Global Directional Drilling Services Market – Size, Share and Forecast (2019-2026)

SKU: DEU17 | Published On: 2019-04-09 | Available Formats

Directional Drilling Services Market

  • Directional drilling is a tool designed to drill directionally with continuous rotation from the surface, eliminating the need to slide a drilling motor.
  • Directional drilling services typically are deployed when drilling directional, horizontal, or extended-reach wells. State-of-the-art directional drilling services have minimal interaction with the borehole, thereby preserving borehole quality.
  • The most advanced services exert consistent side force similar to traditional stabilizers that rotate with the drill string or orient the bit in the desired direction while continuously rotating at the same number of rotations per minute as the drill rig.
  • The Global directional drilling services market was worth USD XX billion in 2018 and is forecasted to reach USD XX billion by 2026, at a CAGR of XX% during the forecast period 2019-2026.
  • Global Directional Drilling Services Market – Market Dynamics:

 

Directional Drilling Services Market Drivers

  • Directional drilling is widely carried out majorly in North American countries such as the US, Canada. Now Saudi Arabia is emerging in the Directional drilling Services market. This resulted in an increase in the production of oil and gas from unconventional reserves.
  • Depleting conventional oil reserves and rising energy demand from the emerging economies is leading to the growth in the Global Directional Drilling Services.
  • Rising adoption of directional drilling technologies for unconventional oil and gas production is also supporting the growth of the global directional drilling services market.

 

Directional Drilling Services Market Restraints

  • Directional drilling services have broader applications in hydraulic fracturing due to its extensive use in horizontal drilling. In the North American region, the US is a significant country where hydraulic fracturing is taking place at a large scale. There are also environmental concerns with the methane gas leaks and water pollution during fracking.
  • It is a potential threat to the entire process. At the same time, high fluctuations in the oil & gas prices globally are also restraining financial burden on these Directional Drilling providers in the market.
  • A gradual shift moving towards alternative fuels, more restrictions to curb down the emissions norms in the developed countries are also bolstering growth in these alternative energy sources like biofuel, and gas; thus renewable fuels would even slump down the increase in the Directional Drilling Market.

 

Directional Drilling Services Market Segment Analysis

  • Global directional drilling services market is segmented by the application in to onshore, and offshore.
  • Directional drilling is most frequently adopted in coastal applications.
  • This segment is majorly driven by a high number of mature fields in coastal regions, and the high presence of shale gas reserves leads to more exploration and production activity throughout the world.
  • Ease of mobility is high in coastal areas which allow multiple usages of directional drilling services and is expected to create new revenue sources for the directional drilling services market during the forecast period 2019-2026.

 

Global Directional Drilling Services Geographical Share

  • The directional drilling services market has been analyzed in the following regions, Asia-Pacific, North America, South America, Europe, the Middle East, and Africa. In Directional drilling services, North America is currently the largest market, and the Middle East is projected to grow at
  • the highest XX % CAGR during the forecast period 2019-2026. In 2016 U.S. accounted for the majority share in North America. Shale gas is an emerging new source of energy supply in the U.S. and Canada. Technological advancements in drilling (long-reach horizontal wellbores) and completion techniques (multi-stage hydraulic fracturing) are increasing the outlook for the supply of crude oil in North America.
  • There is a growing need for liquid fuels in the Americas, which in turn, is resulting in the need to increase crude oil production and the focus of the US government towards implementing strategies to expand offshore oil and gas production, will drive directional drilling services market growth in the Americas.

 

Competitive Trends

  • Global directional drilling services market appears to be fragmented, with the presence of several companies. Schlumberger and Weatherford are prominent players in the competitive Directional Drilling services market.
  • Factors such as the rising investments toward directional drilling and the consolidation of oil and gas companies will provide considerable growth opportunities to rotary steerable systems manufactures. Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger, and Weatherford are some of the major companies covered in this report.

 

Key Takeaways:

  • As the oil prices tentatively recovered from the 2014 crash, investments in the alternative renewable energy sources gained momentum, oil and gas companies need to innovate to stay competitive and keep the fuel flowing.
  • As time passed away our growing energy demand is still deriving the drilling projects; smarter equals faster. However, the industry is becoming more adaptive towards the integration of intelligence with automation through specialist providers.
  • In the initial phase, ‘smart drilling’ promises us to give oil and gas projects the solid footing needed to keep the energy industry running for decades to come.

 

Why Purchase the Report?

  • To identify the key drivers, restraints, and opportunity possessed by the global directional drilling market with in-depth analysis.
  • To gain detailed market insights with a forecasted market estimate in the global directional drilling market in terms of service type and location of deployment.
  • To identify the most abundant, fast growing, and significant regions during the forecast period with in-depth analysis.
  • Identify the latest developments, market shares and strategies employed by the major market players.

 

Target Audience:

  • Equipment Suppliers/ Buyers
  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

Global Directional Drilling Services Market

Section 1. Directional Drilling Services Market – Methodology and Scope

1.1 Research Methodology

1.2 Research Objective and Scope of the Report

Section 2. Directional Drilling Services Market – Industry Trends

Section 3. Directional Drilling Services Market Outlook

3.1 Market Snippet by Application

3.2 Market Snippet by Type

3.3 Market Snippet by Service

3.4 Market Snippet by Region

3.5 DataM CLO Scenario

Section 4. Directional Drilling Services Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunity

4.4 Impact Analysis

Section 5. Directional Drilling Services Market – Industry Analysis

5.1 Porter’s Five Forces Analysis

5.2 Regulatory Analysis

Section 6. Directional Drilling Services Market Segmentation Analysis – By Application

6.1 Onshore

6.2 Offshore

Section 7. Directional Drilling Services Market Segmentation Analysis – By Type

7.1 Conventional

7.2 Rotary Steerable System

Section 8. Directional Drilling Services Market Segmentation Analysis – By Service

8.1 Logging While Drilling (LWD)

8.2 Measurement While Drilling (MWD) & Survey

8.3 Rotary Steerable System (RSS)

8.4 Motors

8.5 Others

Section 9. Directional Drilling Services Market – Regional, Country-level Analysis

9.1 North America

9.1.1 U.S.

9.1.2 Canada

9.1.3 Mexico

9.2 Europe

9.2.1 Germany

9.2.2 U.K.

9.2.3 France

9.2.4 Italy

9.2.5 Spain

9.2.6 Rest of Europe

9.3 South America

9.3.1 Brazil

9.3.2 Argentina

9.3.3 Rest of South America

9.4 Asia Pacific

9.4.1 China

9.4.2 India

9.4.3 Japan

9.4.4 Australia

9.4.5 Rest of Asia Pacific

9.5 Middle East & Africa

9.5.1 Saudi Arabia

9.5.2 Kuwait

9.5.3 Nigeria

9.5.4 Mozambique

9.5.5 Rest of Middle East & Africa

9.6 Rest of the world

Section 10. Directional Drilling Services Market – Competitive Analysis

10.1 Competitive Scenario

10.2 Competitor Directional Drilling Services Strategy Analysis

10.3 Comparative Product Portfolio Analysis

10.4 Market Positioning/Share Analysis

10.5 Mergers and Acquisitions Analysis

Section 11. Directional Drilling Services Market – Company Profiles

11.1 Exxon-Mobil*

11.2 Chevron

11.3 Halliburton

11.4 Schlumberger

11.5 Weatherford

11.6 Baker Hughes

11.7 Royal Dutch Shell

11.8 BP Plc

11.9 China Oilfields Services

11.10 Transocean

Section 12. Global Directional Drilling Services Market – Premium Insights

Section 13. Global Directional Drilling Services Market – DataM

13.1 Appendix

13.2 About Us and Services

13.3 Contact Us

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