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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

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
$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 - Industry Analysis Chapter

The industry provides services to companies exploring untapped areas in the hope of finding economically viable resources for development. The industry's major markets play one of the most cyclical roles within the Mining division, greenfield exploration or the hunt for new resources. Exploration is cash-intensive, with independent exploration companies relying on strong sentiment to find the capital to purchase exploration rights and services. Demand for this highly risky activity fluctuates strongly, with increases in global commodity prices and strong capital investment supporting industry revenue growth, while the converse set of conditions lead to sharp declines. Consequently, the industry's revenue is highly volatile year on year, as evidenced in the past five years... 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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