| New global land rig market study The Douglas-Westwood World Land Drilling Rig Market 2011-2015 provides analysis of the international drilling markets in frontier and developing regions, as well as the established North American market. The quantity and, more importantly, quality of available information on international rig fleet and drilling demand is limited, even in core markets such as MENA and Russia. Douglas-Westwood has been monitoring the global land drilling market for a number of years and has performed numerous studies into 'frontier' areas. Through our large client network formed of NOCs, IOCs, nationalised drilling companies and small independent contractors, we have developed a uniique, encompassing database of global rig assets, which has been central to generating valuable insight into lesser-known markets within Europe, Africa, Asia, the Middle East and Latin America. The report provides integral analysis of rig demand, fleet quality & specification and potential rig construction or import requirements needed to fulfill growth in demand and alleviate the degradation of the global land fleet. This has enabled us to produce a unique study which we believe goes a long way to filling in some of the blanks found in drilling market analysis and will be pivotal to understanding future equipment availability in all key countries. The market The future outlook is clear: whilst North American demand has been re-incentivised through growth commodity prices, activity in the region is unlikely to reach historic levels. Internationally the opposite is true, with strong demand growth expected over the next five years and beyond. Douglas-Westwood estimates that growth in rig demand will average in excess of 5% per annum over the next five years, with strong growth set to occur within key markets on each continent. The Douglas-Westwood Land Drilling Rig Market presents analysis based on unique and proprietary data: Comprehensive country-by-country analysis of over 40 key activity centres - Historic and forecast drilling activity from 2006 to 2015
- Active rig requirements – supply & demand analysis
- Historic dayrate range and likely evolution
- Construction / import requirements to satisfy demand growth
- Overview of major competition – indigenous, Western & in-house
- Discussion of market trends and prospects within each region
- Review of driving factors in global land drilling
Why purchase the Land Drilling Rig Market? - Geared to meet senior executives' needs in business planning and decision making
- Concise, country-by-country format allows for targeted comparison of drilling markets
- Analysis based on extensive in-house data for the global rig fleet, developed and maintained over a number of years by DW analysts
- Benefit from DW's industry forecasting expertise developed over many years
- All data presented clearly and accessibly
Land rig market evolution and sector trends The World Land Drilling Rig Report 2011–2015 is geared to senior executive needs and assumes no previous reader knowledge of the subject area. It offers an explanation of the key concepts and terms and explains recent trends and themes in each country market. Each country overview consists of two pages of concise data and analysis concerning each respective drilling market. These include supply-side availability, outsourcing, consolidation of the contractor market and changes in rig specification requirements. The report highlights growth in global demand for drilling services and developing requirements for drilling rigs over the forecast period. An acclaimed series The World Land Drilling Rig Market 2011-2015 is the latest in an acclaimed series of business studies used by organisations in over 60 countries worldwide. These include oil majors, investment banks, OEMs, offshore contractors, agencies and government departments. | 
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