Wired Drill Pipe Market Analysis of Growth Strategies Adopted by Major Players: Schlumberger Limited , The Halliburton Company, IntelliServ (NOV) , Baker Hughes

Global Wired Drill Pipe Market By Location, By Component Type, By Application (Data Collection, Managed Pressure Drilling, Wellbore integrity in Deep Ultra-Depleted Reservoirs) and By Region - Global Forecast To 2023

Market Highlights:-

Drill pipes are one of the most important component of these drilling activity. Wired drill pipes are an advancement to the traditional drill pipes as they transmit real time data about the drilling operations. As per the study conducted by Market Research Future, the global market for Wired Drill Pipes is likely to grow at the CAGR of around 3.2% during the forecasted period.

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Industry News

In July, 2017 – Maersk Drilling and National Oilwell Varco (NOV) recently collaborated on a project in the Norwegian North Sea in which wired drill pipe technology was installed and deployed on a jackup to improve the drilling process. The specific difficulties of the Norwegian fields was the major factor in implementing the technology in the region.

In January, 2018 – National Oilwell Varco, one of the major offshore services company, partnered with Statoil on their Barents Sea exploration drilling campaign in 2017 to prove that wired drill pipe was a viable technology, implement wired drill pipe as part of Statoil’s broader digitalization and automated drilling strategy, and increase drilling efficiency and safety in environment-sensitive wells.

Major Key Players of Wired Drill Pipe Market:-

• Schlumberger Limited
• The Halliburton Company
• IntelliServ (NOV)
• Baker Hughes
• Weatherford International PLC

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Wired Drill Pipe Market Segmentation:-

Wired Drill Pipe Market is segmented on the basis of location into onshore and offshore, to enable data recording and sensor reports for drill operations. The overall fast assessment of transmitted data results into lower downtime of rig and enables drilling time reduction by almost 3 days/well, which ultimately reduces the operational cost and increase the overall capital generated from the rig. All these factors constitute towards the growth of Wired Drill Pipe Market during the forecast period. However, high initial capital cost for setup and overall modification or replacement of the existing drill pipe will restrain the growth of Wired Drill Pipe Market.

Wired Drill Pipe Market Analysis:-

Wired Drill Pipe acts as a multifunctional tool for the current oil & gas rig operators, who utilizes them as to obtain real-time wellbore data which is transmitted at a bandwidth of 57,000 bits/second in a seismic or sonic waveforms. Also, the ability to regulator downhole tools with wired drill pipe is another significant feature. Using the Wired Drill Pipe System, control of tools such as rotary steerable systems, LWD (Logging While Drilling) formation testers and geosteering sensors will allow instantaneous control and ratification of commands, permitting exceptionally precise control of the system. All these factors majorly contributes to the overall operational efficiency of the rig system and thus, maximizing the capital generated from the exploration & production operation.

Major Points From Table Of Contents:-

1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations

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2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Wired Drill Pipe Market, By Location
4.1 Introduction
4.2 Onshore
4.3 Offshore
5 Global Wired Drill Pipe Market, By Component Type
5.1 Introduction
5.2 Telemetry
5.3 Electrical Conductors
5.4 Electrical Transmitters
5.5 Pressure Sensors
5.6 Others

Continued...............

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