Deepwater and Ultra-Deepwater Exploration and Production Market

Deepwater and Ultra-Deepwater Exploration and Production Market by Water Depths (Deepwater and Ultra-deepwater) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends and Forecast 2021 – 2028

  • Report ID: CM-3575
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 176
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The global deepwater and ultra-deepwater exploration and production market size is projected to register a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising R&D activities to enhance the deepwater oil and gas activities.

Deepwater and Ultra-Deepwater Exploration and Production Market key takeaways

Deepwater exploration is the investigation and research of various conditions on the seabed for numerous scientific or commercial purposes. The sea and the ocean still remain largely unexplored as this type of exploration is relatively new, and relies heavily on modern equipment. The increasing demand for fossil fuels has intensified the deepwater and ultra-deepwater exploration by the petroleum companies. The exploration requires precise and elaborate methods with minimal scope for errors, as the conditions are quite extreme.

The end-users for the deep water and ultra-deepwater activities’ include oil & gas sector companies. These companies require the underwater research to find feasible and profitable zones for offshore drilling activities. Archaeology is another industry in which various historical facts are researched. The tourism industry also utilizes deep-water research to a certain extent which includes adventurous activities such as scuba diving.

The deepwater and ultra-deepwater exploration and production market remains to be challenged by the supply chain and value chain of numerous businesses and associated economic impacts of the COVID-19 pandemic. The sudden outbreak of the coronavirus pandemic has affected the global market as the governments are implementing lockdown actions and limiting the movement of the masses. These actions are having a significant effect on deepwater and ultra-deepwater exploration and production as business are facing supply chain interruptions,  including suppliers, manufacturers, vendors, distributors, and end-users.

Market Trends, Drivers, Restraints, and Opportunities

  • Growing demand for energy is driving the research, which is expected to boost the deepwater and ultra-deepwater exploration and production market.
  • Rapid urbanization and industrialization are key factors fueling the market growth.
  • Unpredictability in the high costs  in the oil and gas sector can restrain the growth of the market
  • Government projects are utilizing services of deep water and ultra-deep water research activities, which have been driving the growth of the deepwater and ultra-deepwater exploration and production market.
  • Technological advancements is estimated to play a major role in the growth of the market in the projected timeline.

Scope of the Report

The report on the deepwater and ultra-deepwater exploration and production market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Deepwater and ultra-deepwater exploration and production Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Water Depths (Deepwater and Ultra-deepwater)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Royal Dutch Shell PLC; Exxon Mobil Corporation; BP PLC; Chevron Corporation; and China National Offshore Oil Corporation.

 

Deepwater and Ultra-deepwater Exploration And Production Market Segment Insights

Ultra-deepwater segment is expected to grow at a rapid pace

Based on water depths, the market is divided into deepwater and ultra-deepwater. The ultra-deepwater segment is estimated to expand at a rapid pace due to increased demand for energy security and increase oil & gas production. Additionally, deepwater and ultra-deepwater oil and gas projects have been expanding in the past few years due to rise in investments in deepwater and ultra-deepwater drilling activities.

Deepwater and Ultra-Deepwater Exploration and Production Market by water depths

The Middle East & Africa is anticipated to constitute a large market share

In terms of regions, the global market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Middle East and Africa is anticipated to expand at a rapid pace during the forecast period as it provides a lot of scope for underwater research as a major part of the continent is surrounded by water bodies. Middle East & Africa dominated the market across the globe, with majority of demand coming from Nigeria, Angola, and Egypt.

Deepwater and Ultra-Deepwater Exploration and Production Market by regions

Segments

Segments Covered in the Report
The global deepwater and ultra-deepwater exploration and production market has been segmented on the basis of

Water Depths

  • Deepwater
  • Ultra-deepwater
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Royal Dutch Shell PLC
  • Exxon Mobil Corporation
  • BP PLC
  • Chevron Corporation
  • China National Offshore Oil Corporation

Competitive Landscape

Key players competing in the deepwater and ultra-deepwater exploration and production market are Royal Dutch Shell PLC; Exxon Mobil Corporation; BP PLC; Chevron Corporation; and China National Offshore Oil Corporation.

Deepwater and Ultra-Deepwater Exploration and Production Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Deepwater and Ultra-Deepwater Exploration and Production Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Deepwater and Ultra-Deepwater Exploration and Production Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Deepwater and Ultra-Deepwater Exploration and Production Market - Supply Chain
  4.5. Global Deepwater and Ultra-Deepwater Exploration and Production Market Forecast
     4.5.1. Deepwater and Ultra-Deepwater Exploration and Production Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Deepwater and Ultra-Deepwater Exploration and Production Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Deepwater and Ultra-Deepwater Exploration and Production Market Absolute $ Opportunity
5. Global Deepwater and Ultra-Deepwater Exploration and Production Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Deepwater and Ultra-Deepwater Exploration and Production Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Deepwater and Ultra-Deepwater Exploration and Production Demand Share Forecast, 2019-2026
6. North America Deepwater and Ultra-Deepwater Exploration and Production Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Deepwater and Ultra-Deepwater Exploration and Production Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Deepwater and Ultra-Deepwater Exploration and Production Demand Share Forecast, 2019-2026
7. Latin America Deepwater and Ultra-Deepwater Exploration and Production Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Deepwater and Ultra-Deepwater Exploration and Production Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Deepwater and Ultra-Deepwater Exploration and Production Demand Share Forecast, 2019-2026
8. Europe Deepwater and Ultra-Deepwater Exploration and Production Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Deepwater and Ultra-Deepwater Exploration and Production Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Deepwater and Ultra-Deepwater Exploration and Production Demand Share Forecast, 2019-2026
9. Asia Pacific Deepwater and Ultra-Deepwater Exploration and Production Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Deepwater and Ultra-Deepwater Exploration and Production Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Deepwater and Ultra-Deepwater Exploration and Production Demand Share Forecast, 2019-2026
10. Middle East & Africa Deepwater and Ultra-Deepwater Exploration and Production Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Deepwater and Ultra-Deepwater Exploration and Production Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Deepwater and Ultra-Deepwater Exploration and Production Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Deepwater and Ultra-Deepwater Exploration and Production Market: Market Share Analysis
  11.2. Deepwater and Ultra-Deepwater Exploration and Production Distributors and Customers
  11.3. Deepwater and Ultra-Deepwater Exploration and Production Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Royal Dutch Shell PLC
     11.4.2. Exxon Mobil Corporation
     11.4.3. BP PLC
     11.4.4. Chevron Corporation
     11.4.5. China National Offshore Oil Corporation

Segments Covered in the Report
The global deepwater and ultra-deepwater exploration and production market has been segmented on the basis of

Water Depths

  • Deepwater
  • Ultra-deepwater
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Royal Dutch Shell PLC
  • Exxon Mobil Corporation
  • BP PLC
  • Chevron Corporation
  • China National Offshore Oil Corporation

Key players competing in the deepwater and ultra-deepwater exploration and production market are Royal Dutch Shell PLC; Exxon Mobil Corporation; BP PLC; Chevron Corporation; and China National Offshore Oil Corporation.

Deepwater and Ultra-Deepwater Exploration and Production Market by key players

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