Managed Pressure Drilling Market Foreseen to Increase Exponentially by 2030 | Schlumberger Limited, Air Drilling Associates, Inc., Beyond Energy, Weatherford International
Research Reports
Jan 05, 2022
The estimation of market value from 2018 to 2023 will reach up to USD 4750.1 million, and the compound annual growth rate of managed pressure drilling market is expected to be 3.92 percent in the forecast period.
Market Analysis
Managed pressure drilling or MPD, simply put, is an adaptive method that is used for controlling the annular pressure across the wellbore. It offers a closed-loop circulation system where pore pressure, bottom hole pressure, and formation fracture pressure are balanced and managed at the surface. This offers an active approach to well control, hence improves primary well control, automatically react to influxes, and verify downhole obstacles in real-time.
Various factors are propelling the global MPD Market. According to the recent MRFR report, such factors include low operational cost, an increase in unconventional drilling activities, recovery of oil price, and increasing consumption of oil and gas.
On the contrary, growing adoption of renewable energy, volatility in prices of crude oil, risk related to drilling activities, and the on-going COVID-19 impact may deter the global managed pressure drilling market growth in the region.
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Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global managed pressure drilling market based on application, technology, and tool.
- By tool, the global managed pressure drilling market is segmented into choke manifold systems, non-return valves (NRV), and rotating control device (RCD).
- By technology, the global managed pressure drilling market is segmented into return flow control drilling, bottom hole pressure, dual gradient drilling, and constant mud cap drilling. Of these, the bottom hole pressure will lead the market over the forecast period.
- By application, the global managed pressure drilling market is segmented into offshore and onshore. Of these, the offshore segment will dominate the market over the forecast period.
List of Tables
- TABLE 1 MARKET SYNOPSIS 13
- TABLE 2 LIST OF ASSUMPTIONS 23
- TABLE 3 GLOBAL MANAGED PRESSURE DRILLING MARKET, BY TECHNOLOGY, 2016 TO 2023 (USD MILLION) 37
- TABLE 4 GLOBAL MANAGED PRESSURE DRILLING MARKET, BY TOOL, 2016 TO 2023 (USD MILLION) 40
- TABLE 5 GLOBAL MANAGED PRESSURE DRILLING MARKET, BY APPLICATION, 2016 TO 2023 (USD MILLION) 43
- TABLE 6 GLOBAL MANAGED PRESSURE DRILLING MARKET, BY REGION, 2016 TO 2023 (USD MILLION) 45
- TABLE 7 NORTH AMERICA MANAGED PRESSURE DRILLING MARKET, BY COUNTRY, 2016 TO 2023 (USD MILLION) 46
- TABLE 8 NORTH AMERICA MANAGED PRESSURE DRILLING MARKET, BY TECHNOLOGY, 2016 TO 2023 (USD MILLION) 47
- TABLE 9 NORTH AMERICA MANAGED PRESSURE DRILLING MARKET, BY TOOL, 2016 TO 2023 (USD MILLION) 47
- TABLE 10 NORTH AMERICA MANAGED PRESSURE DRILLING MARKET, BY APPLICATION, 2016 TO 2023 (USD MILLION) 47
Continued…
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Regional Analysis
By region, the global managed pressure drilling market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), & the Middles East and Africa (MEA). Among these, North America will lead the market over the forecast period. Increasing adoption of managed pressure drilling technology by companies to make drilling and exploration operations simpler and alleviation of risks associated with drilling operations, increasing use on different projects to boost production capacity and at the same time guarantee efficiency by concentrating explicitly on facets like rate of penetration and mud weight are adding to the global managed pressure drilling market growth in the region.
The global Managed Pressure Drilling Market Analysis in the APAC region is predicted to have healthy growth over the forecast period. Ample hydrocarbon resources in Indonesia, Gulf of Thailand, and Malaysia, enormous confirmed reserves, and the nonstop development of shale production in the south and central Asia are adding to the global managed pressure drilling market growth in the region.
The global managed pressure drilling market in Europe is predicted to have sound growth over the forecast period. The region being a hub for new discoveries in oil and gas sectors, incessant discoveries resulting in elevated competition among competitors, increasing rate of production with new technologies, development of favorable new policies that increase the capacity of production in Brazil are adding to the global managed pressure drilling market growth in the region.
The global managed pressure drilling market in the MEA is predicted to have steady growth over the forecast period.
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Key Players
Eminent players profiled in the global managed pressure drilling market report include
- Beyond Energy (US)
- AFGlobal (US)
- Nabors Industries Limited (Bermuda)
- Enhanced Drilling Services (Norway)
- Oilserv (UAE)
- Weatherford International (US)
- Halliburton Inc (US)
- Schlumberger Limited (US)
- Ensign Energy Services (Canada)
- Air Drilling Associates (US)
- National Oilwell Varco (US).
Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Definition 16
2.2 Scope Of The Study 16
2.3 Market Structure 17
2.4 Key Buying Criteria 17
3 Research Methodology
3.1 Research Process 19
3.2 Primary Research 20
3.3 Secondary Research 21
3.4 Market Size Estimation 21
3.5 Forecast Model 22
3.6 List Of Assumptions 23
Continued…
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