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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 2016

Not a drill: Decreased investment in the Mining division has caused industry exits

The Oil and Mineral Exploration Drilling market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Ausdrill Ausdrill market share
Boart Longyear Boart Longyear market share
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
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Industry Analysis & Industry Trends

Over the past five years, the Oil and Mineral Exploration Drilling industry has had an extremely volatile performance. 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 Locations Chapter

During Australia's commodity mining boom in Australia over the past decade, mining activity has been heavily focused in Western Australia. Major commodities in Western Australia include iron ore, gold, bauxite, alumina and diamond. Many mining companies have explored potential commodity deposits to determine the extent of the resources. This has created significant demand for exploration drilling activity in Western Australia. As a result, the largest share of the industry's enterprises is located in Western Australia. Exploration drilling companies are heavily reliant on mining companies for contracts and demand... 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 services

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