Managed Pressure drilling Market to 2021: Overview, Opportunities, In-Depth Analysis and Forecasts

Market Synopsis of Managed Pressure drilling
Market Scenario
MPD is commonly known as integrated method drilling is drilling with precisely controlled BHP to avoid influx, fluid loss or borehole instability. Pressure profile managed by addition of surface pressure or by change in hydrostatics or friction pressure. It is a special drilling system developed to overcome the excessive costs of non-productive time as a result of near vicinity within the fracture and pore pressures in both onshore and offshore drilling. MPD can be expressed generally as a technique for management of wellbore pressure. This techniques along with developed equipment has broad to constraint well kick, lost mud circulation, degree of difference pressure sticking and to bring reduction in addition of casings string needed to get the total depth. MPD eases the difficulties of great losses related in drilling fractured zone and karstic reservoir.

According to a recent study report published by the Market Research Future, Managed Pressure Drilling market is expected to witness a rapid growth, in terms of revenue generation. MPD market is predicted to grow in the future with a significant rate of CAGR; witnessing a significant growth crossing its previous growth records by the end of the forecasted period (2016 – 2021).

The ever increasing demand for energy and power has resulted in increasing exploration activities both onshore and offshore. Exploration has resulted in increasing drilling activities which is pushing the demand in the Managed Pressure drilling market. Increasing exploration activities in deep water and ultra-deep water will significantly contribute towards the growth and development of the Managed Pressure drilling market, states the MRFR Research Analyst while commenting upon this deep diving study report, presented through more than 100 market data tables and figures, widely spread over 120 pages.

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Key Players
Some of the key players in the managed pressure drilling market are
• Weatherford International (Ireland),
• Archer Well Services (U.K.),
• Schlumberger Limited (U.S.),
• Halliburton (U.S.)
• Baker Hughes (U.S.).

Managed Pressure Drilling Global Market – Synopsis & Scenario
Managed pressure drilling services are primarily used to control wellbore pressure. The growing energy demand coupled with the maturing onshore oilfields is generating the demand for new oil & gas discoveries. Additionally, the success of managed pressure drilling in fields that were earlier considered uneconomical to drill would provide an impetus to the managed pressure drilling market

Managed pressure drilling is preferred more in offshore when compared with onshore due to the high-cost associated with managed pressure drilling. The offshore application of the managed pressure drilling market is growing at a rapid pace. This growth is attributed by the augmented offshore exploration and recent discoveries in countries like Saudi Arabia, Angola and Nigeria to name a few have also contributed to the growth of the market.

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Managed Pressure Drilling Market – Regional Analysis
North America is expected to dominate the Managed Pressure Drilling market mainly due to significant exploration onshore and offshore, undertaken in this region. Increasing demand for budget drilling techniques is expected to increase the demand in the Managed Pressure Drilling market. Technological advancements along with deployment of advanced drilling techniques in complex formations such as tar sands, tight oil, etc. in the U.S. and Canada are key factors for high industry penetration in the region.
Regions such as Africa and Latin America have emerged as attractive prospects for offshore E&P activities, due to their vast unexplored hydrocarbons reserves

Managed Pressure Drilling Global Market – Segments
The Managed Pressure Drilling Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation On the basis of Technology : Comprises Mudcap Drilling, Constant Bottom Hole Pressure and Return Flow control Drilling.
Segmentation On the basis of Well Type: Comprises Land and Offshore.
Segmentation On the basis of Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
The offshore segment is expected to have the fastest market growth during the forecast period

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