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Directional Drilling Services Market Size

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The global directional drilling services market size is expected to reach USD 13.45 billion by 2025.
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Global Directional Drilling Services Market Size, Share, Growth,
Trends, Outlook and Forecast to 2025 | Hexa Research
“The global directional drilling services market size
was valued at USD 9.11 billion in 2017 and is
expected to grow further over the forecast period.”
25 October 2018 –
The global Directional Drilling Services Market size is expected to reach USD 13.45 billion by 2025. Increasing oil
and gas exploration activities owing to high demand for energy in light of growth in manufacturing sectors is
expected to drive the market over the forecast period. Technological advancements, which are attracting service
providers, are also likely to contribute to the market growth. For instance, Motive Drilling Technologies, Inc.
designed an automated decision-making through directional drilling bit guidance system and has applied it to 2
million feet drillings for various companies in North America. The system used provided better efficiency and
accuracy in lesser time.
The drilling operators are increasingly investing in research and development to deliver innovative software drilling
technologies in terms of instruments and software tools and services. NABORS has developed various drilling
software including Navigator Directional Platform, which improves directional drilling process through visualization,
tracking, and steering program. It provides data acquisition and supports modelling and visualization of the drilled
and planned well paths from remote operating centers, thereby improving operational safety and efficiency and
drilling performance. Thus, the advent of such systems is expected to have a positive impact on the directional
drilling services market over the forecast period.
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The directional drilling services have gain momentum over time owing to the unconventional reserves with more
complex well geometries. To enhance the rate of penetration in certain harder-to-reach reserves are driving the
demand for rotary steerable systems. Various benefits including longer laterals and greater intermediate reaches of
these systems have revolutionized the drilling process. The RSS technologies service segment accounted for about
USD 3.5 billion of the directional drilling market in 2012 and is expected to witness significant growth during the
next few years. The RSS technology enables the use of Logging While Drilling (LWD) to provide full borehole
images. This factor is also expected to drive the segment.
Owing to the precise directional control, the RSS technology has been widely used for various projects across the
globe, such as in water-injection wells in Abu Dhabi and Saudi Arabia. In terms of technology, Measurement-WhileDrilling (MWD) is expected to gain momentum over the forecast period owing to unique requirements from the
land-based drilling applications. This technology offers reliable and precise wellbore placement along with high
drilling efficiency, which is expected to be the key driving-factor for the segment. Moreover, technological
advancements in MWD are projected to drive the market directional drilling services. For instance, NABORS
AccuSteer MWD system provides various innovative features, such as near-bit continuous inclination, torque- and
bend-on-bit, resistivity weight, and azimuthal gamma.
Other innovations, such as features facilitating reduction in side tracks and solutions for geological challenges, are
also expected to drive the MWD segment, which in turn is expected to boost the demand for directional drilling
services. Offshore is expected to be the major application segment in near future owing to the exhaustion of
onshore sources. The oil and gas manufacturers have increased their spending to discover oil and gas resources in
offshore areas.
For instance, in August 2018, the Woodside Energy Ltd. discovered natural gas in offshore Myanmar with its Aung
Siddhi prospects. In the same year, Exxon Mobil Corp., stated a rise in resource estimation for offshore Guyana
owing to the discovery of recoverable resources. The above-mentioned trends in the oil and gas sector are
expected to drive the market further.
Hexa Research has segmented the directional drilling services market report based on system, technology,
application and region:Segmentation by System
• Conventional
• Rotary Steerable System (RSS) & Others
Segmentation by Technology
• LWD
• MWD & Survey
• RSS
• Motors
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Segmentation by Application
• Onshore
• Offshore
Segmentation by Region
• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa
Key Countries Market
• U.S.
• Canada
• Norway
• Russia
• U.K.
• China
• India
• Saudi Arabia
• UAE
• Qatar
• Algeria
• Iran
• Venezuela
• Brazil
Key Players Analyzed:
• Baker Hughes Incorporated
• Halliburton Company
• Weatherford International PLC
• Schlumberger Limited
• Scientific Drilling International
• GE Oil & Gas
• National Oilwell Varco, Inc.
• Nabors Industries Ltd.
• Jindal Drilling & Industries Limited
• Gyrodata Incorporated
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Table of Content of Directional Drilling Services Market
Chapter 1. Executive Summary
Chapter 2. Methodology and Scope
2.1. Research methodology
2.2. Assumptions
2.3. List of data sources
Chapter 3. Introduction
3.1. Research scope & market segmentation
Chapter 4. Directional Drilling Services Market Trends: Drivers & Opportunities
4.1. Key industry trends
4.1.1. Market drivers
4.1.2. Market restraints
4.2. Value chain analysis
4.3. Porter's Five Forces analysis
Chapter 5. Directional Drilling Services Market Trends, By System
5.1. Global directional drilling services market movement, by system, 2017 & 2025
5.1.1. Conventional
5.1.2. Rotary Steerable System (RSS) & Others
Chapter 6. Directional Drilling Services Market Trends, By Technology
6.1. Global directional drilling services market movement, by technology, 2017 & 2025
6.1.1. LWD
6.1.2. MWD & Survey
6.1.3. RSS
6.1.4. Motors
Chapter 7. Directional Drilling Services Market Trends, By Application
7.1. Global directional drilling services market movement, by application, 2017 & 2025
7.1.1. Onshore
7.1.2. Offshore
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Chapter 8. Directional Drilling Services Market Trends, By Region
8.1. Global directional drilling services market movement, by region, 2017 & 2025
8.1.1. North America
8.1.2. Europe
8.1.3. Asia-Pacific
8.1.4. Central & South America
8.1.5. Middle East & Africa
Chapter 9. Key Country Markets
9.1. U.S.
9.2. Canada
9.3. Norway
9.4. Russia
9.5. U.K.
9.6. China
9.7. India
9.8. Saudi Arabia
9.9. UAE
9.10. Qatar
9.11. Algeria
9.12. Iran
9.13. Venezuela
9.14. Brazil
Chapter 10. Competitive Landscape
10.1. Vendor landscape analysis
10.2. Strategic framework
10.3. Company profiles
10.3.1. Baker Hughes Incorporated
10.3.1.1. Company Overview
10.3.1.2. Financial Performance
10.3.1.3. Product Benchmarking
10.3.1.4. Strategic Initiatives
10.3.2. Halliburton Company
10.3.2.1. Company Overview
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10.3.2.2. Financial Performance
10.3.2.3. Product Benchmarking
10.3.2.4. Strategic Initiatives
10.3.3. Weatherford International PLC.
10.3.3.1. Company Overview
10.3.3.2. Financial Performance
10.3.3.3. Product Benchmarking
10.3.3.4. Strategic Initiatives
10.3.4. Schlumberger Limited
10.3.4.1. Company Overview
10.3.4.2. Financial Performance
10.3.4.3. Product Benchmarking
10.3.4.4. Strategic Initiatives
10.3.5. Scientific Drilling International
10.3.5.1. Company Overview
10.3.5.2. Financial Performance
10.3.5.3. Product Benchmarking
10.3.5.4. Strategic Initiatives
10.3.6. GE Oil & Gas
10.3.6.1. Company Overview
10.3.6.2. Financial Performance
10.3.6.3. Product Benchmarking
10.3.6.4. Strategic Initiatives
10.3.7. National Oilwell Varco, Inc.
10.3.7.1. Company Overview
10.3.7.2. Financial Performance
10.3.7.3. Product Benchmarking
10.3.7.4. Strategic Initiatives
10.3.8. Nabors Industries Ltd.
10.3.8.1. Company Overview
10.3.8.2. Financial Performance
10.3.8.3. Product Benchmarking
10.3.8.4. Strategic Initiatives
10.3.9. Jindal Drilling & Industries Limited
10.3.9.1. Company Overview
10.3.9.2. Financial Performance
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10.3.9.3. Product Benchmarking
10.3.9.4. Strategic Initiatives
10.3.10. Gyrodata Incorporated
10.3.10.1. Company Overview
10.3.10.2. Financial Performance
10.3.10.3. Product Benchmarking
10.3.10.4. Strategic Initiatives
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