Global Directional Drilling Market 2017-2021

  • ID: 4400161
  • Report
  • Region: Global
  • 74 pages
  • TechNavio
OFF
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

1 of 5

FEATURED COMPANIES

  • Baker Hughes
  • Directional Technologies
  • Gyrodata
  • LEAM Drilling Systems
  • National Oilwell Varco
  • Seadrill
  • MORE
About Directional Drilling
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 analysts forecast the global directional drilling market to grow at a CAGR of 4.88% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global directional drilling market for 2017-2021. To calculate the market size, the report considers the services market.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Directional Drilling Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

Key vendors
  • Baker Hughes
  • Halliburton
  • Schlumberger
  • Weatherford
Other prominent vendors
  • 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
Market drivers
  • Rise in the development of unconventional oil and gas resources
  • For a full, detailed list, view the full report
Market challenges
  • Fluctuations in oil and gas prices
  • For a full, detailed list, view the full report
Market trends
  • Technological innovations
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Baker Hughes
  • Directional Technologies
  • Gyrodata
  • LEAM Drilling Systems
  • National Oilwell Varco
  • Seadrill
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by application
  • Global directional drilling market by application
  • Global onshore directional drilling market
  • Global offshore directional drilling market
PART 07: Geographical segmentation
  • Global directional drilling market by geography
  • Directional drilling market in the Americas
  • Directional drilling market in EMEA
  • Directional drilling market in APAC
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Market challenges
PART 10: Market trends
  • Technological innovations
  • Discovery of new oil fields
  • Introduction of laser drilling
PART 11: Vendor landscape
  • Competitive landscape
  • Other prominent vendors
PART 12: Key vendor analysis
  • Baker Hughes
  • Halliburton
  • Schlumberger
  • Weatherford
PART 13: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Global directional drilling market overview
Exhibit 02: Global directional drilling market 2016-2021 ($ billions)
Exhibit 03: Five forces analysis
Exhibit 04: Global directional drilling market by application 2016 and 2021 (%)
Exhibit 05: Global directional drilling market 2016-2021 ($ billions)
Exhibit 06: Global onshore directional drilling market 2016-2021 ($ billions)
Exhibit 07: Global offshore directional drilling market by 2016-2021 ($ billions)
Exhibit 08: Global directional drilling market by geography for 2016-2021 (%)
Exhibit 09: Global directional drilling market by geographical segmentation 2016-2021
Exhibit 10: Directional drilling market in the Americas 2016-2021 ($ billions)
Exhibit 11: Directional drilling market in EMEA 2016-2021 ($ billions)
Exhibit 12: Directional drilling market in APAC 2016-2021 ($ billions)
Exhibit 13: Global crude oil price 2012-2017 ($/bbl)
Exhibit 14: Baker Hughes: Directional drilling products and services
Exhibit 15: Recent developments
Exhibit 16: Halliburton: Directional drilling products and services
Exhibit 17: Recent developments
Exhibit 18: Schlumberger: Directional drilling product and services
Exhibit 19: Recent developments
Exhibit 20: Weatherford: Directional drilling products and services
Exhibit 21: Recent developments
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5

FEATURED COMPANIES

  • Baker Hughes
  • Directional Technologies
  • Gyrodata
  • LEAM Drilling Systems
  • National Oilwell Varco
  • Seadrill
  • MORE
New Report Released: – Global Directional Drilling Market 2017-2021

The author of the report recognizes the following companies as the key players in the global directional drilling market: Baker Hughes, Halliburton, Schlumberger, and Weatherford

Other Prominent Vendors in the market are: 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, and TRANSOCEAN.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Technological innovations. The exploration and production of oil and gas are rising in the offshore region. Drilling operations are expanding in deep and ultra-deepwater exploration where the environmental conditions are more challenging. Thus, it becomes crucial to use technology that aids in reaching the target zones and the scope for human error is reduced. For instance, the deployment of motive directional drilling guidance system in oil and gas exploration has pioneered the use of cognitive computing that guides directional drilling process.”

According to the report, one of the major drivers for this market is Rise in the development of unconventional oil and gas resources. Unconventional oil and gas resources such as shale oil, tight oil, and coal bed methane are not only costly to produce but are also difficult to recover. Operational efficiencies and technological advances have made unconventional resource exploitation feasible and more profitable. Shale gas boom in the US saw the rise in unconventionally produced natural gas supply. Huge discovery of oil sands in Canada has created a wealth of opportunity for oil production. As the world energy focus shifts toward natural gas and heavy oil, unconventional sources such as shale have seen growth.

Further, the report states that one of the major factors hindering the growth of this market is Fluctuations in oil and gas prices. A phase of low crude oil prices has been witnessed that has put additional pressure on oil and gas service providing companies. Most of the companies have experienced this phase of low revenue that directly affects the financial aspect of the company. However, integrated oil companies were still able to absorb most of the pressure as the revenue was generated from the downstream sector, but upstream companies have been affected the most by oil price volatility.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
5 of 5
  • 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
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
Adroll
adroll