The report, ‘Offshore Drilling Industry in Europe to 2016 – Norway a Driving Force for the European Offshore Drilling Industry, Reserves and Development Projects’, provides an overview of the offshore drilling industry in Europe, including analysis of historical trends and forecasts till 2016.
The report also includes offshore drilling data analysis of Norway, Denmark, The Netherlands, UK, Russia, and former Soviet Union.
GBI Research noted that Norway will emerge as a hub for offshore drilling in Europe as a series of new development projects are coming up over the next two years.
The research firm estimates that Norway will achieve an expenditure of $5bn in 2016, which will be followed by the UK with an expenditure of $4bn.
The countries together hold highest number of oil wells, representing about 75% of the total offshore drilling expenditure in Europe.
Denmark and the Netherlands are the other two countries with highest number of oil wells after Norway and the UK.
