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    Managed Pressure Drilling Services Market Size, Share & Forecast.

    Managed Pressure Drilling Services Market Size, Share & Forecast.
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    Managed Pressure Drilling Services Market is likely to witness an impressive CAGR of 4.0% during the forecast period. The major factor contributing to the growth of the market is the growing need for safe & effective operational aspects along with optimized drilling processes of managed pressure drilling. Further, deepwater drilling in the regions of Latin America and Africa is estimated to strengthen the demand for managed pressure drilling services during the forecast period.

    Managed Pressure Drilling Services Market - Snapshot

    Growth

    4.0% for the next five years

    Major Technology Type

    Constant Bottom Hole Pressure

    Major Application Type

    Offshore

    Region with the highest demand

    North America

    Key Players

    Schlumberger Limited. (U.S.), Halliburton (U.S.), Archer Well

    Services (U.K.), Weatherford International (Ireland), and

    Baker Hughes (U.S.) among others.

     

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    Managed Pressure Drilling Services Market Share: By Technology Type

    Based on the technology type, the managed pressure drilling services market is segmented as constant bottom hole pressure, dual gradient drilling, mud cap drilling, and return flow control drilling. The constant bottom hole pressure segment, which is mainly preferred in North America for drilling offshore wells, is estimated to lead the market during the forecast period.

    Managed Pressure Drilling Services Market Share: By Application Type

    Based on the application type, the market is segmented as offshore and onshore. The offshore segment dominated the market in 2019, and is expected to register a faster growth during the forecast period. The growth is attributed to the increasing investments that are being made in subsea oil & gas activities. In addition, the escalating exploration activities in deep-water and ultra deep-water in Europe, on account of recent discoveries in offshore, are contributing to the growth of the managed drilling services market.

    Managed Pressure Drilling Services Market Share: By Region

    In terms of regions, North America is estimated to dominate the managed pressure drilling services market during the forecast period. The USA is likely to lead the North American market by capturing the maximum share. On the other hand, RoW is expected to grow at the fastest rate during the forecast period, owing to the recent discoveries shaping up in offshore in countries, such as Angola, Tanzania, and Mozambique.

    Some of the major players in the managed pressure drilling services market are Schlumberger Limited., Halliburton, Archer Well Services, Weatherford International, and Baker Hughes among a host of others.

     

    Market Scope & Segmentation

    Managed Pressure Drilling Services define the techniques employed to control the drilling pressure of the wellbore by using a closed and pressurized circulating system. The managed pressure drilling is a process that is used to curb the annular pressure while drilling the wellbore and allow the driller to adjust the rate of penetration and optimize mud weight.

    Managed Pressure Drilling Services is executed by limiting the flow conditions to maintain bottom-hole pressure according to a modeled pore pressure.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Managed Pressure Drilling Services Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The managed pressure drilling services market is segmented into the following categories. 

    Managed Pressure Drilling Services Market Size, Share, & Forecast, by Technology Type:

    • Constant Bottom Hole Pressure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Mud Cap Drilling (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Dual Gradient Drilling (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Return Flow Control Drilling (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Managed Pressure Drilling Services Market Size, Share, & Forecast, by Application Type:

    • Onshore (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Offshore (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Managed Pressure Drilling Services Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 800 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the technology types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    General Frequently Asked Questions (FAQs)

    What are Managed Pressure Drilling Services?

    Managed Pressure Drilling Services define the techniques employed to control the drilling pressure of the wellbore by using a closed and pressurized circulating system. The managed pressure drilling is a process that is used to curb the annular pressure while drilling the wellbore and allow the driller to adjust the rate of penetration and optimize mud weight. Managed Pressure Drilling Services is executed by limiting the flow conditions to maintain bottom-hole pressure according to a modeled pore pressure.

    What will be the CAGR of the Managed Pressure Drilling Services Market?

    Managed Pressure Drilling Services Market is likely to witness an impressive CAGR of 4.0% during the forecast period. The major factor contributing to the growth of the market is the growing need for safe & effective operational aspects along with optimized drilling processes of managed pressure drilling. Further, deepwater drilling in the regions of Latin America and Africa is estimated to strengthen the demand for managed pressure drilling services during the forecast period.

    Which country/region is expected to remain the largest Managed Pressure Drilling Services Market?

    In terms of regions, North America is estimated to dominate the managed pressure drilling services market during the forecast period. The USA is likely to lead the North American market by capturing the maximum share.

    Who are the key players in the Managed Pressure Drilling Services Market?

    Some of the major players in the managed pressure drilling services market are Schlumberger Limited., Halliburton, Archer Well Services, Weatherford International, and Baker Hughes among a host of others.

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