Deepwater Hydrocarbons Exploration Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Request Brochure Request Discount

Report Code: ZMR-500 | Report Format : | Status : Upcoming |

Abstract

Global Deepwater Hydrocarbons Exploration Market: Overview

The hydrocarbons under the ocean floor remain the only source of oil and gas that is untouched while the other oil and gas reserves are getting depleted. As a result, the oil exploration and production companies are showing great interest in using these hydrocarbons. Deepwater reserves account for approximately 11% out of all the hydrocarbon reserves on the earth’s surface.

Global Deepwater Hydrocarbons Exploration Market: Segmentation

The global deepwater hydrocarbons exploration market is broadly segmented into type of service, depth of exploration, type of drilling platforms, and regions. Based on the type of service, the deepwater hydrocarbons exploration market is classified into deepwater exploration, deepwater hydrocarbon production and drilling. The global market is segmented on the basis of depth of exploration into deep water and ultra deep water. On the basis of the type of drilling platforms, the deepwater hydrocarbons exploration market is divided into subsea systems, fixed platform rig, jack-up rig, spar platforms, and compliant tower rigs. The market is geographically diversified into regions such as Asia Pacific, Europe, North America, and Rest of the World.

Global Deepwater Hydrocarbons Exploration Market: Growth Factors

The modern technology advancements and the increasing number of companies making investments have been the major factors driving the deepwater hydrocarbons exploration market. The growing demand for conventional hydrocarbons such as crude oil and natural gas has made a significant growth in the deepwater hydrocarbons exploration market. The market growth was slow in the past due to the high cost of exploration, capital expenditure, underdeveloped technologies, and the negative profit margin. However, the scenario has changed considerably owing to the technological developments in the deepsea and ultra deepsea exploration and drilling, and high crude oil prices are making the deepsea drilling economically feasible. The technological developments and the increased R&D activities for the exploration of other unconventional hydrocarbon deepwater sources will make the market grow significantly. The factor restraining the global market growth is the increasing environmental and HSE regulations for the drilling and exploration activities. The other factor hampering the market growth is the demand for renewable and sustainable energy sources.

Global Deepwater Hydrocarbons Exploration Market: Regional Analysis

The region that dominates the deepwater hydrocarbons exploration market is North America. The Gulf of Mexico and the North Sea regions have been identified as the major regions where majority of the deepsea activities are carried out since the last few years. Latin American market is also growing significantly due to the large hydrocarbon reserves in the Venezuela and Brazilian offshore. The Asia Pacific and European regions are also showing a significant growth in the deepwater hydrocarbons exploration market. The Middle East region has many deepsea reserves, hence anticipating the market growth in the coming years.

Global Deepwater Hydrocarbons Exploration Market: Competitive Players

Some of the key companies operating in the deepwater hydrocarbons exploration market include Oceaneering International Inc., PetroBras, Brazilian Petroleum Corporation, Schlumberger Ltd., Transocean Ltd., and Trico Marine Services Inc.

Global Deepwater Hydrocarbons Exploration Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Wind Turbine Operations & Maintenance Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024

Price : $ 3999.00 | Report Code: ZMR-3357 | Report Format:

Global Wind Turbine Operations Maintenance Market: Overview Wind turbine operations and maintenance (OM) represents a growing segment and business opportunity in the wind energy industry in coming years. Wind turbine operations and maintenance mainly involve troubleshooting, repair, operation, ...Read More

Biomass Boiler Market by Feedstock Type (Woody Biomass, Agriculture & Forest Residues, Biogas & Energy Crops, and Urban Residues), by Product Type (Stoker Boilers, Bubbling Fluidized Bed (BFB) Boilers, and Circulating Fluidized Bed (CFB) Boilers), and by Application (Industrial, Commercial, and Residential): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2024

Aug-2018 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3301 | Report Format:

The report covers forecast and analysis for the biomass boiler market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). The study includes drivers and restraints for the biomass boiler market...Read More

Liquefied Petroleum Gas (LPG) Market by Source (Refinery, Associated Gas, and Non-Associated Gas), by End-User (Residential/Commercial, Petrochemical and Refinery, Industrial, and Transportation): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017- 2024

Aug-2018 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3272 | Report Format:

The report covers forecast and analysis for the liquefied petroleum gas market on a global and regional level. The study provides historical data from 2016 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the liquefied pe...Read More

Generator Market by Fuel Type (Gasoline, Diesel, LPG, Natural Gas, and Others); by Power Rating (Up to 5 KVA, 5 to 10 KVA, 10 to 15 KVA, and 15 to 20 KVA); by Generator Type (Portable and Stationary); and by End-user (Industrial, Telecom, Residential, and Commercial): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024

Aug-2018 | Price : $ 4899.00 | Pages: 130 | Report Code: ZMR-3264 | Report Format:

The report covers forecast and analysis for the generator market on a global and regional level and country level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on both volume (Units) and revenue (USD billion). The study includes drivers and res...Read More

Petroleum Coke Market by Product (Calcined Coke and Fuel Grade Coke), and by End-User (Calcining, Power Plants, Cement Kilns, and Blast Furnace): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024

Aug-2018 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3258 | Report Format:

The report covers forecast and analysis for the petroleum coke market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the petroleum coke market...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.