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

  • Global Geothermal Drilling Market for Power Generation 2024-2028

    ... report on the geothermal drilling for power generation market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an ... Read More

  • 2024 Oil Well and Pipeline Machinery and Equipment Wholesale Global Market Size & Growth Report with Updated Analysis & Forecasts

    ... Growth Report covers market size, revenue, growth, and share across 4 global regions (The Americas, Europe, Asia & Oceania, Africa & Middle East), 22 subregions, and 195 countries. Figures are from 2012 through 2023, with ... Read More

  • 2024 Used Oil Well and Pipeline Machinery and Equipment Wholesale Global Market Size & Growth Report with Updated Analysis & Forecasts

    ... Size & Growth Report covers market size, revenue, growth, and share across 4 global regions (The Americas, Europe, Asia & Oceania, Africa & Middle East), 22 subregions, and 195 countries. Figures are from 2012 through ... Read More

  • 2024 Leasing of Rights to Explore for and Exploit Natural Resources Global Market Size & Growth Report with Updated Analysis & Forecasts

    ... Global Market Size & Growth Report covers market size, revenue, growth, and share across 4 global regions (The Americas, Europe, Asia & Oceania, Africa & Middle East), 22 subregions, and 195 countries. Figures are from ... Read More

  • 2024 Oil Well and Pipeline Machinery Parts and Supplies Wholesale Global Market Size & Growth Report with Updated Analysis & Forecasts

    ... Size & Growth Report covers market size, revenue, growth, and share across 4 global regions (The Americas, Europe, Asia & Oceania, Africa & Middle East), 22 subregions, and 195 countries. Figures are from 2012 through ... Read More

  • 2024 New Oil Field Machinery and Equipment Wholesale Global Market Size & Growth Report with Updated Analysis & Forecasts

    ... covers market size, revenue, growth, and share across 4 global regions (The Americas, Europe, Asia & Oceania, Africa & Middle East), 22 subregions, and 195 countries. Figures are from 2012 through 2023, with forecasts for ... Read More

  • Global Mobile Offshore Drilling Unit (MODU) Market 2024-2028

    ... report on the mobile offshore drilling unit (MODU) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an ... Read More

  • Oil and Gas Drilling Automation

    ... is expected to reach US$3.6 Billion by 2030, growing at a CAGR of 2.0% over the analysis period 2023-2030. On-Shore End-Use, one of the segments analyzed in the report, is expected to record a 2.3% ... Read More

  • Coiled Tubing

    ... at a CAGR of 3.1% over the analysis period 2023-2030. Well Intervention & Production Service, one of the segments analyzed in the report, is expected to record a 2.8% CAGR and reach US$3.0 Billion by ... Read More

  • Crawler Camera Systems

    ... at a CAGR of 14.0% over the analysis period 2023-2030. Hardware Component, 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 of ... Read More

  • Hydraulic Workover Units

    ... at a CAGR of 6.1% over the analysis period 2023-2030. Workover Service, one of the segments analyzed in the report, is expected to record a 6.5% CAGR and reach US$9.5 Billion by the end of ... Read More

  • Off-Shore Drilling

    ... at a CAGR of 6.1% over the analysis period 2023-2030. Drill Ships, one of the segments analyzed in the report, is expected to record a 6.3% CAGR and reach US$98.6 Billion by the end of ... Read More

  • Off-Shore Decommissioning

    ... at a CAGR of 6.0% over the analysis period 2023-2030. 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 ... Read More

  • Subsea Pumps

    ... at a CAGR of 5.3% over the analysis period 2023-2030. Helico-Axial Pumps, one of the segments analyzed in the report, is expected to record a 4.9% CAGR and reach US$968.6 Million by the end of ... Read More

  • Subsea Well Access Systems

    ... reach US$5.9 Billion by 2030, growing at a CAGR of 4.6% over the analysis period 2023-2030. Rig-Based Subsea Well Access Systems, one of the segments analyzed in the report, is expected to record a 4.8% ... Read More

  • Zonal Isolation

    ... CAGR of 5.2% over the analysis period 2023-2030. Mechanical Zonal Isolation, one of the segments analyzed in the report, is expected to record a 4.9% CAGR and reach US$14.1 Billion by the end of the ... Read More

  • Autonomous Drilling Rigs

    ... at a CAGR of 6.4% over the analysis period 2023-2030. The U.S. Market is Estimated at US$277.0 Million While China is Forecast to Grow at 5.9% CAGR The Autonomous Drilling Rigs market in the U.S. ... Read More

  • Hydraulic Fracturing

    ... at a CAGR of 6.4% over the analysis period 2023-2030. Horizontal Well, one of the segments analyzed in the report, is expected to record a 6.8% CAGR and reach US$59.5 Billion by the end of ... Read More

  • Off-Shore Cranes

    ... at a CAGR of 8.5% over the analysis period 2023-2030. 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 ... Read More

  • Well Cementing Services

    ... by 2030, growing at a CAGR of 4.7% over the analysis period 2023-2030. On-Shore End-Use, one of the segments analyzed in the report, is expected to record a 4.2% CAGR and reach US$10.4 Billion by ... Read More

  • Subsea Manifolds

    ... at a CAGR of 4.9% over the analysis period 2023-2030. Production Subsea Manifolds, one of the segments analyzed in the report, is expected to record a 4.3% CAGR and reach US$3.8 Billion by the end ... Read More

  • Virtual Pipeline Systems

    ... by 2030, growing at a CAGR of 4.8% over the analysis period 2023-2030. Industrial End-Use, one of the segments analyzed in the report, is expected to record a 4.9% CAGR and reach US$1.2 Billion by ... Read More

  • Land Drilling Rig Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

    ... USD 51.70 billion by 2029, growing at a CAGR of 3.46% during the forecast period (2024-2029). Key Highlights Over the medium period, the land rig market has evolved significantly in recent years with the increasing ... Read More

  • Global Deepwater and Ultra-Deepwater Exploration and Production Market (2024 Edition): Analysis By Depth (Deepwater and Ultra Deepwater), By Application, By Technology, By Region, By Country: Market Insights and Forecast (2020-2030)

    ... released a research report titled “Global Deepwater and Ultra-Deepwater Exploration and Production Market (2024 Edition)” which provides a complete analysis of the Global Deepwater and Ultra-Deepwater Exploration and Production industry in terms of market segmentation ... Read More

  • Horizontal Directional Drilling (HDD)

    ... 2030, growing at a CAGR of 7.0% over the analysis period 2023-2030. Rigs, one of the segments analyzed in the report, is expected to record a 7.2% CAGR and reach US$9.2 Billion by the end ... Read More

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