Global Land Contract Drilling Market Outlook to 2028

Global Land Contract Drilling Market Outlook to 2028

Updated on 26th May 2023 | Market Research Reports | Q2 2023 | Report ID: BR0212

About the Report

Increasing demand for energy, continued drilling activity, new oil and gas discoveries, low maintenance cost coupled with increasing development of shale fuels are some of the major factors which are driving the demand for the land drilling rig market. 

 

Continuing oil price volatility, a sustained market uncertainty, and a highly fragmented market continues to present challenges to the land drilling rig industry. 

 

A drilling rig is a mechanical device utilized for drilling oil wells, natural gas wells, and water wells. Portable drilling rigs can be man-portable drilling rigs. They can also be truck or trailer mounted. 

 

Amidst pandemic, global oil production and demand has fallen significantly, and oil and gas companies are going bankrupt. 

 

Post Covid-19, operating companies have moderate capital spending and weak operating cash flows as major projects are on hold, and companies renegotiating the contract terms. 

 

United States will be the dominant player in demand for drilling rigs once the crude oil prices recover to breakeven from USD 40 per barrel. Moderate demand can be expected in the medium term as global rig count is improving as countries open their economies. 

 

Our Global Land Contract Drilling Market report provides deep insight into the current and future state market across various regions. The report examines the market drivers and restraints that are influencing the growth in detail. 

 

The study also covers emerging market trends, developments, opportunities, and challenges in the industry. This report also covers an extensively researched competitive landscape section with profiles of major companies and their market shares.

  Table of Contents

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

  • 3.1 Introduction
  • 3.2 Market Dynamics
    • 3.2.1. Drivers
    • 3.2.2 Restraints
  • 3.3 Market Trends & Developments
  • 3.4 Analysis of Covid-19 Impact
  • 3.5 Market Opportunities
  • 3.6 Market Size and Forecast

4. Industry Analysis

  • 4.1 Supply Chain Analysis
  • 4.2 Porter’s Five Forces Analysis

5. Regional Market Analysis

  • 5.1 North America
  • 5.2 Europe
  • 5.3 Asia-Pacific
  • 5.4 South America
  • 5.5 Middle East & Africa

6. Key Company Profiles

  • 6.1 Ensign Energy Services Inc. 
  •   6.2 Helmerich & Payne, Inc. 
  •   6.3 Cactus Drilling Company, LLC 
  •   6.4 Marriott Drilling Ltd. 
  •   6.5 Weatherford International Plc. Ltd. 
  •   6.6 Precision Drilling Corp. 
  •   6.7 Eurasia Drilling Company Ltd. 
  •   6.8 Nabors Industries Ltd. 
  •   6.9 China Oilfield Services Ltd. 
  •   6.10 Patterson-UTI Energy Inc

7. Competitive Landscape

  • 7.1 List of Notable Players in the Market
  • 7.2 M&A, JV, and Agreements
  • 7.3 Strategies of Key Players

8. Conclusions and Recommendations

List of Tables & Figures

Abbreviations

Additional Notes

Disclaimer

  This report helps to:-

  • Gain a deeper understanding of the impact of COVID 19, and oil & gas prices crash on the Global Land Drilling Rig Market
  • Equip yourself with rigorous analysis and forward-looking insight into the land drilling rig market across various regions
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development
  • Assess market data and forecasts to understand how the demand for land drilling rig market evolve over the next 5 years
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players
  • Keep on top of M&A developments, JV’s and other agreements to assess the evolving competitive landscape and enhance your competitive position

  Who need this report?


  • Oil & Gas Companies
  • Equipment Manufacturers and Suppliers
  • Investors and Financing companies
  • EPC Companies
  • Government and Regulatory Organizations

  What's included

Report - Global Land Drilling Rig Market Outlook to 2028.pdf
Market Data - Global Land Drilling Rig Market Outlook to 2028.xls

  Why buy this report?

  • Gain a deeper understanding of the impact of Covid-19 on the <Global Land Contract Drilling Market>.
  • Equip yourself with rigorous analysis and forward-looking insights into the <Global Land Contract Drilling Market> across multiple regions.
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development.
  • Assess market size data and forecasts to understand how the demand across various segments evolves over the next few years.
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities.
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players.
  • Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position

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