Our post focuses on the world’s biggest offshore drilling companies and the largest companies that contribute the most to this industry, which is valued at more than $50 billion and is predicted to reach over $57 billion by 2026. Let’s get you started.
About Offshore Drilling
Offshore drilling is a mechanical procedure. However, it involves drilling a well-bore beneath the seabed. It’s usually done to look for and then extract petroleum from rock formations beneath the seafloor.
Drilling on the continental shelf is the most typical application of the world. However, it can also refer to drilling in lakes, inshore waterways, and inland seas.
The continuing discussion in the United States over offshore drilling is one example of a contentious issue.
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10 Best World’s Biggest Offshore Drilling Companies
Below we have compiled for you a complete list of world’s biggest offshore drilling companies;
5. Weatherford–$5.74BN
The Ireland-based oil and natural gas service company Weatherford is specialized in well construction, formation evaluation, well completion, and artificial lift and drilling services.
The $5.74bn revenue in 2018 meant a little increase in 2017’s revenue of $5.69bn but it was enough to make it to the top-5.
4. Petrofac–$5.83BN
Petrofac is an experienced and leading international service provider to the oil and gas production and processing industry.
Undoubtedly, providing services such as deepwater drilling, coiled tubing drilling, extended reach drilling, high-pressure, high-temperature drilling and much more in 29 countries worldwide, Petrofac’s revenue reached $5.83bn in 2018.
3. Baker Hughes–$22.9BN
Baker Hughes
The US-based Baker Hughes is one of the most famous international industrial service companies and also one of the world’s largest oil field services companies.
Undoubtedly, Baker Hughes provides products and services for oil drilling, formation evaluation, completion, production, and reservoir consulting.
2. Halliburton– $23.99BN
The number 2 of the list, however, was another company with experience of one century: Halliburton.
The oilfield services provider based in the US and Dubai made $23.99bn in revenues in 2018. This meant an increase of %16.37 compared to 2017.
Founded in 1919, Halliburton is one of the world’s largest providers of products and services to the energy industry.
1. Schlumberger– $32.8BN
The Us-based Schlumberger is the world’s biggest oilfield services company. They earned a record of $32.8bn in 2018, which was a 7.8% increase over their previous record-breaking 2017 revenue of $30.44bn.
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