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The Directional Drilling Services Market worth $29.11 Billion by 2019

The report “Directional Drilling Market by Applications (Onshore & Offshore), Services (Rotary Steerable Systems, LWD, MWD & Survey, Motors, Others), Types (Conventional & Rotary Steerable Systems), & Region - Global Forecast to 2019”, defines and segments the global directional drilling market with an analysis and forecast of the market size. The directional drilling market will grow from an estimated $16.71 billion in 2014 to $29.11 billion by 2019 at a CAGR of 11.7% from 2014 to 2019.

Browse 74 market data tables and 53 figures spread through 174 pages and in-depth TOC on “Directional Drilling Market - Global Forecast to 2019”

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Directional drilling

Directional drilling is a technique used in drilling non-vertical wells it can be completely horizontal, or at any specific angle. The demand for energy has been skyrocketing over the years, and many of the existing reservoirs are depleting with time driving the need for exploring new one. Many new reservoirs are situated in the offshore areas, which are challenging to drill conventionally because of complex geologic structures. Directional drilling plays a vital role in drilling these kinds of structures increasing the market opportunites for the technique.

North America & Asia-Pacific: Leading market for Directional Drilling services

North America is the leading region in the directional drilling market in 2013, closely followed by Asia-pacific. Significant investments are being made in countries like the U.S. and Canada. China, India, and other Asian countries are also gaining pace in the exploration of oil and gas from complex geological structures such as shale using directional drilling. Europe stood third in terms of market size in the total directional drilling market; it is followed by regions like South America, Africa and the Middle East.

Rotary Steerable Systems (RSS): Largest services market

Rotary Steerable System (RSS) occupies the lion’s share of the directional drilling market as it is a highly advanced technology. These systems have demonstrated the capability to provide more inclination control than steerable motors because of their ability to provide continuous orientation control. In terms of directional drilling types, rotary steerable types are gaining traction in the market at a decent rate as compared to conventional directional drilling. Consequently, in the near future, conventional directional drilling is expected to lose its market share to rotary steerable directional drilling.

Offshore Application:

Directional drilling is most frequently adopted in offshore applications. However, in the North American region, most of the directional wells are drilled onshore. As per the study, in the next five years, the onshore application is expected to gain additional share in the global market whereas the offshore application share is set to decline. However, the offshore application of directional drilling services is set to constitute a major part of the overall market which is due to the increase in the offshore drilling activity particularly in the deepwater and the ultradeep water regions. Meanwhile, the increase in onshore application will be largely due to the high prevalence of shale gas exploration and production throughout the world.

Schlumberger (U.S.), Weatherford (Ireland), Baker Hughes (U.S.), and Halliburton (U.S.), are the major players in the directional drilling market and constitute more than 70% of the total global market. The remaining market share is jointly held by the other companies operating in the market.

Most of the companies active in this industry rely heavily on growth strategies such as new products/services developments, agreements and contracts, mergers and acquisitions, and expansions in diversified geographic areas. The launch of new products and services allows these companies to cater effectively to customer requirements and to retain their position in the market.

The major directional drilling services include Rotary Steerable Systems (RSS), Logging While Drilling (LWD), Measurement While Drilling (MWD) and Survey, Motors, and others. Other services include well bore positioning, automated drilling systems, side tracking, well planning, hydraulics, and torque and drag analysis. RSS holds the largest market share in terms of services, followed by Measurement While Drilling and Survey (MWD) services.

The report classifies and defines the market size for the global directional drilling industry. It provides qualitative data about the directional drilling used in various applications. The report also contains a comprehensive review of major market drivers, restraints, opportunities, challenges, and key burning issues in the directional drilling market. Key players in the industry are profiled in detail with their recent developments.

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Scope of the Report:

The global directional drilling market is analyzed in terms of market size ($billion) for the aforesaid applications, services, types by regions.

  • By Geography
    • Asia-Pacific
    • North America
    • South America
    • Europe
    • Middle East
    • Africa
  • By Application
    • Onshore
    • Offshore
  • By Services
    • Rotary Steerable Systems (RSS)
    • Logging While Drilling (LWD)
    • Measurement While Drilling (MWD) & Survey
    • Motors
    • Others
  • By Types
    • Conventional
    • Rotary Steerable Systems

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