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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 2014

No stone left unturned: Shift away from mining exploration is decreasing demand for industry

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
Revenue
$773m
Annual Growth 10-15
1.7%
Annual Growth 15-20
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Profit
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Employment
1,670
Businesses
441
Industry Analysis & Industry Trends

In the five years through 2014-15, 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 rapidly adjusts. In 2011-12 and 2012-13, drops in demand have resulted in contractions in industry revenue... purchase to read more

Industry Report - Starting a New Business Chapter

Entry barriers to the industry for new firms are at a moderate level. The industry faces high regulation level and extensive capital requirements and requires highly skilled workers. These barriers are offset by the ability for small firms to operate successfully and minimise management and operational costs. Many businesses in the industry are sole operators, or only employ one or two workers, which reduces management and training requirements for a large number of small exploration drilling companies in the industry.

Regulations are relatively heavy for the industry, which increases entry barriers due to additional costs and requirements that exploration drilling companies need to pay and meet compared with other sectors of the economy... 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. 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 drillingAir core drillingDiamond drillingRotary air blast drillingHydraulic rotary drillingReverse circulation drillingAir core drillingDiamond drillingRotary air blast drillingHydraulic rotary drilling


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