{"id":11862,"date":"2021-08-16T10:22:06","date_gmt":"2021-08-16T09:22:06","guid":{"rendered":"https:\/\/www.westwoodenergy.com\/?p=11862"},"modified":"2025-04-22T14:33:44","modified_gmt":"2025-04-22T13:33:44","slug":"world-land-drilling-rig-market-forecast-2021-2025","status":"publish","type":"post","link":"https:\/\/www.westwoodenergy.com\/reports\/rigs-wells\/world-land-drilling-rig-market-forecast-2021-2025","title":{"rendered":"World Land Drilling Rig Market Forecast 2021-2025"},"content":{"rendered":"[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;none&#8221; row_border_radius_applies=&#8221;bg&#8221; overflow=&#8221;visible&#8221; overlay_strength=&#8221;0.3&#8243; gradient_direction=&#8221;left_to_right&#8221; shape_divider_position=&#8221;bottom&#8221; bg_image_animation=&#8221;none&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; column_element_direction_desktop=&#8221;default&#8221; column_element_spacing=&#8221;default&#8221; desktop_text_alignment=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_backdrop_filter=&#8221;none&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; column_position=&#8221;default&#8221; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][tabbed_section style=&#8221;default&#8221; tab_change_animation=&#8221;fade&#8221; alignment=&#8221;left&#8221; spacing=&#8221;default&#8221; tab_color=&#8221;Accent-Color&#8221; vs_content_animation=&#8221;fade&#8221; vs_link_animation=&#8221;opacity&#8221; vs_navigation_alignment=&#8221;left&#8221; vs_navigation_width_2=&#8221;25%&#8221; vs_navigation_func=&#8221;default&#8221; vs_navigation_width=&#8221;regular&#8221; vs_navigation_spacing=&#8221;15px&#8221; vs_navigation_mobile_display=&#8221;visible&#8221; vs_tab_spacing=&#8221;5%&#8221;][tab icon_family=&#8221;none&#8221; title=&#8221;Report Summary&#8221; id=&#8221;1745328742766-8&#8243; tab_id=&#8221;1745328742767-3&#8243;][vc_column_text]2020 was a catastrophic year for rig demand, with drilling activity plummeting across the globe and reversing the improvement in activity levels witnessed following the previous downturn. Overall, the number of operational rigs is estimated to have fallen c. 25%, contracting from c. 4,570 units to c. 3,530 one year later. This drop in drilling activity caused utilisation levels to fall to an estimated c. 40%, similar to levels seen at the low point of the previous downturn (2016).<\/p>\n<p>In this tenth edition of the \u2018World Land Drilling Rig Market Forecast\u2019 report, Westwood assesses the current landscape of the industry following such a catastrophic downturn and provides an outlook on future onshore rig demand. Overall, the outlook for land rigs is starting to improve as stronger commodity prices (a function of strict OPEC+ cut quotas) spur increased drilling activity (from the lows of 2020). However, Westwood expects operators to remain cautious throughout the forecast 2021 \u2013 2025 period, with industry fundamentals remaining sensitive to a number of factors (e.g. demand recovery, the Energy Transition, geopolitics etc.).<\/p>\n<p>The report presents Westwood\u2019s in-depth outlook for the global land drilling rig market over the 2021-2025 period, with a focus on addressing the following key questions:<\/p>\n<ul>\n<li>What is the market outlook, in terms of the volume of rigs operational and rig utilisation, across different regions and countries? Specifically, which jurisdictions are likely to drive demand for rigs in the coming years, and the underlying drivers.<\/li>\n<li>What are the key factors worth highlighting within specific countries or regions \u2013basins, plays, E&amp;P companies, national production targets (if appropriate)?<\/li>\n<li>What does the competitive landscape look like within specific markets \u2013key rig contractors and the size and horsepower distribution of their fleet?<\/li>\n<li>What are the potential upsides to our forecast \u2013 regions, countries and drivers?<\/li>\n<\/ul>\n[\/vc_column_text][image_with_animation image_url=&#8221;11863&#8243; image_size=&#8221;full&#8221; animation_type=&#8221;entrance&#8221; animation=&#8221;Fade In&#8221; animation_easing=&#8221;default&#8221; animation_movement_type=&#8221;transform_y&#8221; hover_animation=&#8221;none&#8221; alignment=&#8221;&#8221; border_radius=&#8221;none&#8221; box_shadow=&#8221;none&#8221; image_loading=&#8221;default&#8221; max_width=&#8221;100%&#8221; max_width_mobile=&#8221;default&#8221;][vc_column_text]\n<h6>Wells Drilled and Drilling Utilisation, 2019-2025<\/h6>\n[\/vc_column_text][\/tab][tab icon_family=&#8221;none&#8221; title=&#8221;Contents&#8221; id=&#8221;1745328742846-9&#8243; tab_id=&#8221;1745328742846-3&#8243;]<div class=\"nectar-fancy-ul\" data-list-icon=\"icon-salient-thin-line\" data-animation=\"false\" data-animation-delay=\"0\" data-color=\"accent-color\" data-spacing=\"default\" data-alignment=\"left\"> <strong>Executive Summary<\/strong><\/p>\n<p><strong>1. <\/strong><strong>Introduction<br \/>\n<\/strong>1.1.1 Oil Prices<br \/>\n1.1.2 Select E&amp;P Company 2021 Capex Outlook<br \/>\n1.1.3 Upstream Access to Capital Markets<br \/>\n1.1.4 Energy Transition and Net Zero Ambitions<\/p>\n<p><strong>2. Global Analysis<br \/>\n<\/strong>2.1 Global Outlook<br \/>\n2.2 Regional Rig Fleets<\/p>\n<p><strong>3. Asia-Pacific Analysis<br \/>\n<\/strong>3.1 Asia-Pacific Rig Supply and Demand<br \/>\n3.2 Asia-Pacific Identified Rigs<br \/>\n3.3 Australia<br \/>\n3.4 China<br \/>\n3.5 India<br \/>\n3.5 Indonesia<br \/>\n3.6 Pakistan<br \/>\n3.7 Thailand<\/p>\n<p><strong>4. <\/strong><strong>Eastern Europe &amp; FSU Analysis<br \/>\n<\/strong>4.1 Eastern Europe Rig Supply and Demand<br \/>\n4.2 Eastern Europe &amp; FSU Identified Rigs<br \/>\n4.3 Azerbaijan<br \/>\n4.4 Kazakhstan<br \/>\n4.5 Russia<\/p>\n<p><strong>5. <\/strong><strong>Latin America Analysis<br \/>\n<\/strong>5.1 Latin America Supply and Demand<br \/>\n5.2 Latin America Identified Rigs<br \/>\n5.3 Argentina<br \/>\n5.4 Brazil<br \/>\n5.5 Colombia<br \/>\n5.6 Ecuador<br \/>\n5.7 Mexico<br \/>\n5.8 Peru<\/p>\n<p><strong>6. MENA Analysis<br \/>\n<\/strong>6.1 MENA Rig Supply and Demand<br \/>\n6.2 MENA Identified Rigs<br \/>\n6.3 Algeria<br \/>\n6.4 Egypt<br \/>\n6.5 Iraq<br \/>\n6.6 Kuwait<br \/>\n6.7 Oman<br \/>\n6.8 Saudi Arabia<br \/>\n6.9 United Arab Emirates<\/p>\n<p><strong>7. <\/strong><strong>North America Analysis<br \/>\n<\/strong>7.1 North America Rig Supply and Demand<br \/>\n7.2 North America Identified Rigs<br \/>\n7.3 Canada<br \/>\n7.4 USA<\/p>\n<p><strong>8. <\/strong><strong>Sub-Saharan Analysis<br \/>\n<\/strong>8.1 Sub-Saharan Rig Supply and Demand<br \/>\n8.2 Sub-Saharan Identified Rigs<br \/>\n8.3 Chad<br \/>\n8.4 Gabon<br \/>\n8.5 Nigeria<\/p>\n<p><strong>9. <\/strong><strong>Western Europe Analysis<br \/>\n<\/strong>9.1 Western Europe Rig Supply and Demand<br \/>\n9.2 Western Europe Identified Rigs<\/p>\n<p><strong>10. Conclusions<\/strong><\/p>\n<p><strong>Appendices<\/strong><\/p>\n<p>Appendix 1: Methodology<br \/>\nAppendix 2: Rig Equipment Landscape<br \/>\nAppendix 3: Glossary <\/div>[\/tab][\/tabbed_section][\/vc_column][\/vc_row][vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;50px&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;none&#8221; row_border_radius_applies=&#8221;bg&#8221; overflow=&#8221;visible&#8221; overlay_strength=&#8221;0.3&#8243; gradient_direction=&#8221;left_to_right&#8221; shape_divider_position=&#8221;bottom&#8221; bg_image_animation=&#8221;none&#8221; el_id=&#8221;&#8221; css=&#8221;&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; column_element_direction_desktop=&#8221;default&#8221; column_element_spacing=&#8221;default&#8221; desktop_text_alignment=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_backdrop_filter=&#8221;none&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; column_position=&#8221;default&#8221; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][divider line_type=&#8221;No Line&#8221; custom_height=&#8221;50&#8243;][vc_column_text]Please contact our Sales team for more information and questions regarding the report.[\/vc_column_text][nectar_btn size=&#8221;small&#8221; button_style=&#8221;regular&#8221; button_color_2=&#8221;Accent-Color&#8221; icon_family=&#8221;none&#8221; url=&#8221;mailto:sales@westwoodenergy.com&#8221; text=&#8221;Email our sales team&#8221;][\/vc_column][\/vc_row][vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; bg_color=&#8221;#559497&#8243; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;none&#8221; row_border_radius_applies=&#8221;bg&#8221; overflow=&#8221;visible&#8221; overlay_strength=&#8221;0.3&#8243; gradient_direction=&#8221;left_to_right&#8221; shape_divider_position=&#8221;bottom&#8221; bg_image_animation=&#8221;none&#8221; gradient_type=&#8221;default&#8221; shape_type=&#8221;&#8221;][vc_column column_padding=&#8221;padding-3-percent&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; column_element_direction_desktop=&#8221;default&#8221; column_element_spacing=&#8221;default&#8221; desktop_text_alignment=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_backdrop_filter=&#8221;none&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; column_position=&#8221;default&#8221; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221; column_padding_type=&#8221;default&#8221; gradient_type=&#8221;default&#8221;][nectar_animated_title heading_tag=&#8221;h6&#8243; style=&#8221;color-strip-reveal&#8221; color=&#8221;Accent-Color&#8221; text=&#8221;Request More Information&#8221;][vc_raw_html css=&#8221;&#8221;]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[\/vc_raw_html][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"<p>In this tenth edition of the \u2018World Land Drilling Rig Market Forecast\u2019 report, Westwood assesses the current landscape of the industry following such a catastrophic downturn and provides on the outlook future onshore rig demand.<\/p>\n","protected":false},"author":6,"featured_media":11864,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[350,327,346,444,443,318,79,322,335,334,336],"tags":[489,487,119,488,73,98,490],"class_list":{"0":"post-11862","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-division","8":"category-global-land-rigs","9":"category-international-land-rigs","10":"category-onshore-energy-services","11":"category-onshore-energy-services-reports","12":"category-reports","13":"category-research","14":"category-rigs-wells","15":"category-sectors","16":"category-solutions","17":"category-subsectors","18":"tag-drilling-activity","19":"tag-drilling-rig","20":"tag-land-rig","21":"tag-onshore","22":"tag-onshore-drilling","23":"tag-onshore-rig","24":"tag-rig-demandland-drilling-rig"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>World Land Drilling Rig Market Forecast 2021-2025 - Westwood<\/title>\n<meta name=\"description\" content=\"In this tenth edition of the \u2018World Land Drilling Rig Market Forecast\u2019 report, Westwood assesses the current landscape of the industry following such a catastrophic downturn and provides on the outlook future onshore rig demand.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.westwoodenergy.com\/reports\/rigs-wells\/world-land-drilling-rig-market-forecast-2021-2025\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Land Drilling Rig Market Forecast 2021-2025 - Westwood\" \/>\n<meta property=\"og:description\" content=\"In this tenth edition of the \u2018World Land Drilling Rig Market Forecast\u2019 report, Westwood assesses the current landscape of the industry following such a catastrophic downturn and provides on the outlook future onshore rig demand.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.westwoodenergy.com\/reports\/rigs-wells\/world-land-drilling-rig-market-forecast-2021-2025\" \/>\n<meta property=\"og:site_name\" content=\"Westwood\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-16T09:22:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-22T13:33:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.westwoodenergy.com\/wp-content\/uploads\/2021\/08\/Land-Rigs-2021-Web-Header-Image-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"731\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oliver Solly\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oliver Solly\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.westwoodenergy.com\/reports\/rigs-wells\/world-land-drilling-rig-market-forecast-2021-2025\",\"url\":\"https:\/\/www.westwoodenergy.com\/reports\/rigs-wells\/world-land-drilling-rig-market-forecast-2021-2025\",\"name\":\"World Land Drilling Rig Market Forecast 2021-2025 - Westwood\",\"isPartOf\":{\"@id\":\"https:\/\/www.westwoodenergy.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.westwoodenergy.com\/reports\/rigs-wells\/world-land-drilling-rig-market-forecast-2021-2025#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.westwoodenergy.com\/reports\/rigs-wells\/world-land-drilling-rig-market-forecast-2021-2025#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.westwoodenergy.com\/wp-content\/uploads\/2021\/08\/Land-Rigs-2021-Web-Header-Image-scaled.jpg\",\"datePublished\":\"2021-08-16T09:22:06+00:00\",\"dateModified\":\"2025-04-22T13:33:44+00:00\",\"author\":{\"@id\":\"https:\/\/www.westwoodenergy.com\/#\/schema\/person\/25106e618fd78071c4e90fd187d478b6\"},\"description\":\"In this tenth edition of the \u2018World Land Drilling Rig Market Forecast\u2019 report, Westwood assesses the current landscape of the industry following such a catastrophic downturn and provides on the outlook future onshore rig demand.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.westwoodenergy.com\/reports\/rigs-wells\/world-land-drilling-rig-market-forecast-2021-2025#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.westwoodenergy.com\/reports\/rigs-wells\/world-land-drilling-rig-market-forecast-2021-2025\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.westwoodenergy.com\/reports\/rigs-wells\/world-land-drilling-rig-market-forecast-2021-2025#primaryimage\",\"url\":\"https:\/\/www.westwoodenergy.com\/wp-content\/uploads\/2021\/08\/Land-Rigs-2021-Web-Header-Image-scaled.jpg\",\"contentUrl\":\"https:\/\/www.westwoodenergy.com\/wp-content\/uploads\/2021\/08\/Land-Rigs-2021-Web-Header-Image-scaled.jpg\",\"width\":2560,\"height\":731,\"caption\":\"Land Rigs 2021 Web Header Image\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.westwoodenergy.com\/reports\/rigs-wells\/world-land-drilling-rig-market-forecast-2021-2025#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.westwoodenergy.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"World Land Drilling Rig Market Forecast 2021-2025\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.westwoodenergy.com\/#website\",\"url\":\"https:\/\/www.westwoodenergy.com\/\",\"name\":\"Westwood\",\"description\":\"Westwood Global Energy Group\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.westwoodenergy.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.westwoodenergy.com\/#\/schema\/person\/25106e618fd78071c4e90fd187d478b6\",\"name\":\"Oliver Solly\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.westwoodenergy.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/22108f813070679c70eab42ab5c3c925dcf02729845a472865c6b1202143b0aa?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/22108f813070679c70eab42ab5c3c925dcf02729845a472865c6b1202143b0aa?s=96&d=mm&r=g\",\"caption\":\"Oliver Solly\"},\"url\":\"https:\/\/www.westwoodenergy.com\/author\/olliesolly\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"World Land Drilling Rig Market Forecast 2021-2025 - Westwood","description":"In this tenth edition of the \u2018World Land Drilling Rig Market Forecast\u2019 report, Westwood assesses the current landscape of the industry following such a catastrophic downturn and provides on the outlook future onshore rig demand.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.westwoodenergy.com\/reports\/rigs-wells\/world-land-drilling-rig-market-forecast-2021-2025","og_locale":"en_GB","og_type":"article","og_title":"World Land Drilling Rig Market Forecast 2021-2025 - Westwood","og_description":"In this tenth edition of the \u2018World Land Drilling Rig Market Forecast\u2019 report, Westwood assesses the current landscape of the industry following such a catastrophic downturn and provides on the outlook future onshore rig demand.","og_url":"https:\/\/www.westwoodenergy.com\/reports\/rigs-wells\/world-land-drilling-rig-market-forecast-2021-2025","og_site_name":"Westwood","article_published_time":"2021-08-16T09:22:06+00:00","article_modified_time":"2025-04-22T13:33:44+00:00","og_image":[{"width":2560,"height":731,"url":"https:\/\/www.westwoodenergy.com\/wp-content\/uploads\/2021\/08\/Land-Rigs-2021-Web-Header-Image-scaled.jpg","type":"image\/jpeg"}],"author":"Oliver Solly","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Oliver Solly","Estimated reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.westwoodenergy.com\/reports\/rigs-wells\/world-land-drilling-rig-market-forecast-2021-2025","url":"https:\/\/www.westwoodenergy.com\/reports\/rigs-wells\/world-land-drilling-rig-market-forecast-2021-2025","name":"World Land Drilling Rig Market Forecast 2021-2025 - Westwood","isPartOf":{"@id":"https:\/\/www.westwoodenergy.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.westwoodenergy.com\/reports\/rigs-wells\/world-land-drilling-rig-market-forecast-2021-2025#primaryimage"},"image":{"@id":"https:\/\/www.westwoodenergy.com\/reports\/rigs-wells\/world-land-drilling-rig-market-forecast-2021-2025#primaryimage"},"thumbnailUrl":"https:\/\/www.westwoodenergy.com\/wp-content\/uploads\/2021\/08\/Land-Rigs-2021-Web-Header-Image-scaled.jpg","datePublished":"2021-08-16T09:22:06+00:00","dateModified":"2025-04-22T13:33:44+00:00","author":{"@id":"https:\/\/www.westwoodenergy.com\/#\/schema\/person\/25106e618fd78071c4e90fd187d478b6"},"description":"In this tenth edition of the \u2018World Land Drilling Rig Market Forecast\u2019 report, Westwood assesses the current landscape of the industry following such a catastrophic downturn and provides on the outlook future onshore rig demand.","breadcrumb":{"@id":"https:\/\/www.westwoodenergy.com\/reports\/rigs-wells\/world-land-drilling-rig-market-forecast-2021-2025#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.westwoodenergy.com\/reports\/rigs-wells\/world-land-drilling-rig-market-forecast-2021-2025"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.westwoodenergy.com\/reports\/rigs-wells\/world-land-drilling-rig-market-forecast-2021-2025#primaryimage","url":"https:\/\/www.westwoodenergy.com\/wp-content\/uploads\/2021\/08\/Land-Rigs-2021-Web-Header-Image-scaled.jpg","contentUrl":"https:\/\/www.westwoodenergy.com\/wp-content\/uploads\/2021\/08\/Land-Rigs-2021-Web-Header-Image-scaled.jpg","width":2560,"height":731,"caption":"Land Rigs 2021 Web Header Image"},{"@type":"BreadcrumbList","@id":"https:\/\/www.westwoodenergy.com\/reports\/rigs-wells\/world-land-drilling-rig-market-forecast-2021-2025#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.westwoodenergy.com\/"},{"@type":"ListItem","position":2,"name":"World Land Drilling Rig Market Forecast 2021-2025"}]},{"@type":"WebSite","@id":"https:\/\/www.westwoodenergy.com\/#website","url":"https:\/\/www.westwoodenergy.com\/","name":"Westwood","description":"Westwood Global Energy Group","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.westwoodenergy.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/www.westwoodenergy.com\/#\/schema\/person\/25106e618fd78071c4e90fd187d478b6","name":"Oliver Solly","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.westwoodenergy.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/22108f813070679c70eab42ab5c3c925dcf02729845a472865c6b1202143b0aa?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22108f813070679c70eab42ab5c3c925dcf02729845a472865c6b1202143b0aa?s=96&d=mm&r=g","caption":"Oliver Solly"},"url":"https:\/\/www.westwoodenergy.com\/author\/olliesolly"}]}},"_links":{"self":[{"href":"https:\/\/www.westwoodenergy.com\/wp-json\/wp\/v2\/posts\/11862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.westwoodenergy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.westwoodenergy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.westwoodenergy.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.westwoodenergy.com\/wp-json\/wp\/v2\/comments?post=11862"}],"version-history":[{"count":0,"href":"https:\/\/www.westwoodenergy.com\/wp-json\/wp\/v2\/posts\/11862\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.westwoodenergy.com\/wp-json\/wp\/v2\/media\/11864"}],"wp:attachment":[{"href":"https:\/\/www.westwoodenergy.com\/wp-json\/wp\/v2\/media?parent=11862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.westwoodenergy.com\/wp-json\/wp\/v2\/categories?post=11862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.westwoodenergy.com\/wp-json\/wp\/v2\/tags?post=11862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}