Norway and Brazil are the largest markets for subsea drilling in the world. Between 2020 and 2023, Norway accounted for one third of subsea tree installations. Meanwhile, Brazil is expected to account for 22 percent of the worldwide SURF market by the end of 2024. Overall, annual spending in the subsea drilling market is forecast to reach around 42 billion U.S. dollars by 2027.
Status quo and outlook of the subsea drilling market within the worldwide oilfield service industry as of 2024
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Rystad Energy. (August 12, 2024). Status quo and outlook of the subsea drilling market within the worldwide oilfield service industry as of 2024 [Graph]. In Statista. Retrieved October 06, 2024, from https://www.statista.com/statistics/1490530/global-subsea-oil-and-gas-drilling-market-key-facts/
Rystad Energy. "Status quo and outlook of the subsea drilling market within the worldwide oilfield service industry as of 2024." Chart. August 12, 2024. Statista. Accessed October 06, 2024. https://www.statista.com/statistics/1490530/global-subsea-oil-and-gas-drilling-market-key-facts/
Rystad Energy. (2024). Status quo and outlook of the subsea drilling market within the worldwide oilfield service industry as of 2024. Statista. Statista Inc.. Accessed: October 06, 2024. https://www.statista.com/statistics/1490530/global-subsea-oil-and-gas-drilling-market-key-facts/
Rystad Energy. "Status Quo and Outlook of The Subsea Drilling Market within The Worldwide Oilfield Service Industry as of 2024." Statista, Statista Inc., 12 Aug 2024, https://www.statista.com/statistics/1490530/global-subsea-oil-and-gas-drilling-market-key-facts/
Rystad Energy, Status quo and outlook of the subsea drilling market within the worldwide oilfield service industry as of 2024 Statista, https://www.statista.com/statistics/1490530/global-subsea-oil-and-gas-drilling-market-key-facts/ (last visited October 06, 2024)
Status quo and outlook of the subsea drilling market within the worldwide oilfield service industry as of 2024 [Graph], Rystad Energy, August 12, 2024. [Online]. Available: https://www.statista.com/statistics/1490530/global-subsea-oil-and-gas-drilling-market-key-facts/