Europe Drilling Services Market by Service Types (Contract Drilling, Directional Drilling, LWD and Drilling Waste Management), Applications (Onshore & Offshore) & by Countries - Trends & Forecasts To 2019

The purpose of this report is to cover the definition, description, and forecast of the European drilling services market. It involves a deep-dive analysis of the market segmentation, which is based on application, type, and country. The report also gives deep insights into the competitive landscape of the market through a strategic analysis of the key players in the market. The oil and gas industry relies heavily on drilling to explore the offshore areas, facilitate development in environmentally sensitive areas, and provide production enhancement through horizontal and directional drilling.

The European drilling services market was valued at $27,008.8 million in 2014 and is projected to grow at a CAGR of 5.5% from 2014 to 2019. The demand for energy is increasing rapidly over the years, and many of the existing reservoirs are depleting with time. This raises the need to explore new reservoirs which are situated mainly in offshore areas which are hard to drill vertically because of complex geological structures.

The market segmented in terms of type covers contract drilling, directional drilling, drilling waste management, and logging while drilling. The contract drilling market accounted for the largest market share of 86.9% in 2014.

The major companies operating in the European drilling services market are Schlumberger Ltd. (U.S.), Baker Hughes Inc. (U.S.), Halliburton Co. (U.S.), and Transocean Ltd. (Switzerland).

Market share analysis, by revenue, of the top companies is also included in the report. The scope accordingly aids market participants in identifying high growth markets and helps in managing key investment decisions. For this report, major players in the European drilling services market have been identified through various primary and secondary sources, which include annual reports of top market players, interviews with key opinion leaders such as CEOs, directors, and marketing executives. The market shares have been evaluated and validated based on this research.

Table of Contents

1 Introduction (Page No. - 10)
    1.1 Objectives of the Study
    1.2 Market Segmentation & Coverage
    1.3 Stakeholders

2 Research Methodology (Page No. - 12)
    2.1 Integrated Ecosystem of Europe Drilling Services Market
    2.2 Arriving at the Europe Drilling Services Market Size
           2.2.1 Top-Down Approach
           2.2.2 Bottom-Up Approach
           2.2.3 Demand Side Approach
           2.2.4 Macro-Indicator Based Approach
    2.3 Assumptions

3 Executive Summary (Page No. - 19)

4 Market Overview (Page No. - 21)
    4.1 Introduction
    4.2 Europe Drilling Services Market: Comparison With Parent Market
    4.3 Key Market Dynamics
    4.4 Demand Side Analysis
    4.5 Market Drivers and Inhibitors

5 Europe Drilling Services Market, By Application (Page No. - 28)
    5.1 Introduction
    5.2 Demand Side Analysis
    5.3 Europe Onshore Drilling Services Market, Bycountry, 2013-2019 (USD MN)
    5.4 Europe Offshore Drilling Services Market, By Country, 2013-2019 (USD MN)

6 Europe Drilling Services Market, By Type (Page No. - 34)
    6.1 Introduction
    6.2 Europe Drilling Services Market, Comparison With Parent Market, 2013-2019 (USD MN)
    6.3 Europe Contract Drilling Services Market, By Country, 2013-2019 (USD MN)
    6.4 Europe Directional Drilling Services Market, By Country, 2013-2019 (USD MN)
    6.5 Europe Drilling Waste Management Market, By Country, 2013-2019, (USD MN)
    6.6 Europe Logging While Drilling Services Market, By Country, 2013-2019 (USD MN)

7 Europe Drilling Services Market, By Country (Page No. - 41)
    7.1 Introduction
    7.2 Russia Drilling Services Market
           7.2.1 Russia Drilling Services Market, By Application
           7.2.2 Russia Drilling Services Market, By Type
    7.3 U.K. Drilling Services Market
           7.3.1 U.K. Drilling Services Market, By Application 2013-2019
           7.3.2 U.K. Drilling Services Market, By Type
    7.4 Norway Drilling Services Market
           7.4.1 Norway Drilling Services Market, By Application
           7.4.2 Norway Drilling Services Market, By Type

8 Europe Drilling Services Market: Competitive Landscape (Page No. - 53)
    8.1 Europe Drilling Services Market: Company Share Analysis
    8.2 Company Presence in Drilling Services Market, By Type
    8.3 Mergers & Acquisitions
    8.4 New Product/Service Launch
    8.5 Expansion
    8.6 Agreement & Contracts
    8.7 Joint Venture
    8.8 Divestment
    8.9 Other Expansion

9 Europe Drilling Services Market, By Company (Page No. - 61)
(Overview, Financials, Products & Services, Strategy, and Developments)*
    9.1 Baker Hughes Inc.
    9.2 Weatherford International PLC.
    9.3 Schlumberger Limited
    9.4 Superior Energy Services Inc.
    9.5 Transocean Limited
    9.6 Halliburton Co.
*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not be Captured in Case of Unlisted Company

10 Appendix (Page No. - 83)
     10.1 Customization Options
             10.1.1 Products and Services Benchmarking Analysis
             10.1.2 Regulatory Framework
             10.1.3 Impact Analysis
             10.1.4 Current Industry Challenges
             10.1.5 Beneficial Reuse of Drilling Wastes
             10.1.6 Historical Data and Trends
             10.1.7 Drilling Services in Depth Value Chain Analysis
     10.2 Related Reports
     10.3 Introducing RT: Real-Time Market Intelligence

List of Tables (51 Tables)

Table 1 Drilling Services, Peer Market Size, 2013 (USD MN)
Table 2 Europe Drilling Services Application Market, 2014 (USD MN)
Table 3 Europe Drilling Services Market: Macro Indicators, By Country, 2013
Table 4 Europe Drilling Services Market: Comparison With Parent Market, 2013 – 2019 (USD MN)
Table 5 Europe Drilling Services Market, By Application, 2013 - 2019 (USD MN)
Table 6 Europe Drilling Services Market, By Services, 2013 - 2019 (USD MN)
Table 7 Europe Drilling Services Market, By Country,2013 - 2019 (USD MN)
Table 8 Europe Drilling Services Market: Comparison With Application Markets, 2013 - 2019 (USD MN)
Table 9 Europe Drilling Services Market: Drivers and Inhibitors
Table 10 Europe Drilling Services Market, By Application, 2013 - 2019 (USD MN)
Table 11 Europe Drilling Services Market, By Application, 2013 - 2019 (USD MN)
Table 12 Europe Onshore Drilling Services Market, By Country, 2013 - 2019 (USD MN)
Table 13 Europe Offshore Drilling Services Market, By Country, 2013 - 2019 (USD MN)
Table 14 Europe Drilling Services Market, By Type, 2013 - 2019 (USD MN)
Table 15 Europe Drilling Services Market: Service Type Comparison With Parent Market, 2013–2019 (USD MN)
Table 16 Europe Contract Drilling Services Market, By Country, 2013–2019 (USD MN)
Table 17 Europe Directional Drilling Services Market, By Country, 2013-2019 (USD MN)
Table 18 Europe Drilling Waste Management Market, By Country, 2013 – 2019 (USD MN)
Table 19 Europe Logging While Drilling Services Market, By Country, 2013- 2019 (USD MN)
Table 20 Europe Drilling Services Market, By Country, 2013 - 2019 (USD MN)
Table 21 Russia Drilling Services Market, By Application, 2013-2019 (USD MN)
Table 22 Russia Drilling Services Market, By Type, 2013 - 2019 (USD MN)
Table 23 U.K. Drilling Services Market, By Application, 2013 - 2019 (USD MN)
Table 24 U.K. Drilling Services Market, By Type, 2013 - 2019 (USD MN)
Table 25 Norway Drilling Services Market, By Application, 2013 - 2019 (USD MN)
Table 26 Norway Drilling Services, By Type, 2013 - 2019 (USD MN)
Table 27 Europe Drilling Services Market: Company Share Analysis, 2013 (%)
Table 28 Europe Drilling Services Market: Mergers & Acquisitions
Table 29 Europe Drilling Services Market: New Product/Service Launch
Table 30 Europe Drilling Services Market: Expansion
Table 31 Europe Drilling Services Market: Agreement & Contracts
Table 32 Europe Drilling Services Market: Joint Venture
Table 33 Europe Drilling Services Market: Divestment
Table 34 Europe Drilling Services Market: Other Expansion
Table 35 Baker Hughes Inc. Key Opearating Data, 2009 - 2013 (USD MN)
Table 36 Baker Hughes.: Revenue By Business Segment, 2009 - 2013 (USD MN)
Table 37 Baker Hughes Inc. Revenue By Geographical Segment, 2009 - 2013 (USD MN)
Table 38 Weatherford International PLC. Key Financials, 2009 - 2013 (USD MN)
Table 39 Weatherford International PLC.: Revenue By Segment, 2009-2013 (USD MN)
Table 40 Weatherford International PLC. : Revenue By Geography, 2009-2013 (USD MN)
Table 41 Schlumberger Ltd.: Key Operation Data, 2010-2013 (USD MN)
Table 42 Schlumberger Ltd.: Market Revenue, By Business Segments, 2010-2013 (USD MN)
Table 43 Schlumberger Ltd.: Market Revenue, By Geography, 2010 – 2013 (USD MN)
Table 44 Superior Energy Services: Key Operations Data, 2009 - 2013 (USD MN)
Table 45 Superior Energy Services: Market Revenue, By Business Segments, 2009 - 2013 (USD MN)
Table 46 Superior Energy Services: Market Revenue, By Geography, 2009-2013 (USD MN)
Table 47 Transocean Limited: Key Financials, 2009 - 2013 (USD MN)
Table 48 Transocean Limited.: Geographical Revenue, 2009-2013 (USD MN)
Table 49 Halliburton Co.: Key Operations Data, 2009 - 2013 (USD MN)
Table 50 Halliburton Co.: Key Financials, By Business Segment, 2009 - 2013 (USD MN)
Table 51 Halliburton Co.: Key Financials, By Geographical Segment, 2009 - 2013 (USD MN)

List of Figures (45 Figures)

Figure 1 Europe Drilling Services Market: Segmentation & Coverage
Figure 2 Europe Drilling Services Market: Integrated Ecosystem
Figure 3 Research Methodology
Figure 4 Top-Down Approach
Figure 5 Bottom-Up Approach
Figure 6 Demand Side Approach
Figure 7 Macroindicatorbased Approach
Figure 8 Europe Drilling Services Market Snapshot ,2013
Figure 9 Europe Drilling Services Market, By Application, 2014 Vs 2019
Figure 10 Europe Drilling Services Market, By Country 2014 (USD MN)
Figure 11 Europe Oil and Gas Industry: Application Market Scenario
Figure 12 Europe Drilling Services Market, By Application, 2014 - 2019 (USD MN)
Figure 13 Europe Onshore Drilling Services Market, By Country, 2013 - 2019 (USD MN)
Figure 14 Europe Offshore Drilling Services Market, By Country, 2013 - 2019 (USD MN)
Figure 15 Europe Drilling Services Market, By Type, 2014 - 2019 (USD MN)
Figure 16 Europe Drilling Services Market: Comparison With Parent Market, 2013–2019 (USD MN)
Figure 17 Europe Contract Drilling Services Market, By Country, 2013-2019 (USD MN)
Figure 18 Europe Directional Drilling Services Market, By Country, 2013 - 2019 (USD MN)
Figure 19 Europe Drilling Waste Management Market, By Country, 2013 - 2019 (USD MN)
Figure 20 Europe Logging While Drilling Services Market, By Country, 2013 - 2019 (USD MN)
Figure 21 Europe Drilling Services Market: Growth Analysis, By Country, 2014-2019 (USD MN)
Figure 22 Russia Drilling Services Market Overview, 2014 & 2019 (%)
Figure 23 Russia Drilling Services Market, By Application, 2013-2019 (USD MN)
Figure 24 Russia Drilling Services Market: Application Snapshot
Figure 25 Russia Drilling Services Market, By Type, 2013 - 2019 (USD MN)
Figure 26 Russia Drilling Services Market Share, By Type, 2014-2019 (%)
Figure 27 U.K. Drilling Services Market Overview, 2014 & 2019 (%)
Figure 28 U.K. Drilling Services Market, By Application, 2013-2019 (USD MN)
Figure 29 U.K. Drilling Services Market: Application Snapshot
Figure 30 U.K. Drilling Services Market, By Type, 2013 - 2019 (USD MN)
Figure 31 U.K. Drilling Services Market Share, By Type, 2014-2019 (%)
Figure 32 Norway Drilling Services Market Overview, 2014 & 2019 (%)
Figure 33 Norway Drilling Services Market, By Application, 2013 - 2019 (USD MN)
Figure 34 Norway Drilling Services Market: Application Snapshot
Figure 35 Norway Drilling Services Market, By Type, 2013 - 2019 (USD MN)
Figure 36 Norway Drilling Services Market: Type Snapshot
Figure 37 Europe Drilling Services Market: Company Share Analysis, 2013 (%)
Figure 38 Drilling Services: Company Product Coverage, By Type, 2013
Figure 39 Baker Hughes Revenue Mix, 2013 (%)
Figure 40 Weatherford International PLC. Revenue Mix, 2013 (%)
Figure 41 Schlumberger Ltd.: Revenue Mix, 2013 (%)
Figure 42 Superior Energy Services Inc. Revenue Mix, 2013 (%)
Figure 43 Transocean Limited. Revenue Mix, 2013 (%)
Figure 44 Halliburton Co. Company Revenue Mix, 2013 (%)
Figure 45 RT Snapshot

This report provides a complete analysis of the European drilling services market. The market is segmented on the basis of type, application, and country. On the basis of application, the market includes onshore and offshore. The market based on type includes contract drilling, directional drilling and logging while drilling, and drilling waste management. The major countries covered are Russia, Norway, and the U.K.

Drilling is an integral part in exploration and production activities. The demand for drilling services is on rise with growing activities in the onshore and offshore oilfields.

In 2014, the Europe region accounted for a share of 10% in the global drilling services market. The major countries in the Europe drilling services market are Russia, Norway, and the U.K. Russia is the fastest-growing country and it accounted for a major share of 60% followed by Norway and the U.K. having registered a share of 16% and 18%, respectively in 2014. The European region is driven by fresh discoveries in deepwater and ultra-deepwater, increasing capex, pre-salt activities and investments from the major companies.

An in-depth market share analysis, by revenue, of the top companies is included in the report. These numbers are arrived at, based on key facts, annual financial information from annual reports and interviews with industry experts and key opinion leaders, such as CEOs, directors, and marketing executives. Key market players that have established their base in the European drilling services market are Schlumberger Ltd. (U.S.), Baker Hughes Inc. (U.S.), Halliburton Co. (U.S.), and Transocean Ltd. (Switzerland).