North America to lead a sustained recovery in the global land drilling rig market over 2017-2021

Westwood’s most recent edition of the World Land Drilling Rig Market Forecast launches today. The report features a comprehensive summary of the market at both the country and regional level, including: onshore wells drilled, rig fleet growth, active drilling rigs required by HP category, and further key trends within the market. Since producing the previous edition of the report, Westwood has completed a full review and update of its unique global fleet data comprising over 13,000 land rigs. Country analysis for Bolivia has been added to the report along with continued improved visibility of difficult-to-access markets such as Russia, Iran and Indonesia. The new report features a more detailed breakdown of the number of rigs drilling in terms of HP category (0-499 HP, 500-999 HP, 1,000-1,499 HP, 1,500-1,999 HP, 2,000-2,999 HP, and 3,000+ HP). The report also provides a matrix of drilling contractors operating within each region, including overall fleet size, composition, and countries of operation in each contractor’s fleet.