Directional Drilling Solutions & Services Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Directional Drilling Solutions & Services Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Directional drilling or slant drilling is a method of drilling non-vertical drills. Directional drilling is used for various purposes including to increase the number of wells from a single location, increase access to remote surface locations, and others. Various types of directional drilling include, horizontal wells, multilateral wells, and extended reach wells.
The market in this report is studied across solutions, services, and applications. Across solutions, the market is further segmented into new purchase and rentals. Both sub-segments include, measurement-while-drilling (MWD) tools, logging-while-drilling (LWD) tools, Rotary steerable systems (RSS) tools, mud motors, and others. Services segment is further studied across MWD services, LWD services, RSS services, repair & maintenance, and consulting & other services.
Market Drivers: Increasing development of unconventional oil and gas resources is expected to boost the market growth over the forecast period
Advancement in directional drilling such as measurement while drilling (MWD) and downhole motor (DHM) technologies have led to development of unconventional oil and gas resources by improving access to the reservoir from surface locations and increasing reservoir contact. For instance, in April 2021, Toro launched a new horizontal directional drill operating system, which allows pipe handling functions to be performed using a single input on the joystick in the SmartTouch operating mode. Moreover, horizontal well offers greater wellbore contact with the reservoir than a vertical well. In a horizontal well, the length of reservoir contact is limited by the length of the lateral, which is determined by the mechanical ability to extend the drill bit along the lateral.
However, unconventional oil and gas development and operations release pollutants into the atmosphere that include methane, which can impact human health, ecological resources, as well as the Earth’s climate. Investments were made by the U.S. Department of Energy’s Office of Fossil Energy and the National Energy Technology Laboratory in 2021, which has led to substantial progress in measuring, modeling, and assessing these pollutants to mitigate emissions.
Key features of the study:
This report provides in-depth analysis of directional drilling solutions & services market size (US$ Mn), and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global directional drilling solutions & services market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, strategies, and future plans
Companies covered as part of this study include, Schlumberger Limited, Halliburton Company, Downhole Drilling Services, LLC, Segofs Energy Services Limited, General Electric Company, KAMBI Enterprises Inc., Tolteq Group, LLC (National Oilwell Varco, Inc.), APS Technology, Inc., Shanghai Oilfield Equipment Co., Limited (SOECO), Beijing Geoshine Oilfield Technology Services Co., Ltd., Compass Directional Guidance, Inc., Scientific Drilling International, CBG Corp, China Oilfield Services Limited (COSL), Weatherford, Bench Tree, and Newsco International Energy Services Inc.
Rental services providers included in the report are Hunting Energy Services Inc., Calmena Energy Services Inc., Oilwell Solutions, LLC, W-Technology Inc., Micro-Smart Systems Inc., MICROTESLA, Ranger Directional Rentals, WORLD HDD, KWIPPED, Inc., Beijing Hailan Science & Technology Development Co., Limited, Bench Tree (Rentals), Vertex Downhole (Rentals), Weatherford (Rentals), National Oilwell Varco, MWD Supply, Geoglide Australia Pty Ltd., Parker Drilling, and Nabors Industries Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
The global directional drilling solutions & services market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global directional drilling solutions & services market
Detailed Segmentation:
Global Directional Drilling Solutions & Services Market, By Solution:
New Purchase
Measurement While Drilling (MWD) Tools
Intelligent Pulser Gamma Module (IPGM)
Directional Module
Surface System
Logging & Tracking Software
Batteries
Others
Logging While Drilling (LWD) Tools
Gamma Ray Tools
Sonic Tools
Calliper Tools
Formation & Testing Tools
Others
Rotary Steerable System
Mud Motors
Others
Rentals
Measurement While Drilling (MWD) Tools
Intelligent Pulser Gamma Module (IPGM)
Directional Module
Surface System
Logging & Tracking Software
Batteries
Others
Logging While Drilling (LWD) Tools
Gamma Ray Tools
Sonic Tools
Calliper Tools
Formation & Testing Tools
Others
Rotary Steerable System
Mud Motors
Others
Global Directional Drilling Solutions & Services Market, By Services:
MWD Services
LWD Services
Rotary Steerable System (RSS) Services
Repair & Maintenance Services
Consulting & Other Services
Global Directional Drilling Solutions & Services Market, By Application:
Onshore
Offshore
Global Directional Drilling Solutions & Services Market, By Region:
North America
By Solution:
New Purchase
Measurement While Drilling (MWD) Tools
Logging While Drilling (LWD) Tools
Rotary Steerable System
Mud Motors
Others
Rentals
Measurement While Drilling (MWD) Tools
Logging While Drilling (LWD) Tools
Rotary Steerable System
Mud Motors
Others
By Services:
MWD Services
LWD Services
Rotary Steerable System (RSS) Services
Repair & Maintenance Services
Consulting & Other Services
By Application:
Onshore
Offshore
By Country:
U.S.
Canada
Europe
By Solution:
New Purchase
Measurement While Drilling (MWD) Tools
Logging While Drilling (LWD) Tools
Rotary Steerable System
Mud Motors
Others
Rentals
Measurement While Drilling (MWD) Tools
Logging While Drilling (LWD) Tools
Rotary Steerable System
Mud Motors
Others
By Services:
MWD Services
LWD Services
Rotary Steerable System (RSS) Services
Repair & Maintenance Services
Consulting & Other Services
By Application:
Onshore
Offshore
By Country:
UK
France
Italy
Russia
Spain
Rest of Europe
Asia Pacific
By Solution:
New Purchase
Measurement While Drilling (MWD) Tools
Logging While Drilling (LWD) Tools
Rotary Steerable System
Mud Motors
Others
Rentals
Measurement While Drilling (MWD) Tools
Logging While Drilling (LWD) Tools
Rotary Steerable System
Mud Motors
Others
By Services:
MWD Services
LWD Services
Rotary Steerable System (RSS) Services
Repair & Maintenance Services
Consulting & Other Services
By Application:
Onshore
Offshore
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
By Solution:
New Purchase
Measurement While Drilling (MWD) Tools
Logging While Drilling (LWD) Tools
Rotary Steerable System
Mud Motors
Others
Rentals
Measurement While Drilling (MWD) Tools
Logging While Drilling (LWD) Tools
Rotary Steerable System
Mud Motors
Others
By Services:
MWD Services
LWD Services
Rotary Steerable System (RSS) Services
Repair & Maintenance Services
Consulting & Other Services
By Application:
Onshore
Offshore
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Middle East
By Solution:
New Purchase
Measurement While Drilling (MWD) Tools
Logging While Drilling (LWD) Tools
Rotary Steerable System
Mud Motors
Others
Rentals
Measurement While Drilling (MWD) Tools
Logging While Drilling (LWD) Tools
Rotary Steerable System
Mud Motors
Others
By Services:
MWD Services
LWD Services
Rotary Steerable System (RSS) Services
Repair & Maintenance Services
Consulting & Other Services
By Application:
Onshore
Offshore
By Country:
GCC Country
Iraq
Rest of the Middle East
Africa
By Solution:
New Purchase
Measurement While Drilling (MWD) Tools
Logging While Drilling (LWD) Tools
Rotary Steerable System
Mud Motors
Others
Rentals
Measurement While Drilling (MWD) Tools
Logging While Drilling (LWD) Tools
Rotary Steerable System
Mud Motors
Others
By Services:
MWD Services
LWD Services
Rotary Steerable System (RSS) Services
Repair & Maintenance Services
Consulting & Other Services
By Application:
Onshore
Offshore
By Sub-region:
South Africa
Rest of Africa
Company Profiles-Manufacturers
Schlumberger Limited.*
Company Highlights
Key Developments
Product Portfolio
Market Presence
Strategic Presence
Halliburton Company
Downhole Drilling Services, LLC
Segofs Energy Services Limited
General Electric Company
KAMBI Enterprises Inc.
Tolteq Group, LLC (National Oilwell Varco, Inc.)
APS Technology, Inc.
Shanghai Oilfield Equipment Co., Limited (SOECO)
Beijing Geoshine Oilfield Technology Services Co., Ltd.
Compass Directional Guidance, Inc.
Scientific Drilling International
CBG Corp
China Oilfield Services Limited (COSL)
Weatherford
Bench Tree
Newsco International Energy Services Inc.
Company Profiles-Rental Services Providers
Hunting Energy Services Inc.*
Company Highlights
Key Developments
Product Portfolio
Market Presence
Strategic Presence
Calmena Energy Services Inc.
Oilwell Solutions, LLC
W-Technology Inc.
Micro-Smart Systems Inc.
MICROTESLA
Ranger Directional Rentals
WORLD HDD
Beijing Hailan Science & Technology Development Co., Limited
Bench Tree
Vertex Downhole
Weatherford
National Oilwell Varco
MWD Supply
Geoglide Australia Pty Ltd.
Parker Drilling
Nabors Industries Ltd.
* Key pointers are provided for each company listed.