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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 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. 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.

Queensland has extensive mineral resources and is the second-largest state for industry activity... 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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