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Managed Pressure Drilling Services Market by Technology  and by Region - Global Trends and Forecasts to 2021

Managed Pressure Drilling Services Market: Forecasts until 2021

  • April 2016
  • 140 pages
  • ID: 3793816
In this report:
Canada is one of the major oil & gas producers which accounted for nearly ##% of the global oil production in 2014 with ##.## mbp/d. Apart from this, Canada possesses the third largest oil reserves in the world after Saudi Arabia and Venezuela, equaling ## billion barrels.
Brazil was hoping to increase its oil production by ##,## bpd in 2015, and hit ##.## million barrels per day (mbpd).


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"The managed pressure drilling services market is anticipated to grow at a compound annual growth rate (CAGR) of 3.8% during the forecast horizon"

The overall managed pressure drilling services market is expected to be at ~$3.8B in 2016, and is projected to extend ~$4.6B by 2021, at a compound annual growth rate of 3.80 percent from 2016 to 2021. Managed pressure drilling services are primarily used to control wellbore pressure. The increasing energy demand along the maturing onshore oilfields is leading to the requirement for new oil & gas discoveries. Regions including Africa and Latin America area have emerged as attractive prospects for offshore E&P activities, due to their vast unexplored hydrocarbons reserves.

The offshore application of the managed pressure drilling services market is increasing at a quick pace

In terms of application, the offshore segment is forecasted to have the quickest market rise during the outlook period as managed pressure drilling is preferred in offshore more than onshore because of the high-cost associated with managed pressure drilling. The rise in offshore exploration & recent discoveries in countries including Angola, Nigeria, and Saudi Arabia (SA) and growth in deepwater & ultra deepwater explorations have also contributed to the rise of the market.

North America (NA) would continue to dominate the managed pressure drilling services market, but African continent would have the maximum growth rate by 2021

Towards the end of 2015, Royal Dutch Shell found 100 million barrels of oil equivalent buried at its Kaikias field in Gulf of Mexico. Offshore drilling activities in the Gulf of Mexico are one of the main reasons for North America continent being the most important user of managed pressure drilling services. Meanwhile, discovery of new oil & gas reserves in offshore Africa is one of the main reasons behind the increase of the African market, which is anticipated to grow at the maximal rate among all areas. The presence of international oil companies including Royal Dutch Shell, British Petroleum, and ENI SPA among others has brought in technical expertise into the territory. Countries including Angola, Nigeria, Tanzania, and Mozambique are believed to contain some of the biggest offshore reserves in the globe.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject matter experts, and C-suite executives of key industry players and industry consultants among other experts to obtain & verify critical qualitative & quantitate info as well as assess future industry prospects.

Distribution of primary interviews is like:

By Company Type: Tier 1 - 40.0 percent, Tier 2 - 30.0 percent, and 1/3 3 - 30.0 percent

By Designation: C-Level - 30.0 percent, Director Level - 20.0 percent, and Others* - 50.0 percent

By area: North america (NA) - 10.0 percent, Europe - 10.0 percent, Asia-Pacific - 70.0 percent, and Middle East & Africa - 10.0 percent

Note: *Others contain product managers, marketing managers, and sales managers.

The 1/3 of the companies, the tiers of the corporations has been defined on the basis of their final revenue, as of 2013: Tier 1 = >USD 5 billion, Tier 2 = $1.0B to $5.0B, and Tier 3 =

The market research has profiled leading market actors in the sector, together with their new developments and other strategic industry activities. Some of the main actors contain Schlumberger Limited. , Halliburton Company, Archer Well Services, Weatherford International, Baker Hughes Inc., Aker Solutions, Ensign Energy Services Inc., EDS Group, Strata Energy Services Inc., and Blade Energy Partners.

Why acquiring this study can help you:

From an insight prospect, this research has emphasized different review, market share research of top players, supply chain research, and company descriptions, which together comprise and examine the basic overviews on the competitive landscape; coming out and high-growth segments of the managed pressure drilling services market; high-growth areas; and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on galley equipment provided by the top actors in the overall managed pressure drilling services market

- Product improvement/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the managed pressure drilling services market

- Industry development: Highlighted information about profitable emerging sectors - the market research examines the managed pressure drilling services market across localities

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall managed pressure drilling services market

- Opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of the key players in the overall managed pressure drilling services market

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