Managed Pressure Drilling Market Is Booming Worldwide 2023 By Key Players: National Oilwell Varco, Air Drilling Associates, Ensign Energy Services, Schlumberger, Halliburton, and Weatherford International

The market for managed pressure drilling is anticipated to expand at a 3.92% CAGR through the forecast period and is projected to achieve a revenue level of USD 4,750.1 million by 2023. As managed pressure drilling (MPD) can considerably decrease the possibility of drilling-related problems and help reduce non-productive time, the implementation of MPD technology has grown considerably. The escalated technical advancement pace prevalent in the MPD market is capable of providing benefits such as narrow pressure window while drilling, decreased number of casing, avoidance of kick loss, diminished nonproductive time, enhanced rate of penetration, accurately managed mud programs and timely identification of wellbore ballooning.

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The escalation in deep water and ultra-deepwater exploration & drilling operations spurred by developing economies and industrialization which are key factors improving the expansion of the market. The MPD activities have been evolving very swiftly in the offshore region due to the increased hydrocarbon exploration and the production operators who are focusing on increasing their production rate. The growing technical developments for high-pressure drilling and high-temperature (HPHT) wells which are spurred by casing buckling and rock collapse is also considered an important stimulus of market demand for managed pressure drilling.

Companies Covered

Air Drilling Associates, Inc., Schlumberger Limited, Weatherford International, Oilserv, Beyond Energy, AFGlobal, Nabors Industries Ltd., Halliburton Inc., Ensign Energy Services, Enhanced Drilling Services, National Oilwell Varco.

Industry Segmentation

For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for managed pressure drilling

By Technology

• Constant Bottom Hole Pressure
• Mud Cap Drilling
• Dual Gradient Drilling
• Return Flow Control Drilling

By Tool

• Rotating Control Device (RCD)
• Non-Return Valves (NRV)
• Choke Manifold Systems

By Application

• Onshore
• Offshore

By Region

• North America
• Europe
• Asia Pacific (APAC)
• The Middle East & Africa (MEA)
• Latin America

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LIST OF TABLES

Table 1 Market Synopsis

Table 2 List Of Assumptions

Table 3 Global Managed Pressure Drilling Market, By Technology, 2016 To 2023 (USD Million)

Table 4 Global Managed Pressure Drilling Market, By Tool, 2016 To 2023 (USD Million)

Table 5 Global Managed Pressure Drilling Market, By Application, 2016 To 2023 (USD Million)

Table 6 Global Managed Pressure Drilling Market, By Region, 2016 To 2023 (USD Million)

Table 7 North America Managed Pressure Drilling Market, By Country, 2016 To 2023 (USD Million)

Table 8 North America Managed Pressure Drilling Market, By Technology, 2016 To 2023 (USD Million)

Table 9 North America Managed Pressure Drilling Market, By Tool, 2016 To 2023 (USD Million)

Table 10 North America Managed Pressure Drilling Market, By Application, 2016 To 2023 (USD Million)

Table 11 Us: Managed Pressure Drilling Market, By Technology, 2016 To 2023 (USD Million)

Table 12 Us: Managed Pressure Drilling Market, By Tool, 2016 To 2023 (USD Million)

Continue……

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