United States Directional Drilling Services Market, Competition, Forecast & Opportunities, 2028F
Increasing investment in untapped oil and gas reservoirs, coupled with rising discoveries in the oil and gas sector, is set to propel the United States directional drilling services market in the forecast period.
As per the TechSci Research
report "United
States Directional Drilling Services Market - By Region, Competition
Forecast & Opportunities, 2028," robust growth is anticipated in
the United States directional drilling services market. Factors driving this
growth include the escalating demand for drilling operations within the
country.
Recent upticks in offshore
exploration and production (E&P) activities, driven by the increasing
number of maturing onshore oilfields, have contributed to market expansion.
While production from older wells declines, fresh discoveries, particularly in
regions like the Permian Basin, remain significant for crude oil production. To
meet growing demand, the oil and gas industry is delving into deeper locations
in search of resources.
Revamping of old fields and the
initiation of new offshore projects play a pivotal role in driving the
directional drilling services market in the United States. The bulk of the
anticipated increase in petroleum output is expected to stem from new oil wells
and Marcellus/Utica shale production.
https://www.techsciresearch.com/report/united-states-directional-drilling-services-market/4453.html
The United States Directional Drilling Services Market is categorized by type,
service, technology, application, and region. Types include Conventional and
Rotary Steerable Systems. Services encompass Logging-While-Drilling (LWD),
Measurement-While-Drilling (MWD), Survey, Motors (MUD Motors), and Others.
Technologies consist of Wellbore Positioning, Side Tracking, Well Planning, and
Others. Applications include Onshore and Offshore, while regions are segmented
into South, West, Midwest, and Northeast.
Conventional directional drilling
services, utilizing mud motors, specialized BHA components, and whipstocks, are
projected to dominate the market due to their cost-effectiveness, efficiency in
drilling low-angle wells, and simplicity. The Rotary Steerable Systems (RSS)
segment is suitable for both onshore and offshore wells, offering efficient
drilling even in complex formations.
Services like Measurement While
Drilling (MWD) and Logging While Drilling (LWD) are crucial for gathering
wellbore dimensions and data transfer, with an increasing focus on real-time
monitoring driving their growth. Rotary Steerable Systems (RSS) provide robust
directional drilling capabilities alongside enhanced power transmission to the
drilling bit.
In terms of location, the onshore
segment is expected to witness substantial growth due to its
cost-effectiveness, simplified drilling techniques, and abundant resource
availability. Recent discoveries of sizable conventional and unconventional
reservoirs further bolster demand. Meanwhile, investments in drilling
additional wells from single platforms are anticipated to propel growth in the
offshore segment.
Major market players in the United States Directional Drilling Services Market
are: -
- Schlumberger Ltd
- Weatherford International
- Halliburton Company
- Baker Hughes Company
- Gyrodata
- Leam Drilling Systems
- National Oilwell Varco
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"The United States Directional Drilling Services Market is poised for
growth in the coming years, driven by the vast reserves of low-permeability
shale formations containing significant amounts of oil, gas, and natural gas
liquids. Estimated to hold over 46 billion barrels of oil, 280 trillion cubic
feet of gas, and 20 billion barrels of natural gas liquids as of 2021, these
fields are expected to be increasingly explored and produced to meet rising
demand for oil and gas. These developments are anticipated to positively impact
the United States Directional Drilling Services Market in the near
future," stated Mr. Karan Chechi, Research Director at TechSci Research.
The report "United States
Directional Drilling Services Market By Type (Conventional, Rotary Steerable
System), By Service (Rotary Steerable System (RSS), Logging-While-Drilling
(LWD), Measurement-While-Drilling (MWD), Survey, Motors (MUD Motors), Others),
By Technology (Wellbore Positioning, Side Tracking, Well Planning, Others), By
Application (Onshore v/s Offshore), By Region, Competition, Forecast and
Opportunities, 2028" evaluates the market's future growth potential.
It provides comprehensive insights into market size, structure, and growth
prospects, aiming to offer cutting-edge market intelligence for informed
investment decisions. Additionally, the report identifies and analyzes emerging
trends, drivers, challenges, and opportunities in the United States Directional
Drilling Services Market.
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