World Drilling & Production Market Forecast to grow at a 3% CAGR to 2024
Drilling & Production market report covers Market analysis, market size with a focus on trends, developments, mergers, and acquisitions, market share analysis, companies both manufacturers and end users, product launches, distribution channel analysis and
(EMAILWIRE.COM, May 08, 2018 ) About the market report:
Expected global development drilling activity to increase 6% in 2018 and continue growing at a 3% CAGR to 2024. Higher levels of activity this year will be driven by US onshore recovery whilst weaker drilling activity in Russia and China towards the end of the forecast period drives the lower global growth rate overall.
Onshore production in the USA has ramped up with rising oil prices, increasing by 430 kbbl/d in 2017. Based on current visibility of activity levels and initial production (‘IP’) data from new well completion activity, further growth of circa 950kbbl/d is expected in 2018. This is a conservative outlook when compared to the US Energy Information Administration (EIA) outlook, however, we recognise that there is potential for upside on these volumes if IP rates improve further.
Deepwater oil & gas will grow and diversify, with production from outside the traditional ‘Golden Triangle’ increasing from 19% of deepwater production in 2018 to 36% by 2024.
To access the full table of contents of the report click below:
https://www.marketintelreports.com/report/9781910045114/world-drilling--production-market-forecast-20152021
This quarter’s edition of the World Drilling & Production Market Forecast has found that almost half of the impacts of a co-ordinated OPEC and Non-OPEC production cut will be negated by sharp increases in US onshore production this year – the result of rising IP rates and continued high levels of completion activity across key basins
This report includes data and analysis for 70 of the most important energy producing countries, including detailed drilling and production data for each country covering the period 2008-2024.
There are 9 Chapters to deeply display the World Drilling & Production Market.
To find out more about the report or request some customization:
https://www.marketintelreports.com/inquiry-before-buying.php?id=9781910045114
Table of Contents-Key Points Covered –
1 Global Drilling and Production
Summary
Methodology
Global Production and Drilling
Onshore Production and Drilling
Onshore Production and Drilling: Oil
Onshore Production and Drilling: Gas
Offshore Production and Drilling
Offshore Production and Drilling: Shallow Water
Offshore Production and Drilling: Deepwater
2 Africa
Africa Overview
Algeria
Angola
Egypt
Equatorial Guinea
Gabon
Ghana
Libya
Mozambique
Nigeria
Republic of Congo
Sudan and South Sudan
Tanzania
………….
5 Latin America
Latin America Overview
Argentina
Bolivia
Brazil
Colombia
Ecuador
Mexico
Peru
Trinidad & Tobago
Venezuela
6 Middle East
Middle East Overview
Bahrain
Iran
Iraq
Israel
Kuwait
Oman
Qatar
Saudi Arabia
Syria
Turkey
UAE
Yemen
Continued…..
Complete Report Details @ https://www.marketintelreports.com/report/9781910045114/world-drilling--production-market-forecast-20152021
About us:
MIR intends to be a one-stop shop with an intuitive design, exhaustive database, expert assistance, secure cart checkout and data privacy integrated. It curates the list of reports, publishers, and studies to ensure that the database is constantly updated to dynamically meet the targeted, specific needs of our clients.
MarketIntelReports currently has more than 2.5 million titles and 200 publishers on our platform and are growing consistently to fill the “World Intelligence Demand – Supply Gap”. We cover more than 15 industry verticals being: Automotive, Electronics, Manufacturing, Pharmaceuticals, Healthcare, Chemicals, Building & Construction, Agriculture, Food & Beverages, Banking & Finance, Media and Government, Public Sector Studies.
Expected global development drilling activity to increase 6% in 2018 and continue growing at a 3% CAGR to 2024. Higher levels of activity this year will be driven by US onshore recovery whilst weaker drilling activity in Russia and China towards the end of the forecast period drives the lower global growth rate overall.
Onshore production in the USA has ramped up with rising oil prices, increasing by 430 kbbl/d in 2017. Based on current visibility of activity levels and initial production (‘IP’) data from new well completion activity, further growth of circa 950kbbl/d is expected in 2018. This is a conservative outlook when compared to the US Energy Information Administration (EIA) outlook, however, we recognise that there is potential for upside on these volumes if IP rates improve further.
Deepwater oil & gas will grow and diversify, with production from outside the traditional ‘Golden Triangle’ increasing from 19% of deepwater production in 2018 to 36% by 2024.
To access the full table of contents of the report click below:
https://www.marketintelreports.com/report/9781910045114/world-drilling--production-market-forecast-20152021
This quarter’s edition of the World Drilling & Production Market Forecast has found that almost half of the impacts of a co-ordinated OPEC and Non-OPEC production cut will be negated by sharp increases in US onshore production this year – the result of rising IP rates and continued high levels of completion activity across key basins
This report includes data and analysis for 70 of the most important energy producing countries, including detailed drilling and production data for each country covering the period 2008-2024.
There are 9 Chapters to deeply display the World Drilling & Production Market.
To find out more about the report or request some customization:
https://www.marketintelreports.com/inquiry-before-buying.php?id=9781910045114
Table of Contents-Key Points Covered –
1 Global Drilling and Production
Summary
Methodology
Global Production and Drilling
Onshore Production and Drilling
Onshore Production and Drilling: Oil
Onshore Production and Drilling: Gas
Offshore Production and Drilling
Offshore Production and Drilling: Shallow Water
Offshore Production and Drilling: Deepwater
2 Africa
Africa Overview
Algeria
Angola
Egypt
Equatorial Guinea
Gabon
Ghana
Libya
Mozambique
Nigeria
Republic of Congo
Sudan and South Sudan
Tanzania
………….
5 Latin America
Latin America Overview
Argentina
Bolivia
Brazil
Colombia
Ecuador
Mexico
Peru
Trinidad & Tobago
Venezuela
6 Middle East
Middle East Overview
Bahrain
Iran
Iraq
Israel
Kuwait
Oman
Qatar
Saudi Arabia
Syria
Turkey
UAE
Yemen
Continued…..
Complete Report Details @ https://www.marketintelreports.com/report/9781910045114/world-drilling--production-market-forecast-20152021
About us:
MIR intends to be a one-stop shop with an intuitive design, exhaustive database, expert assistance, secure cart checkout and data privacy integrated. It curates the list of reports, publishers, and studies to ensure that the database is constantly updated to dynamically meet the targeted, specific needs of our clients.
MarketIntelReports currently has more than 2.5 million titles and 200 publishers on our platform and are growing consistently to fill the “World Intelligence Demand – Supply Gap”. We cover more than 15 industry verticals being: Automotive, Electronics, Manufacturing, Pharmaceuticals, Healthcare, Chemicals, Building & Construction, Agriculture, Food & Beverages, Banking & Finance, Media and Government, Public Sector Studies.
Contact Information:
MarketIntelReports
Lakshmi
Tel: 1-302-261-5343
Email us
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MarketIntelReports
Lakshmi
Tel: 1-302-261-5343
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results