Press release
Global Robotic Drilling Industry Report Top 5 Players
Robotic drilling is an automation system developed for drilling operations in the oil & gas industry. This system offers benefits to the oil & gas industry such as less drilling times, safer operations, mass production, multi-sensor measurements, high drilling capacity, and more predictability than human driven rigs. The robotic drilling is the best alternative to manual drilling. It can be integrated into new or existing onshore and offshore installation.
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By geography, the North America region is expected to have considerable market growth during the forecast period, owing to the rise in the shale gas production and the higher safety and efficiency norms provided by drilling contractors. Exploration in Gulf of Mexico is also on rise further complimenting the robotic drilling systems market in the region. According to the Canadian government report published in 2018, oil production from Canada is anticipated to reach 4.5 mmbpd by 2020, and production is expected to increase from an offshore well situated in the West Orphan Basin, offshore Newfoundland, and Labrador, which is estimated to hold 25.5 bbl of oil and 20.6 tcf of gas. As a result of higher oil prices and declining drilling cost, the offshore rig count and offshore oil production in the United States has increased significantly, indicating growing offshore drilling which is expected to be the major driver for the robotic drilling market in the country.
Some of the key players profiled in the Robotic Drilling Market include National Oilwell Varco, Inc., Weatherford International, Nabors Industries Ltd., Sekal AS, Drillmec Inc., Abraj Energy Services, Huisman Equipment B.V., Drillform Technical Services Ltd., Automated Rig Technologies Ltd., Ensign Energy Services Inc., Precision Drilling Corporation, and Rigarm Inc.
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