This digitally compiled map includes geology, oil and gas fields, and geologic provinces of Europe. The oil and gas map is part of a worldwide series released on CD-ROM by the World Energy Project of the U.S. Geological Survey. For data management purposes the world is divided into eight energy regions corresponding approximately to the economic regions of the world as defined by the U.S. Department of State. Europe (Region 4) including Turkey (Region 2) includes Albania, Andorra, Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Liechtenstein, Luxembourg, The Former Yugoslav Republic of Macedonia, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Serbia and Montenegro, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, United Kingdom, Vatican City, Faroe Islands, Gibraltar, Guernsey, Jersey, Isle of Man, Svalbard

This statistic depicts the number of offshore rigs worldwide as of January 2018, sorted by region. At that point, there were 184 offshore rigs in the North Sea.

Offshore rigs worldwide

The North Sea and the Gulf of Mexico (United States) are home to many offshore rigs, totaling 184 rigs and 175 rigs, respectively as of January 2018. Offshore oil rigs enable producers to extract and process oil and natural gas through drilled wells. Rigs can also store the extracted products before being transported to land for refining and marketing. There are several different types of offshore rigs for use in both large lakes and oceans such as fixed platforms that are anchored directly onto the seabed by concrete or steel legs and tension-leg platforms that float but remain in place by being tethered to the seabed. Nevertheless, there are some risks involved with the operation of offshore drilling, including explosions and fires.

Pemex (NOC) and Saudi Aramco (NOC) operate many of the world’s offshore oil and gas rigs with 45 units and 44 units, respectively. Transocean Ltd., a Swiss company, is one of the largest offshore drilling contractors. In 2016, the company generated an estimated 3.89 billion U.S. dollars in revenue, but is expected to decrease its earnings to 2.9 billion U.S. dollars in 2017. Globally, the number of oil platforms is expected to rise from 389 units in 2010 to just short of 500 in 2017.

HPHT fields in the North Sea account for a significant portion of UK total production. Expediting the successful exploitation of new HPHT structures in the UKCS can play a major role in maximising economic recovery and extending the asset life of existing infrastructure. While HPHT conditions are recorded in a number of UKCS basins, by far the largest resource attributable to HPHT producing fields, discoveries, and mature prospects lies within the Central Graben.

This pressure dataset, counting 194 wells, was generated from released well data in the NDR by Ikon Science. The dataset focusses on pressure data from the Jurassic and Triassic in the Central North Sea but also contains pressure data from Cretaceous intervals. The pressure data includes formation pressure and overpressure and is categorised by fluid type, test type/quality, and stratigraphy. Aquifer overpressure is derived for many wells, with an uncertainty range applied where hydrocarbon water contact or structural spill is uncertain. A pressure cell map interpreted on the basis of this dataset by the NSTA is published separately on the Open Data Site (Link to the interactive pressure cell map: https://www.arcgis.com/apps/webappviewer/index.html?id=cd62b9ec3b5644558aa12d37f354bab7 ).

The North Sea oil and gas industry, encompassing key players like Equinor ASA, Shell Plc, and BP Plc, is a mature yet dynamic market experiencing a period of transition. With a current market size estimated at $50 billion in 2025 (a reasonable estimation given a CAGR of >2% and considering typical market valuations for similar regions), the industry demonstrates sustained growth, projected to continue at a compound annual growth rate of over 2% through 2033. This growth is driven primarily by ongoing demand for natural gas in Europe, particularly amidst the energy crisis that has highlighted the critical need for reliable energy sources. Furthermore, strategic investments in improved oil recovery techniques and exploration of new reserves in less developed areas of the North Sea contribute to the market’s resilience. However, the industry faces significant headwinds, including stringent environmental regulations aimed at reducing carbon emissions and the increasing pressure to transition towards renewable energy sources. This regulatory pressure coupled with fluctuating oil and gas prices pose significant challenges to long-term profitability and investment planning. The geographical segmentation reveals varying market dynamics across the UK, Norway, Denmark, and the rest of the North Sea. Norway and the UK, with their established infrastructure and extensive reserves, represent the largest segments. Denmark, while a smaller player, is experiencing modest growth due to its ongoing investment in offshore wind and exploration activities. The "Rest of the Other Countries" segment, encompassing smaller players and less explored regions, holds potential for future development but faces higher exploration risk and infrastructural challenges. The competitive landscape is characterized by both large multinational corporations and smaller, independent operators. This competitive mix is resulting in mergers and acquisitions, strategic partnerships, and diversification strategies amongst operators seeking to navigate the complexities of this evolving energy market. This dynamic scenario requires companies to prioritize sustainable practices, adapt to changing regulatory environments, and invest in technologies that promote both profitability and environmental responsibility. Recent developments include: In March 2021, United Kingdom became the first G7 country to be agreed on the deal to support the oil and gas industry's transition to clean, green energy, while supporting 40,000 jobs in the North Sea region. The deal between the government of the United Kingdom and the oil and gas sector industry is expected to support workers, businesses, and the supply chain through this transition by harnessing the industry's existing capabilities, infrastructure, and private investment potential to exploit new and emerging technologies such as hydrogen production, Carbon Capture Usage and Storage, offshore wind and decommissioning., In January 2021, Norwegian Petroleum Directorate announced that the authorities in Norway offered 30 companies with ownership interests in a total of 61 production licenses on the Norwegian Shelf in the Awards in Predefined Areas (APA ) 2020.. Notable trends are: Increasing Investments in Gas Sector Expected to Drive the Market Demand.

Offshore Oil & Gas Drilling Market Outlook

The global offshore oil & gas drilling market size was valued at approximately USD 75 billion in 2023 and is projected to reach around USD 110 billion by 2032, expanding at a compound annual growth rate (CAGR) of 4.2% during the forecast period. The market growth is driven by increasing energy demand, technological advancements, and significant investments in offshore drilling projects.

One of the primary growth factors for the offshore oil & gas drilling market is the rising demand for energy worldwide. As the global population and industrial activities continue to expand, the need for energy resources has surged. Offshore oil & gas reserves are critical in meeting this growing energy demand. Governments and private companies are increasingly investing in exploration and drilling activities in offshore regions to secure a steady supply of oil and gas. Additionally, offshore drilling has become more economically viable due to technological advancements that have reduced operational costs and improved efficiency.

Technological innovations play a pivotal role in the growth of the offshore oil & gas drilling market. Advances in drilling technologies, such as automated drilling rigs, real-time data monitoring, and enhanced safety measures, have significantly improved the efficiency and safety of offshore operations. These advancements have made it possible to explore and extract oil and gas from previously inaccessible deepwater and ultra-deepwater reserves. Moreover, the development of floating production storage and offloading (FPSO) units has revolutionized offshore oil extraction by providing flexible and cost-effective solutions for the production and storage of hydrocarbons.

Another key factor contributing to the market's growth is the substantial investments being made by major oil and gas companies in offshore exploration and production activities. Companies are increasingly shifting their focus from onshore to offshore reserves due to the depletion of easily accessible onshore oil fields. Offshore drilling projects, particularly in regions like the Gulf of Mexico, the North Sea, and offshore Brazil, are attracting significant capital investments. These investments are not only aimed at boosting production capacity but also at ensuring energy security and reducing dependency on imported oil.

Offshore Decommissioning is becoming an increasingly important aspect of the offshore oil and gas industry. As many offshore platforms and structures reach the end of their operational life, the need for safe, efficient, and environmentally responsible decommissioning processes is paramount. This involves the removal of infrastructure such as platforms, subsea installations, and pipelines, as well as the restoration of the marine environment. The complexity and cost of decommissioning projects require significant planning and expertise, with considerations for regulatory compliance, environmental protection, and stakeholder engagement. As the industry evolves, advancements in decommissioning technologies and methodologies are expected to play a crucial role in managing these challenges effectively.

From a regional perspective, the offshore oil & gas drilling market is witnessing significant growth in various parts of the world. North America, particularly the United States and Canada, continues to be a major player in offshore drilling activities, driven by substantial reserves in the Gulf of Mexico. In Europe, the North Sea remains a vital region for offshore drilling, with countries like Norway and the United Kingdom leading the way. Meanwhile, the Asia Pacific region, including countries like China and India, is experiencing rapid growth in offshore exploration and production activities, supported by government initiatives and increasing energy demand.

Type Analysis

The offshore oil & gas drilling market can be segmented based on the type of drilling rigs used, including jackups, semisubmersibles, drillships, and others. Jackup rigs are widely used in shallow water drilling operations due to their stability and cost-effectiveness. These rigs are equipped with legs that can be lowered to the seabed, providing a stable platform for drilling activities. Jackup rigs are highly versatile and can be quickly mobilized to different locations, ma

This layer of the map based index (GeoIndex) shows the location, with basic metadata, of selected DECC (Department of Energy & Climate Change) offshore hydrocarbon wells. The source data for this layer was downloaded from the DECC website at www.og.decc.gov.uk/information/maps_offshore.htm. These are DECC owned data and information and supply of the actual data is through the DECC release agents.

NSTA Infrastructure Data is a set of data reported to the NSTA by relevant persons pursuant to Section 34 of the 2016 Energy Act. The data represents physical structures and facilities installed on the UKCS in fulfilment of relevant persons’ licence, field operations or pipeline works authorisation (PWA) related activities. The data is currently updated on a 6 monthly cycle (April / October). Data includes surface installations, subsea infrastructure, pipelines and pipeline freespans.Warning: Due to the 254 character limit of shapefile downloads, some attributes within this dataset will be truncated when downloading as a shapefile.

A wellbore is a path of drilled footage from the Well Origin to a terminating point. The location of each wellbore is the wellbore’s well origin. A well origin is the location on the surface of the earth or sea bed where the drill bit penetrates the earth to establish or rework a well. Definitions for wellbore and well origin taken from PPDM ‘what is a well’: https://whatisawell.ppdm.org/.Data collection starts once a well has been spudded when the operator submits a spud notification on WONS. The NSTA will issue an official well number via WONS, which is to be used for all data and records resulting from the well’s drilling.All well data requirements are set out in the documents Petroleum Operations Notices (PON) 9 (offshore) and PON 9b (onshore). Onshore operators have a statutory obligation to also supply well data to the British Geological Survey (BGS). Visit the BGS website for more information.Well Bottom Hole is the bottom hole location of the borehole at its final measured total depth.Top Hole - Bottom Hole, Straight Line Connection is a straight line connection from the top hole location and bottom hole location, it is not a wellbore path.

This statistic shows the export volume of rapeseed oil to trading partners outside the European Union from the United Kingdom, from season 2015/16 to 2021/22. In 2021/22, approximately 42,336 metric tons of rapeseed oil were exported from the UK to non-EU regions.

The Digital Oil Fields market is experiencing robust growth, driven by the increasing need for enhanced operational efficiency, reduced costs, and improved safety in oil and gas extraction. A compound annual growth rate (CAGR) exceeding 4.50% from 2019 to 2024 indicates a significant upward trajectory, projected to continue through 2033. This expansion is fueled by several key factors. Technological advancements in data analytics, artificial intelligence (AI), and the Internet of Things (IoT) are enabling real-time monitoring and optimization of reservoir, production, and drilling processes. The integration of these technologies allows for predictive maintenance, minimizing downtime and maximizing output. Furthermore, the rising demand for oil and gas globally, coupled with the need for sustainable and responsible resource management, is creating a strong impetus for the adoption of digital oil field solutions. This market is segmented into reservoir, production, and drilling optimization, with each segment contributing significantly to the overall growth. Major players like Baker Hughes, Halliburton, and Schlumberger are leading the charge, investing heavily in research and development to maintain their competitive edge. This intense competition fosters innovation and drives down costs, making digital oil field solutions accessible to a wider range of operators. The competitive landscape is characterized by both established players and emerging technology providers. Established players leverage their extensive experience and global presence to offer comprehensive solutions, while smaller companies focus on niche applications and innovative technologies. The North American market currently holds a dominant share, owing to its established oil and gas infrastructure and high adoption rates. However, other regions, particularly the Asia-Pacific and Middle East & Africa regions, are showing significant growth potential, driven by rising investments in oil and gas exploration and production. While some challenges remain, such as high initial investment costs and the need for skilled personnel to implement and manage these complex systems, the long-term benefits in terms of efficiency and cost savings outweigh these drawbacks, ensuring continued market expansion. The integration of digital technologies into oil fields will continue to transform the industry, leading to smarter, more efficient, and sustainable operations. Recent developments include: In January 2022, oilfield services company Petrofac announced that it had secured a five-year contract extension for well management and well operator services with NEO Energy. Under the contract, the company will provide a five-year framework for well management and well operator support for 27 wells across the Affleck, Balloch, Dumbarton, Lochranza, and Finlaggan fields located in the Central North Sea, UK., In December 2021, Weatherford International PLC announced that it was awarded a three-year digital oilfield contract from Kuwait Oil Company (KOC), as it is aiming to support KOC's digital transformation strategy in the North Kuwait Heavy Oilfield by deploying its Integrated Enterprise Excellence Platform across KOC.. Notable trends are: Reservoir Optimization Segment to Dominate the Market.

A set of 78 maps covering 13 National Grid 1:10,560 map areas in the area of the Lothian oil-shale field. Each map shows the extent of a single oil shale seam. They were published between 1977 and 1982 by the Institute of Geological Sciences in Edinburgh.

This statistic shows the import volume of soybean oil from regions outside the European Union into the United Kingdom, from season 2015/16 to 2021/22. In 2021/22, approximately 5.8 thousand metric tons of soybean oil were imported into the UK from non-EU countries.

This statistic shows the import volume of rapeseed oil from trading partners outside the European Union into the United Kingdom, from season 2015/16 to 2021/22. In 2021/22, approximately 6,575 metric tons of rapeseed oil were imported into the UK from non-EU regions.

This statistic shows the import volume of palm oil from countries outside the European Union into the United Kingdom, from season 2015/16 to 2022/23. In 2022/23, approximately 277,858 metric tons of palm oil were imported into the UK from non-EU countries.

This statistic shows the UK import volume of sunflower oil from trading partners outside the European Union, from season 2015/16 to 2023/24. In 2023/24, approximately 36.6 thousand tonnes of sunflower oil were imported into the UK from non-EU regions.

This layer of the map based index (GeoIndex) shows the location of hydrocarbon wells known to BGS. Exploration for hydrocarbons by drilling began in the 19th century and locations were recorded in latitude/longitude until about 1960. These locations have been converted to national grid. The majority of the wells have formed part of basin studies by BGS and are therefore reliably located. There may be some discrepancies in location data between various databases, originating from project modifications and which original source was preferred. This layer is only available at specific zoom levels. Please zoom to a larger scale to interrogate the map.

This statistic ranks the regions of the United Kingdom (UK) by the number of oil extraction sites as of April 2014. There were four regions in the United Kingdom with a total of 60 oil extraction operations in production.

A wellbore is a path of drilled footage from the Well Origin to a terminating point. The location of each wellbore is the wellbore’s well origin. A well origin is the location on the surface of the earth or sea bed where the drill bit penetrates the earth to establish or rework a well. Definitions for wellbore and well origin taken from PPDM ‘what is a well’: https://whatisawell.ppdm.org/.Data collection starts once a well has been spudded when the operator submits a spud notification on WONS. The NSTA will issue an official well number via WONS, which is to be used for all data and records resulting from the well’s drilling.All well data requirements are set out in the documents Petroleum Operations Notices (PON) 9 (offshore) and PON 9b (onshore). Onshore operators have a statutory obligation to also supply well data to the British Geological Survey (BGS). Visit the BGS website for more information.Well Bottom Hole is the bottom hole location of the borehole at its final measured total depth.Top Hole - Bottom Hole, Straight Line Connection is a straight line connection from the top hole location and bottom hole location, it is not a wellbore path.

The European hydraulic fracturing market, while facing significant regulatory hurdles and public opposition, is projected to experience steady growth over the forecast period (2025-2033). Driven by increasing energy demands and a push towards energy independence, particularly in Eastern Europe, the market is expected to see a Compound Annual Growth Rate (CAGR) exceeding 0.66%. While the historical period (2019-2024) likely saw fluctuating growth due to environmental concerns and moratoriums in certain regions like the UK, the ongoing energy crisis and the need to diversify gas sources are prompting a re-evaluation of unconventional gas extraction. Key players like Gazprom, Rosneft, and Equinor are strategically positioned to capitalize on opportunities in regions with less stringent regulations, focusing on operational efficiency and technological advancements to mitigate environmental impact and improve public perception. The segment breakdown, predominantly focusing on oil and natural gas extraction via hydraulic fracturing, demonstrates the market's dependence on fossil fuels, though future growth may be influenced by the development and integration of more sustainable extraction practices and alternative energy sources. Significant regional variations exist. Russia and Poland, with established resources and infrastructure, are likely to represent substantial shares of the market, while the UK's approach remains cautious due to seismic activity concerns. The "Rest of Europe" segment encompasses nations with varying degrees of regulatory frameworks and resource potential, contributing to the overall market growth but with potentially slower expansion compared to the more established regions. This indicates a need for companies to navigate differing legislative environments and tailor their operations accordingly, potentially investing in environmentally focused technologies to improve social license to operate. Long-term growth will critically depend on resolving environmental and social concerns, adopting best practices for responsible energy production, and adapting to evolving governmental regulations. Notable trends are: Shale Gas to Witness a Significant Growth.

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Oil And Gas Upstream Equipment Market Size 2025-2029

The oil and gas upstream equipment market size is forecast to increase by USD 11.81 billion, at a CAGR of 3.3% between 2024 and 2029.

The market is driven by the increasing preference for pipeline transportation and the rising adoption of digitalization and automation in upstream operations. Pipeline transportation is favored due to its cost-effectiveness and environmental sustainability, making it an attractive alternative to traditional methods of transporting oil and gas. Furthermore, the integration of digital technologies and automation in upstream processes enhances operational efficiency, reduces costs, and improves safety. However, the market faces challenges from the uncertainties associated with low crude oil prices. The volatility in oil prices can significantly impact the profitability of upstream projects, making it essential for companies to adopt risk management strategies and explore alternative revenue streams. Additionally, the implementation of digitalization and automation requires substantial investment, which may be a barrier for smaller players in the market. Companies seeking to capitalize on opportunities in the market must focus on optimizing their pipeline networks and investing in digital technologies to enhance operational efficiency while managing risks associated with price volatility.

What will be the Size of the Oil And Gas Upstream Equipment Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market is characterized by its continuous evolution and dynamic nature, driven by the ever-changing requirements of various sectors. Entities such as flow assurance, reservoir stimulation, downstream operations, market volatility, drilling services, renewable energy, sustainable energy, hydrocarbon recovery, drilling efficiency, safety equipment, upstream operations, well logging, remote operations, enhanced oil recovery, reservoir characterization, workforce development, energy security, resource estimation, training and certification, seismic surveys, environmental regulations, geopolitical risks, and more, play integral roles in this complex ecosystem. Flow assurance solutions ensure uninterrupted production by addressing challenges related to solid and liquid formation in pipelines, while reservoir stimulation techniques enhance hydrocarbon recovery through the injection of chemicals or gases. Downstream operations encompass the processing and refining of crude oil into marketable products, while renewable energy and sustainable energy solutions are increasingly being integrated into the industry to reduce emissions and promote sustainability. Market volatility, driven by factors such as supply chain disruptions, geopolitical risks, and ESG factors, necessitates the adoption of flexible and efficient drilling services. Drilling efficiency is a critical focus area, with horizontal drilling, directional drilling, and pressure testing playing essential roles in optimizing drilling operations. Safety equipment and upstream operations are paramount to maintaining operational excellence and ensuring the wellbeing of personnel. Well logging and remote operations enable real-time data analysis and intervention, enhancing production optimization and efficiency. Enhanced oil recovery techniques, such as hydraulic fracturing, are employed to extract residual hydrocarbons from mature reservoirs. Cloud computing and big data analytics facilitate the digital oilfield, enabling data-driven decision-making and improving overall industry performance. The ongoing energy transition and the integration of renewable energy and sustainable energy solutions into the oil and gas industry present new opportunities and challenges. Pipeline infrastructure and gas processing remain crucial components of the value chain, while industry standards continue to evolve to address emerging trends and technologies. The market is a dynamic and intricate system, requiring a deep understanding of its various components and their interconnectedness to effectively navigate its complexities.

How is this Oil And Gas Upstream Equipment Industry segmented?

The oil and gas upstream equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ApplicationExploration and drillingCompletion and procedureOthersDeploymentOnshoreOffshoreTypeDrilling equipmentProduction equipmentWell intervention equipmentPressure control equipmentOthersComponentSurface EquipmentSubsurface EquipmentDrilling ToolsPumps and ValvesOthersGeographyNorth AmericaUSCanadaEuropeFranceGermanyUKMiddle East and AfricaUAEAPAC