The 2023-2028 World Outlook for Land Drill Rigs

The 2023-2028 World Outlook for Land Drill Rigs

This study covers the world outlook for land drill rigs across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the country in question (in millions of U.S. dollars), the percent share the country is of the region, and of the globe. These comparative benchmarks allow the reader to quickly gauge a country vis-à-vis others. Using econometric models which project fundamental economic dynamics within each country and across countries, latent demand estimates are created. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. The study also does not consider short-term cyclicalities that might affect realized sales. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved.

In this report we define the sales of land drill rigs as including all commonly understood products and/or services falling within this broad category, irrespective of product packaging, formulation, size, or form. Companies participating in this industry include Abu Dhabi National Oil Company (ADNOC), Anadarko, Arabian Drilling Company, Archer, Aztec International, Ltd., Barbour Corporation, Basin Drilling, Ben Rinnes, BKE Drilling Company Russia, Blue Line Drilling, Bostech Drilling Australia, Cabinda Gulf Oil Company (CABGOC), Cactus Drilling Company, Capstar Drilling, Chevron Corporation, China Oilfield Services, Coastal Drilling Company, L.L.C., Continental Resources, Daewoo, DNO, Drilco Oil & Gas, Inc., Drillmec Drilling Technologies, EDC Drilling Company, Elite Drilling Company, Ltd., Energy Drilling Company, ExxonMobil, Frontier Drilling, Gulf Drilling International Limited’, Helmerich & Payne, Indus Gas, Japan Oil Development Company, JDC Drilling, KCA Deutag, Kenai Drilling, KS Drilling, Marriott Drilling Africa, Ltd., Miaxis China Oilfield Services Limited (COSL), Momentum Engineering, Moorhouse Petroleum, Ltd., MOTIVE Drilling Technologies, Inc., Nabors, Nicklos Drilling Company, Noble, Nomac Drilling, Occidental Oil and Gas Corporation, Oxy, Parker Drilling, Patterson-UTI Drilling Canada, Ltd., Performance Drilling Company, Petrobras, PNG Drilling Company, Punj Lloyd, Robotic Drilling Systems AS, Royal Dutch Shell, Sakhalin Energy Investment Company, Saudi Aramco, Schlumberger, SDP Services, Ltd., Sendero Drilling, Sidewinder Drilling, LLC, Silver Oak Drilling, Sirius Minerals, Statoil, Tesco, TREVl Group, Trinidad Drilling, Tullow Oil, Twinza Oil, Unison Drilling, Inc., UNIT Drilling Company, Viking Drilling, LLC, Weatherford, Xtreme Drilling, Yacimientos Petroliferos Fiscales Bolivianos, York Potash, and Zakum Development Company (ZADCO). In addition to the sources indicated, additional information available to the public via news and/or press releases published by players in the industry was considered in defining and calibrating this category. All figures are in a common currency (U.S. dollars, millions) and are not adjusted for inflation (i.e., they are current values). Exchange rates used to convert to U.S. dollars are averages for the year in question. Future exchange rates are assumed to be constant in the future at the current level (the average of the year of this publication's release in 2022).