表紙:掘削および井戸サービスの世界市場予測:2021年から2025年第1四半期
市場調査レポート
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999525

掘削および井戸サービスの世界市場予測:2021年から2025年第1四半期

World Drilling & Well Services Market Forecast 2021-2025 Q1

出版日: | 発行: Douglas-Westwood | ページ情報: 英文 | 納期: 即日から翌営業日

価格
価格表記: GBPを日本円(税抜)に換算
本日の銀行送金レート: 1GBP=166.44円
掘削および井戸サービスの世界市場予測:2021年から2025年第1四半期
出版日: 2021年03月22日
発行: Douglas-Westwood
ページ情報: 英文
納期: 即日から翌営業日
  • 全表示
  • 概要
  • 目次
概要

世界の掘削および井戸サービス(DWS)の支出は前年比で増加し、2025年には2,130億ドルに達すると予測されています。これは、COVID-19パンデミックや原油価格の下落などの影響を受け、2020年はDWS関連の支出が34%も減少したものの、2021年には市場のセンチメントが改善していることを示しています。

OPEC+が石油市場のバランスを取るために生産量の抑制を継続することを表明し、世界におけるワクチン接種の進展が期待されることから、2020年に比べて2021年は価格が上昇し、それに伴い、掘削活動も活発になると考えられています。一次産品の価格環境は依然として非常に敏感であり、業界が過去最大級の価格ショックから徐々に回復していく中で、活動レベルはゆっくりと成長し、抑制を受けると予測されています。

当レポートは、世界の掘削および井戸サービス市場について調査しており、坑井の掘削、完成、生産、およびサービスに必要な主なサービスラインの分析、世界および地域別の分析などの情報を提供しています。

図1:
世界の掘削と井戸サービス
地域別の支出(2016-2025)

目次

  • 調査手法
  • 世界の分析
  • 地域分析
  • サービスライン分析
  • 付録
目次

“The Global Drilling & Well Services Market Forecast” offers unique insight into over 20 different service lines and is an essential product for business planners and those looking to make informed investment decisions.

The report covers critical services lines required to drill, complete, produce, and service a well:

  • Casing & Tubing Services
  • Cementing
  • Coiled Tubing Services
  • Completion Equipment
  • Directional Drilling Services
  • Drill Bits
  • Drilling Fluids
  • Fishing
  • Mud Logging
  • MWD & LWD
  • Perforation
  • Production Chemicals
  • Production Testing
  • Rig & Crew
  • Slickline Services
  • Solids Control Equipment
  • Stimulation
  • Surface Well Testing
  • Waste Management
  • Wireline Logging
  • Wireline Services

The latest drilling & well services (DWS) report has been released, with spend forecast to increase year-on-year, reaching $213bn by 2025. This growth trajectory highlights the improved market sentiment seen so far in 2021, following a very challenging 2020, where DWS expenditure plummeted by an estimated 34% as the combined pressures of the Covid 19 pandemic and the oil price collapse hit the industry.

OPEC+ Signals Positive for Global Oilfield Spend

A combination of OPEC+ signaling a continued commitment to restricting production to help balance oil markets and promising progress with the global vaccine rollout should support higher prices and, subsequently, greater levels of drilling activity in 2021 compared to 2020. The commodity price environment remains highly sensitive and Westwood expects activity levels to grow slowly, remaining constrained as the industry slowly recovers from one of the deepest pricing shocks on record.

FIGURE 1:
GLOBAL DRILLING AND WELL SERVICES
EXPENDITURE BY REGION 2016-2025

Key Conclusions

  • 2021 expenditure of $156bn forecast represents a small increase on 2020 levels driven by improved commodity prices and demand forecasts, though operators remain cautious.
  • Total expenditure over 2021-2025 is forecast to total $950bn. Year-on-year growth is expected, with spend in 2025 36% higher than 2021. However, spend is expected to remain below 2018 and 2019 levels throughout the forecast.
  • Global spend will be driven by onshore activity in three countries: the US, China, and Russia. Combined, these three account for 62% of total forecast spend, with the US leading with an estimated spend of 323bn 2021-2025 compared to $150bn for China and $118bn for Russia.
  • Latin American spend is anticipated to grow strongly, driven by continued offshore activity in Brazil and the emergence of Guyana's oil & gas sector.
  • Rig & crew services expected to lead spend with $280bn forecast over 2021-2025, 29% of total spend. This is expected to be followed by stimulation services, with an estimated 21% of total spend, driven by US activity.

Total spend of $950bn is forecast globally over 2021-2025, driven by onshore focused activity in three countries: the US, China, and Russia. Combined, these three markets will account for 62% of total forecast spend, with the US leading with spend of $323bn over 2021-2025 compared to $150bn for China and $118bn for Russia.

US Leads Global Spend But Russia and China Show Growth

While the US will still lead spend globally, drilling activity in 2020 was severely reduced on recent years, causing spend to fall by an estimated 48% on 2019, which itself saw a decline of 10% on 2018 following operator Capex cuts as the oil price stagnated. US drilling and well services expenditure is expected to grow over the forecast, reaching $75bn by 2025, though it is not expected to return to 2018-2019 levels as operators are expected to remain cautious with drilling campaigns, while the Biden administration's indication of tougher legislation around oil and gas adds additional uncertainty.

Conversely, both China and Russia are forecast to experience growth in forecast expenditure compared to the previous 5-year period. In China, investment into shale production to meet government mandated targets, is expected to drive demand for drilling and well services with spend reaching $32bn by 2025, 19% higher than 2021. Meanwhile, Russia will dominate spend in EE & FSU with high levels of drilling activity, to maintain market share and meet export commitments. However, compliance with OPEC+ agreements may hinder drilling growth in the near-term.

Driven predominantly by these three countries, an estimated 96% of all wells drilled are expected to be onshore. Despite this, onshore will account for only 76% of DWS expenditure over the forecast due to: much higher dayrates for rig & crew services, longer average days to drill a well and greater safety requirements for those drilled offshore in comparison to onshore.

While the US, China and Russia are expected to dominate onshore spend, Brazil and Guyana will be key countries for offshore DWS demand. Petrobras, who continue to expand deepwater activities as they divest from other assets, are expected to drill >160 subsea wells between 2021 and 2025, with high associated costs due to the depth of the pre salt wells. Guyana is also forecast to see high numbers of high-cost subsea wells drilled by ExxonMobil as they continue to develop the discoveries in the deepwater Stabroek block.

Outside of Latin America, high drilling and well services spend is expected in the Middle East from a series of high-profile projects with high grade material requirements, such as Qatar Petroleum's North Field expansion, while continued projects in Norway and the UK will drive expenditure in Western Europe.

“The World Drilling & Well Services Market Forecast” offers unique insight into over 20 different service lines and is an essential product for strategic planing teams, sales executives, and supply chain investors.

Table of Contents

  • Methodology
  • Global Analysis
  • Regional Analysis
  • Service Line Analysis
  • Appendix