Oil and Mineral Exploration Drilling in Australia - Market Research Report

Oil and Mineral Exploration Drilling industry trends (2014-2019)

poll Average industry growth 2014–2019: -24.5%

The Oil and Mineral Exploration Drilling industry's performance has been extremely volatile over the past five years. Industry players provide services to mining companies engaged in greenfield oil and mineral exploration. This segment represents the riskiest area of the Mining division, as companies look for new economically viable resource deposits. Expenditure on greenfield exploration fluctuates significantly from year to year, in line with small miners' ability to access capital. Demand tends to fall for greenfield exploration services, such as specialist drilling activities, when sentiment in the Mining division declines. Mining companies have transitioned away from expansion over the past five years, instead focusing on boosting production. D...
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Oil and Mineral Exploration Drilling industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

Demand conditions and exploration activity in the Mining division are forecast to improve over the next five years. Industry revenue is projected to increase at an annualised X.X% over the five years through XXX-XX, to $XX.X million. Unexpected shifts in commodity prices may cause exploration expenditure to increase at a faster rate than anticipated over the next five years. Exploration expenditure has collapsed over the past five years, leading to a lack of reserve replenishment. As major mining firms are now at risk of being unable to replace depleted mines, these firms are forecast to allocate an increasing share of expenditure to greenfield exploration programs over the next five years. Exploration growth opportunities As the price of a commodi...
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Oil and Mineral Exploration Drilling industry statistics

  • attach_money Market Size: $329m
  • business Number of Businesses: 606
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 837

Biggest companies in the Oil and Mineral Exploration Drilling industry

The companies holding the largest market share in the Oil and Mineral Exploration Drilling in Australia industry include Boart Longyear Limited and Ausdrill Limited.

  • pie_chart Boart Longyear Limited Market Share: x.x%
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  • pie_chart Ausdrill Limited Market Share: x.x%
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What is Oil and Mineral Exploration Drilling industry?

Industry Definition

Industry companies 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 industry firms also supply drilling services for brownfield projects, but these activities are excluded from the industry.

Industry Products and Services

  • Reverse-circulation drilling
  • Air-core drilling
  • Diamond drilling
  • Hydraulic-rotary drilling
  • Other exploration drilling
  • Rotary air-blast drilling

Industry Activities

  • Reverse-circulation drilling
  • Air-core drilling
  • Diamond drilling
  • Rotary air-blast drilling
  • Hydraulic-rotary drilling
  • Coil-tube drilling
  • Other exploratory drilling services

Market research report - table of contents

Industry Definition

Industry companies 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 industry firms also supply drilling services for brownfield projects, but these activities are excluded from the industry.

Main Activities

  • Reverse-circulation drilling
  • Air-core drilling
  • Diamond drilling
  • Rotary air-blast drilling
  • Hydraulic-rotary drilling
  • Coil-tube drilling
  • Other exploratory drilling services

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Mining firms often demand a range of exploratory drilling services when seeking to expand operations and establish new greenfield projects. Increased capi...
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Actual capital expenditure on mining
Base metals price index
Demand from mineral exploration
US dollars per Australian dollar

Current Performance

Mine development
Greenfield decline
Industry dynamics
 Chart: Revenue Growth

Industry Outlook

Oil and gas exploration
Internal dynamics
 Table: Oil and Mineral Exploration Drilling in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Oil and Mineral Exploration Drilling in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Oil and Gas Extraction in Australia
Iron Ore Mining in Australia
Bauxite Mining in Australia
Copper Ore Mining in Australia
Gold Ore Mining in Australia
Mineral Exploration in Australia

Key Selling Industries

Mining and Industrial Machinery Wholesaling in Australia
Engineering Consulting in Australia





Products & Services

Firms in the Oil and Mineral Exploration Drilling industry provide a range of exploratory drilling services to mining exploration companies. The types of ...
Metal ore mining companies
Onshore oil and gas exploration companies




Demand Determinants

Exploration activity in the Mining division drives industry demand. In particular, oil and gas extraction and mineral mining companies drive demand for th...
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Major Markets

Metal ore mining companies
Onshore oil and gas exploration companies





 Chart: Major Market Segmentation for the Oil and Mineral Exploration Drilling in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The industry displays moderate market share concentration. In 2018-19, the industry's four largest players are expected to account for close to 47% of tot...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Oil and Mineral Exploration Drilling in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Oil and Mineral Exploration Drilling in Australia - Market Research Report Industry

Industry Globalization

Boart Longyear Limited is a publicly listed company that provides integrated drilling services and drilling products to operators in mining, mineral explo...
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Boart Longyear

 Table: Boart Longyear - financial performance

Perenti Global

 Table: Perenti Global - financial performance

Capital Intensity

The Oil and Mineral Exploration Drilling industry exhibits moderate capital intensity. For every dollar spent on wages in 2018-19, an estimated $0.32 is i...
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 Chart: Level of Capital Intensity for the Oil and Mineral Exploration Drilling in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Oil and Mineral Exploration Drilling in Australia Industry

Industry Revenue (2007-2025)
Industry Gross Product (2007-2025)
Establishments (2007-2025)
Businesses (2007-2025)
Employment (2007-2025)
Exports (2007-2025)
Imports (2007-2025)
Wages (2007-2025)
Domestic Demand (2007-2025)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

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This report on Oil and Mineral Exploration Drilling in Australia:

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  • Includes the necessary information to perform SWOT, PEST and STEER analysis.
  • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
  • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.

The Oil and Mineral Exploration Drilling in Australia market research report includes:

  • Historical data and analysis for the key drivers of this industry
  • A five-year forecast of the market and noted trends
  • Detailed research and segmentation for the main products and markets
  • An assessment of the competitive landscape and market shares for major companies
  • And of course, much more

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