Report

Drilling services Market: Development, Opportunities and Market Outlook (2016-26)

Oil and Gas industry is the backbone of contemporary industries and modernization as it is one of the major energy providers. The industry is itself very large in size and incorporates a nexus of technologies and sciences to produce hydrocarbon. Drilling is one of the important aspects of Oil and Gas exploration and production activities and is therefore essentially linked to the oil and gas industry to the core.

Oil well drilling can be defined as drilling a hole sub-surface in order to extract and produce natural hydrocarbon. Drilling services refers to all the processes and technologies implemented on the wellbore during the drilling operations. The services are not only limited to drilling the well, but also includes services like logging while drilling, casing, cementing, drilling waste management etc. that are carried on when the well is being drilled. A drilling service provider is a company which provides these services for the operator companies.

Many times, scenarios arise where conventional drilling methods and services are not very effective. Specialized tools and equipment are required to perform the tasks which would be otherwise very difficult or straight away impossible to perform. As oil and gas equipments are very capital intensive in nature, many companies (especially small or medium scale players) tend to outsource the job, thus calling in players who specialize in drilling services which analyze and provide the optimized solution to the problems. This necessitates the need of a drilling service provider companies in the market.

The tremendous growth in exploration and drilling activities across the globe marks a substantial growth in Drilling Services Market. The Market had an estimated worth of xx Billion dollars in 2016, and is growing at a steady rate of XX% every year. Our extensive and in-depth analysis concludes that the market is booming and suggests that it will eventually reach an approximated net worth of xx billion dollars by 2026.

Technology and services overview:

Service provider companies are usually the leaders in technological advancements as the market is very competitive in nature. Therefore, there is a pre-requisite need of research and development of newer technologies so as to reduce the cost of a project and provide competitive pricing along with efficient services. The services provided can primarily be classified on the following basis.

  1. Technology and equipment
  2. Consulting and analysis

Drilling lies at the core of any well exploration activity. Drilling services can primarily be classified into the following:

  • Onshore Drilling Services
  • Offshore Drilling Services

The various types of services and equipments that are provided by drilling services providers are as follows:

  • Wellhead Systems equipment and installation
  • Drilling Rig Services
  • Logging While Drilling and Measurement While Drilling Services
  • Drilling Equipment Sales & Rentals Services
  • Drill Bits and Drill string
  • Surface Logging Services
  • Drilling Fluid Solutions and Services
  • Waste management Services
  • Cementing Services
  • Drilling optimization etc.

The drilling services can also be categorized on the basis of technology implemented as the tools and equipment used will be in accordance to the method used. Some types of drilling services are:

  • Managed Pressure Drilling
  • Slim Hole Drilling
  • Laser Drilling Services
  • Plasma Drilling
  • Flame Jet Drilling
  • Reelwell Drilling
  • Horizontal and Extended reach Drilling etc.

Comprehensive analysis of drilling services along with technology, equipment, advancements and procedures etc. is provided in the report.

The primary driver of the market is the concurrent oil price which significantly drives the costs of services and equipments. The market is also driven by advancements in drilling operations scenario like exploitation of unconventional reservoirs, increasing competition with growing number of players, growing need of efficiency of process etc. However, as the oil and gas market is very volatile in terms of economics, lower oil prices significantly reduce application of costlier technologies and in order to curtail the investments, there may be significant shrinkage in outsourcing of drilling services. In addition, development of in-house technologies by operators also restricts the involvement of service providers. Moreover, reducing operational expenditures, developing cost effective and efficient technologies can increase the revenue generated by service providers and therefore can become an opportunity for the market on a whole along with steady oil prices.

Comprehensive competitive analysis and profiles of major market players such as Schlumberger, Baker Hughes, Gyrodata, Halliburton, Superior Drilling Products, and Weatherford International etc. is also provided in this report.

Kindly fill the details below to get the Table of Contents

By Location

  • Onshore Drilling Services
  • Offshore Drilling Services

By Service required

  • Wellhead Systems equipment and installation
  • Drilling Rig Services
  • Logging While Drilling and Measurement While Drilling Services
  • Drilling Equipment Sales & Rentals services
  • Drill Bits and Drill string
  • Surface Logging Services
  • Drilling Fluid Solutions and services
  • Waste management services
  • Cementing Services
  • Drilling optimization
  • Others

By Technology

  • Managed Pressure Drilling
  • Slim Hole Drilling
  • Laser Drilling Services
  • Plasma Drilling
  • Flame Jet Drilling
  • Reelwell Drilling
  • Horizontal and Extended reach Drilling
  • Others

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa
  • Market overview and forecasting covering Optimistic, Realistic and Pessimistic scenarios (2016-2026)
  • Analysis and study of various services provided by major players active in the Drilling services market
  • Market segmentation based on Location, Services required, Technology & Geography
  • Detailed coverage of technology and services involved
  • Technical comparative studies and case analysis
  • Competitive landscape with in depth analysis of the market players’ strategy
  • Infraline’s Techno Managerial edge covering SWOT, TOWS, Porter’s five forces and PESTLE analysis

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