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Report Overview

In the forecast period of 2025-2034, the global deepwater and ultra-deepwater drilling market is expected to grow at a CAGR of 9%.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Global Deepwater and Ultra-Deepwater Drilling Market

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Due to the growing population, the emphasis on exploiting untapped resources has increased to meet the rising demand for energy. As a result, the oil and gas industry is making a lot of technological advancements, which is aiding the growth of the market.

Market Segmentation

The EMR’s report titled “Deepwater And Ultra-Deepwater Drilling Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

The deepwater and ultra-deepwater drilling market can be divided on the basis of application into:

  • Deepwater Drilling 
  • Ultra-Deepwater Drilling
  • Others

Looks into the regional deepwater and ultra-deepwater drilling markets like:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Global Deepwater and Ultra-Deepwater Drilling Market By Application

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Market Analysis

Various government initiatives focus on enhancing energy security and increasing the production of oil and gas by inviting foreign investment and promoting business policies. In the recent years, the rising crude oil prices have enhanced vendor growth potential in the drilling industry for deepwater and ultra-deepwater. As a result, investments in deepwater and ultra-deepwater drilling to increase the production of oil and gas would drive the exploration and production (E&P) operations. During the forecast period, these factors would drive the deepwater and ultra-deepwater drilling market growth. The advancements in offshore pressure control technology is one of the world's leading developments in the exploration industry for deepwater and ultra-deepwater that will fuel the industry growth in the coming years.

Global Deepwater and Ultra-Deepwater Drilling Market By Region

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Competitive Landscape

The report presents a detailed analysis of the following key players in the global deepwater and ultra-deepwater drilling market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Diamond Offshore Drilling Inc.
  • Valaris Limited
  • Saipem Spa
  • Schlumberger Ltd.
  • Transocean Ltd.
  • Nabors Industries Ltd.
  • Seadrill Limited
  • Ensco Rowan Plc 
  • Halliburton Co.
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global deepwater and ultra-deepwater drilling market is projected to grow at a CAGR of 9% between 2025 and 2034.

The major driving factor of the market are the growing demand for energy, growing population, rising crude oil prices, advancements in offshore pressure control technology, technological advancements, and increasing investments.

Key drivers of the industry are various government initiatives to encourage foreign investment and  increasing the production of oil and gas.

The major regions in the industry are North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

Deepwater drilling and ultra-deepwater drilling, among others are the major applications of the market.

The major players in the industry are Diamond Offshore Drilling Inc., Valaris Limited, Saipem Spa, Schlumberger Ltd., Transocean Ltd., Nabors Industries Ltd., Seadrill Limited, Ensco Rowan Plc , Halliburton Co., Others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Application
  • Region
Breakup by Application
  • Deepwater Drilling
  • Ultra-Deepwater Drilling
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Diamond Offshore Drilling Inc.
  • Valaris Limited
  • Saipem Spa
  • Schlumberger Ltd.
  • Transocean Ltd.
  • Nabors Industries Ltd.
  • Seadrill Limited
  • Ensco Rowan Plc 
  • Halliburton Co.
  • Others
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Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

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C130 Sector 2 Noida, Uttar Pradesh 201301

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+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

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+84-865-399-124