Press release
Multi Pad Drilling Market Growth by key players like ExxonMobil, Devon Energy, Trinidad Drilling, Chevron, Nabors, Cairn India, Hess Corporation, Marathon Oil Corporation, Nostra terra Oil and Gas Company, Encana, Chesapeake Energy
Multi Pad Drilling Market
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Leading Key Players in Multi Pad Drilling Market are: ExxonMobil, Devon Energy, Trinidad Drilling, Chevron, Nabors, Cairn India, Hess Corporation, Marathon Oil Corporation, Nostra terra Oil and Gas Company, Encana, Chesapeake Energy, Pioneer Natural Resources, Continental Resources, Earthstone Energy, Consol Energy
Onshore accounted for over 90% of the multi pad drilling market in 2015. Abundant untapped O&G reserves coupled with ongoing exploration projects will propel the business growth. Offshore accounted for a substantial share owing to ease of accessibility in offshore reserves.
The < 6 drilling pad accounted for above USD 45 billion in 2015. Ease in operations and enhanced production will positively affect the multi pad drilling market. Increasing investments in the sector coupled with cost efficiency will also propel the >= 6 multi pad demand.
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Growth Drivers of Multi Pad Drilling Market:
o Increasing exploration and production of unconventional resource
o Cost effective technology
o Rising petroleum pad demand
Multi pad drilling market from China is anticipated to witness a growth of over 10% by 2024. Abundant accessibility of shale resources and adoption of energy efficient and cost effective technologies will boost demand of product. According to EIA, China accounted for 1,115 TCF shale in 2015 in Sichuan, tarim, songlia and junggar basins.
Multi pad drilling market from Russia is projected to grow above 10% from 2015 to 2024. Large availability of unconventional resources and increasing investments will drive product penetration in the country. In 2016, Roseneft signed contract with PT Pertamina to explore offshore areas of Okhotsk sea. Large offshore petroleum reserves coupled with favorable government regulations has opened avenues for the international companies to invest in Norway. In 2016, a consortium led by DEA invested USD 1.6 billion in Dvalin gas field project located offshore in Norwegian sea.
Table Of Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model & forecast
1.1.3 Industry insights and validation
1.1.4 Scope & assumptions
1.2 Data Sources
1.2.1 Primary
1.2.2 Secondary
Chapter 2 Executive Summary
2.1 Multi pad drilling industry 3600 synopsis, 2014 - 2024
2.1.1 Business trends
2.1.2 Pad trends
2.1.3 Application trends
2.1.6 Regional trends
Read More About Multi Pad Drilling Market https://www.globenewswire.com/news-release/2017/03/21/942613/0/en/Multi-Pad-Drilling-Market-worth-over-180bn-by-2024-Global-Market-Insights-Inc.html
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