Overview

The Oil & Gas Drilling market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

Revenue for the Oil and Gas Drilling industry in China has been decreasing 12.8% annually over the past five years, but year on year growth has been volatile. Growth in China's economy has been slowing down, which has led to a decline in the domestic crude oil price. As a result, annual growth has been low and falling from 2.6% in 2013 to an estimated 2.0% decrease in 2017 to $107.8 billion.

There are three major participants in the Oil and Gas Drilling industry: China National Petroleum Corporation (CNPC), China National Offshore Oil Corporation (CNOOC) and China Petrochemical Corporation (Sinopec). Together, they are set to contribute 85.2% of industry revenue in 2017.

Over the next five years, industry revenue is forecast to grow slowly at an annualized rate of 2.3%...

Industry Report - Industry Investment Chapter

To ensure a mining project will be successful, considerable capital investment is required and demonstrated reserves must exceed capacity and output. For every dollar spent on labor (including wages, management and administration and R&D expenses), about $0.6 are invested in capital.

It is costly for enterprises to manage primary risks. Risks may arise from mining (e.g. accidents), geology (e.g. incorrect surveys that showed higher reserves than available), pipeline safety, natural disasters (e.g. earthquakes) and others.

The investment return period of the industry is long. High levels of capital are required for exploration, to build capacity, and purchase equipment. Wit..

Additional Insights for the Oil & Gas Drilling Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Oil & Gas Drilling Industry are

  • Ability to attract local support/patronage
  • Proximity to key markets
  • Operation in states where regulations are more favourable to this industry
  • IBISWorld analysts also discuss how external factors such as World price of crude oil and Energy Resources - Domestic Proved Oil Reserves in the Oil & Gas Drilling industry impact industry performance..

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    Industry Products

    What is the Oil & Gas Drilling Industry?

    The Oil and Gas Drilling industry operates oil and gas fields. Activities include the exploration for crude oil and natural gas; drilling, completing and equipping wells; and other activities to make crude oil and natural gas marketable, to the point of shipment from the producing property. This industry also includes mining and extracting oil from oil shale and oil sands and the production of liquid hydrocarbons and natural gas.

    Industry Products
    Crude oil
    Natural gas
    Industry Activities
    Surveying, mining and transporting crude oil
    Surveying, mining and transporting natural gas

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • World price of crude oil
  • Energy Resources - Domestic Proved Oil Reserves
  • Downstream Demand - Manufacturing
  • Downstream Demand - Petroleum Refineries
  • Energy Resources - Dry Natural Gas Proved Reserves
  • Environmental Considerations - Mining

  • Current Performance
  • Industry development
  • Employment and wages
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Oil & Gas Drilling Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Oil & Gas Drilling Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Oil & Petroleum Refining
  • Natural Gas Production and Distribution

  • Key Selling Industries
  • Oil & Gas Drilling Support Services
  • Special Oil Mining Equipment Manufacturing

  • Products & Services
  • Crude oil
  • Natural gas
  • Chart: Oil & Gas Drilling Industry Products and Services Segmentation

  • Demand Determinants
  • Growth of downstream sectors
  • Innovation and technologies
  • New mining sites
  • Transportation methods
  • Government regulations

  • Major Markets
  • Oil refiners
  • Chemical industries
  • Fuel industries
  • Others
  • Exports
  • Chart: Major Market Segmentation for the Oil & Gas Drilling Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Chart: Cost Structure Benchmarking – Sector vs Oil & Gas Drilling

  • Basis of Competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Oil & Gas Drilling Industry

  • Industry Globalization
    Major Companies
    China National Petroleum Corporation China Petrochemical Corporation China National Offshore Oil Corporation
  • Table: China National Petroleum Corporation - financial performance
  • Table: China Petrochemical Corporation - financial performance
  • Table: China National Offshore Oil Corporation - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Oil & Gas Drilling Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Oil & Gas Drilling Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)
  • Crude Oil Output (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Crude Oil
  • Oil directly extracted from underground or underwater, without exploitation, fractionation and purification.
  • Natural Gas
  • Flammable gaseous hydrocarbons that emerge with the mining of crude oil.
  • Uranium
  • A type of nuclear fuel.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Oil & Gas Drilling:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Oil & Gas Drilling market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Oil & Gas Drilling, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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