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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 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
$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 - Starting a New Business Chapter

Medium barriers to entry characterise the industry and this trend has remained stable over the past five years. Industry players face a high level of regulation, have extensive capital requirements and require highly skilled employees. Regulations include requirements for environmental sustainability, land usage rights, licencing requirements, and worker health and safety commitments. These barriers are offset slightly by the ability for small firms to operate successfully and minimise their management and operational costs. Many businesses in the industry are sole operators or employ a small number of workers, which reduces their management and training requirements... 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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