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Directional Drilling Services

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Directional Drilling Services Market report categorizes global market By Type (Conventional, Rotary Steerable System), By Services (MWD & Survey, LWD, Motors, RSS, Others), By Technology (Wellbore Positioning, Side Tracking, Well Planning, Others),
Directional Drilling Services Market - Global Industry Insights,
Trends, Outlook, and Opportunity Analysis
Directional drilling refers to a process of drilling a well with a preferred deviation to reach the
target location. This type of drilling is done for placing the wellbore precisely to get maximum
recovery both on land and offshore regions. The main aim of this type of drilling is to cover
large areas by the use of the single rig. Maturing and aging onshore oilfields has paved
paths to increasing directional drilling in the onshore regions supported by offshore
exploration and production activities in deep and ultra-deep regions over the past few
decades. This is further backed by augmenting horizontal drilling services to maximize the
productivity of the oil and gas well.
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The increase in energy demand, urbanization, industrialization, increase in exploration,
production activities, and various other factors have led to the increase in demand and
growth for directional drilling services market. Declining prices of crude oil stand are the
major restraint in the directional drilling services market globally. Stringent government
regulations further hinder the growth of directional drilling services market.
The MWD and Survey is anticipated to be the dominant segment in the directional drilling
services market, owing to its application in controlling the trajectory of the well while drilling.
These techniques are anticipated to have wide use over the forecast period in North America
and Asia Pacific.
Onshore segment is the dominant segment of directional drilling services market, owing to
the maturing and aging onshore fields. However, offshore oilfield activities are witnessed to
be at the fastest growing pace due to development of new projects on deep and ultra-deep
waters in the last few decades.
Global Directional Drilling Services Market Outlook
North America region is witnessed to be the largest market in the directional drilling services,
owing to the shale gas revolution and increase in E&P in the Gulf of Mexico. Shale gas
exploration and production activities have taken major hike in the economies such as the
U.S. and Canada, which is immensely boosting the directional drilling services market in this
region. Advancement in technology namely long horizontal wellbores and other completion
techniques are fueling the growth of directional drilling market in this region. E&P activities
from oil sands and tight reservoirs in Canada have further boosted the directional drilling
services market in this region. Moreover, according to the U.S Energy Information
Administration, 77 percent of the wells in America were horizontal in 2015.
The Middle East region is anticipated to have a significant market in the directional drilling
services market, owing to the new discoveries in oilfield and augment in energy demand in
this region. Almansoori is one of the largest company that provides directional drilling
services providing 800 wells in this region.
Asia Pacific is witnessed to have a high growth rate in the directional drilling services market.
The growth of this region is driven by the increase in E&P activities in the emerging
economies such as China and India. Therefore, major players such as Africa and the Middle
East are looking for investment opportunities in this region.
The major companies in the global directional drilling services include Halliburton Company,
Weatherford International Plc., Schlumberger Limited, Nabors Industries Ltd., National
Oilwell Varco, Cathedral Energy Services Ltd., Baker Hughes Incorporated, General Electric
Oil & Gas, and Jindal Drilling & Industries Limited.
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Author
apeksha motghare
apeksha motghare235   documents Email
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