Directional Drilling Services: Global Share, Product Development, Key Country Analysis and Forecasts

Rising demand for energy and new oilfield discoveries are driving the growth of the directional drilling services market. Increasing demand for crude oil across the globe is growing the oil and gas exploration, which raising demand for the directional drilling services market. Technological improvement and growing deep water and ultra-deep-water projects are also augmenting in the growth of the directional drilling services market.

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Growing demand for chemical and petrochemical products and increasing exploration and production activities are increasing demand for the drilling services, which propels the growth of the directional drilling services market. However, stringent government rules and regulation on oil and gas field development is the major restraint for the growth of the directional drilling services market. Ongoing shale gas developments, and increasing directional drilling activities across the globe are expected to grow the demand for directional drilling services market

MARKET SEGMENTATION

The global directional drilling services market is segmented on the basis of type, service, application. On the basis of type, the market is segmented as conventional, rotary steerable system. On the basis of service, the market is segmented as rotary steerable system (RSS), logging-while-drilling (LWD), measurement-while-drilling (MWD) and survey, motors (Mud Motors), others. On the basis of application, the market is segmented as onshore, offshore.

Key Manufactures in the global directional drilling services market covered:

- Baker Hughes (General Electric Company)

- Crescent Directional Drilling, LP

- Gyrodata

- Halliburton

- Jindal Drilling and Industries Limited (JDIL)

- Nabors Industries Ltd.

- National Energy Services Reunited Corp.

- National Oilwell Varco

- Schlumberger Limited

- Weatherford