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 | Jun 2013

Revenue dependency: As the mining boom slows, industry drillers face an uncertain future

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
Layne Christensen Australia Layne Christensen Australia market share
Industry Statistics & Market Size
Annual Growth 08-13
Annual Growth 13-18
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Industry Analysis & Industry Trends

In the five years through 2012-13, the Oil and Mineral Exploration Drilling industry has followed a volatile growth path. The industry provides services for mining companies engaged in greenfield oil and mineral exploration. This is the riskiest area of the Mining division, where companies are engaged in looking for new and economically viable deposits of resources. Expenditure on greenfield exploration fluctuates significantly year on year in line with small miners' ability to access capital. When commodity prices fall, or sentiment around the Mining division declines, demand for greenfield exploration services can dry up suddenly. In 2008-09 and 2012-13, drops in demand have resulted in contractions in industry revenue... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

Industry value added (IVA), which measures the industry's contribution to the overall economy, is forecast to decline at a compound annual rate of 5.8% over the 10 years through 2017-18. This is in contrast to generally steady GDP growth in Australia over the same period, which is projected to rise at a compound annual rate of 2.4%. The industry is expected to have a smaller share of the overall economy in 2017-18 than it did in 2007-08.

The industry's IVA growth has been suppressed by limited growth in greenfield exploration over the past decade. Although the industry is expected to re-allocate assets through consolidation in the next five years, margins are not expected to improve. The industry's existing services are well accepted by the market... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Oil and Mineral Exploration Drilling Industry?

This industry includes firms primarily engaged in test drilling, boring and core sampling for exploratory purposes in mining, oil and gas operations. Exploration drilling companies are contracted by mining companies to carry out exploratory drilling for greenfield (new) projects. However, many companies also supply drilling services for brownfield (established) projects, which is beyond the scope of this report.

Industry Products
Reverse circulation drillingAir core drillingDiamond drillingHydraulic rotary drillingOther exploration drillingRotary air blast drilling
Industry Activities
Reverse circulation drillingAircore drillingDiamond drillingRotary air blasting drillingHydraulic rotary drillingReverse circulation drillingAircore drillingDiamond drillingRotary air blasting drillingHydraulic rotary drilling

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