| Product Code: ETC7909715 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s drilling import shipments in 2024 saw the USA, Estonia, Sweden, Finland, and China emerge as top exporting countries. Despite the high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a significant decline with a compound annual growth rate (CAGR) of -22.34% from 2020 to 2024. Additionally, the growth rate plummeted by -65.73% from 2023 to 2024, signaling challenges and shifts within the market that importers and stakeholders need to navigate.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latvia Drilling Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Drilling Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Drilling Market - Industry Life Cycle |
3.4 Latvia Drilling Market - Porter's Five Forces |
3.5 Latvia Drilling Market Revenues & Volume Share, By Location of Deployment, 2021 & 2031F |
3.6 Latvia Drilling Market Revenues & Volume Share, By Reservoir Type, 2021 & 2031F |
4 Latvia Drilling Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for oil and gas exploration activities in Latvia |
4.2.2 Technological advancements in drilling equipment and techniques |
4.2.3 Government initiatives to promote energy independence and development of domestic resources |
4.3 Market Restraints |
4.3.1 Volatility in global oil prices affecting investment in drilling projects |
4.3.2 Environmental concerns and regulations impacting drilling operations |
4.3.3 Limited availability of skilled workforce in the drilling industry |
5 Latvia Drilling Market Trends |
6 Latvia Drilling Market, By Types |
6.1 Latvia Drilling Market, By Location of Deployment |
6.1.1 Overview and Analysis |
6.1.2 Latvia Drilling Market Revenues & Volume, By Location of Deployment, 2021- 2031F |
6.1.3 Latvia Drilling Market Revenues & Volume, By Onshore, 2021- 2031F |
6.1.4 Latvia Drilling Market Revenues & Volume, By Offshore, 2021- 2031F |
6.2 Latvia Drilling Market, By Reservoir Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Drilling Market Revenues & Volume, By Conventional, 2021- 2031F |
6.2.3 Latvia Drilling Market Revenues & Volume, By Unconventional, 2021- 2031F |
7 Latvia Drilling Market Import-Export Trade Statistics |
7.1 Latvia Drilling Market Export to Major Countries |
7.2 Latvia Drilling Market Imports from Major Countries |
8 Latvia Drilling Market Key Performance Indicators |
8.1 Average drilling depth per well in Latvia |
8.2 Number of new drilling projects initiated annually |
8.3 Utilization rate of drilling rigs in Latvia |
8.4 Exploration success rate in finding commercially viable reserves |
8.5 Investment in research and development of drilling technologies |
9 Latvia Drilling Market - Opportunity Assessment |
9.1 Latvia Drilling Market Opportunity Assessment, By Location of Deployment, 2021 & 2031F |
9.2 Latvia Drilling Market Opportunity Assessment, By Reservoir Type, 2021 & 2031F |
10 Latvia Drilling Market - Competitive Landscape |
10.1 Latvia Drilling Market Revenue Share, By Companies, 2024 |
10.2 Latvia Drilling Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |