and forecast trends over the period 2010 to 2014.

Reasons to Purchase

*Understand and  quantify global offshore drilling market.
*Assess future offshore drilling opportunities globally.

Table of Contents :

OVERVIEW 1
Catalyst 1
Content summary 1
Methodology 2
Offshore well definitions 2
Deep water definitions 2
Forecasting drilling numbers 3
Expenditure modeling 3
Segmentation 4
EXECUTIVE SUMMARY 5
Introduction 5
Regional drilling 6
Exploratory drilling 6
Development drilling 7
Sector spending 8
Regional spending 9
Regional summaries 10
Global drilling 10
Global spending 10
The Americas 10
Europe and the former Soviet Union 11
Africa and the Middle East 11
The Asia Pacific 12
TABLE OF CONTENTS 13
TABLE OF FIGURES 13
TABLE OF TABLES 14
THE TOOLS OF OFFSHORE DRILLING 14
Foundations of drilling 14
Early drilling 14
Introduction of rotary drilling 16
The move offshore 16
Introduction of purpose-built offshore rigs 18
The offshore drilling rig 18
Platform rigs and tenders 20
Barges and submersibles 21
Jackups 22
Drillships 23
Semisubmersibles 25
Deep water drilling 26
Deep water rig features 29
The current rig market 29
Current well numbers 31
REVIEW OF DRILLING TECHNOLOGY 32
Introduction 32
Exploration wells 32
Appraisal wells 33
Development wells 34
Injection development wells 35
Horizontal and extended-reach development wells 36
Multilateral development wells 37
Slimhole development wells 38
Re-entry development wells 38
Rotary drilling procedures 39
Risers 41
Rotary drilling mechanics 42
Power 42
Hoisting 42
Rotating 43
Circulating 44
Well control 45
Measurement 45
Well depth 45
Horizon depth 46
Total depth 46
Services: rigs 47
Mobilization and installation 48
Services: geoscience 49
Mud logging services 50
Detection of hydrocarbons 52
Coring services 53
Downhole logging services 53
Log types 54
Services: engineering 55
Site and location surveys 56
Drilling fluids and waste management 57
Water-based muds 58
Oil and synthetic-based muds 58
Other fluids 59
Waste management 60
The bit program 60
Directional drilling 62
Monitoring- and logging-while-drilling 62
Top drives 64
Casing and cementing 65
Casing procedure 66
Fixing casing 67
Other materials and contingent services 68
Mechanical failure 68
Well control 69
Near-surface instability 71
Lost circulation and salt 71
Unwanted gases 72
Hazardous climatic conditions 72
Well testing 73
Perforating 74
Drillstem testing 74
Fracturing and acidizing 75
Repeat formation testing 76
Leaving the well 76
Services: support 77
Transport 77
Financial and miscellaneous support 78
DRILLING IN THE AMERICAS 81
North America 85
The US 85
The Gulf of Mexico 85
Other US 86
Canada 86
Greenland 87
Central America 88
Mexico 88
The Caribbean islands 89
South America 91
Venezuela 91
Brazil 92
Other South America 92
DRILLING IN EUROPE AND THE FSU 95
Northwest Europe 99
The UK 99
Norway 100
Other North Sea 101
Other Northwest Europe 101
Southern Europe 103
Eastern Europe (not FSU) 104
The former Soviet Union 104
Russia 104
Other European FSU 105
Azerbaijan 106
Kazakhstan 106
Turkmenistan 107
DRILLING IN AFRICA AND THE MIDDLE EAST 108
North and Northwest Africa 112
Egypt 112
Libya and Tunisia 113
Other North and Northwest Africa 113
West Africa 115
Côte d'Ivoire 115
Ghana, Benin and Togo 116
Nigeria and São Tome and Principe 116
Cameroon 117
Equatorial Guinea 117
Gabon and the Congos 118
Angola and Namibia 118
South and East Africa 119
South Africa 119
Other South and East Africa 120
The Middle East 121
Iran 121
Kuwait 121
Saudi Arabia 122
Qatar and Bahrain 122
United Arab Emirates 123
Other Middle East 123
DRILLING IN ASIA PACIFIC 125
North Asia 129
China 129
Other North Asia 130
South Asia 131
Pakistan and India 131
Other South Asia 132
Southeast Asia 133
Indonesia 133
Malaysia and Brunei 134
Myanmar 135
Thailand 136
Vietnam 136
Other Southeast Asia 136
Australasia 137
Australia 137
Other Australasia 138
GLOBAL DRILLING SUMMARIES 141
Shallow exploratory drilling summary 143
Deep exploratory drilling summary 145
Shallow development drilling summary 147
Deep development drilling summary 150
Shallow versus deep drilling summary 151
Exploratory versus development drilling summary 153
SECTOR SPENDING 155
Introduction 155
The spending model 156
Service cost movements 158
Rig days 160
Rig sector spending 162
Global rig rates 164
Mobilization and demobilization prices 166
Summary of rig sector spending 167
Engineering sector spending 169
Location service prices 170
Drilling fluid and waste management rates 170
Drilling bit rates 170
Directional and LWD service rates 171
Casing and cementing prices 171
Other rents and materials rates 171
General engineering service rates 172
Testing, completion or abandonment prices 172
Summary of engineering sector spending 173
Geoscience sector spending 175
Wireline and pipe-conveyed logging and coring prices 176
Mud logging rates 176
General geoscience service rates 176
Summary of geoscience sector spending 177
Support sector spending 179
Transport rates 179
Other support service rates 180
Summary of support sector spending 181
SECTOR SPENDING SUMMARIES 183
Shallow water sector spending 183
Deep water sector spending 185
All sector spending 187
SPENDING IN THE AMERICAS 189
North America 189
Latin America 191
SPENDING IN EUROPE AND THE FSU 193
Western Europe 193
Eastern Europe and the FSU 195
SPENDING IN AFRICA AND THE MIDDLE EAST 197
Africa 197
The Middle East 199
SPENDING IN ASIA PACIFIC 201
Asia 201
Australasia 203
GLOBAL SPENDING SUMMARIES 205
Shallow exploratory well spending summary 209
Deep exploratory well spending summary 211
Shallow development well spending summary 213
Deep development well spending summary 216
Shallow versus deep spending summary 218
Exploratory versus development spending summary 219
INNOVATIONS IN DRILLING 221
Introduction 221
Evolving drilling techniques 221
The longer-term future 232
Conclusion 235
APPENDIX 236
Industry abbreviations 236
Data sources 245
Conventions used 245
Ask the analyst 245
Datamonitor consulting 245
Disclaimer 246

List of Tables 
Table 1: OFFSHORE DRILLING: Global well drilling forecast by region to 2014 142
Table 2: OFFSHORE DRILLING: Global well drilling forecast by water depth to 2014 143
Table 3: OFFSHORE DRILLING: Global shallow exploratory well forecast by region to 2014 144
Table 4: OFFSHORE DRILLING: Global deep exploratory well forecast by region to 2014 146
Table 5: OFFSHORE DRILLING: Global shallow development well forecast by region to 2014 148
Table 6: OFFSHORE DRILLING: Global deep development well forecast by region to 2014 150
Table 7: OFFSHORE DRILLING: Global well drilling, comparison by water depth to 2014 152
Table 8: OFFSHORE DRILLING: Global well drilling, comparison by well type to 2014 153
Table 9: OFFSHORE DRILLING: Market analysis, jackups and floaters to 2014 164
Table 10: OFFSHORE DRILLING: Market analysis, jackup and floater rig day rates to 2014 165
Table 11: OFFSHORE DRILLING: Shallow water sector spending forecast to 2014 184
Table 12: OFFSHORE DRILLING: Deep water sector spending forecast to 2014 186
Table 13: OFFSHORE DRILLING: All water depths sector spending forecast to 2014 187