The import and export of the various regions are demarcated along with the consumption and production of Directional Drilling Services in the different regions. The market share for the various regions is included. The data collected is accurate and ensures easier segmentation. This segmentation is useful as it categorizes the various factors that are used to measure the growth of the market according to the various regions. The global Directional Drilling Services Market 2023-2027 is divided into various market segments based on the locations that they are around the globe. If You Have Any Queries, You Can Ask Our Expert: īy Type: Conventional Rotary Steerable Systems (RSS) By Location: Onshore Offshore By Service: Measurement While Drilling (MWD) Logging While Drilling (LWD) Rotary Steerable System Mud Motors Others The heavy investment in oil and gas discoveries and exploration activities by major companies is predicted to escalate the market. The growing oil demand will simultaneously enhance the need for gas production and oil field operators, which, in turn, can aid the expansion of the market. Moreover, the offshore gas discovery of Stabroek block Tilapia, Yellowtail (oil), and Haimara (gas-condensate), along with Lang Lebah-1RDR2 exploration well will create lucrative opportunities for the market. For instance, discoveries such as Alpine high in West Texas, Alaska in U.S., gas discoveries in the Kara Sea off the northwestern part of West Siberia's Yamal Peninsula - Dinkov and Nyarmeyskoye,Golan Heights in Israel.
Increasing Offshore Discoveries to Augment GrowthThe expansion of reserves and oilfields coupled with ongoing exploration for oil will have a positive influence on the growth of the market during the forecast period.
The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. The readers in the section will understand how the Directional Drilling Services market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. Schlumberger (Texas, US), Baker Hughes (Texas, US), Halliburton (Texas, US), Weatherford (Texas, US), National Oilwell Varco (Texas, US), Nabors Industries (Hamilton, Bermuda), Leam Drilling Systems LLC (Louisiana, United States), Jindal Drilling and Industries Limited (Haryana, India), Gyrodata (Texas, United States), China Oilfield Services Limited (Beijing, China), Phoenix Technology Services (Calgary, Canada), Scientific Drilling (Texas, US), AlMansoori Specialized Engineering (Abu Dhabi, UAE), NewTech Services (Moscow, Russia), Integra (New Jersey, United States)ĬOVID-19 and Russia-Ukraine War Influence Analysis: The global directional drilling services market size was USD 10.38 billion in 2019 and is projected to reach USD 13.87 billion by 2027, exhibiting a CAGR of 9.3% during the forecast period.
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