openPR Logo
Press release

Multi Pad Drilling Market Industry Overview, Trends and Growth Opportunities Forecasted till 2026

05-08-2018 07:10 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research Reports Analysis

/ PR Agency: Transparency Market Research Reports Analysis
Multi Pad Drilling Market Industry Overview, Trends and Growth

Recent developments in drilling technology are leading toward high efficiency in oil and gas operations for oil and natural gas producers around the globe. Recently developed multi pad drilling technology is the latest addition in the game changing innovations in the oil & gas industry. Multi pad drilling allows rig operators to drill multiple wells from a single site with more efficiency and speed. Multi pad drilling rigs can be mobilized after completion of drilling to other planned drilling locations. This helps improve rig mobility and reduces the time taken to move the drilling rig from one location to the other. Multi pad drilling rigs also lower the overall surface footprint of a drilling company. The location at which the production wellheads are housed for horizontally and vertically drilled wells is known as a pad. Drilling operator can drill multiple wells from a single pad. This would save time and capital as compared to traditional drilling rig. Lot of time is taken to move a rig from one place to another under the traditional drilling method.

Read Report Overview @
https://www.transparencymarketresearch.com/multi-pad-drilling-market.html

Large capital is also required in “rigging up” and “rigging down” activities for conventional drilling rig. Under multi pad drilling, generally five to 10 wells are drilled close together at the surface oriented vertically or horizontally in different directions. After the completion of the drilling activity, the fully assembled rig is lifted and moved to the next well location. Multi pad drilling rigs use hydraulic skidding or walking system to move from one place to other. Multi pad drilling also allows producers to drill a significant area with minimal impact on the surface. Multi pad drilling also helps in concentrating the oil & gas production from multiple production wellheads. This enables oil producers to get unified production from multiple wells at reduced costs associated with above-ground field management and moving the produced oil or gas to the market.

Of late, the oil & gas industry has been experiencing major increase in multi pad drilling for vertical and horizontal wells owing to their high efficiency and cost reduction in drilling operations. Operator can drill multiple wells back to back in lesser time by using multi pad drilling rigs compared to conventional drilling rig. This saves capital for the operators in the current low-cost oil environment around the globe. Use of multi pad drilling would also help increase production due to the decrease in capital expenditure.

The multi pad drilling pad market can be segmented into number of pads and application. Multi pad drilling rigs usually have less than six drilling pads. Some of the complex drilling rigs may have more than six drilling pads. Equipment such as submersible pumps, production tubing, well head, and casings can be incorporated in a single multi pad drilling unit. Multi pad drilling can be applied to onshore and offshore oil & gas drilling operations. Offshore drilling operations entail high investments as compared to onshore drilling operations; hence, multi pad drilling is expected to save large capital in offshore operations.

Request to view Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=42755

Petroleum drilling entails high investments in onshore and offshore areas. This can be mitigated by multi pad drilling. Rise in demand for petroleum crude, low-cost oil & gas environment, and implementation of stringent environment regulations for oil & gas operations are expected to drive the market for multi pad drilling. Low price of crude oil and expensive technology are some of the restraints of the multi pad drilling market. North America is one of the dominant regions of the multi pad drilling market owing to its newly discovered vast shale oil & gas reserves and low-cost patented technologies. It is followed by Asia Pacific and Europe. Demand for crude oil in Asia Pacific is anticipated to increase in the near future owing to the rise in demand for refined petroleum products. This is anticipated to boost the market for multi pad drilling in the region.

Leading players in the multi pad drilling market include Devon Energy, Chevron Corporation, ExxonMobil, Cairn India, Continental Resources, Nostra Terra Oil & Gas, Consol Energy, and Earthstone Energy, Inc.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Multi Pad Drilling Market Industry Overview, Trends and Growth Opportunities Forecasted till 2026 here

News-ID: 1042240 • Views: 325

More Releases from Transparency Market Research Reports Analysis

Polysilicon Market Outlook, Competitive Landscape and Forecasts to 2025
Silicon is the second most abundant element found on the Earth. Polysilicon is a pure, stable, and crystalline form of silicon. It also called polycrystalline silicone and poly-Si. It offers properties similar to semiconductors. Polysilicon is employed in solar photovoltaic cells (PV) and electronics industries. It differs from monocrystalline silicon and amorphous silicon in terms of silicon structure. Monocrystalline polysilicon is used in microelectronic devices and is more efficient than
Photonics Sensor Market - Global Industry Analysis 2019
Photonic sensing technology integratestransmission,emission,amplification, deflection and detection of light by optical lasers, instruments and other light sources. It provides cheaper, smaller, faster and lighter components and devices with superior functionality and less energy consumption.Photonics started with the development of the laser and optical fibre for transmission of light beams Photonic sensors have been used in various industrial and laboratories for detecting physical, chemical and biological parameter.Photonic sensors is defined as
Concrete Block and Brick Manufacturing Market Report – key Players, Industry O …
The presence of several native companies and established players who operate globally has rendered the vendor landscape in the global concrete block and brick manufacturing market extremely fragmented. As per a new study by Transparency Market Research (TMR), India alone has nearly 100,000 brick kilns, which is indicative of the intense competition prevailing in the market. “As local companies etch diverse strategies to strengthen their hold, large companies are focusing
Excimer Laser Market: Industry Analysis And Detailed Profiles Of Top Industry Pl …
An excimer laser, also known as exciplex laser, is one of the form of ultraviolet laser which is has major applications in the production of microelectronic equipment and devices, eye surgery, semiconductor based integrated chips or circuits and micromachining. An excimer laser primarily consists of reactive gas, for instance chlorine or fluorine along with noble gas, for example, krypton, argon, xenon. The excimer laser market has been segmented into by

All 5 Releases


More Releases for Multi

Designing multi-purpose vaccines
Scientists from the five year EU funded project MycoSynVac report their findings and successes at a final meeting in Brussels. The project drew on cutting edge biotechnology to explore three important GOALS: 1. TRANSFORM a living bacteria (Mycoplasma pneumoniae) into a vaccine chassis 2. APPLY this vaccine chassis against bacterial diseases in livestock animals, 3. CONTRIBUTE to the reduction of antibiotics administered to farm animals A well-rounded approach to science featuring
Expand Your Business with Opencart Multi-Vendor, Support Multi-Store
Purpletree multivendor marketplace is specially designed and developed for an online eCommerce business on Opencart. Our multi-vendor marketplace extension provides many facilities for Admin, Seller and customers like seller can manage his own products, orders, etc. In PurpleTree multi vendor marketplace, one more facility included that is Multi Store, so, first of all, you need to know about multi-store on the multi-vendor market place, In our Opencart multivendor admin,
Multi-Touch Screen Market
The global multi-touch screen market is expected to show a remarkable growth rate in coming years. Major factors contributing to the growth of the global multi-touch screen market include the growing number of electronic devices such as smartphones, tablets and others. Multi-touch screen is a set of interaction techniques which allow users to control graphical applications with several fingers. Multi-touch screens has become a fast evolving and growing technology, owing
Multi color themed apartment
Gagal Home & Astha Hospitality Service has always been committed to being the best in the business of hospitality. As their clientele base continues to grow and diversify, Gagal Home have further revolutionized their strategy by taking their mission of meeting the accommodation needs of clients a step further. Gagal Home and Astha Hospitality Services is pleased to announce the launch of a range Multi color Themed apartments, a new addition
Multi-Level Installation
Increased flexibility for installing Stauff ACT clamps thanks to the use of safety locking plates and stacking bolts Stauff ACT clamps are an innovatively designed solution for the installation of pipework in applications where efficient protection against corrosion is essential. The development of crevice corrosion on pipelines – a known and documented problem in the oil and gas industry – can be prevented long-term. This solution also generates enormous savings
Multi speciality clinic india
Cosh have all the recent advancements like arthroscopy, Pallitative care minimally invasive spine surgery and joint replacements which enable patients to recoup fast postperatively. We also believe on healthy working atmosphere and ecosystem. Orthopaedic hospital Chennai, Pallitative care, Spine Surgery. Cosh comprises skilled professionals with aptitude for treating patients with practical and scientific knowledge, and it have the arthoscopy clinic, cardio clinics, chest clinic, plastic surgery, diabetic clinics, obesity