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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 | 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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Ausdrill Ausdrill market share
Boart Longyear Boart Longyear market share
Industry Statistics & Market Size
Revenue
$697m
Annual Growth 08-13
-4.9%
Annual Growth 13-18
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Profit
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Employment
1,846
Businesses
495
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 Locations Chapter

With the commodity mining boom in Australia in the past decade, mining activity has been focussed on Western Australia, which is rich in mineral resources. Many mining companies have explored potential commodity deposits to determine the extent of resources. This has created significant demand for exploration drilling activity in Western Australia, which is estimated to account for 63.5% of industry revenue in 2012-13, and a similar proportion of industry businesses. With exploration drilling companies being heavily reliant on mining companies for contracts and demand, the industry's prospects largely follow the fortunes of the mining sector in Western Australia, as well as changes in commodity prices... 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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