According to the new market research report "Managed Pressure Drilling Services Market by Technology (Constant Bottom Hole Pressure (CBHP), Dual Gradient Drilling (DGD), Mud Cap Drilling, Return Flow Control Drilling (RFCD), by Application (Onshore & Offshore) and by Geography - Global trends and forecasts to 2019" defines and segments the market with regional forecast and segment revenue estimates through to 2019.
Browse 71 market data tables and 50 figures spread through 150 pages and in-depth TOC on “Managed Pressure Drilling Services Market - Global trends and forecasts to 2019”
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Top market players from the industry segment have been studies in order to track developments, technologies and other key business strategies that define the protective relay market environment. The MPD services market will grow from an estimated $11.4 Billion in 2014 to $16.9 Billion by 2019 with a CAGR of 8.2% from 2014 to 2019.
North America: The largest market for Managed Pressure Drilling Services market
The North-America region holds the largest market for MPD services, driven largely by availability of huge capital and advanced technology required for MPD services. Also, the use of MPD with horizontal drilling, has helped to extract oil & gas from mature wells, increasing the market for MPD in the region.
Offshore MPD services: Biggest market by application
MPD was first applied in offshore wells to reach the target. MPD systems in marine risers below sea level provide a flexible solution that enhances drilling capabilities in difficult formations and improve safety and efficiency through early kick detection, riser gas handling. MPD also made drilling wells in difficult deepwater and high-pressure, high-temperature (HPHT) wells easier. As, there is very limited pre-drill information, and the potential for severe kick/loss conditions is very high in offshore drilling MPD is extensive used in offshore drilling by operators. This is a major driver of the offshore MPD services market.
To provide a deeper understanding of the competitive landscape, the report includes profiles of some of the major managed pressure drilling services players such as Halliburton (U.S.), MI-SWACO (U.S.), Weatherford International Ltd (Switzerland), and Baker Huges (Canada), etc
Market share analysis of the top companies has also been included in the report in terms of value in $billion. This has been broken down based on regions and further split into countries. For this study, the major market players have been identified through secondary and primary research activities. The market share analysis of these key players is arrived based on key facts, annual financial information, and interviews with key opinion leaders such as CEOs, directors, and marketing executives.Enquiry (Ask for Customized Report Matching Your Exact Requirement): http://www.marketsandmarkets.com/requestCustomization.asp?id=142692594
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