Exploration & Drilling Market Research Reports

Exploration and drilling are upstream activities in the oil & gas industry used to locate, characterize, access and produce from geological hydrocarbon deposits of petroleum (oil) and natural gas. The upstream sector of the oil & gas industry is also referred to through the synonymous industry term of exploration & production (E&P) or the activities of searching for, recovering, and producing crude oil and natural gas. In the oil & gas industry chain, E&P companies utilize traditional strategies in exploration geophysics including gravity, magnetic, passive seismic, and seismic reflection surveys of subsurface geologies. Discovered features of subsurface geology suggestive of a hydrocarbon deposit constitute a “lead” that leads to more seismic profiling to identify a “prospect” reservoir. Exploration wells are then drilled to determine the features and extent of the prospect hydrocarbon reservoir. The staged process of upstream exploration activities is indicative of the high costs at each step, with investment in a particular area or field proceeding only when suitable leads and prospects are discovered.

Production drilling follows exploration surveying and drilling when a suitable prospect for oil and gas recovery is conclusively identified. A drill string and drill bit is used to drill an oil or gas well and is controlled from the surface drill rig. The drilled well is then completed in order to optimize the flow of oil or gas into the well casing so that primary production can commence. Future phases of secondary and tertiary or enhanced hydrocarbon recovery (EOR) can be facilitated through the drilling of injection wells.

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Exploration & Drilling Industry Research & Market Reports

  • Pipeline Safety

    ... CAGR of 9.8% over the analysis period 2024-2030. Pipeline Safety Solutions, one of the segments analyzed in the report, is expected to record a 9.2% CAGR and reach US$12.5 Billion by the end of the ... Read More

  • Offshore Pipelines

    ... CAGR of 5.2% over the analysis period 2024-2030. Oil Pipelines, one of the segments analyzed in the report, is expected to record a 5.1% CAGR and reach US$13.9 Billion by the end of the analysis ... Read More

  • Mooring Inspection

    ... CAGR of 3.8% over the analysis period 2024-2030. Below Water Inspection (BWI), one of the segments analyzed in the report, is expected to record a 4.1% CAGR and reach US$386.1 Million by the end of ... Read More

  • Pressure Control Equipment

    ... at a CAGR of 4.1% over the analysis period 2024-2030. Wellhead Flanges Component, one of the segments analyzed in the report, is expected to record a 4.5% CAGR and reach US$2.9 Billion by the end ... Read More

  • Exploration and Production (E&P) Software

    ... US$17.9 Billion by 2030, growing at a CAGR of 15.9% over the analysis period 2024-2030. On-Premise Deployment, one of the segments analyzed in the report, is expected to record a 13.3% CAGR and reach US$9.8 ... Read More

  • Hydraulic Fracturing

    ... CAGR of 6.4% over the analysis period 2024-2030. Plug & Perf Technology, one of the segments analyzed in the report, is expected to record a 7.0% CAGR and reach US$52.6 Billion by the end of ... Read More

  • Oil and Gas Pipeline Leak Detection

    ... reach US$5.6 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2024-2030. Acoustic Technology, one of the segments analyzed in the report, is expected to record a 5.1% CAGR and reach ... Read More

  • Off-Shore Decommissioning

    ... CAGR of 6.0% over the analysis period 2024-2030. Well Plugging & Abandonment Service, one of the segments analyzed in the report, is expected to record a 6.7% CAGR and reach US$5.5 Billion by the end ... Read More

  • Off-Shore Drilling

    ... CAGR of 6.1% over the analysis period 2024-2030. Drill Ships, one of the segments analyzed in the report, is expected to record a 6.4% CAGR and reach US$98.6 Billion by the end of the analysis ... Read More

  • Pipeline Monitoring Systems

    ... at a CAGR of 5.0% over the analysis period 2024-2030. Ultrasonic Technology, one of the segments analyzed in the report, is expected to record a 7.2% CAGR and reach US$7.6 Billion by the end of ... Read More

  • Proppants

    ... 6.9% over the analysis period 2024-2030. Frac Sand Proppants, one of the segments analyzed in the report, is expected to record a 7.3% CAGR and reach US$11.9 Billion by the end of the analysis period. ... Read More

  • Reservoir Analysis

    ... CAGR of 3.4% over the analysis period 2024-2030. Data Acquisition & Monitoring Service, one of the segments analyzed in the report, is expected to record a 3.8% CAGR and reach US$5.1 Billion by the end ... Read More

  • Managed Pressure Drilling Services

    ... 2030, growing at a CAGR of 3.9% over the analysis period 2024-2030. Constant Bottom Hole Pressure Technology, one of the segments analyzed in the report, is expected to record a 4.5% CAGR and reach US$3.6 ... Read More

  • Off-Shore Cranes

    ... CAGR of 8.5% over the analysis period 2024-2030. Knuckle Boom Cranes, one of the segments analyzed in the report, is expected to record a 9.1% CAGR and reach US$16.2 Billion by the end of the ... Read More

  • Wireline Services

    ... CAGR of 2.0% over the analysis period 2024-2030. Well Intervention Service, one of the segments analyzed in the report, is expected to record a 2.4% CAGR and reach US$4.8 Billion by the end of the ... Read More

  • Virtual Pipeline Systems

    ... at a CAGR of 4.8% over the analysis period 2024-2030. Industrial End-Use, one of the segments analyzed in the report, is expected to record a 5.0% CAGR and reach US$1.2 Billion by the end of ... Read More

  • Crawler Camera Systems

    ... at a CAGR of 14.0% over the analysis period 2024-2030. Crawler Camera Hardware, one of the segments analyzed in the report, is expected to record a 13.6% CAGR and reach US$382.2 Million by the end ... Read More

  • Downhole Drilling Tools

    ... at a CAGR of 4.0% over the analysis period 2024-2030. Roller Cone Drill Bit, one of the segments analyzed in the report, is expected to record a 3.8% CAGR and reach US$6.4 Billion by the ... Read More

  • Drilling Waste Management

    ... at a CAGR of 4.2% over the analysis period 2024-2030. Treatment & Disposal Service, one of the segments analyzed in the report, is expected to record a 4.2% CAGR and reach US$3.4 Billion by the ... Read More

  • Coiled Tubing

    ... CAGR of 3.0% over the analysis period 2024-2030. Well Intervention & Production Services, one of the segments analyzed in the report, is expected to record a 2.7% CAGR and reach US$3.0 Billion by the end ... Read More

  • Directional Drilling Services

    ... at a CAGR of 7.1% over the analysis period 2024-2030. Rotary Steerable System (RSS), one of the segments analyzed in the report, is expected to record a 6.6% CAGR and reach US$9.1 Billion by the ... Read More

  • Well Casing and Cementation Hardware

    ... Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2024-2030. Well Casing Hardware, one of the segments analyzed in the report, is expected to record a 4.7% CAGR and reach US$10.7 ... Read More

  • Downhole Tools

    ... CAGR of 1.8% over the analysis period 2024-2030. Well Drilling, one of the segments analyzed in the report, is expected to record a 1.9% CAGR and reach US$3.2 Billion by the end of the analysis ... Read More

  • Well Intervention

    ... CAGR of 3.9% over the analysis period 2024-2030. Logging & Bottomhole Survey Service, one of the segments analyzed in the report, is expected to record a 3.6% CAGR and reach US$3.5 Billion by the end ... Read More

  • Wireline Logging Services

    ... at a CAGR of 1.8% over the analysis period 2024-2030. Cased Hole Logging Services, one of the segments analyzed in the report, is expected to record a 1.6% CAGR and reach US$2.9 Billion by the ... Read More

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