1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Oil and Gas Market Trends

Managed Pressure Drilling

  • May 2015
  • Frost & Sullivan
Report ID: 3275051

Summary

Table of Contents

Enabling Break Through Technology for Cost Effective and Safe Drilling

As oil and gas companies move to more unpredictable and complex offshore drilling environments, a focus is given on safety and creating a risk-free environment. Offshore drilling possesses hazards like kick, loss circulation, and sticking of pipe due to differential pressure, which can lead to pipe twisting. These can have a significant impact on non-productive drilling time. This analyses the importance of the managed pressure drilling (MPD) market for safe and cost-effective drilling. Key drivers and restraints are discussed along with their impact in the short term and long term. The MPD systems market size is based upon the number of key industry players. The base year for the study is 2014 with a forecast period from 2015 to 2020.

Executive Summary

- The offshore drilling capital expenditure (CAPEX) spent is expected to grow from an estimated $ billion in 2014 to $ billion by 2020 with a compound annual growth rate
(CAGR) of %.
- Despite this growth, conventional drilling includes hazards like influx of the drilling fluid due to the loss of circulation and the sticking of pipe due to differential pressure (which could lead to twisting of the pipe), these hazards accounts to % of the non-productive time (NPT).
- Managed pressure drilling (MPD) is an emerging drilling technology that can be a reactive and proactive method, which helps to control most of the drilling hazards by making minimum modification to the rig setup.
- Different types of MPD are:
o Constant Bottom Hole Pressure (CBHP)
o Mud Cap Drilling (MCD)
o Dual Gradient Drilling (DGD)
o Return Flow Control (RFC)
- MPD reduces almost % of the conventional drilling problems, thereby reducing the NPT and cost of drilling.
- Lack of expertise in MPD technique and high initial capital expenditure are two main reasons for sluggish growth in this market.
- The MPD service market is expected to grow at a CAGR of % and reach $ billion by 2020.
- Though demand for MPD is expected to increase globally, North America will be the largest contributor due to high CAPEX investment and R&D in new technology.
- China and Russia will be the biggest contributor for MPD service market, mainly due to cheap labor and a high level of technological innovation.
- CBHP is an MPD technique that controls or reduces the effect of circulating frictional losses thereby maintaining the bottom hole pressure within pore pressure and fracture
pressure.
- Pressurized mud cap drilling (PMCD) maintains the well bore pressure above the reservoir pressure by using heavier mud to prevent gas influx reaching the rig floor.
- In DGD, two different densities of fluids are used to control the well pressure, thereby reducing lost circulation.
- RFC acts as a safety valve and helps in maintaining safe working environment in the rig floor.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Amrita helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Refined Petroleum Product Markets in the World to 2021 - Market Size, Development, and Forecasts

  • $ 19804
  • Industry report
  • July 2017
  • by Global Research & Data Services

The report package Refined Petroleum Product Markets in the World to 2021 - Market Size, Development, and Forecasts offers the most up-to-date industry data on the actual market situation, and future outlook ...

Refined Petroleum Product Markets in Europe to 2021 - Market Size, Development, and Forecasts

  • $ 11425
  • Industry report
  • July 2017
  • by Global Research & Data Services

The report package Refined Petroleum Product Markets in Europe to 2021 - Market Size, Development, and Forecasts offers the most up-to-date industry data on the actual market situation, and future outlook ...

Refined Petroleum Product Markets in Asia to 2021 - Market Size, Development, and Forecasts

  • $ 8366
  • Industry report
  • July 2017
  • by Global Research & Data Services

The report package Refined Petroleum Product Markets in Asia to 2021 - Market Size, Development, and Forecasts offers the most up-to-date industry data on the actual market situation, and future outlook ...


Download Unlimited Documents from Trusted Public Sources

Crude Oil Supply in Australia

  • September 2017
    2 pages
  • Crude Oil  

  • Australia  

    Singapore  

View report >

Metals Forecast Statistics in the US and North Korea

  • September 2017
    4 pages
  • Copper  

    Gold  

    Non-Ferrous Met...  

  • United States  

    North Korea  

View report >

Zinc Supply in the US - Forecast

  • September 2017
    3 pages
  • Zinc  

    Oil  

  • United States  

    China  

    Peru  

View report >

Oil Trade In India

33 hours ago

ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.