Directional Drilling Market Top Key Vendors: Baker Hughes Incorporated, National Oilwell Varco, Weatherford International Plc. | Industry Trends and Forecast To 2023

Market Highlights:-

The directional drilling provides the solution for drilling of oil wells at multiple angles other than vertical angle and help reach better reserves of oil and gas. Despite the advancements in technology, directional drilling has been the prime area of interest for oil upstream players because of the applications involving this technique, which include drilling at more than one angles in the fields, recovering oil and gas from the untapped source.Furthermore, the process allows the drilling of multiple wells from the parent wellbore, which helps diminish the environmental impacts of drilling. With its advantages in both, onshore and offshore well drilling, directional drilling hold significance in oilfield service business.

Top Key Players:-

• Baker Hughes Incorporated
• National Oilwell Varco
• Weatherford International Plc.
• Schlumberger Ltd
• Halliburton Company
• Gyrodata Incorporated

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Market Segmentation:-

• Application
• Well type
• Services and region.

Based on services the market is segmented as:-

• Rotary steerable system
• Logging while drilling (LWD)
• Measurement while drilling (MWD)
• Motors.

Table Of Contents
1 Executive Summary
2 Market Introduction
3 Market Insights
4 Research Methodology
5 Market Dynamics

6 Global Directional Drilling Market, By Type

6.1 Overview
6.1.1 Horizontal Wells
6.1.1.1 Market Estimates & Forecast, 2018-2023
6.1.1.2 Market Estimates & Forecast By Region/Country, 2018-2023
6.1.2 Multilateral Wells
6.1.2.1 Market Estimates & Forecast, 2018-2023
6.1.2.2 Market Estimates & Forecast By Region/Country, 2018-2023
6.1.3 Extended Reach Wells
6.1.3.1 Market Estimates & Forecast, 2018-2023
6.1.3.2 Market Estimates & Forecast By Region/Country, 2018-2023
7 Global Directional Drilling Market, By Application

7.1 Overview

7.1.1 Onshore
7.1.1.1 Market Estimates & Forecast, 2018-2023
7.1.1.2 Market Estimates & Forecast By Region/Country, 2018-2023
7.1.2 Offshore
7.1.2.1 Market Estimates & Forecast, 2018-2023
7.1.2.2 Market Estimates & Forecast By Region/Country, 2018-2023

To be Continued.......

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Regional Analysis:-

The regions are observing a large number of oil exploration activities from Gulf of Mexico and North Sea, which will lead more drilling activities in these regions. Besides, the large number of mature oil wells from North Sea in Europe and Permian Basin and Bakken in North America are likely to demand new drilling activities thus, driving the directional drilling market. Africa and Middle East are also expected to witness significant growth over the forecast period due to the growing exploration activities coupled with increasing demand for fuel from growing nations.

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