The World Land Drilling Rig Market Forecast 2012-2016

Introduction

The 2^nd edition of this acclaimed, unique report includes additional market data and enhanced analysis. Detailed analysis and in-depth country-level data provides a comprehensive view of the land drilling market through to 2016.

*NEW report style with enhanced analysis and speed-read summaries of key points throughout*

Calum Shaw, lead author of the report commented that, “The world onshore drilling rig market is set to expand from an estimated 9,700 rigs today to more than 11,000 units by 2016. Such growth is driven by an increasing volume and complexity of well requirements in order to meet global production targets although meeting this growth may be a challenge. A significant number of high specification rigs and associated equipment will need to come to the market in the next five years and the pressure on the supply chain will be significant”.

Douglas-Westwood estimates that growth in global active rig demand will average 5% per annum over the 2012-2016 period. This latest insight from Douglas-Westwood suggests an increasingly important role for frontier markets globally with an estimated two thirds of active rig demand coming from regions outside North America by 2016.

While countries such as Kazakhstan, Mexico and Oman are likely to witness decline, other markets including China, Colombia, Russia, Saudi Arabia, Iraq and the USA are all expected to see an increase in the number of rigs required. Follow-on investments in newbuild rig construction and the updating of current fleets which have experienced underinvestment over the last three decades.

The report examines national and regional onshore rig fleets in-depth, indicating the key players in each market and the quality of rigs currently available.

The World Land Drilling Rig Market Forecast 2012-2016 contains:

• Drivers, trends & themes - discussion of fundamentals that drive exploration; specifically those that impact on the land drilling market.
• Country-by-country analysis - comprehensive examination of 35 key countries, including: oil and gas production, onshore wells drilled, active drilling rigs required, drilling rig and crew expenditure 2007-2016, plus the competitive landscape.
• Regional drilling market - comprehensive summary at regional level including: oil and gas production. Forecasts for onshore wells drilled, active drilling rigs required, drilling rig and crew expenditure to 2016. The regional competitive landscape.
• Enhanced analysis - throughout the report new ‘speed-read' sections summarise and explain key points, giving an enriched reader experience and understanding. Analysis is based on extensive in-house data on the global rig fleet, developed and maintained by the DW team.
• Concise report layout - industry background and supporting materials condensed to enable quick review.

Why buy the report?

The World Land Drilling Rig Market Forecast 2012-2016 is an excellent source of information, geared to meet senior executives' needs in business planning and decision making. The concise, country-by-country format allows for targeted comparison of drilling markets. All data is presented clearly and accessibly and readers will benefit from DW's industry forecasting expertise developed over many years.

The report is essential reading for land rig contractors, rig manufacturers, oilfield service companies, oil & gas operators and financial institutions wanting to better understand where and when to make investment decisions.

Douglas-Westwood is an independent company that carries out business research for the international energy industries. Its market analysis, surveys and forecasts are used by many of the world's major energy companies, the leading industry contractors and manufacturing companies, financial institutions and government departments. total, DW has clients in more than 70 countries and to date over 750 projects have been completed in oil & gas, renewable energy, conventional and nuclear power generation.

Table of Contents

1. Executive Summary and Conclusions

• Global Rig Fleet
• Regional Summary & Conclusions

2. Drivers and Indicators

• Market Drivers
• Energy Demand
• Exploration & Production
• Oil & Gas Prices
• Oil & Gas Price Sensitivities
• Drilling, Complexity and Unconventional E&D
• Political Considerations

3. Methodology

• Rig Data and Analysis
• Rig Data Assumptions
• Rig Counts Example: Saudi Arabia
• Country Analysis: Definitions
• Country Analysis: Key Metrics

4. Rig Equipment Manufacturers

• Key Components: Manufacturers
• Rig Equipment: Manufacturer Ranking

5. Global Analysis

• Global Outlook
• Regional Rig Fleets
• Global Rig Fleet: Identified Drilling Rigs

6. Asia Analysis

• Asia: Rig Supply and Demand
• Asia: Identified Rigs (Competitive Landscape)
• China
• India
• Indonesia
• Pakistan
• Thailand

7. Australasia Analysis

• Australasia: Rig Supply and Demand
• Australasia: Identified Rigs (Competitive Landscape)
• Australia

8. Eastern Europe and FSU Analysis

• Eastern Europe and FSU: Rig Supply and Demand
• Eastern Europe and FSU: Identified Rigs (Competitive Landscape)
• Azerbaijan
• Kazakhstan
• Poland
• Romania
• Russia

9. Latin America Analysis

• Latin America: Rig Supply and Demand
• Latin America: Identified Rigs (Competitive Landscape)
• Argentina
• Brazil
• Colombia
• Ecuador
• Mexico
• Peru
• Venezuela

10. MENA Analysis

• MENA: Rig Supply and Demand
• MENA: Identified Rigs (Competitive Landscape)
• Algeria
• Egypt
• Iran
• Iraq
• Kuwait
• Libya
• Oman
• Saudi Arabia
• Syria
• Turkey
• Yemen

11. North America Analysis

• North America: Rig Supply and Demand
• North America: Identified Rigs (Competitive Landscape)
• Canada
• USA

12. Sub-Saharan Africa Analysis

• Sub-Saharan Africa: Rig Supply and Demand
• Sub-Saharan Africa: Identified Rigs (Competitive Landscape)
• Gabon
• Nigeria
• Sudan

13. Western Europe Analysis

• Western Europe: Rig Supply and Demand
• Western Europe: Identified Rigs (Competitive Landscape)

14. Appendix

• Data and Text Conventions

• Figure 1: Active Rig Count by Region 2007-2016 (Douglas-Westwood)
• Figure 2: Primary Energy Consumption by Region (BP Statistical Review 2011)
• Figure 3: CERA Upstream Cost Index 2000-2011 (Q3)
• Figure 4: Annual WTI Spot Oil Price Forecasts (EIA, Douglas-Westwood)
• Figure 5: Henry Hub Natural Gas Prices: Actual & Forecast (NYMEX, D-W)
• Figure 6: Deviated Drilling (Schlumberger)
• Figure 7: Drilling Markets Affected by the Arab Spring (The Guardian)
• Figure 8: Comparison of Historic Rig Counts, Saudi Arabia
• Figure 9: Usable Fleet vs. Operating vs. Drilling, Saudi Arabia (Douglas-Westwood)
• Figure 10: UAE - Rig Fleet and Implied Utilisation
• Figure 11: UAE - Wells Drilled vs Rigs Operational
• Figure 12: Global - Rig Fleet and Drilling Utilisation
• Figure 13: Global - Wells Drilled vs Rigs Operational
• Figure 14: Asia - Rig Fleet and Drilling Utilisation
• Figure 15: Asia - Wells Drilled vs Rigs Operational
• Figure 16: China - Rig Fleet and Implied Utilisation
• Figure 17: China - Wells Drilled vs Rigs Operational
• Figure 18: China - Estimated Split of Market Share by Contractor & Type
• Figure 19: China - Fleet HP
• Figure 20: India - Rig Fleet and Implied Utilisation
• Figure 21: India - Wells Drilled vs Rigs Operational
• Figure 22: India - Estimated Split of Market Share by Contractor & Type
• Figure 23: India - Fleet HP
• Figure 24: Indonesia - Rig Fleet and Implied Utilisation
• Figure 25: Indonesia - Wells Drilled vs Rigs Operational
• Figure 26: Indonesia - Estimated Split of Market Share by Contractor & Type
• Figure 27: Indonesia - Fleet HP
• Figure 28: Pakistan - Rig Fleet and Implied Utilisation
• Figure 29: Pakistan - Wells Drilled vs Rigs Operational
• Figure 30: Pakistan - Estimated Split of Market Share by Contractor & Type
• Figure 31: Pakistan - Fleet HP
• Figure 32: Thailand - Rig Fleet and Implied Utilisation
• Figure 33: Thailand - Wells Drilled vs Rigs Operational
• Figure 34: Thailand - Estimated Split of Market Share by Contractor & Type
• Figure 35: Thailand - Fleet HP
• Figure 36: Australasia - Rig Fleet and Drilling Utilisation
• Figure 37: Australasia - Wells Drilled vs Rigs Operational
• Figure 38: Australia - Rig Fleet and Implied Utilisation
• Figure 39: Australia - Wells Drilled vs Rigs Operational
• Figure 40: Australia - Estimated Split of Market Share by Contractor & Type
• Figure 41: Australia - Fleet HP
• Figure 42: Eastern Europe and FSU - Rig Fleet and Drilling Utilisation
• Figure 43: Eastern Europe and FSU - Wells Drilled vs Rigs Operational
• Figure 44: Azerbaijan - Rig Fleet and Implied Utilisation
• Figure 45: Azerbaijan - Wells Drilled vs Rigs Operational
• Figure 46: Azerbaijan - Estimated Split of Market Share by Contractor & Type
• Figure 47: Azerbaijan - Fleet HP
• Figure 48: Kazakhstan - Rig Fleet and Implied Utilisation
• Figure 49: Kazakhstan - Wells Drilled vs Rigs Operational
• Figure 50: Kazakhstan - Estimated Split of Market Share by Contractor & Type
• Figure 51: Kazakhstan - Fleet HP
• Figure 52: Poland - Rig Fleet and Implied Utilisation
• Figure 53: Poland - Wells Drilled vs Rigs Operational
• Figure 54: Poland - Estimated Split of Market Share by Contractor & Type
• Figure 55: Poland - Fleet HP
• Figure 56: Romania - Rig Fleet and Implied Utilisation
• Figure 57: Romania - Wells Drilled vs Rigs Operational
• Figure 58: Romania - Estimated Split of Market Share by Contractor & Type
• Figure 59: Romania - Fleet HP
• Figure 60: Russia - Rig Fleet and Implied Utilisation
• Figure 61: Russia - Wells Drilled vs Rigs Operational
• Figure 62: Russia - Estimated Split of Market Share by Contractor & Type
• Figure 63: Russia - Fleet HP
• Figure 64: Latin America - Rig Fleet and Drilling Utilisation
• Figure 65: Latin America - Wells Drilled vs Rigs Operational
• Figure 66: Argentina - Rig Fleet and Implied Utilisation
• Figure 67: Argentina - Wells Drilled vs Rigs Operational
• Figure 68: Argentina - Estimated Split of Market Share by Contractor & Type
• Figure 69: Argentina - Fleet HP
• Figure 70: Brazil - Rig Fleet and Implied Utilisation
• Figure 71: Brazil - Wells Drilled vs Rigs Operational
• Figure 72: Brazil - Estimated Split of Market Share by Contractor & Type
• Figure 73: Brazil - Fleet HP
• Figure 74: Colombia - Rig Fleet and Implied Utilisation
• Figure 75: Colombia - Wells Drilled vs Rigs Operational
• Figure 76: Colombia - Estimated Split of Market Share by Contractor & Type
• Figure 77: Colombia - Fleet HP
• Figure 78: Ecuador - Rig Fleet and Implied Utilisation
• Figure 79: Ecuador - Wells Drilled vs Rigs Operational
• Figure 80: Equador - Estimated Split o f Market Share by Contractor & Type
• Figure 81: Equador - Fleet HP
• Figure 82: Mexico - Rig Fleet and Implied Utilisation
• Figure 83: Mexico - Wells Drilled vs Rigs Operational
• Figure 84: Mexico - Estimated Split of Market Share by Contractor & Type
• Figure 85: Mexico - Fleet HP
• Figure 86: Peru - Rig Fleet and Implied Utilisation
• Figure 87: Peru - Wells Drilled vs Rigs Operational
• Figure 88: Peru - Estimated Split of Market Share by Contractor & Type
• Figure 89: Peru - Fleet HP
• Figure 90: Venezuela - Rig Fleet and Implied Utilisation
• Figure 91: Venezuela - Wells Drilled vs Rigs Operational
• Figure 92: Venezuela - Estimated Split of Market Share by Contractor & Type
• Figure 93: Venezuela - Fleet HP
• Figure 94: MENA - Rig Fleet and Drilling Utilisation
• Figure 95: MENA - Wells Drilled vs Rigs Operational
• Figure 96: Algeria - Rig Fleet and Implied Utilisation
• Figure 97: Algeria - Wells Drilled vs Rigs Operational
• Figure 98: Algeria - Estimated Split of Market Share by Contractor & Type
• Figure 99: Algeria - Fleet HP
• Figure 100: Egypt - Rig Fleet and Implied Utilisation
• Figure 101: Egypt - Wells Drilled vs Rigs Operational
• Figure 102: Eqypt - Estimated Split of Market Share by Contractor & Type
• Figure 103: Egypt - Fleet HP
• Figure 104: Iran - Rig Fleet and Implied Utilisation
• Figure 105: Iran - Wells Drilled vs Rigs Operational
• Figure 106: Iran - Estimated Split of Market Share by Contractor & Type
• Figure 107: Iran - Fleet HP
• Figure 108: Iraq - Rig Fleet and Implied Utilisation
• Figure 109: Iraq - Wells Drilled vs Rigs Operational
• Figure 110: Iraq - Estimated Split of Market Share by Contractor & Type
• Figure 111: Iraq - Fleet HP
• Figure 112: Kuwait - Rig Fleet and Implied Utilisation
• Figure 113: Kuwait - Wells Drilled vs Rigs Operational
• Figure 114: Kuwait - Estimated Split of Market Share by Contractor & Type
• Figure 115: Kuwait - Fleet HP
• Figure 116: Libya - Rig Fleet and Implied Utilisation
• Figure 117: Libya - Wells Drilled vs Rigs Operational
• Figure 118: Libya - Estimated Split of Market Share by Contractor & Type
• Figure 119: Libya - Fleet HP
• Figure 120: Oman - Rig Fleet and Implied Utilisation
• Figure 121: Oman - Wells Drilled vs Rigs Operational
• Figure 122: Oman - Estimated Split of Market Share by Contractor & Type
• Figure 123: Oman - Fleet HP
• Figure 124: Saudi Arabia - Rig Fleet and Implied Utilisation
• Figure 125: Saudi Arabia - Wells Drilled vs Rigs Operational
• Figure 126: Saudi Arabia - Estimated Split of Market Share by Contractor &
• Figure 127: Saudi Arabia - Fleet HP
• Figure 128: Syria - Rig Fleet and Implied Utilisation
• Figure 129: Syria - Wells Drilled vs Rigs Operational
• Figure 130: Syria - Estimated Split of Market Share by Contractor & Type
• Figure 131: Syria - Fleet HP
• Figure 132: Turkey - Rig Fleet and Implied Utilisation
• Figure 133: Turkey - Wells Drilled vs Rigs Operational
• Figure 134: Turkey - Estimated Split of Market Share by Contractor & Type
• Figure 135: Turkey - Fleet HP
• Figure 136: UAE - Rig Fleet and Implied Utilisation
• Figure 137: UAE - Wells Drilled vs Rigs Operational
• Figure 138: UAE - Estimated Split of Market Share by Contractor & Type
• Figure 139: UAE - Fleet HP
• Figure 140: Yemen - Rig Fleet and Implied Utilisation
• Figure 141: Yemen - Wells Drilled vs Rigs Operational
• Figure 142: Yemen - Estimated Split of Market Share by Contractor & Type
• Figure 143: Yemen - Fleet HP
• Figure 144: North America - Rig Fleet and Drilling Utilisation
• Figure 145: North America - Wells Drilled vs Rigs Operational
• Figure 146: Canada - Rig Fleet and Implied Utilisation
• Figure 147: Canada - Wells Drilled vs Rigs Operational
• Figure 148: Canada - Estimated Split of Market Share by Contractor & Type
• Figure 149: Canada - Fleet HP
• Figure 150: USA - Rig Fleet and Implied Utilisation
• Figure 151: USA - Wells Drilled vs Rigs Operational
• Figure 152: USA - Estimated Split of Market Share by Contractor & Type
• Figure 153: USA - Fleet HP
• Figure 154: Sub-Saharan Africa - Rig Fleet and Drilling Utilisation
• Figure 155: Sub-Saharan Africa - Wells Drilled vs Rigs Operational
• Figure 156: Gabon - Rig Fleet and Implied Utilisation
• Figure 157: Gabon - Wells Drilled vs Rigs Operational
• Figure 158: Gabon - Estimated Split of Market Share by Contractor & Type
• Figure 159: Gabon - Fleet HP
• Figure 160: Nigeria - Rig Fleet and Implied Utilisation
• Figure 161: Nigeria - Wells Drilled vs Rigs Operational
• Figure 162: Nigeria - Estimated Split of Market Share by Contractor & Type
• Figure 163: Nigeria - Fleet HP
• Figure 164: Sudan - Rig Fleet and Implied Utilisation
• Figure 165: Sudan - Wells Drilled vs Rigs Operational
• Figure 166: Sudan - Estimated Split of Market Share by Contractor & Type
• Figure 167: Sudan - Fleet HP
• Figure 168: Western Europe - Rig Fleet and Drilling Utilisation
• Figure 169: Western Europe - Wells Drilled vs Rigs Operational

The World Land Drilling Rig Market Forecast 2012-2016 published by Douglas-Westwood in June 18, 2012. This report price starts from US $ 7009.

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