Released on = April 14, 2007, 1:11 am

Press Release Author = Bharat Book Bureau

Industry = Marketing

Press Release Summary = This unique report provides an essential and complete
overview of the technology and future prospects for the offshore drilling business.

Press Release Body = THE DEFINITIVE DRILLING REPORT

This unique report provides an essential and complete overview of the technology and
future prospects for the offshore drilling business.

It reviews and forecasts the world market by region and type of activity in terms of
both well numbers and expenditure levels.

OFFSHORE TECHNOLOGY

The report analyses the state of the drilling industry. Suitable for readers of all
backgrounds it presents a detailed review of offshore drilling technology,
discussing both traditional and innovative techniques and the commercial impact they
may have on the industry over the short and medium term future.

GLOBAL DRILLING

Drilling attracts nearly 45% of offshore capital expenditure. After a surge in
offshore drilling spending everywhere through 2005 and 2006 it is now forecast that
growth over the next five years will be much more erratic and dispersed.

Some regions, particularly where the deepest waters are being exploited, will
continue to expand rapidly, whilst others will attract less capital due to a lack of
large-scale project opportunities and exploration prospects.

Drilling levels and types are discussed for every country in the world which has
offshore prospects. The regional forecasts are presented in table and chart form in
a clear and accessible manner.

'The World Offshore Drilling Spend Forecast 2007-2011' provides essential
information for decision-makers in oil and gas companies and in the contracting and
supply industries, and is an invaluable asset for government departments and
financial institutions involved in strategy formulation and valuation.

SPENDS BY SECTOR

In 2006, within the offshore drilling sector, it is estimated that 33% of
expenditure was billed by the rig contractors, just over a fifth was earmarked for
support, and 6% went towards geoscience. Rigs are the biggest single cost and their
share has grown substantially as rig rates have climbed and wells have become
increasingly challenging to drill.

Formulated costs for different types of well are fully detailed, subdivided into the
rig, engineering, geoscience and support sectors, and further subdivided into
individual cost elements for the key offshore drilling services.

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Contact Details = Bharat Book Bureau
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