Shallow water drilling is the process of oil and gas exploration and production in less than 500 feet of water. Compared to deepwater oil drilling, shallow water drilling is less complex, resulting in better safety records from a more established industry. Drilling for oil in shallow waters is less risky and easier to repair if damaged because divers are able to reach the well. These wells are drilled in known areas and mature reservoirs.
Shallow water rigs have legs that reach the bottom of the sea floor and have blowout preventers (BOPs) above the surface of the water that are accessible for inspection, maintenance and repair, and can be controlled either remotely or manually in case of an emergency. Shallow water wells primarily produce natural gas, and are drilled in known areas and mature reservoirs.
Shallow water drilling differs from deepwater drilling in several key aspects. In shallow waters the mobile units are anchored to the seabed, however in deeper water the semisubmersibles or drillships are maintained at the required drilling location using dynamic positioning. Shallow-water drilling activity has recently mushroomed as demand has started to spiral in the middle of scant supply of drillers, dominated mainly by mid and small-cap oil drilling companies.
The report analyzes the market by application and geography. Market share analysis, by revenue, of the top companies is also included in the report. The market share analysis of these key players is arrived at, based on key facts, annual financial information, and interviews with key opinion leaders such as CEOs, Directors, and marketing executives.
In order to present an in-depth understanding of the competitive landscape, the report consists of company profiles of some major participants in the market, which combines technology providers such as Seadrill Ltd, Noble Corporation, Diamond Offshore Drilling Inc., Hercules Offshore and others.
Please fill in the form below to receive a free copy of the Summary of this Report
Please visit http://www.micromarketmonitor.com/custom-research-services.html to specify your custom Research Requirement