Market Overview:
The global managed pressure drilling market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for oil and gas across the globe. In addition, the increasing focus on safety and environmental concerns are also driving the demand for managed pressure drilling services. The global managed pressure drilling market is segmented by type, application, and region. By type, the market is segmented into mud cap drilling, dual gradient drilling, return flow control drilling, and others. The mud cap drilling segment is expected to hold a major share of the global managed pressure drilling market in 2018 owing to its ability to maintain wellbore stability under high-pressure conditions. By application, the market is divided into offshore and onshore segments.
Product Definition:
The term "managed pressure drilling" (MPD) is used to describe a technique employed in drilling wells whereby the pressure in the wellbore is actively managed. This involves maintaining a constant or near-constant pressure on the formation being drilled, regardless of variations in bottom hole conditions (such as changes in hole size, fluid losses, and influxes of water or gas). The main objectives of MPD are to improve drilling efficiency and safety by reducing drillstring torque and drag, minimize borehole instability that can lead to kickovers and lost circulation events, prevent formation damage, and reduce nonproductive time.
Mud Cap Drilling:
Mud cap drilling is a new technology that has been gaining popularity in the oil & gas industry over the past few years. It involves extracting petroleum fluids from rock pores using high-pressure mud cap drilling process. This technique helps to minimize extraction time and also reduces chances of causing environmental damage by reducing scale formation and corrosion.
Dual Gradient Drilling:
Dual gradient drilling is a method of creating two sets of parallel drill holes, one set at a higher pressure and the other at lower pressure. The technique is used to create multiple sets of test wells in close proximity to each other. These tests wells are then utilized by companies for hydrocarbon exploration and production activities.
The dual gradient drilling process involves setting up two separate wellbores with different pressures and then connecting them using tubing or pipe called the perforating gun.
Application Insights:
Onshore was the dominant application segment in the global managed pressure drilling market and accounted for a share of over 60.0% in 2017. The growth can be attributed to factors such as growing onshore oil & gas production, particularly from Saudi Arabia, Iran, Russia and China. Increasing demand for cost-effective solutions that reduce operational costs while increasing efficiency is also expected to drive the demand for managed pressure drilling onshore over the forecast period.
Offshore is anticipated to witness significant growth owing to rising oil & gas exploration activities in deep water locations such as Brazil, South Africa and West Africa which are estimated to increase investments by various companies including StatoilHydro ASA (Statoil), RepsolSantander SA (Repsol) and Royal Dutch Shell plc among others over next few years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing foreign investments coupled with rising energy demand from developing economies such as China, India, and Japan. In addition, growing oil & gas exploration activities in countries such as China and Australia are anticipated to drive regional growth over the next eight years.
The Middle East & Africa (MEA) is projected to be one of the fastest-growing regions during the forecast period owing to increasing government spending on offshore projects along with growing energy demand from major economies including Saudi Arabia and UAE. Furthermore, large unexplored reserves present across various countries in this region are expected to attract drilling companies for hydrocarbon exploration which will further boost industry expansion over the coming years.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising investments in drilling and production activities by oil and gas companies
- Proliferation of new technologies and drilling methods that can improve well productivity
- Stringent environmental regulations that promote the use of MPD techniques
- Growing demand for unconventional resources such as shale gas
Scope Of The Report
Report Attributes
Report Details
Report Title
Managed Pressure Drilling Market Research Report
By Type
Mud Cap Drilling, Dual Gradient Drilling, Return Flow Control Drilling, Others
By Application
Offshore, Onshore
By Companies
GE(Baker Hughes), National Oilwell Varco, Halliburton, Schlumberger, Weatherford International, Ensign Energy Services, Enhanced Drilling, Petrolor Oilfield Services, Archer, GE Oil & Gas
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Managed Pressure Drilling Market Report Segments:
The global Managed Pressure Drilling market is segmented on the basis of:
Types
Mud Cap Drilling, Dual Gradient Drilling, Return Flow Control Drilling, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Offshore, Onshore
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE(Baker Hughes)
- National Oilwell Varco
- Halliburton
- Schlumberger
- Weatherford International
- Ensign Energy Services
- Enhanced Drilling
- Petrolor Oilfield Services
- Archer
- GE Oil & Gas
Highlights of The Managed Pressure Drilling Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mud Cap Drilling
- Dual Gradient Drilling
- Return Flow Control Drilling
- Others
- By Application:
- Offshore
- Onshore
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Managed Pressure Drilling Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Managed pressure drilling is a technique used to create holes in hard materials by using high-pressure water, air, or oil to create a hole without the use of explosives.
Some of the major players in the managed pressure drilling market are GE(Baker Hughes), National Oilwell Varco, Halliburton, Schlumberger, Weatherford International, Ensign Energy Services, Enhanced Drilling, Petrolor Oilfield Services, Archer, GE Oil & Gas.
The managed pressure drilling market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Managed Pressure Drilling Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Managed Pressure Drilling Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Managed Pressure Drilling Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Managed Pressure Drilling Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Managed Pressure Drilling Market Size & Forecast, 2018-2028
4.5.1 Managed Pressure Drilling Market Size and Y-o-Y Growth
4.5.2 Managed Pressure Drilling Market Absolute $ Opportunity
Chapter 5 Global Managed Pressure Drilling Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Managed Pressure Drilling Market Size Forecast by Type
5.2.1 Mud Cap Drilling
5.2.2 Dual Gradient Drilling
5.2.3 Return Flow Control Drilling
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Managed Pressure Drilling Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Managed Pressure Drilling Market Size Forecast by Applications
6.2.1 Offshore
6.2.2 Onshore
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Managed Pressure Drilling Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Managed Pressure Drilling Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Managed Pressure Drilling Analysis and Forecast
9.1 Introduction
9.2 North America Managed Pressure Drilling Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Managed Pressure Drilling Market Size Forecast by Type
9.6.1 Mud Cap Drilling
9.6.2 Dual Gradient Drilling
9.6.3 Return Flow Control Drilling
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Managed Pressure Drilling Market Size Forecast by Applications
9.10.1 Offshore
9.10.2 Onshore
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Managed Pressure Drilling Analysis and Forecast
10.1 Introduction
10.2 Europe Managed Pressure Drilling Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Managed Pressure Drilling Market Size Forecast by Type
10.6.1 Mud Cap Drilling
10.6.2 Dual Gradient Drilling
10.6.3 Return Flow Control Drilling
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Managed Pressure Drilling Market Size Forecast by Applications
10.10.1 Offshore
10.10.2 Onshore
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Managed Pressure Drilling Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Managed Pressure Drilling Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Managed Pressure Drilling Market Size Forecast by Type
11.6.1 Mud Cap Drilling
11.6.2 Dual Gradient Drilling
11.6.3 Return Flow Control Drilling
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Managed Pressure Drilling Market Size Forecast by Applications
11.10.1 Offshore
11.10.2 Onshore
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Managed Pressure Drilling Analysis and Forecast
12.1 Introduction
12.2 Latin America Managed Pressure Drilling Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Managed Pressure Drilling Market Size Forecast by Type
12.6.1 Mud Cap Drilling
12.6.2 Dual Gradient Drilling
12.6.3 Return Flow Control Drilling
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Managed Pressure Drilling Market Size Forecast by Applications
12.10.1 Offshore
12.10.2 Onshore
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Managed Pressure Drilling Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Managed Pressure Drilling Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Managed Pressure Drilling Market Size Forecast by Type
13.6.1 Mud Cap Drilling
13.6.2 Dual Gradient Drilling
13.6.3 Return Flow Control Drilling
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Managed Pressure Drilling Market Size Forecast by Applications
13.10.1 Offshore
13.10.2 Onshore
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Managed Pressure Drilling Market: Competitive Dashboard
14.2 Global Managed Pressure Drilling Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE(Baker Hughes)
14.3.2 National Oilwell Varco
14.3.3 Halliburton
14.3.4 Schlumberger
14.3.5 Weatherford International
14.3.6 Ensign Energy Services
14.3.7 Enhanced Drilling
14.3.8 Petrolor Oilfield Services
14.3.9 Archer
14.3.10 GE Oil & Gas
