Managed pressure drilling market pdf

Managed Pressure Drilling Market Research Report- Forecast to 2023

Managed Pressure Drilling Global Market Size,

Revenue, Statistics and Forecast to 2023

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Copyright Š 2018 Market Research Future.

Managed Pressure Drilling Market Research Report- Forecast to 2023

1 Summary Managed Pressure drilling is an adaptive process in drilling that is used to precisely control the pressure in the wellbore. The main objective is to ascertain the downhole pressure environment limits and to achieve the annular hydraulic pressure, accordingly. This approach provides a closed loop that helps determine the pressure limits in wellbore. This technique helps to work within narrow operational window to identify formation tops through drill breaks, followed by fluid losses. This technique reduces ~45.0% of total time in drilling scheduling, and reduction in volume of fluid lost. The closed system prevents gasification at drill floor, creating safe working conditions.

Key Players: The major key player in global managed pressure drilling market are Baker Hughes (U.S.), National Oilwell Varco (U.S.), Halliburton (U.S.), Schlumberger (U.S.), Weatherford International (U.S.), and Ensign Energy Services (Canada). STRATA Energy Services Inc. (Canada), Enhanced Drilling (Norway), Petrolor Oilfield Services Co Ltd (China), Archer (Bermuda), Blade Energy Partners (U.S), and GE Oil & Gas (U.S.). They are highly capable to offer the finest service in the industry.

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Copyright Š 2018 Market Research Future.

Managed Pressure Drilling Market Research Report- Forecast to 2023

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Market Overview

Global increasing demand for energy has resulted in rapid increase in the offshore drilling activities to meet the increasing demand, which ultimately has provided significant boost to the Managed Pressure drilling market. Moreover, new oil reserve discoveries increase the drilling and exploration activities in coming years which upsurge the demand for the market. Additionally, increasing deepwater drilling activities in Africa and Latin America is also expected to boost the demand for managed pressure drilling services during the forecast period. However, environmental risks and strict government regulations for drilling as well as increasing focus on renewable energy may hinder the market growth of the market.

Segments

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Copyright Š 2018 Market Research Future.

Managed Pressure Drilling Market Research Report- Forecast to 2023

3 Market Research Analysis Africa is other major market for the Managed Pressure drilling. Increasing offshore discoveries in countries such as Nigeria, Angola, and Tanzania driving the growth of the market in the region. Asia Pacific and Europe are also an important market for the Managed Pressure drilling. Increasing demand for energy due to urbanization & industrialization from the countries such as India, China, and Indonesia among others driving the demand of the market in Asia Pacific region. The Europe Managed Pressure drilling market is expected to be dominated by countries such as U.K, Norway and Russia. The development of unconventional oil and gas exploration activities such as shale, is driving the market in the region. It is expected to contribute significantly during the forecast period.

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Copyright Š 2018 Market Research Future.

Managed Pressure Drilling Market Research Report- Forecast to 2023

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Copyright Š 2018 Market Research Future.