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Global Managed Pressure Drilling Services Market: By Technology: Constant Bottom Hole Pressure, Dual Gradient Drilling, Mud Cap Drilling, Return Flow Control Drilling or HSE Method; By Application; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Managed Pressure Drilling Services Market Outlook
The global managed pressure drilling services market is anticipated to expand at a CAGR of 4.2% over the forecast period of 2022-2027. Deepwater and ultra-deepwater drilling are expected to increase the demand for managed pressure drilling services, especially in Africa, which will aid the industry growth over the forecast period.
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Properties and Applications
Managed pressure drilling is an adaptive drilling technique, used throughout a wellbore, to control the annular pressure profile accurately. It helps in determining the downhole pressure environment limits, based on which it manages the annular hydraulic pressure profile.
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The global managed pressure drilling services industry can be divided based on segments like technology and application.
The industry can be divided based on its technology as constant bottom hole pressure, dual gradient drilling, mud cap drilling, and return flow control drilling or HSE method.
The industry is broadly categorised based on its application into:
- Offshore
- Onshore
The EMR report looks into the regional managed pressure drilling services markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
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Market Analysis
The constant bottom hole pressure (CBHP) segment, among other technologies, is anticipated to have the largest market share during the forecast period, owing to its growing use in North America for drilling offshore wells. The growing preference towards CBHP technique is the result of its ability to provide improved well site safety by controlling the annular pressure while drilling. As managed pressure drilling is mainly used offshore, the increasing exploration activities in deepwater and ultra-deepwater regions, especially in Europe and Africa, where recent oil and gas discoveries have been offshore, the managed pressure drilling services industry is witnessing a steady growth. While North America is expected to be the largest market for pressure drilling services, the Middle East and Africa market is likely to witness the fastest growth rate during the forecast period.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global managed pressure drilling services market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Weatherford International Limited (OTCMKTS: WFTIQ)
- Halliburton Company
- Baker Hughes Inc.
- Schlumberger Limited
- National Oilwell Varco
- Archer Limited
- Aker Solutions ASA
- Ensign Energy Services Inc.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Technology, Application, Region |
| Breakup by Technology | Constant Bottom Hole Pressure, Dual Gradient Drilling, Mud Cap Drilling, Return Flow Control Drilling or HSE Method |
| Breakup by Application | Offshore, Onshore |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Weatherford International Limited (OTCMKTS: WFTIQ), Halliburton Company, Baker Hughes Inc., Schlumberger Limited (NYSE: SLB), National Oilwell Varco (NYSE: NOV), Archer Limited, Aker Solutions ASA (FRA: KY7), Ensign Energy Services Inc. (TSE: ESI), Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Key Questions Answered in the Market Report
- How has the global managed pressure drilling services market performed in the previous years (2017-2021)?
- What is the forecast assessment of the market for 2022-2027?
- What are the major drivers for the historical (2017-2021) and forecast (2022-2027) periods?
- What are the major constraints for the historical (2017-2021) and forecast (2022-2027) periods?
- What are the major demand indicators of the global market?
- What is the degree of competition in the global market?
- What are the major events and developments taking place within the industry globally?
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Managed Pressure Drilling Services Market Analysis
8.1 Key Industry Highlights
8.2 Global Managed Pressure Drilling Services Historical Market (2017-2021)
8.3 Global Managed Pressure Drilling Services Market Forecast (2022-2027)
8.4 Global Managed Pressure Drilling Services Market by Technology
8.4.1 Constant Bottom Hole Pressure
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Dual Gradient Drilling
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Mud Cap Drilling
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Return Flow Control Drilling or HSE Method
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.5 Global Managed Pressure Drilling Services Market by Application
8.5.1 Offshore
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Onshore
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.6 Global Managed Pressure Drilling Services Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Weatherford International Plc
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Halliburton Energy Services, Inc.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Baker Hughes Company
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Schlumberger Limited
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 NOV Inc.
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Archer Limited
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Aker Solutions
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Ensign Energy Services Inc.
11.2.8.1 Company Overview
11.2.8.2 Product Portfolio
11.2.8.3 Demographic Reach and Achievements
11.2.8.4 Certifications
11.2.9 Others
12 Industry Events and Developments
List of Figures and Tables
1. Global Managed Pressure Drilling Services Market: Key Industry Highlights, 2017 and 2027
2. Global Managed Pressure Drilling Services Historical Market: Breakup by Technology (USD Billion), 2017-2021
3. Global Managed Pressure Drilling Services Market Forecast: Breakup by Technology (USD Billion), 2022-2027
4. Global Managed Pressure Drilling Services Historical Market: Breakup by Application (USD Billion), 2017-2021
5. Global Managed Pressure Drilling Services Market Forecast: Breakup by Application (USD Billion), 2022-2027
6. Global Managed Pressure Drilling Services Historical Market: Breakup by Region (USD Billion), 2017-2021
7. Global Managed Pressure Drilling Services Market Forecast: Breakup by Region (USD Billion), 2022-2027
8. North America Managed Pressure Drilling Services Historical Market: Breakup by Country (USD Billion), 2017-2021
9. North America Managed Pressure Drilling Services Market Forecast: Breakup by Country (USD Billion), 2022-2027
10. Europe Managed Pressure Drilling Services Historical Market: Breakup by Country (USD Billion), 2017-2021
11. Europe Managed Pressure Drilling Services Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Asia Pacific Managed Pressure Drilling Services Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Asia Pacific Managed Pressure Drilling Services Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Latin America Managed Pressure Drilling Services Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Latin America Managed Pressure Drilling Services Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Middle East and Africa Managed Pressure Drilling Services Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Middle East and Africa Managed Pressure Drilling Services Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Global Managed Pressure Drilling Services Market Structure
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