Global Ultra-Deep Water Market Research Report
- Report Code: OI 1137
- Publish Date: Upcoming
Ultra deep water drilling is performed when oil exploration and production companies are drilling further out into the sea and deeper under the ocean floor, at depths greater than 1500 meters to tap into one of the last remaining pockets of oil and natural gas in the world. The drilling appears beneficial when navigating uncertain weather conditions, freezing water and crushing pressure. In these circumstances, this drilling proves to be one of the most technologically challenging ways of finding and extracting oil.
The ultra deep water is mainly defined by water depths of 1500 meters and more. The drilling helps in coping up with the rising demand of energy and commodity price which are growing recently. The significance of this activity has been heightened by the recent increases in growing concern over future reserves and supply.
This type exploration and development present a range of challenges, from working environment, defining prospects, constructing wells, to maintaining production and optimizing recovery. The wells involve markedly different conditions from shallow water and deep water wells. The water depth obviously increases, but the sea bottom and geological conditions become more complex too. The sedimentary layers in deeper water are also different. In such situations, ultra deep water offshore drilling proves beneficial.
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, ENSCO PLC (U.K.), Noble Corporation (U.K.), Diamond Offshore (U.S.), TransOcean (U.S.) and others.
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