openPR Logo
Press release

What's Driving the Multi Pad Drilling Market Size? Prominent Players: ExxonMobil, Devon Energy, Trinidad Drilling, Chevron, Nabors, Cairn India, Hess Corporation, Marathon Oil Corporation, Nostra terra Oil and Gas Company

05-21-2020 10:48 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Study Report LLC

What's Driving the Multi Pad Drilling Market Size? Prominent

The report involves insightful data on the main sectors of the Global Multi Pad Drilling Market. The report has segmented market, by its types and applications. Each segment has analyzed completely its production, consumption as well as revenue. Further, it is classified geographical areas which include: North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

Request a sample of this premium report: https://www.marketstudyreport.com/request-a-sample/289542/?utm_source=openpr&utm_medium=RV

Multi Pad Drilling Market size is set to exceed USD 180 billion by 2024, according to a new research report.

Shifting trend towards E&P in ultra-deep and deep water will stimulate the global multi pad drilling market share over the forecast period. Increasing number of depleting O&G field in onshore region may positively influence the offshore drilling.

Strict government regulation including section 112 of clean air act, to reduce air pollutant emission from oil and natural gas production facility will propel the multi pad drilling market. The technology ability to produce O&G at low cost and less time with lower environment risk may stimulate the industry growth. For instance, a 10-pad single rig, can save approx. 19 wells per year total time, on an average, a well with considerable depth, porosity and permeability, has the potential to drill 25,000 barrels a day, with the help of multi pad technology.

Rising crude oil demand along with increasing investment towards infrastructure sector will drive the multi pad drilling market size. The technology features to maximize production rate and improve sweep efficiency will propel the business growth. In 2016, daily crude oil demand reached from 95 million barrel in 2015 to 96.3 million barrel.

The 2015 onshore multi pad drilling market share was valued over USD 90 billion. Availability of unconventional and conventional resources will positively encourage the business growth. In 2016, China accounted for 5.19 TCM conventional gas and 130 BCM recoverable shale gas reserves. Continuous investment in onshore project may also stimulate the industry growth. Multi pad drilling market size from offshore is expected to witness moderate growth on account of intensive capital investment in offshore project.

The global revenue generated from < 6 pad size was valued over USD 50 billion in 2015.Its easy operability and economically beneficial utilization property will augment the industry from 2016 to 2024. Patterson-Uti has implemented over 80% of its 200 land fleet rigs are set to drill horizontally with multi pad technique.

Argentina accounted for over 40% of Latin America multi pad drilling market share in 2015. Increasing investment towards unconventional and conventional resource will positively influence the industry landscape. In 2016, Pan American Energy announced investment of over USD 1 billion in exploration and production of energy resources, the break-up will include USD 900 million in Golfo San Jorge, USD 300 million in Neuquen, USD 70 million in Tierra del Fuego.


U.S. multi pad drilling market share is predicted to witness strong growth on account of intensive capital investment towards exploration and production of shale gas. In 2017, Antero Resources Corporation announced a USD 1.3 billion investment for drilling and completion in Utica and Marcellus Shale.

Enquiry before Buying of this premium report: https://www.marketstudyreport.com/enquiry-before-buying/289542/?utm_source=openpr&utm_medium=RV

China multi pad drilling market share is set to witness growth over 12% by 2024 owing to growing adoption of cost effective and energy efficient drilling technologies. Huge untapped potential with over 5.19 tcm of conventional and 130 bcm recoverable shale gas reserve may further boost the business growth.

Russia multi pad drilling market size for 2015 was valued over USD 5 billion. Increasing investment towards gas field development will positively influence industry outlook. In 2016, DEA announced to invest over USD 11.64 billion to develop 18.2 BCM of natural gas from Davlin natural gas field.

Major participants include Earthstone Energy, Hess Corporation, Encana, Pioneer Natural Resources, ExxonMobil, Chevron, Cairn India, Nostra terra, Consol Energy, ExxonMobil, Nabors, Chesapeake Energy, Devon Energy, Marathon Oil Corporation, Trinidad Drilling and Continental Resources.

Multi Pad Drilling market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2014 to 2024, for the following segments:

Global Multi Pad Drilling Market, By Pad

6

< 6

Global Multi Pad Drilling Market, By Application

Onshore

Offshore

Highlights of the Report
o Identification and in-depth assessment of growth opportunities in key segments and regions
o Detailed company profiling of top players of the global Multi Pad Drilling market
o Exhaustive research on innovation and other trends of the global Multi Pad Drilling market
o Reliable industry value chain and supply chain analysis
o Comprehensive analysis of important growth drivers, restraints, challenges, and growth prospects

Table of Content:

Chapter One: Multi Pad Drilling Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Market Competition, by Players
Chapter Four: Market Size by Regions
Chapter Five: North America Revenue by Countries
Chapter Six: Europe Revenue by Countries
Chapter Seven: Asia-Pacific Revenue by Countries
Chapter Eight: South America Revenue by Countries
Chapter Nine: Middle East and Africa Revenue by Countries
Chapter Ten: Multi Pad Drilling Market Segmentation by Type
Chapter Eleven: Global Multi Pad Drilling Market Segmentation by Application

Contact Us:

Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog

About Us:

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release What's Driving the Multi Pad Drilling Market Size? Prominent Players: ExxonMobil, Devon Energy, Trinidad Drilling, Chevron, Nabors, Cairn India, Hess Corporation, Marathon Oil Corporation, Nostra terra Oil and Gas Company here

News-ID: 2054451 • Views: 145

More Releases from Market Study Report LLC

COVID-19 Detection Kits Market Size o witness substantial growth during 2020-202 …
The research report on ‘COVID-19 Detection Kits market’ scrutinizes the current industry scenario to predict market size, market share, and projects valuation for different segmentations of the industry over 2020-2026. It provides business intelligence regarding various factors driving the industry growth in consort with discussing the challenges faced by the industry, and the approaches followed by market players to counter their impact. COVID-19 Detection Kits Market size to grow with
What's driving the Small Satellite Market trends? Raytheon, Lockheed Martin, Nor …
Market Study Report LLC adds new research on Small Satellite market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Small Satellite market also includes an in-depth study of the industry competitive scenario. The global Small Satellite market is valued at 1340 million US$ in 2018
What's driving the Antibiotics Market trends? Sanofi, Novartis AG, Pfizer Inc., …
Market Study Report LLC has added a new report on Antibiotics market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Antibiotics market in tandem with its competitive terrain. The antibiotics was valued at US$ 43,348.38 million in 2019 and is
What's driving the Electrical House (E-House) Market trends? Schneider Electric, …
Market Study Report LLC has added a new report on Electrical House (E-House) market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Electrical House (E-House) market in tandem with its competitive terrain. Electrical House (E-House), also called Power House, is

All 5 Releases


More Releases for Multi

Designing multi-purpose vaccines
Scientists from the five year EU funded project MycoSynVac report their findings and successes at a final meeting in Brussels. The project drew on cutting edge biotechnology to explore three important GOALS: 1. TRANSFORM a living bacteria (Mycoplasma pneumoniae) into a vaccine chassis 2. APPLY this vaccine chassis against bacterial diseases in livestock animals, 3. CONTRIBUTE to the reduction of antibiotics administered to farm animals A well-rounded approach to science featuring
Expand Your Business with Opencart Multi-Vendor, Support Multi-Store
Purpletree multivendor marketplace is specially designed and developed for an online eCommerce business on Opencart. Our multi-vendor marketplace extension provides many facilities for Admin, Seller and customers like seller can manage his own products, orders, etc. In PurpleTree multi vendor marketplace, one more facility included that is Multi Store, so, first of all, you need to know about multi-store on the multi-vendor market place, In our Opencart multivendor admin,
Multi-Touch Screen Market
The global multi-touch screen market is expected to show a remarkable growth rate in coming years. Major factors contributing to the growth of the global multi-touch screen market include the growing number of electronic devices such as smartphones, tablets and others. Multi-touch screen is a set of interaction techniques which allow users to control graphical applications with several fingers. Multi-touch screens has become a fast evolving and growing technology, owing
Multi color themed apartment
Gagal Home & Astha Hospitality Service has always been committed to being the best in the business of hospitality. As their clientele base continues to grow and diversify, Gagal Home have further revolutionized their strategy by taking their mission of meeting the accommodation needs of clients a step further. Gagal Home and Astha Hospitality Services is pleased to announce the launch of a range Multi color Themed apartments, a new addition
Multi-Level Installation
Increased flexibility for installing Stauff ACT clamps thanks to the use of safety locking plates and stacking bolts Stauff ACT clamps are an innovatively designed solution for the installation of pipework in applications where efficient protection against corrosion is essential. The development of crevice corrosion on pipelines – a known and documented problem in the oil and gas industry – can be prevented long-term. This solution also generates enormous savings
Multi speciality clinic india
Cosh have all the recent advancements like arthroscopy, Pallitative care minimally invasive spine surgery and joint replacements which enable patients to recoup fast postperatively. We also believe on healthy working atmosphere and ecosystem. Orthopaedic hospital Chennai, Pallitative care, Spine Surgery. Cosh comprises skilled professionals with aptitude for treating patients with practical and scientific knowledge, and it have the arthoscopy clinic, cardio clinics, chest clinic, plastic surgery, diabetic clinics, obesity