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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 (2016-2026); 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 2021-2026. 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.
Key Questions Answered in the Market Report
- How has the global managed pressure drilling services market performed in the previous years (2016-2020)?
- What is the forecast assessment of the market for 2021-2026?
- What are the major drivers for the historical (2016-2020) and forecast (2021-2026) periods?
- What are the major constraints for the historical (2016-2020) and forecast (2021-2026) 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
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Assumptions
2.5 Market Models
3 Introduction
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Managed Pressure Drilling Services Market Analysis
6.1 Global Managed Pressure Drilling Services Historical Market (2016-2020) & Forecast (2021-2026)
6.2 Global Managed Pressure Drilling Services Market Breakup by Technology
6.2.1 Constant Bottom Hole Pressure
6.2.2 Dual Gradient Drilling
6.2.3 Mud Cap Drilling
6.2.4 Return Flow Control Drilling or HSE Method
6.3 Global Managed Pressure Drilling Services Market Breakup by Technology: Historical Market (2016-2020) & Forecast (2021-2026)
6.3.1 Constant Bottom Hole Pressure
6.3.2 Dual Gradient Drilling
6.3.3 Mud Cap Drilling
6.3.4 Return Flow Control Drilling or HSE Method
6.4 Global Managed Pressure Drilling Services Market Breakup by Application
6.4.1 Offshore
6.4.2 Onshore
6.5 Global Managed Pressure Drilling Services Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
6.5.1 Offshore
6.5.2 Onshore
6.6 Global Managed Pressure Drilling Services Market by Region
6.6.1 North America
6.6.1.1 United States of America
6.6.1.2 Canada
6.6.2 Europe
6.6.2.1 Germany
6.6.2.2 United Kingdom
6.6.2.3 France
6.6.2.4 Italy
6.6.2.5 Others
6.6.3 Asia Pacific
6.6.3.1 China
6.6.3.2 Japan
6.6.3.3 India
6.6.3.4 ASEAN
6.6.3.5 Others
6.6.4 Latin America
6.6.4.1 Brazil
6.6.4.2 Argentina
6.6.4.3 Mexico
6.6.4.4 Others
6.6.5 Middle East & Africa
6.6.5.1 Saudi Arabia
6.6.5.2 United Arab Emirates
6.6.5.3 Nigeria
6.6.5.4 South Africa
6.6.5.5 Others
6.7 Global Managed Pressure Drilling Services Market by Region: Historical Market (2016-2020) & Forecast (2021-2026)
6.7.1 North America
6.7.1.1 United States of America
6.7.1.2 Canada
6.7.2 Europe
6.7.2.1 Germany
6.7.2.2 United Kingdom
6.7.2.3 France
6.7.2.4 Italy
6.7.2.5 Others
6.7.3 Asia Pacific
6.7.3.1 China
6.7.3.2 Japan
6.7.3.3 India
6.7.3.4 ASEAN
6.7.3.5 Others
6.7.4 Latin America
6.7.4.1 Brazil
6.7.4.2 Argentina
6.7.4.3 Mexico
6.7.4.4 Others
6.7.5 Middle East & Africa
6.7.5.1 Saudi Arabia
6.7.5.2 United Arab Emirates
6.7.5.3 Nigeria
6.7.5.4 South Africa
6.7.5.5 Others
7 SWOT Analysis
7.1 Overview
7.2 Strengths
7.3 Weaknesses
7.4 Opportunities
7.5 Threats
8 Porter’s Five Forces Analysis
8.1 Overview
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
8.6 Substitutes
9 Competitive Landscape & Supplier Analysis
9.1 Weatherford International Limited (OTCMKTS: WFTIQ)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.2 Halliburton Company
9.2.1 Company Overview
9.2.2 Financial Analysis
9.3 Baker Hughes Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.4 Schlumberger Limited (NYSE: SLB)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.5 National Oilwell Varco (NYSE: NOV)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.6 Archer Limited
9.6.1 Company Overview
9.6.2 Financial Analysis
9.7 Aker Solutions ASA (FRA: KY7)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.8 Ensign Energy Services Inc. (TSE: ESI)
9.8.1 Company Overview
9.8.2 Financial Analysis
9.9 Others
10 Industry Events and Developments
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