Global Directional Drilling Services Market | Blackridge Research

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Continuing oil price volatility, a sustained market uncertainty, and a highly fragmented market continues to present challenges to the oilfield services industry. However, increased per-well lateral lengths and drilling complexity are driving higher capital spending on technologically advanced drilling solutions such as directional drilling, globally.

Global Directional Drilling Services Market | Blackridge Research

In 2018, the global drilling activity (in terms of the number of active rigs) had increased 9% compared to 2017, with the increase predominantly in the US shale plays, and a gradual increase in international rigs starting in the second half of 2018 after a slight recovery in oil prices. Drilling activity in the United States rose steadily throughout the year but has subsequently declined slightly at the beginning of 2019, and the outlook is expected to remain challenging. Capital spending in oil and gas continues to focus on US shale drilling efforts rather than long-term and more expensive projects. Also, the oil and gas operators in North America are concentrating on increasing the efficiency of existing projects and capping new activity to increase cash flows. However, this scenario is expected to witness the change in the region over the years forward.

Global offshore E&P investments are expected to grow, owing to an increase in the number of projects sanctioned during the last few years. This is expected to partially offset the slowdown in drilling activity in North America.

Our Global Directional Drilling Services Market report provides unique insights on drilling activity for major countries in the market. The market demand for each technology is discussed in detail. The market estimates of directional drilling services for historic period, along with the forecast for the next 5 years included in the report.

1. Executive Summary

2. Research Scope and Methodology

9. Conclusions and Recommendations

List of Tables & Figures

Abbreviations

Additional Notes

Disclaimer

Global Directional Drilling Services Market Revenue, in USD billion, 2018-2025

Global Directional Drilling Services Market Revenue Share, by Type, 2018

Global Directional Drilling Services Market Revenue Share, by Location, 2018

Global Directional Drilling Services Market Revenue Share, by Region, 2018

Rotary Steerable - Market Revenue, in USD billion, 2018-2025