Global Directional Drilling Services Market is expected to reach $15.73 billion by 2027 growing a CAGR 6.3% during 2018 to 2027.

Wed Jan 8, 2020 - 9:00am GMT+0000

Some of the key players profiled in the Directional Drilling Services Market include Baker Hughes Incorporated, Halliburton Company, Schlumberger Limited, GE Oil & Gas, Nabors Industries Ltd., Gyrodata Incorporated, Scientific Drilling International, and Leam Drilling Systems, LLC.

Gaithersburg, Maryland, United States – January 8, 2020 /MarketersMedia/

Technological advancements in drilling technologies and increasing shale gas development are the major factors driving the market growth. However, declining oil spending due to low crude oil price and rising focus on renewable energy are restraining market growth.

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Directional drilling is a process of drilling a well with a chosen deviation to reach the target locality. This type of drilling is done for placing the wellbore precisely to get maximum recovery both on land and offshore regions. The main aim of this type of drilling is to cover large areas by the use of the single rig.

Based on the type, the rotary steerable system segment is likely to have a huge demand because it enables full three-dimensional directional drilling control to be performed while drilling with continuous drill string rotation from the surface.

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By geography, North America is going to have a lucrative growth during the forecast period due to technological advancements in drilling such as long-reach horizontal wellbores and completion techniques such as multi-stage hydraulic fracturing are increasing the implementation of these services.

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Types Covered:
• Rotary Steerable System
• Conventional

Services Covered:
• Measurement-While-Drilling (MWD) & Survey
• Logging-While-Drilling(LWD)
• Rotary Steerable System (RSS)
• Turbo-Drills
• Motors (MUD Motors)
• Other Services

Technologies Covered:
• Well Planning
• Wellbore Positioning
• Hydraulics
• Automated Drilling Systems
• Torque & Drag Analysis
• Side Tracking
• Other Technologies

Applications Covered:
• Offshore Applications
• Onshore Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

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Source URL: https://marketersmedia.com/global-directional-drilling-services-market-is-expected-to-reach-1573-billion-by-2027-growing-a-cagr-63-during-2018-to-2027/88941884

Source: MarketersMedia

Release ID: 88941884

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