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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 Key Buyers Chapter

The industry displays a low market share concentration. In 2015-16, the industry's four largest players are estimated to account for less than 30% of total revenue. Boart Longyear, the industry's largest major player, is estimated to have a market share of nearly 15% in 2015-16. Other industry players tend to be small-scale specialist drilling companies that provide contracted exploratory drilling services to junior miners and greenfield exploration companies.

Over the past five years, the industry's market share concentration has increased as larger exploration companies have gained market share at the expense of smaller firms. As demand has declined and revenue has fallen, larger players have reduced prices in an effort to increase demand and to ensure optimal equipment usage... 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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