Contemporary modernization is primarily driven by implementation of latest and robust technologies. Thus, in this growing age of industrialization, it is absolutely essential to sustain concurrent day energy requirements, in order to push the development further ahead. Therefore, energy sectors, such as oil and gas need to continuously evolve and adapt latest advancements so as to become more effective and efficient. Drilling operations is an integral part of explorationand production sector which thereby showcases the worth and necessity of drilling equipment market on the whole.

Drill pipe is cylindrical conduit (primarily made of steel or aluminum alloy) that is used in drilling operation and on drilling rigs. It is hollow in nature to allow fluids to flow through it and it is fitted with thread ends called tool joints. Connection of drill pipes is called drill string.It is assembled according to requirement (size and pressure). The main functions of drill pipes are:

  • It connects the bottom hole assembly and the drill bit to the surface rig equipment (Kelly-swivel or top-drive).
  • It is used to control the movement of bottomhole assembly and bit and to be able to raise, lower and rotate it.
  • Transmit and support axial loads
  • Guides and controls the trajectory of the bit
  • Transmit and support torsional loads
  • Transmit fluid under high pressure to clean the hole and lubricate the bit etc.

The exponential growth in exploration and production activities across the globe marks a substantial growth in Drill Pipe Market. The Market had an estimated worth of 977.808 million 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 service overview:

Drill pipe have a general pipe length of approximately 30 ft. Due to the specific nature of job performed by drill pipe, it needs to have some specific properties. The properties on which drill pipes are characterized are as follows.

  • Yield Strength: If a drill pipe is stretched, it initially goes through a stage of plastic deformation. The upper limit of this plastic deformation is called yield strength.
  • Tensile Strength: Application of stress beyond yield point, this will cause permanent deformation. The upper limit of the region of plastic deformation is called tensile strength. Further application of pressure will break the pipe.
  • Drill pipes ‘class’ defines the physical condition of drill pipe in terms of dimensions, surface damage, and corrosion. Furthermore, Paint bands on the drill pipe are present to indicate their class.
  • Torsional yield strength: It is defined as the resistance of the tube to failure by twisting torque or force.

Two drill pipes are connected by the help of basic shouldered connections. The connection is a tapered threaded ’screw jack’ which forms a seal and acts as a structural support. They are simple, rugged mechanical devices that perform several functions during drilling operations.

Along with the drill pipe various other equipments like drill collar, heavy weight drill pipe, stabilizers, reamers, directional drilling equipment etc. together incorporate to make the complete drill string.

Thorough and comprehensive analysis of drill pipes, its grades, types, properties along with technology and equipment incorporated in drill string is provided in the report.

The market is consistently driven mainly by tremendous increase in exploration and production activities across the globe, increasing in directional drilling, multiple wells from a single platform etc. As drill pipe is an absolute essential part of any well exploration and production activity, it has only some minor restraining factors. Lower oil prices will reduce the E&P activities and therefore, can affect the drill pipe market. But overall trends suggest that growing E&P activities, especially in offshore, marks a tremendous growth opportunity inwell drill pipe market in the coming years.

Comprehensive competitive analysis and profiles of major market players such as Weatherford International Ltd, National Oilwell Varco, Hilong Group, Vallourec S.A., Tenaris S.A. etc .is also provided in this report.

Kindly fill the details below to get the Table of Contents

By Location

  • Onshore
  • Offshore

By Type of Well

  • Conventional well
  • Directional well
  • Multilateral well
  • Others

By Technology and Equipment

  • Drill collar
  • Heavy weight drill pipe
  • Stabilizers
  • Reamers
  • Directional drilling equipment
  • Others

By Drill Pipe Class

  • Premium
  • Scrap
  • Others

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa
  • Market overview and forecasting covering Optimistic, Realistic and Pessimistic scenarios (2018-2028)
  • Analysis and study of various services provided by major players active in the Drill pipe market
  • Market segmentation based on Location, Type of Well, Technology and Equipment, Drill pipe Class & 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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