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ResearchMoz presents professional and in-depth study of “Global Directional Drilling Market Insights, Forecast to 2025”.
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Directional drilling is the practice of deviating the wellbore along a
planned path to a specific location (also known as target location). The target
location is predetermined and is at a given lateral distance and direction from
the vertical. Directional drilling is carried out as vertically as possible from
a given true vertical depth (TVD).
The increase in the number of deepwater
and ultra-deepwater drilling projects will be one of the major factors that will
have a positive impact on the growth of the market. The rise in the number of
drilling projects, the need for directional drilling services is certain to
increase due to a variety of applications provided by it for drilling or
production project. For instance, In January 2017, BP (British Petroleum)
started a major project, Thunder Horse South Expansion, in the Gulf of Mexico
almost a year before its scheduled time. Such projects will increase production
of crude oil production.
The market has the presence of a considerable number
of manufacturers and appears to be highly competitive. The manufacturers in the
market are investing in research and development to increase the drilling
performance. The level of competition among the players will intensify in the
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M&A.
In terms of geographic regions, the Americas will be the major
revenue contributor to the market among recent years. The increase in energy
demand in the US, Mexico, and Canada makes North America the second largest
consumer of crude oil across the globe. The support from the government of
various countries towards exploration and drilling activities will drive the
demand for directional drilling in this region.
The Directional Drilling
market was valued at xx Million US$ in 2018 and is projected to reach xx Million
US$ by 2025, at a CAGR of xx% during the forecast period. In this
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as the forecast period to estimate the market size for Directional Drilling.
This report presents the worldwide Directional Drilling market size (value,
production and consumption), splits the breakdown (data status 2014-2019 and
forecast to 2025), by manufacturers, region, type and application.
This study
also analyzes the market
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Forces Analysis.
The following manufacturers are covered in this report:
Baker
Hughes
Halliburton
Schlumberger
Weatherford
Cathedral Energy
Services
Directional Technologies
Ensco
Gyrodata
Jindal Drilling and
Industries
LEAM Drilling Systems
MOTIVE DRILLING TECHNOLOGIES
Nabors
Industries
National Oilwell Varco
Seadrill
SCIENTIFIC DRILLING
INTERNATIONAL
TRANSOCEAN
Directional Drilling Breakdown Data by
Type
Gas
Oil
e estimation of market size for value (million USD)
and volume (K Units). Both top-down and bottom-up approaches have been used to
estimate and validate the market size of Directional Drilling market, to
estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and
their market shares have been determined through primary and second The global
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