Offshore Drilling Market Size, Share & Industry Analysis, By Rig Type (Drillships, Semisubmersibles, and Jackups), By Water Depth (Shallow Water, Deepwater, and Ultra-Deepwater), and Regional Forecasts, 2026-2034

Last Updated: January 19, 2026 | Format: PDF | Report ID: FBI102636

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Table of Content

Introduction
1. Research Scope
2. Market Segmentation
3. Research Methodology
4. Definitions and Assumptions
Executive Summary
Market Dynamics
1. Market Drivers
2. Market Restraints
3. Market Opportunities
Key Insights
1. Key Emerging Trends – For Major Countries
2. Latest Technological Advancement
3. Regulatory Landscape
4. Porters Five Forces Analysis
5. Impact of COVID-19 on the Offshore Drilling Market
Global Offshore Drilling Market Analysis (USD Billion), Insights, and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights, and Forecast – By Rig Type
  1. Drillships
  2. Semisubmersibles
  3. Jackups
3. Market Analysis, Insights, and Forecast – By Water Depth
  1. Shallow Water
  2. Deepwater
  3. Ultra-Deepwater
4. Market Analysis, Insights, and Forecast – By Region
  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America
  5. Middle East & Africa
North America Offshore Drilling Market Analysis (USD Billion), Insights, and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights, and Forecast – By Rig Type
  1. Drillships
  2. Semisubmersibles
  3. Jackups
3. Market Analysis, Insights, and Forecast – By Water Depth
  1. Shallow Water
  2. Deepwater
  3. Ultra-Deepwater
4. Market Analysis, Insights, and Forecast – By Country
  1. U.S.
  2. Canada
Europe Offshore Drilling Market Analysis (USD Billion), Insights, and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights, and Forecast – By Rig Type
  1. Drillships
  2. Semisubmersibles
  3. Jackups
3. Market Analysis, Insights, and Forecast – By Water Depth
  1. Shallow Water
  2. Deepwater
  3. Ultra-Deepwater
4. Market Analysis, Insights, and Forecast – By Country
  1. U.K.
  2. Norway
  3. Rest of Europe
Asia Pacific Offshore Drilling Market Analysis (USD Billion), Insights, and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights, and Forecast – By Rig Type
  1. Drillships
  2. Semisubmersibles
  3. Jackups
3. Market Analysis, Insights, and Forecast – By Water Depth
  1. Shallow Water
  2. Deepwater
  3. Ultra-Deepwater
4. Market Analysis, Insights, and Forecast – By Country
  1. China
  2. India
  3. Australia
  4. Malaysia
  5. Indonesia
  6. Rest of Asia-Pacific
Latin America Offshore Drilling Market Analysis (USD Billion), Insights, and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights, and Forecast – By Rig Type
  1. Drillships
  2. Semisubmersibles
  3. Jackups
3. Market Analysis, Insights, and Forecast – By Water Depth
  1. Shallow Water
  2. Deepwater
  3. Ultra-Deepwater
4. Market Analysis, Insights and Forecast – By Country
  1. Brazil
  2. Mexico
  3. Rest of Latin America
Middle East & Africa Offshore Drilling Market Analysis (USD Billion), Insights, and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights, and Forecast – By Rig Type
  1. Drillships
  2. Semisubmersibles
  3. Jackups
3. Market Analysis, Insights, and Forecast – By Water Depth
  1. Shallow Water
  2. Deepwater
  3. Ultra-Deepwater
4. Market Analysis, Insights, and Forecast – By Country
  1. Saudi Arabia
  2. UAE
  3. Nigeria
  4. Angola
  5. Rest of Middle East and Africa
Competitive Analysis
1. Company Market Share Analysis, 2025
2. Company Profile
  1. Transocean
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  2. Nabors Industries
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  3. Seadrill
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  4. Saipem
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  5. Valaris Plc
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  6. Diamond Offshore Drilling Inc.
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  7. Noble Drilling
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  8. COSL – China Oilfield Services Limited
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  9. Pacific Limited
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  10. KCA Deutag
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  11. Odfjell Drilling
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  12. Maersk Drilling
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  13. Borr Drilling
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  14. Shelf Drilling
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  15. Archer Well Company
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development

Introduction
1. Research Scope
2. Market Segmentation
3. Research Methodology
4. Definitions and Assumptions
Executive Summary
Market Dynamics
1. Market Drivers
2. Market Restraints
3. Market Opportunities
Key Insights
1. Key Emerging Trends – For Major Countries
2. Latest Technological Advancement
3. Regulatory Landscape
4. Porters Five Forces Analysis
5. Impact of COVID-19 on the Offshore Drilling Market
Global Offshore Drilling Market Analysis (USD Billion), Insights, and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights, and Forecast – By Rig Type
  1. Drillships
  2. Semisubmersibles
  3. Jackups
3. Market Analysis, Insights, and Forecast – By Water Depth
  1. Shallow Water
  2. Deepwater
  3. Ultra-Deepwater
4. Market Analysis, Insights, and Forecast – By Region
  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America
  5. Middle East & Africa
North America Offshore Drilling Market Analysis (USD Billion), Insights, and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights, and Forecast – By Rig Type
  1. Drillships
  2. Semisubmersibles
  3. Jackups
3. Market Analysis, Insights, and Forecast – By Water Depth
  1. Shallow Water
  2. Deepwater
  3. Ultra-Deepwater
4. Market Analysis, Insights, and Forecast – By Country
  1. U.S.
  2. Canada
Europe Offshore Drilling Market Analysis (USD Billion), Insights, and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights, and Forecast – By Rig Type
  1. Drillships
  2. Semisubmersibles
  3. Jackups
3. Market Analysis, Insights, and Forecast – By Water Depth
  1. Shallow Water
  2. Deepwater
  3. Ultra-Deepwater
4. Market Analysis, Insights, and Forecast – By Country
  1. U.K.
  2. Norway
  3. Rest of Europe
Asia Pacific Offshore Drilling Market Analysis (USD Billion), Insights, and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights, and Forecast – By Rig Type
  1. Drillships
  2. Semisubmersibles
  3. Jackups
3. Market Analysis, Insights, and Forecast – By Water Depth
  1. Shallow Water
  2. Deepwater
  3. Ultra-Deepwater
4. Market Analysis, Insights, and Forecast – By Country
  1. China
  2. India
  3. Australia
  4. Malaysia
  5. Indonesia
  6. Rest of Asia-Pacific
Latin America Offshore Drilling Market Analysis (USD Billion), Insights, and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights, and Forecast – By Rig Type
  1. Drillships
  2. Semisubmersibles
  3. Jackups
3. Market Analysis, Insights, and Forecast – By Water Depth
  1. Shallow Water
  2. Deepwater
  3. Ultra-Deepwater
4. Market Analysis, Insights and Forecast – By Country
  1. Brazil
  2. Mexico
  3. Rest of Latin America
Middle East & Africa Offshore Drilling Market Analysis (USD Billion), Insights, and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights, and Forecast – By Rig Type
  1. Drillships
  2. Semisubmersibles
  3. Jackups
3. Market Analysis, Insights, and Forecast – By Water Depth
  1. Shallow Water
  2. Deepwater
  3. Ultra-Deepwater
4. Market Analysis, Insights, and Forecast – By Country
  1. Saudi Arabia
  2. UAE
  3. Nigeria
  4. Angola
  5. Rest of Middle East and Africa
Competitive Analysis
1. Company Market Share Analysis, 2025
2. Company Profile
  1. Transocean
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  2. Nabors Industries
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  3. Seadrill
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  4. Saipem
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  5. Valaris Plc
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  6. Diamond Offshore Drilling Inc.
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  7. Noble Drilling
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  8. COSL – China Oilfield Services Limited
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  9. Pacific Limited
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  10. KCA Deutag
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  11. Odfjell Drilling
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  12. Maersk Drilling
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  13. Borr Drilling
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  14. Shelf Drilling
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development
  15. Archer Well Company
    1. Business Overview
    2. Product & Service Offering
    3. Financials
    4. Recent Development

Read Less

List of Figures

Figure 1: Global Offshore Drilling Market Revenue Breakdown (USD Billion, %) by Region, 2025 & 2034

Figure 2: Global Offshore Drilling Market Value Share (%), By Rig Type, 2025 & 2034

Figure 3: Global Offshore Drilling Market Forecast (USD Billion), by Drillships, 2021-2034

Figure 4: Global Offshore Drilling Market Forecast (USD Billion), by Semisubmersibles, 2021-2034

Figure 5: Global Offshore Drilling Market Forecast (USD Billion), by Jackups, 2021-2034

Figure 6: Global Offshore Drilling Market Value Share (%), By Water Depth, 2025 & 2034

Figure 7: Global Offshore Drilling Market Forecast (USD Billion), by Shallow Water , 2021-2034

Figure 8: Global Offshore Drilling Market Forecast (USD Billion), by Deepwater, 2021-2034

Figure 9: Global Offshore Drilling Market Forecast (USD Billion), by Ultra-Deepwater, 2021-2034

Figure 10: Global Offshore Drilling Market Value (USD Billion), by Region, 2025 & 2034

Figure 11: Global Offshore Drilling Market Value Share (%), by Region, 2025

Figure 12: North America Offshore Drilling Market Value Share (%), By Rig Type, 2025 & 2034

Figure 13: North America Offshore Drilling Market Forecast (USD Billion), by Drillships, 2021-2034

Figure 14: North America Offshore Drilling Market Forecast (USD Billion), by Semisubmersibles, 2021-2034

Figure 15: North America Offshore Drilling Market Forecast (USD Billion), by Jackups, 2021-2034

Figure 16: North America Offshore Drilling Market Value Share (%), By Water Depth, 2025 & 2034

Figure 17: North America Offshore Drilling Market Forecast (USD Billion), by Shallow Water , 2021-2034

Figure 18: North America Offshore Drilling Market Forecast (USD Billion), by Deepwater, 2021-2034

Figure 19: North America Offshore Drilling Market Forecast (USD Billion), by Ultra-Deepwater, 2021-2034

Figure 20: North America Offshore Drilling Market Value (USD Billion), by Country, 2025 & 2034

Figure 21: North America Offshore Drilling Market Value Share (%), by Country, 2025

Figure 22: Europe Offshore Drilling Market Value Share (%), By Rig Type, 2025 & 2034

Figure 23: Europe Offshore Drilling Market Forecast (USD Billion), by Drillships, 2021-2034

Figure 24: Europe Offshore Drilling Market Forecast (USD Billion), by Semisubmersibles, 2021-2034

Figure 25: Europe Offshore Drilling Market Forecast (USD Billion), by Jackups, 2021-2034

Figure 26: Europe Offshore Drilling Market Value Share (%), By Water Depth, 2025 & 2034

Figure 27: Europe Offshore Drilling Market Forecast (USD Billion), by Shallow Water , 2021-2034

Figure 28: Europe Offshore Drilling Market Forecast (USD Billion), by Deepwater, 2021-2034

Figure 29: Europe Offshore Drilling Market Forecast (USD Billion), by Ultra-Deepwater, 2021-2034

Figure 30: Europe Offshore Drilling Market Value (USD Billion), by Country, 2025 & 2034

Figure 31: Europe Offshore Drilling Market Value Share (%), by Country, 2025

Figure 32: Asia Pacific Offshore Drilling Market Value Share (%), By Rig Type, 2025 & 2034

Figure 33: Asia Pacific Offshore Drilling Market Forecast (USD Billion), by Drillships, 2021-2034

Figure 34: Asia Pacific Offshore Drilling Market Forecast (USD Billion), by Semisubmersibles, 2021-2034

Figure 35: Asia Pacific Offshore Drilling Market Forecast (USD Billion), by Jackups, 2021-2034

Figure 36: Asia Pacific Offshore Drilling Market Value Share (%), By Water Depth, 2025 & 2034

Figure 37: Asia Pacific Offshore Drilling Market Forecast (USD Billion), by Shallow Water , 2021-2034

Figure 38: Asia Pacific Offshore Drilling Market Forecast (USD Billion), by Deepwater, 2021-2034

"Figure 39: Asia Pacific Offshore Drilling Market Forecast (USD Billion), by Ultra-Deepwater

, 2021-2034"

Figure 40: Asia-Pacific Offshore Drilling Market Value (USD Billion), by Country, 2025 & 2034

Figure 41: Asia-Pacific Offshore Drilling Market Value Share (%), by Country, 2025

Figure 42: Latin America Offshore Drilling Market Value Share (%), By Rig Type, 2025 & 2034

Figure 43: Latin America Offshore Drilling Market Forecast (USD Billion), by Drillships, 2021-2034

Figure 44: Latin America Offshore Drilling Market Forecast (USD Billion), by Semisubmersibles, 2021-2034

Figure 45: Latin America Offshore Drilling Market Forecast (USD Billion), by Jackups, 2021-2034

Figure 46: Latin America Offshore Drilling Market Value Share (%), By Water Depth, 2025 & 2034

Figure 47: Latin America Offshore Drilling Market Forecast (USD Billion), by Shallow Water , 2021-2034

Figure 48: Latin America Offshore Drilling Market Forecast (USD Billion), by Deepwater, 2021-2034

"Figure 49: Latin America Offshore Drilling Market Forecast (USD Billion), by Ultra-Deepwater

, 2021-2034"

Figure 50: Latin America Offshore Drilling Market Value (USD Billion), by Country, 2025 & 2034

Figure 51: Latin America Offshore Drilling Market Value Share (%), by Country, 2025

Figure 52: Middle East & Africa Offshore Drilling Market Value Share (%), By Rig Type, 2025 & 2034

Figure 53: Middle East & Africa Offshore Drilling Market Forecast (USD Billion), by Drillships, 2021-2034

Figure 54: Middle East & Africa Offshore Drilling Market Forecast (USD Billion), by Semisubmersibles, 2021-2034

Figure 55: Middle East & Africa Offshore Drilling Market Forecast (USD Billion), by Jackups, 2021-2034

Figure 56: Middle East & Africa Offshore Drilling Market Value Share (%), By Water Depth, 2025 & 2034

Figure 57: Middle East & Africa Offshore Drilling Market Forecast (USD Billion), by Shallow Water , 2021-2034

Figure 58: Middle East & Africa Offshore Drilling Market Forecast (USD Billion), by Deepwater, 2021-2034

Figure 59: Middle East & Africa Offshore Drilling Market Forecast (USD Billion), by Ultra-Deepwater, 2021-2034

Figure 60: Middle East & Africa Offshore Drilling Market Value (USD Billion), by Country, 2025 & 2034

Figure 61: Middle East & Africa Offshore Drilling Market Value Share (%), by Country, 2025

Figure 62: Company Market Share Analysis (%), 2025

List of Tables

Table 1: Global Offshore Drilling Market Revenue (USD Billion) Forecast, by Rig Type, 2021-2034

Table 2: Global Offshore Drilling Market Revenue (USD Billion) Forecast, By Water Depth, 2021-2034

Table 3: Global Offshore Drilling Market Revenue (USD Billion) Forecast, By Region, 2021-2034

Table 4: North America Offshore Drilling Market Revenue (USD Billion) Forecast, By Rig Type, 2021-2034

Table 5: North America Offshore Drilling Market Revenue (USD Billion) Forecast, By Water Depth, 2021-2034

Table 6: North America Offshore Drilling Market Revenue (USD Billion) Forecast, By Country, 2021-2034

Table 7: Europe Offshore Drilling Market Revenue (USD Billion) Forecast, by Rig Type, 2021-2034

Table 8: Europe Offshore Drilling Market Revenue (USD Billion) Forecast, By Water Depth, 2021-2034

Table 9: Europe Offshore Drilling Market Revenue (USD Billion) Forecast, By Country, 2021-2034

Table 10: Asia Pacific Offshore Drilling Market Revenue (USD Billion) Forecast, by Rig Type, 2021-2034

Table 11: Asia Pacific Offshore Drilling Market Revenue (USD Billion) Forecast, By Water Depth, 2021-2034

Table 12: Asia Pacific Offshore Drilling Market Revenue (USD Billion) Forecast, By Country, 2021-2034

Table 13: Latin America Offshore Drilling Market Revenue (USD Billion) Forecast, by Rig Type, 2021-2034

Table 14: Latin America Offshore Drilling Market Revenue (USD Billion) Forecast, By Water Depth, 2021-2034

Table 15: Latin America Offshore Drilling Market Revenue (USD Billion) Forecast, By Country, 2021-2034

Table 16: Middle East & Africa Offshore Drilling Market Revenue (USD Billion) Forecast, by Rig Type, 2021-2034

Table 17: Middle East & Africa Offshore Drilling Market Revenue (USD Billion) Forecast, By Water Depth, 2021-2034

Table 18: Middle East & Africa Offshore Drilling Market Revenue (USD Billion) Forecast, By Country, 2021-2034

STUDY PERIOD: 2021-2034
BASE YEAR: 2024
HISTORICAL DATA: 2021-2024
NO OF PAGES: 185

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