The global offshore drilling market size is calculated at USD 42.86 billion in 2025 and is forecasted to reach around USD 86.09 billion by 2034, accelerating at a CAGR of 8.07% from 2025 to 2034. The Asia Pacific offshore drilling market size surpassed USD 18.43 billion in 2025 and is expanding at a CAGR of 8.20% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: Offshore Drilling Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. Offshore Drilling Market, by Rig Type
8.1.1. Drillships
8.1.1.1. Market Revenue and Forecast
8.1.2. Semisubmersibles
8.1.2.1. Market Revenue and Forecast
8.1.3. Jackups
8.1.3.1. Market Revenue and Forecast
9.1. Offshore Drilling Market, by Water Depth
9.1.1. Shallow Water
9.1.1.1. Market Revenue and Forecast
9.1.2. Deepwater
9.1.2.1. Market Revenue and Forecast
9.1.3. Ultra-deepwater
9.1.3.1. Market Revenue and Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Rig Type
10.1.2. Market Revenue and Forecast, by Water Depth
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Rig Type
10.1.3.2. Market Revenue and Forecast, by Water Depth
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Rig Type
10.1.4.2. Market Revenue and Forecast, by Water Depth
10.2. Europe
10.2.1. Market Revenue and Forecast, by Rig Type
10.2.2. Market Revenue and Forecast, by Water Depth
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Rig Type
10.2.3.2. Market Revenue and Forecast, by Water Depth
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Rig Type
10.2.4.2. Market Revenue and Forecast, by Water Depth
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Rig Type
10.2.5.2. Market Revenue and Forecast, by Water Depth
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Rig Type
10.2.6.2. Market Revenue and Forecast, by Water Depth
10.3. APAC
10.3.1. Market Revenue and Forecast, by Rig Type
10.3.2. Market Revenue and Forecast, by Water Depth
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Rig Type
10.3.3.2. Market Revenue and Forecast, by Water Depth
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Rig Type
10.3.4.2. Market Revenue and Forecast, by Water Depth
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Rig Type
10.3.5.2. Market Revenue and Forecast, by Water Depth
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Rig Type
10.3.6.2. Market Revenue and Forecast, by Water Depth
10.4. MEA
10.4.1. Market Revenue and Forecast, by Rig Type
10.4.2. Market Revenue and Forecast, by Water Depth
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Rig Type
10.4.3.2. Market Revenue and Forecast, by Water Depth
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Rig Type
10.4.4.2. Market Revenue and Forecast, by Water Depth
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Rig Type
10.4.5.2. Market Revenue and Forecast, by Water Depth
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Rig Type
10.4.6.2. Market Revenue and Forecast, by Water Depth
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Rig Type
10.5.2. Market Revenue and Forecast, by Water Depth
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Rig Type
10.5.3.2. Market Revenue and Forecast, by Water Depth
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Rig Type
10.5.4.2. Market Revenue and Forecast, by Water Depth
11.1. Archer Well Company
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Borr Drilling
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Odfjell Drilling
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Shelf Drilling
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Maersk Drilling
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. KCA Deutag
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. COSL – China Oilfield Services Limited
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Diamond Offshore Drilling, Inc.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Saipem
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Nabors Industries
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
13.1. About Us
13.2. Glossary of Terms
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