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Global Deepwater Hydrocarbon Exploration Market – Industry Trends and Forecast to 2028

  • Chemical and Materials
  • Upcoming Report
  • Jan 2021
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Deepwater Hydrocarbon Exploration Market, By Service (Deepwater Exploration, Deepwater Drilling And Deepwater Production), Depth (Deep Water, Ultra Deep Water), Drilling Rigs (Fixed Platform Rig, Jack Up Rig, Compliant Tower Rig, Subsea Systems, Spar Platforms), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

Deepwater Hydrocarbon Exploration Market Market Analysis and Insights : Global Deepwater Hydrocarbon Exploration Market

The deepwater hydrocarbon exploration market is expected to witness market growth at a rate of 7.70% in the forecast period of 2021 to 2028 and is expected to reach USD 17.54 billion by 2028. Data Bridge Market Research report on deepwater hydrocarbon exploration market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increasing deepwater for oil and gas activities is escalating the growth of deepwater hydrocarbon exploration market.

Hydrocarbons found under the ocean floor are known to be the only source of oil and gas which are untouched while the other oil and gas reserves are being depleted. Thus, they are gaining popularity in the oil and gas industry in today’s date. 11% out of all the hydrocarbon reserves on the earth’s surface consist of deepwater reserves.

The rise in demand for conventional hydrocarbons including crude oil and natural gas especially in emerging markets of Asia-Pacific and Latin America and the decreasing global conventional oil reserves are the major factors driving the deepwater hydrocarbon exploration market. The rise in investment by numerous companies and technological advancement accelerate the deepwater hydrocarbon exploration market growth. The market was earlier facing decline due to high cost of exploration, capital expenditure, negative profit margin and underdeveloped technologies but the scenario changed because of developments in the deep sea and ultra deep sea exploration and drilling activities the high prices of crude oil which make deep sea drilling economically feasible. The increase in the number of research and development projects in order to explore other unconventional hydrocarbon deepwater sources and surging investment in the respective projects influence the deepwater hydrocarbon exploration market. Additionally, the growing population, high consumption of energy, rise in awareness and requirement for apposite regulatory framework and initiatives by government positively affects the deepwater hydrocarbon exploration market. Furthermore, technological advancement, untapped reserves and emerging economies extend profitable opportunities to the deepwater hydrocarbon exploration market players in the forecast period of 2021 to 2028.

On the other hand, the implementation of stringent environmental and HSE regulations associated with the drilling and exploration activities is expected to obstruct the deepwater hydrocarbon exploration market growth. The rise in demand for renewable and sustainable energy sources among consumers globally is projected to challenge the deepwater hydrocarbon exploration market in the forecast period of 2021-2028.

This deepwater hydrocarbon exploration market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on deepwater hydrocarbon exploration market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Deepwater Hydrocarbon Exploration Market Scope and Market Size

The deepwater hydrocarbon exploration market is segmented on the basis of service, depth and drilling rigs. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets. 

  • On the basis of service, the deepwater hydrocarbon exploration market is segmented into deepwater exploration, deepwater drilling and deepwater production.
  • On the basis of depth, the deepwater hydrocarbon exploration market is segmented into deep water and ultra-deep water.
  • On the basis of drilling rigs, the deepwater hydrocarbon exploration market is segmented into fixed platform rig, jack up rig, compliant tower rig, subsea systems and spar platforms.

Global Deepwater Hydrocarbon Exploration Market Country Level Analysis

The deepwater hydrocarbon exploration market is analyzed and market size, volume information is provided by country, service, depth and drilling rigs as referenced above.      

The countries covered in the global deepwater hydrocarbon exploration market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America. 

North America dominates the deepwater hydrocarbon exploration market due to the majority of deep sea activities recently have been identified in Gulf of Mexico and North Sea regions, growing oil and natural gas production and technological developments. Asia-Pacific is expected to witness high growth during the forecast period of 2021 to 2028 because of the rise in investment by exploration and production industry, favorable government policies and increasing number of drilling activities in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Deepwater Hydrocarbon Exploration Market Share Analysis

The deepwater hydrocarbon exploration market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to deepwater hydrocarbon exploration market.

The major players covered in the deepwater hydrocarbon exploration market report are Oceaneering International, Inc., TRANSOCEAN LTD., Petrobras, Trico Marine Services, bp p.l.c., Chevron Corporation, hina National Offshore Oil Corporation, Exxon Mobil Corporation, Shell, Reliance Industries Limited, KOSMOS ENERGY LTD, Oil and Natural Gas Corporation Ltd, BHP, Hess Corporation, Halliburton among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Customization Available : Global Deepwater Hydrocarbon Exploration Market

Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.


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