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Oil and Mineral Exploration Drilling in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Oil and Mineral Exploration Drilling Market Research Report | Specialist Engineering, Infrastructure & Contractors | Mining & Mining Services | Aug 2015

No gold mine: Decreased investment in the Mining division reduces demand for industry services

IBISWorld’s Oil and Mineral Exploration Drilling market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Ausdrill Ausdrill market share
Boart Longyear Boart Longyear market share
Industry Statistics & Market Size
Revenue
$721m
Annual Growth 11-16
-4.1%
Annual Growth 16-21
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Profit
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Employment
1,523
Businesses
542
Industry Analysis & Industry Trends

Over the past five years, the performance of the Oil and Mineral Exploration Drilling industry has been volatile. Industry players provide services to mining companies that are engaged in greenfield oil and mineral exploration. This is the riskiest area of the Mining division as companies look for new economically viable resource deposits. Expenditure on greenfield exploration fluctuates significantly year on year, in line with small miners' ability to access capital. When commodity prices fall or sentiment in the Mining division declines, demand for greenfield exploration services (such as specialist drilling activities) tends to decline.

Over the past 10 years, industry operators have benefited from a prolonged boom in capital expenditure in the Mining division... purchase to read more

Industry Report - Industry Products Chapter

Industry players provide a range of exploratory drilling services to mining exploration companies. The types of exploratory drilling services depend on the relative operational costs of each drilling type, the mineral or commodity that is being sought and the potential mine site location. The industry's services are divided based on the proportion of revenue that each segment generates.

Diamond drilling

Diamond drilling penetrates hard rock or hard ground using diamond-impregnated drill bits that are attached to the end of a hollow drill. These drills cut a cylindrical core in the hard rock. Diamond drilling services are the most common type of exploration drilling... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Oil and Mineral Exploration Drilling Industry?

Companies in the industry provide exploratory drilling services for oil, gas and mineral exploration and mining firms. Mining companies contract exploration drilling companies to carry out exploratory drilling services for greenfield mining. Many companies also supply drilling services for brownfield projects, but these activities are excluded from the industry.

Industry Products
Reverse-circulation drillingAir-core drillingDiamond drillingHydraulic-rotary drillingOther exploration drillingRotary air-blast drilling
 
Industry Activities
Reverse-circulation drillingAir-core drillingDiamond drillingRotary air-blast drillingHydraulic-rotary drillingOther exploratory drilling servicesReverse-circulation drillingAir-core drillingDiamond drillingRotary air-blast drillingHydraulic-rotary drillingOther exploratory drilling services


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