The Deepwater Drilling Market Will See $32.09bn in Spending in 2016

This new 214 page report, now available on ASDReports, The Deepwater Drilling Market 2016-2026: CAPEX and Charter Spending for Drillships, Semi-Subs and Tender Rigs Rated Over 500m in Water Depth indicates that the deepwater drilling market will see $32.09bn in spending in 2016, including CAPEX and charter spending.

The lead analyst of the report said: “Due to low oil prices and vessel oversupply, 2016 is a weak year for the deepwater drilling sector. As contracts end and more newbuilds enter the market, charter rates likely still have further to fall in the immediate future. However, vessel ownership is still profitable even under the current market dynamics, and the long-term outlook for the sector is far more promising.”

The report contains 185 tables, charts and graphs that add visual analysis and contract information in order to explain developing trends within the deepwater drilling market. Visiongain provides annual CAPEX and charter spending forecasts and analysis for the period 2016-2026 for the global deepwater drilling market, as well as the deepwater drillship, semi-sub and tender rig submarkets. The report also includes market forecasts and analysis for six regional markets and individualised analyses of 25 national markets.

In addition, the report contains an up-to-date analysis of the latest oil price dynamics and a ten-year oil price forecast. It also has a dedicated leading companies’ chapter including extensive profiles and market share data for the leading owners of deepwater drillships, semi-subs and tender rigs. It also features the transcript of an original interview with South America-based freelance energy journalist Heidi Vella, as well as tables detailing all active, under modification, cold stacked and under construction deepwater drilling vessels.

The Deepwater Drilling Market 2016-2026 report will be of value to anyone who wants to better understand the deepwater drilling market and its dynamics. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different region or sector within the deepwater drilling industry.

Read more on ASDReports!