Uploaded on Apr 14, 2021
Directional drilling refers to a process of drilling a well with a preferred deviation to reach the target location. 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.
Directional Drilling Services Market
Directional Drilling Services Market Development Trends, Threats, Future Outlook and
Challenges till 2026
Market Overview
Directional drilling refers to a process of drilling a well with a preferred deviation to reach the
target location. 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. Maturing and aging onshore oilfields has paved paths to
increasing directional drilling in the onshore regions supported by offshore exploration and
production activities in deep and ultra-deep regions over the past few decades. This is further
backed by augmenting horizontal drilling services to maximize the productivity of the oil and gas
well.
The increase in energy demand, urbanization, industrialization, increase in exploration, production
activities, and various other factors have led to an increase in demand and growth for the directional
drilling services market. Declining prices of crude oil stand are the major restraint in the directional
drilling services market globally. Stringent government regulations further hinder the growth of the
directional drilling services market.
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Market Dynamics
The MWD and Survey are anticipated to be the dominant segment in the directional drilling
services market, owing to its application in controlling the trajectory of the well while drilling.
These techniques are anticipated to have wide use over the forecast period in North America and the
Asia Pacific.
The onshore segment is the dominant segment of the directional drilling services market, owing to
the maturing and aging onshore fields. However, offshore oilfield activities are witnessed to be at
the fastest growing pace due to the development of new projects on deep and ultra-deep waters in
the last few decades.
Global Directional Drilling Services Market Taxonomy
On the basis type, the global directional drilling services market is segmented as:
•Conventional
•Rotary Steerable System (RSS)
On the basis of service, the global directional drilling services market is segmented as:
•Measurement While Drilling (MWD) and Survey
•Logging While Drilling (LWD)
•Turbo-Drills
•RSS
•Motors
•Others
On the basis of technology, the global directional drilling services include:
•Wellbore Positioning
•Side Tracking
•Automated Drilling Systems
•Well Planning
•Torque & Drag Analysis
•Others
The major companies in the global directional drilling services include Halliburton Company,
Weatherford International Plc., Schlumberger Limited, Nabors Industries Ltd., National Oilwell
Varco, Cathedral Energy Services Ltd., Baker Hughes Incorporated, General Electric Oil & Gas,
and Jindal Drilling & Industries Limited.
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