Overview

Not a drill: Revenue has rapidly fallen due to decreased investment in the Mining division

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

Industry Threats & Opportunities

  • Industry revenue has collapsed due to falls in mining-related capital expenditure
  • Weaker demand has forced many players to decrease prices or exit the industry
  • Internal competition is projected to intensify as players aim to be competitive on costs

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    Industry Analysis & Industry Trends

    The Oil and Mineral Exploration Drilling industry has had an extremely volatile performance over the past five years. 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 tends to fall for greenfield exploration services such as specialist drilling activities.

    Industry operators previously benefited from a prolonged boom in capital expenditure in the Mining division...

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    What is the Oil and Mineral Exploration Drilling industry?

    The dispersion of establishments in the Oil and Mineral Exploration Drilling industry is primarily determined by the location of mineral ore deposits. Unlike other industries, some establishments are found in highly remote areas. This enables a much higher allocation of industry activity in some states relative to their share of the Australian population. For example, 6.9% of industry establishments are found in the Northern Territory, relative to only 1.0% of the population.

    Western Australia is the dominant region for industry activity. Major commodities in Western Australia include iron ore, gold, bauxite, alumina and diamond. Many mining companies have explored potential commodity deposits to determine the extent of the resources. Thi...

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    Additional Insights for the Oil and Mineral Exploration Drilling Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Oil and Mineral Exploration Drilling Industry are

  • Ability to effectively manage risk
  • Economies of scale
  • Economies of scope
  • IBISWorld analysts also discuss how external factors such as Actual capital expenditure on mining and Base metals price index in the Oil and Mineral Exploration Drilling industry impact industry performance..

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    Products & Brands

    Major products in this industry
    Reverse-circulation drilling
    Air-core drilling
    Diamond drilling
    Hydraulic-rotary drilling
    Other exploration drilling
    Rotary air-blast drilling
    Examples of brands in this Industry
    Ausdrill
    Ausdrill Northeast
    Energy Drilling Australia
    Boart Longyear

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Actual capital expenditure on mining
  • Base metals price index
  • Demand from exploration
  • US dollars per Australian dollar
  • World price of crude oil

  • Current Performance
  • Demand and revenue
  • Mine development
  • Greenfields in decline
  • Industry dynamics
  • Chart: Revenue Growth

  • Industry Outlook
  • Internal dynamics
  • Prices, exploration and regulation
  • Table: Oil and Mineral Exploration Drilling Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Oil and Mineral Exploration Drilling Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Oil and Gas Extraction
  • Iron Ore Mining
  • Bauxite Mining
  • Copper Ore Mining
  • Gold Ore Mining
  • Mineral Exploration

  • Key Selling Industries
  • Engineering Consulting
  • Mining and Industrial Machinery Wholesaling

  • Products & Services
  • Diamond drilling
  • Rotary air-blast drilling
  • Reverse-circulation drilling
  • Hydraulic-rotary drilling
  • Air-core drilling
  • Other exploration drilling
  • Chart: Oil and Mineral Exploration Drilling Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Offshore oil and gas exploration companies
  • Metal ore mining companies
  • Onshore oil and gas exploration companies
  • Chart: Major Market Segmentation for the Oil and Mineral Exploration Drilling Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Operating leases
  • Maintenance
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Oil and Mineral Exploration Drilling

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Oil and Mineral Exploration Drilling Industry

  • Industry Globalization
    Major Companies
    Boart Longyear LimitedAusdrill Limited
  • Table: Boart Longyear Limited - financial performance
  • Table: Ausdrill Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Oil and Mineral Exploration Drilling Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Oil and Mineral Exploration Drilling Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Brownfield
  • Established mining projects that produce output.
  • Drill Bit
  • An attachment tool for the drill that is used to excavate the rock in oil, gas and mineral drilling applications.
  • Greenfield
  • Newly established mining projects that require exploratory drilling services.
  • Measurement-While-Drilling
  • A drilling tool technology that transmits information from down-hole measuring devices to the surface while drilling is occurring.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Oil and Mineral Exploration Drilling:
    • Provides Market Size information to assist with planning and strategic decisions.
    • 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 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

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Oil and Mineral Exploration Drilling, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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