DIRECTIONAL DRILLING SOLUTIONS & SERVICES MARKET ANALYSIS
Directional Drilling Solutions & Services Market Report, by Solution (New Purchase and Rentals), by Services (Measurement-while-drilling (MWD) Services, Logging-while-drilling (LWD) Services, Rotary Steerable System (RSS) Services, Repair & Maintenance Services, and Consulting & Other Services), by Application (Onshore and Offshore), and by Region (North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026
Directional drilling or slant drilling is a method of drilling non-vertical drills. Directional drilling is used for various purposes including to increase the number of wells from a single location, increase access to remote surface locations, and others. Various types of directional drilling include, horizontal wells, multilateral wells, and extended reach wells.
The market in this report is studied across solutions, services, and applications. Across solutions, the market is further segmented into new purchase and rentals. Both sub-segments include, measurement-while-drilling (MWD) tools, logging-while-drilling (LWD) tools, Rotary steerable systems (RSS) tools, mud motors, and others. Services segment is further studied across MWD services, LWD services, RSS services, repair & maintenance, and consulting & other services.
Market Drivers: Increasing development of unconventional oil and gas resources is expected to boost the market growth over the forecast period
Advancement in directional drilling such as measurement while drilling (MWD) and downhole motor (DHM) technologies have led to development of unconventional oil and gas resources by improving access to the reservoir from surface locations and increasing reservoir contact. For instance, in April 2017, Toro launched a new horizontal directional drill operating system, which allows pipe handling functions to be performed using a single input on the joystick in the SmartTouch operating mode. Moreover, horizontal well offers greater wellbore contact with the reservoir than a vertical well. In a horizontal well, the length of reservoir contact is limited by the length of the lateral, which is determined by the mechanical ability to extend the drill bit along the lateral.
However, unconventional oil and gas development and operations release pollutants into the atmosphere that include methane, which can impact human health, ecological resources, as well as the Earth’s climate. Investments were made by the U.S. Department of Energy’s Office of Fossil Energy and the National Energy Technology Laboratory in 2017, which has led to substantial progress in measuring, modeling, and assessing these pollutants to mitigate emissions.
Key features of the study:
- This report provides in-depth analysis of directional drilling solutions & services market size (US$ Mn), and compound annual growth rate (CAGR %) for the forecast period (2018– 2026), considering 2017 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global directional drilling solutions & services market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, strategies, and future plans
- Companies covered as part of this study include, Schlumberger Limited, Halliburton Company, Downhole Drilling Services, LLC, Segofs Energy Services Limited, General Electric Company, KAMBI Enterprises Inc., Tolteq Group, LLC (National Oilwell Varco, Inc.), APS Technology, Inc., Shanghai Oilfield Equipment Co., Limited (SOECO), Beijing Geoshine Oilfield Technology Services Co., Ltd., Compass Directional Guidance, Inc., Scientific Drilling International, CBG Corp, China Oilfield Services Limited (COSL), Weatherford, Bench Tree, and Newsco International Energy Services Inc.
- Rental services providers included in the report are Hunting Energy Services Inc., Calmena Energy Services Inc., Oilwell Solutions, LLC, W-Technology Inc., Micro-Smart Systems Inc., MICROTESLA, Ranger Directional Rentals, WORLD HDD, KWIPPED, Inc., Beijing Hailan Science & Technology Development Co., Limited, Bench Tree (Rentals), Vertex Downhole (Rentals), Weatherford (Rentals), National Oilwell Varco, MWD Supply, Geoglide Australia Pty Ltd., Parker Drilling, and Nabors Industries Ltd.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
- The global directional drilling solutions & services market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global directional drilling solutions & services market
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Detailed Segmentation:
- Global Directional Drilling Solutions & Services Market, By Solution:
- New Purchase
- Measurement While Drilling (MWD) Tools
- Intelligent Pulser Gamma Module (IPGM)
- Directional Module
- Surface System
- Logging & Tracking Software
- Batteries
- Others
- Logging While Drilling (LWD) Tools
- Gamma Ray Tools
- Sonic Tools
- Calliper Tools
- Formation & Testing Tools
- Others
- Rotary Steerable System
- Mud Motors
- Others
- Rentals
- Measurement While Drilling (MWD) Tools
- Intelligent Pulser Gamma Module (IPGM)
- Directional Module
- Surface System
- Logging & Tracking Software
- Batteries
- Others
- Logging While Drilling (LWD) Tools
- Gamma Ray Tools
- Sonic Tools
- Calliper Tools
- Formation & Testing Tools
- Others
- Rotary Steerable System
- Mud Motors
- Others
- Global Directional Drilling Solutions & Services Market, By Services:
- MWD Services
- LWD Services
- Rotary Steerable System (RSS) Services
- Repair & Maintenance Services
- Consulting & Other Services
- Global Directional Drilling Solutions & Services Market, By Application:
- Onshore
- Offshore
- Global Directional Drilling Solutions & Services Market, By Region:
- North America
- By Solution:
- New Purchase
- Measurement While Drilling (MWD) Tools
- Logging While Drilling (LWD) Tools
- Rotary Steerable System
- Mud Motors
- Others
- Rentals
- Measurement While Drilling (MWD) Tools
- Logging While Drilling (LWD) Tools
- Rotary Steerable System
- Mud Motors
- Others
- By Services:
- MWD Services
- LWD Services
- Rotary Steerable System (RSS) Services
- Repair & Maintenance Services
- Consulting & Other Services
- By Application:
- Onshore
- Offshore
- By Country:
- U.S.
- Canada
- Europe
- By Solution:
- New Purchase
- Measurement While Drilling (MWD) Tools
- Logging While Drilling (LWD) Tools
- Rotary Steerable System
- Mud Motors
- Others
- Rentals
- Measurement While Drilling (MWD) Tools
- Logging While Drilling (LWD) Tools
- Rotary Steerable System
- Mud Motors
- Others
- By Services:
- MWD Services
- LWD Services
- Rotary Steerable System (RSS) Services
- Repair & Maintenance Services
- Consulting & Other Services
- By Application:
- Onshore
- Offshore
- By Country:
- UK
- France
- Italy
- Russia
- Spain
- Rest of Europe
- Asia Pacific
- By Solution:
- New Purchase
- Measurement While Drilling (MWD) Tools
- Logging While Drilling (LWD) Tools
- Rotary Steerable System
- Mud Motors
- Others
- Rentals
- Measurement While Drilling (MWD) Tools
- Logging While Drilling (LWD) Tools
- Rotary Steerable System
- Mud Motors
- Others
- By Services:
- MWD Services
- LWD Services
- Rotary Steerable System (RSS) Services
- Repair & Maintenance Services
- Consulting & Other Services
- By Application:
- Onshore
- Offshore
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- By Solution:
- New Purchase
- Measurement While Drilling (MWD) Tools
- Logging While Drilling (LWD) Tools
- Rotary Steerable System
- Mud Motors
- Others
- Rentals
- Measurement While Drilling (MWD) Tools
- Logging While Drilling (LWD) Tools
- Rotary Steerable System
- Mud Motors
- Others
- By Services:
- MWD Services
- LWD Services
- Rotary Steerable System (RSS) Services
- Repair & Maintenance Services
- Consulting & Other Services
- By Application:
- Onshore
- Offshore
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- By Solution:
- New Purchase
- Measurement While Drilling (MWD) Tools
- Logging While Drilling (LWD) Tools
- Rotary Steerable System
- Mud Motors
- Others
- Rentals
- Measurement While Drilling (MWD) Tools
- Logging While Drilling (LWD) Tools
- Rotary Steerable System
- Mud Motors
- Others
- By Services:
- MWD Services
- LWD Services
- Rotary Steerable System (RSS) Services
- Repair & Maintenance Services
- Consulting & Other Services
- By Application:
- Onshore
- Offshore
- By Country:
- GCC Country
- Iraq
- Rest of the Middle East
- Africa
- By Solution:
- New Purchase
- Measurement While Drilling (MWD) Tools
- Logging While Drilling (LWD) Tools
- Rotary Steerable System
- Mud Motors
- Others
- Rentals
- Measurement While Drilling (MWD) Tools
- Logging While Drilling (LWD) Tools
- Rotary Steerable System
- Mud Motors
- Others
- By Services:
- MWD Services
- LWD Services
- Rotary Steerable System (RSS) Services
- Repair & Maintenance Services
- Consulting & Other Services
- By Application:
- Onshore
- Offshore
- By Sub-region:
- South Africa
- Rest of Africa
- Company Profiles-Manufacturers
- Schlumberger Limited.*
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Halliburton Company
- Downhole Drilling Services, LLC
- Segofs Energy Services Limited
- General Electric Company
- KAMBI Enterprises Inc.
- Tolteq Group, LLC (National Oilwell Varco, Inc.)
- APS Technology, Inc.
- Shanghai Oilfield Equipment Co., Limited (SOECO)
- Beijing Geoshine Oilfield Technology Services Co., Ltd.
- Compass Directional Guidance, Inc.
- Scientific Drilling International
- CBG Corp
- China Oilfield Services Limited (COSL)
- Weatherford
- Bench Tree
- Newsco International Energy Services Inc.
- Company Profiles-Rental Services Providers
- Hunting Energy Services Inc.*
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Calmena Energy Services Inc.
- Oilwell Solutions, LLC
- W-Technology Inc.
- Micro-Smart Systems Inc.
- MICROTESLA
- Ranger Directional Rentals
- WORLD HDD
- Beijing Hailan Science & Technology Development Co., Limited
- Bench Tree
- Vertex Downhole
- Weatherford
- National Oilwell Varco
- MWD Supply
- Geoglide Australia Pty Ltd.
- Parker Drilling
- Nabors Industries Ltd.
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