Multi Pad Drilling Market to witness a double-digit 15% CAGR over 2016-2024 | Major participants include Pioneer Natural Resources, Continental Resources, Earthstone Energy and Consol Energy
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Based on applications, onshore and offshore are the two types of drilling activities carried across the globe. The onshore multi pad drilling industry is anticipated to grow at an annual rate of 15% over 2016-2024. Obtainable conventional and unconventional resources are likely to offer huge untapped opportunities for projects development, which will favor the industrial expansion. Offshore multi pad drilling market will also observe high growth prospects, owing to intensive spending and resource abundance in these locations.
The global multi pad drilling industry comprises two pad sizes (
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