Global Offshore Drilling Market Outlook, 2019-2023; Driven by the Rise in Deepwater & Ultra-deepwater E&P Activities - ResearchAndMarkets.com
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Wednesday, February 13, 2019
Thus, the rise in demand for oil and gas will increase drilling activities in offshore locations, thereby driving the global offshore drilling market.
Key Points:
- Thus, the rise in demand for oil and gas will increase drilling activities in offshore locations, thereby driving the global offshore drilling market.
- The rise in investments in offshore projects will propel E&P activities in deepwater and ultra-deepwater locations.
- Hence, the rise in E&P activities in deepwater and ultra-deepwater resources will drive the global offshore drilling market during the forecast period.
- This will limit the drilling activities in offshore locations which will be a challenge to the growth of the global offshore drilling market during the forecast period
The market appears to be moderately fragmented and with the presence of few vendors.