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Managed Pressure Drilling Services Market

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Managed Pressure Drilling Services Market report categorizes global By Technology (Mud Cap Drilling, Constant Bore Hole Pressure, Dual Gradient Drilling, Return Flow Control Drilling), and By Application (Onshore, Offshore) - Global Industry Insight
Managed Pressure Drilling Services Market - Global
Industry Insights, Trends, Outlook, and Opportunity
Analysis, 2018-2026
Managed pressure drilling (MPD) refers to a drilling technique that uses enclosed
and pressurized circulation system to provide precise wellbore control. Managed
pressure drilling does not manipulate the ‘window’ (fracture gradient and pore
pressure), rather helps the operator to remain in that window. MPD is applicable in
severe conditions, such as fluid loss, tight pore pressure, high-pressure,
high-temperature drilling, differential sticking, unknown pore pressure, and various
other conditions.
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The success of MPD is notified by the good extraction activities in the areas that are
recognized as uneconomical for production. The decline in the production rate and
increase in energy demand has giving tremendous speed to the managed pressure
drilling services globally. Development in technology coupled with MPD techniques
in horizontal drilling is expected to create new opportunities for the market players
involved in this industry over the forecast period. However, a large amount of drilling
fluid requirement with no surface return have restricted the growth of managed
pressure drilling services market.
Offshore segment is anticipated to have the fastest growth in the managed pressure
drilling services market over the forecast period, owing to the preference of this
technique in offshore basins rather than onshore. The growth of this segment is
further backed by the rise in exploration and production activities in the deep and
ultra-deep waters.
Global Managed Pressure Drilling Services Market Outlook
North America is witnessed to be the largest market of managed pressure drilling
services with the immense support and contribution of the U.S. accounting for the
highest share, which is backed by Canada with major development in the exploration
and production activities in tight oil and tar sands. The exploration and production
activities in Gulf of Mexico have given opportunities to the operators for using
managed pressure drilling services across the globe. In Kaikias deep sea oil filed
located in Gulf of Mexico, Royal Dutch Shell Company found 100 million barrels of oil
equivalent.
Africa is witnessed to be fastest growing region in the managed pressure drilling
services market majorly due to the discoveries in the offshore basins in the
economy, such as Mozambique, Angola, and Tanzania. Major players namely ENI
SPA, British Petroleum, and Royal Dutch Shell are fueling the growth of managed
pressure drilling services market in this region. In 2010, an estimated 85 trillion cubic
feet of gas was discovered in the Rovuma basin in Mozambique.
Middle East is projected to be the significant market in the managed pressure drilling
services, owing to the development of the offshore region in the Red Sea by
economies such as Qatar, Saudi Arabia, and UAE.
The key players operating in the managed pressure drilling services market include
Schlumberger Ltd., Halliburton, Baker Hughes, Weatherford International, Archer
Well Services, National Oilwell Varco, and Aker Solutions.
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Author
apeksha motghare
apeksha motghare527   documents Email
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