New

Managed Pressure Drilling Market

2021

Managed Pressure Drilling Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology [Constant Bottom Hole Pressure (CBHP), Mud Cap Drilling (MCD), Dual Gradient Drilling (DGD), and Return Flow Control Drilling (RFCD)] and Application (Onshore and Offshore)

Publication Month: Oct 2021 | Report Code: TIPRE00002998 | No. of Pages: 149 | Category: Manufacturing and Construction | Status: Published

Market Insights

Managed Pressure Drilling Market to Grow at a CAGR of 4.9% to reach US$ 6,004.50 million from 2021 to 2028

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The managed pressure drilling market is expected to grow from US$ 4,298.97 million in 2021 to US$ 6,004.50 million by 2028; it is estimated to grow at a CAGR of 4.9% during 2021–2028.

Managed pressure drilling process involves controlling the annular pressure levels throughout the wellbore. The process helps save cost, time, and money, and brings greater safety into drilling operations. This process enables drilling the challenging, complex extended-reach deep-gas deep water wells. Onshore and offshore drilling activities are increasing continuously across the world, which is one of the major factors driving the managed pressure drilling market. The onshore drilling activities are expected to increase from 46,000 wells drilled in 2020 to ~51,700 wells in 2021, recording a 12% rise. Further, the offshore drilling activities are expected to surge at a 10% year-on-year rate in 2021 and 2022. As a result, the number of offshore wells drilled is expected to reach ~2,500 in 2021, compared to less than 2,300 in 2020. In January 2020, Total SA announced that it is preparing to drill a new offshore well at a record water depth of 3,628 m off the coast of Angola, surpassing its Raya-1 well drilled at 3,400 m water depth in Uruguay. Thus, with the increase in such activities, the demand for pressure drilling equipment and services is increasing.

Impact of COVID-19 Pandemic on Managed Pressure Drilling Market

The COVID-19 pandemic has shaken several industries across the world. The tremendous growth in the spread of the virus has urged governments worldwide to impose strict restrictions on vehicles and human movement. Due to travel bans, mass lockdowns, and business shutdowns, the pandemic has adversely affected economies and countless industries in various countries. The lockdown imposition has also reduced the production of commodities, goods, and services.

In 2020, the COVID-19 pandemic negatively influenced the oil industry owing to the considerable disruptions in the supply chain activities in the industry coupled with the restrictions on international trade by several countries in the wake of the pandemic. Furthermore, the global oil prices plummeted significantly owing to the limited demand and continuous production by the oil producing countries added to the considerable decline in production activities among the major oil producing countries. Consequently, the discontinuation of oil extraction activities virtually disrupted the demand for managed pressure drilling market. As a result, during the early months of 2020, several countries witnessed a reduction in the demand for managed pressure drilling due to the implementation of lockdown in several countries because of the COVID-19 pandemic, which hindered the global managed pressure drilling market growth.

In 2021, with the uplifting of lockdown and vaccination processes, the manufacturing and construction companies have started working again. Therefore, oil production and the demand for managed pressure drilling equipment and machinery are growing, which would propel the growth of the global managed pressure drilling market in the coming years.

Lucrative Regions for Managed Pressure Drilling Providers

Lucrative Regions for Managed Pressure Drilling Providers

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Managed Pressure Drilling Market Insights

Significant Investments in Oil and Gas Projects

Several significant investments have been observed in oil and gas projects across the world, and the resultant availability of funds for procuring modern technologies is boosting the demand for managed pressure drilling. A few of these investments are mentioned below:

  • According to the Brazilian National Agency of Petroleum (ANP—Agência Nacional do Petróleo), the oil & gas sector in the country is expected to receive an investment of US$ 13.00 billion in the exploration and production (E&P) activities in 2021. Of the total, ~US$ 4.00 billion (reais ~16 billion) will be available for the drilling sector.
  • According to the Oxford Energy data in December 2019, the Brazilian Petroleum, Gas and Biofuels Institute (IBP), an industry association representing oil and natural gas producers, US$ 135 billion would be invested in exploration, drilling, and production till 2030, with a peak of ~US$ 19 billion in 2024–25.
  • According to NES Fircroft data in January 2020, the Alaska LNG liquefaction plant project has been in the pipeline for several years, with several invested parties operating as a consortium under the name Alaska LNG. This includes ExxonMobil, ConocoPhillips Alaska, and Alaska Gasline Development Corporation with35%, 20%, and 25% shares, respectively. Further, BP plc held a 20% share but, in August 2019, it agreed to sell all their Alaskan interests to Hilcorp Alaska for US$ 5.6 billion.

Thus, with significant investments in oil and gas projects, the drilling operations are likely to increase in the coming years, thereby fueling the demand for managed pressure drilling equipment and services.

Technology - Based Market Insights

Based on technology, the managed pressure drilling market is segmented into constant bottom hole pressure (CBHP), mud cap drilling (MCD), dual gradient drilling (DGD), and return flow control drilling (RFCD). In 2020, the constant bottom hole pressure (CBHP) segment led the market, accounting for the largest market share.

Managed Pressure Drilling Market, by Technology, 2020 and 2028 (%)

Managed Pressure Drilling Market, by Technology, 2020 and 2028 (%)

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Application-Based Market Insights

Based on application, the managed pressure drilling market is bifurcated into onshore and offshore. In 2020, the offshore segment accounted for a larger market share.

Strategic Insights

The players operating in the managed pressure drilling market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

  • In August 2021, ADS Services, LLC, a provider of drilling and pressure control technologies and solutions, reorganized its product and service portfolio and increased its management team.
  • In October 2018, Archer successfully transitioned over four new and nine existing operations to the “Drilling Services Fixed Platforms” contract with Equinor previously awarded on April 3rd, 2018. Archer now provides integrated drilling, engineering, rentals, and well services on 13 of the 20 Equinor production drilling and quarters (PDQ) platforms on the Norwegian Continental Shelf.

The global managed pressure drilling market has been segmented as mentioned below:

By Technology

  • Constant Bottom Hole Pressure (CBHP)
  • Mud Cap Drilling (MCD)
  • Dual Gradient Drilling (DGD)
  • Return Flow Control Drilling (RFCD)

By Application

  • Onshore
  • Offshore

By Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East & Africa (MEA)

    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America (SAM)

    • Brazil
    • Argentina
    • Rest of SAM

Company Profiles

  • Ensign Energy Services
  • Archer
  • Blade Energy Partners
  • Nabors Industries Ltd.
  • Air Drilling Associates, Inc.
  • ADS Services, LLC
  • Halliburton Energy Services, Inc.
  • Schlumberger Limited
  • Weatherford International plc
  • NOV Inc.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Managed Pressure Drilling Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.2.2 Europe

4.2.3 APAC

4.2.4 MEA

4.2.5 SAM

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Managed Pressure Drilling Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Continuous Rise in Onshore and Offshore Drilling Activities

5.1.2 Significant Investments in Oil and Gas Projects

5.2 Market Restraints

5.2.1 Volatility of Crude Oil Prices

5.3 Market Opportunities

5.3.1 Growing Use of Modern Drilling Equipment for High-Pressure, High-Temperature Wells

5.4 Future Trends

5.4.1 Proliferation of Industry 4.0

5.5 Impact Analysis of Drivers and restraints

6. Managed pressure drilling – Global Market Analysis

6.1 Managed Pressure Drilling Global Overview

6.2 Managed Pressure Drilling Market – Revenue, and Forecast to 2027 (US$ Million)

6.3 Market Positioning –Market Players Ranking

7. Managed Pressure Drilling Market Analysis – By Technology

7.1 Overview

7.2 Managed Pressure Drilling Market Breakdown, by Technology, 2020 & 2028

7.3 Constant Bottom Hole Pressure (CBHP)

7.3.1 Overview

7.3.2 Constant Bottom Hole Pressure (CBHP) Market Revenue and Forecast to 2028 (US$ Million)

7.4 Mud Cap Drilling (MCD)

7.4.1 Overview

7.4.2 Mud Cap Drilling (MCD) Market Revenue and Forecast to 2028 (US$ Million)

7.5 Dual Gradient Drilling (DGD)

7.5.1 Overview

7.5.2 Dual Gradient Drilling (DGD) Market Revenue and Forecast to 2028 (US$ Million)

7.6 Return Flow Control Drilling (RFCD)

7.6.1 Overview

7.6.2 Return Flow Control Drilling (RFCD) Market Revenue and Forecast to 2028 (US$ Million)

8. Managed Pressure Drilling Market Analysis – By Application

8.1 Overview

8.2 Managed Pressure Drilling Market, By Application (2020 and 2028)

8.3 Onshore

8.3.1 Overview

8.3.2 Onshore: Managed Pressure Drilling Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Offshore

8.4.1 Overview

8.4.2 Offshore: Managed Pressure Drilling Market – Revenue and Forecast to 2028 (US$ Million)

9. Global Managed Pressure Drilling Market – Geographic Analysis

9.1 Overview

9.2 North America Managed Pressure Drilling Market Revenue and Forecast to 2028

9.2.1 Overview

9.2.2 North America Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.2.3 North America Managed Pressure Drilling Market Breakdown, By Technology

9.2.4 North America Managed Pressure Drilling Market Breakdown, By Application

9.2.5 North America Managed Pressure Drilling Market Breakdown, By Country

9.2.5.1 US Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.2.5.1.1 US Managed Pressure Drilling Market Breakdown, By Technology

9.2.5.1.2 US Managed Pressure Drilling Market Breakdown, By Application

9.2.5.2 Canada Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.2.5.2.1 Canada Managed Pressure Drilling Market Breakdown, By Technology

9.2.5.2.2 Canada Managed Pressure Drilling Market Breakdown, By Application

9.2.5.3 Mexico Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.2.5.3.1 Mexico Managed Pressure Drilling Market Breakdown, By Technology

9.2.5.3.2 Mexico Managed Pressure Drilling Market Breakdown, By Application

9.3 Europe Managed Pressure Drilling Market Revenue and Forecast to 2028

9.3.1 Overview

9.3.2 Europe Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.3.3 Europe Managed Pressure Drilling Market Breakdown, By Technology

9.3.4 Europe Managed Pressure Drilling Market Breakdown, By Application

9.3.5 Europe Managed Pressure Drilling Market Breakdown, By Country

9.3.5.1 Germany Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.3.5.1.1 Germany Managed Pressure Drilling Market Breakdown, By Technology

9.3.5.1.2 Germany Managed Pressure Drilling Market Breakdown, By Application

9.3.5.2 France Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.3.5.2.1 France Managed Pressure Drilling Market Breakdown, By Technology

9.3.5.2.2 France Managed Pressure Drilling Market Breakdown, By Application

9.3.5.3 Italy Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.3.5.3.1 Italy Managed Pressure Drilling Market Breakdown, By Technology

9.3.5.3.2 Italy Managed Pressure Drilling Market Breakdown, By Application

9.3.5.4 UK Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.3.5.4.1 UK Managed Pressure Drilling Market Breakdown, By Technology

9.3.5.4.2 UK Managed Pressure Drilling Market Breakdown, By Application

9.3.5.5 Russia Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.3.5.5.1 Russia Managed Pressure Drilling Market Breakdown, By Technology

9.3.5.5.2 Russia Managed Pressure Drilling Market Breakdown, By Application

9.3.5.6 Rest of Europe Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.3.5.6.1 Rest of Europe Managed Pressure Drilling Market Breakdown, By Technology

9.3.5.6.2 Rest of Europe Managed Pressure Drilling Market Breakdown, By Application

9.4 APAC Managed Pressure Drilling Market Revenue and Forecast to 2028

9.4.1 Overview

9.4.2 APAC Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.4.3 APAC Managed Pressure Drilling Market Breakdown, By Technology

9.4.4 APAC Managed Pressure Drilling Market Breakdown, By Application

9.4.5 APAC Managed Pressure Drilling Market Breakdown, By Country

9.4.5.1 China Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.4.5.1.1 China Managed Pressure Drilling Market Breakdown, By Technology

9.4.5.1.2 China Managed Pressure Drilling Market Breakdown, By Application

9.4.5.2 Japan Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.4.5.2.1 Japan Managed Pressure Drilling Market Breakdown, By Technology

9.4.5.2.2 Japan Managed Pressure Drilling Market Breakdown, By Application

9.4.5.3 India Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.4.5.3.1 India Managed Pressure Drilling Market Breakdown, By Technology

9.4.5.3.2 India Managed Pressure Drilling Market Breakdown, By Application

9.4.5.4 South Korea Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.4.5.4.1 South Korea Managed Pressure Drilling Market Breakdown, By Technology

9.4.5.4.2 South Korea Managed Pressure Drilling Market Breakdown, By Application

9.4.5.5 Australia Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.4.5.5.1 Australia Managed Pressure Drilling Market Breakdown, By Technology

9.4.5.5.2 Australia Managed Pressure Drilling Market Breakdown, By Application

9.4.5.6 Rest of APAC Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.4.5.6.1 Rest of APAC Managed Pressure Drilling Market Breakdown, By Technology

9.4.5.6.2 Rest of APAC Managed Pressure Drilling Market Breakdown, By Application

9.5 MEA Managed Pressure Drilling Market Revenue and Forecast to 2028

9.5.1 Overview

9.5.2 MEA Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.5.3 MEA Managed Pressure Drilling Market Breakdown, By Technology

9.5.4 MEA Managed Pressure Drilling Market Breakdown, By Application

9.5.5 MEA Managed Pressure Drilling Market Breakdown, By Country

9.5.5.1 UAE Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.5.5.1.1 UAE Managed Pressure Drilling Market Breakdown, By Technology

9.5.5.1.2 UAE Managed Pressure Drilling Market Breakdown, By Technology

9.5.5.2 Saudi Arabia Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.5.5.2.1 Saudi Arabia Managed Pressure Drilling Market Breakdown, By Technology

9.5.5.2.2 Saudi Arabia Managed Pressure Drilling Market Breakdown, By Application

9.5.5.3 South Africa Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.5.5.3.1 South Africa Managed Pressure Drilling Market Breakdown, By Technology

9.5.5.3.2 South Africa Managed Pressure Drilling Market Breakdown, By Application

9.5.5.4 Rest of MEA Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.5.5.4.1 Rest of MEA Managed Pressure Drilling Market Breakdown, By Technology

9.5.5.4.2 Rest of MEA Managed Pressure Drilling Market Breakdown, By Application

9.6 SAM Managed Pressure Drilling Market Revenue and Forecast to 2028

9.6.1 Overview

9.6.2 SAM Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.6.3 SAM Managed Pressure Drilling Market Breakdown, By Technology

9.6.4 SAM Managed Pressure Drilling Market Breakdown, By Application

9.6.5 SAM Managed Pressure Drilling Market Breakdown, By Country

9.6.5.1 Brazil Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.6.5.1.1 Brazil Managed Pressure Drilling Market Breakdown, By Technology

9.6.5.1.2 Brazil Managed Pressure Drilling Market Breakdown, By Application

9.6.5.2 Argentina Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.6.5.2.1 Argentina Managed Pressure Drilling Market Breakdown, By Technology

9.6.5.2.2 Argentina Managed Pressure Drilling Market Breakdown, By Application

9.6.5.3 Rest of SAM Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

9.6.5.3.1 Rest of SAM Managed Pressure Drilling Market Breakdown, By Technology

9.6.5.3.2 Rest of SAM Managed Pressure Drilling Market Breakdown, By Application

10. Impact of COVID-19 Pandemic on Managed Pressure Drilling Market

10.1 Overview

10.2 North America: Impact Assessment of COVID-19 Pandemic

10.3 Europe: Impact Assessment of COVID-19 Pandemic

10.4 APAC: Impact Assessment of COVID-19 Pandemic

10.5 MEA: Impact Assessment of COVID-19 Pandemic

10.6 SAM: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 New Product Development

12. Company Profiles

12.1 Ensign Energy Services

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Archer

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Blade Energy Partners

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Nabors Industries Ltd.

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Air Drilling Associates, Inc.

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 ADS Services, LLC

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Halliburton Energy Services, Inc.

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Schlumberger Limited

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Weatherford International plc

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 NOV Inc.

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. About The Insight Partners

13.1 Word Index

LIST OF TABLES

Table 1. Managed Pressure Drilling Market – Revenue, and Forecast to 2027 (US$ Million)

Table 2. Global Managed Pressure Drilling Market Revenue and Forecast to 2028, By Geography (US$ Mn)

Table 3. North America Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 4. North America Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 5. US Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 6. US Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 7. Canada Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 8. Canada Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 9. Mexico Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 10. Mexico Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 11. Europe Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 12. Europe Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 13. Germany Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 14. Germany Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 15. France Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 16. France Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 17. Italy Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 18. Italy Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 19. UK Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 20. UK Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 21. Russia Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 22. Russia Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 23. Rest of Europe Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 24. Rest of Europe Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 25. APAC Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 26. APAC Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 27. China Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 28. China Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 29. Japan Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 30. Japan Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 31. India Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 32. India Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 33. South Korea Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 34. South Korea Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 35. Australia Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 36. Australia Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 37. Rest of APAC Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 38. Rest of APAC Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 39. MEA Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 40. MEA Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 41. UAE Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 42. UAE Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 43. Saudi Arabia Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 44. Saudi Arabia Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 45. South Africa Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 46. South Africa Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 47. Rest of MEA Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 48. Rest of MEA Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 49. SAM Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 50. SAM Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 51. Brazil Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 52. Brazil Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 53. Argentina Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 54. Argentina Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 55. Rest of SAM Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 56. Rest of SAM Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 57. List of Abbreviation

LIST OF FIGURES

Figure 1. Managed Pressure Drilling Market Segmentation

Figure 2. Managed Pressure Drilling Market Segmentation – By Geography

Figure 3. Global Managed Pressure Drilling Market Overview

Figure 4. Managed Pressure Drilling Market, By Technology

Figure 5. Managed Pressure Drilling Market, By Application

Figure 6. Managed Pressure Drilling Market, By Geography

Figure 1. North America – PEST Analysis

Figure 2. Europe – PEST Analysis

Figure 3. APAC – PEST Analysis

Figure 4. MEA – PEST Analysis

Figure 5. SAM – PEST Analysis

Figure 6. Managed Pressure Drilling Market– Ecosystem Analysis

Figure 7. Expert Opinion

Figure 8. Managed Pressure Drilling Market Impact Analysis of Drivers and Restraints

Figure 9. Geographic Overview of Managed Pressure Drilling Market

Figure 10. Global: Managed Pressure Drilling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11. Managed pressure drilling Market Breakdown, by Technology (2020 and 2028)

Figure 12. Constant Bottom Hole Pressure (CBHP) Market Revenue and Forecast to 2028(US$ Million)

Figure 13. Mud Cap Drilling (MCD) Market Revenue and Forecast to 2028(US$ Million)

Figure 14. Dual Gradient Drilling (DGD) Market Revenue and Forecast to 2028(US$ Million)

Figure 15. Return Flow Control Drilling (RFCD) Market Revenue and Forecast to 2028(US$ Million)

Figure 16. Managed Pressure Drilling Market Revenue Share, by Application (2020 and 2028)

Figure 17. Onshore: Managed Pressure Drilling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. Offshore: Managed Pressure Drilling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. Global Managed Pressure Drilling Market Breakdown, By Region, 2020 & 2028 (%)

Figure 20. North America Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 21. North America Managed Pressure Drilling Market Breakdown, By Technology, 2020 & 2028 (%)

Figure 22. North America Managed Pressure Drilling Market Breakdown, By Application, 2020 & 2028 (%)

Figure 23. North America Managed Pressure Drilling Market Breakdown, By Country, 2020 & 2028(%)

Figure 24. US Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 25. Canada Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 26. Mexico Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 27. Europe Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 28. Europe Managed Pressure Drilling Market Breakdown, By Technology, 2020 & 2028 (%)

Figure 29. Europe Managed Pressure Drilling Market Breakdown, By Application, 2020 & 2028 (%)

Figure 30. Europe Managed Pressure Drilling Market Breakdown, By Country, 2020 & 2028(%)

Figure 31. Germany Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 32. France Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 33. Italy Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 34. UK Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 35. Russia Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 36. Rest of Europe Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 37. APAC Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 38. APAC Managed Pressure Drilling Market Breakdown, By Technology, 2020 & 2028 (%)

Figure 39. APAC Managed Pressure Drilling Market Breakdown, By Application, 2020 & 2028 (%)

Figure 40. APAC Managed Pressure Drilling Market Breakdown, By Country, 2020 & 2028(%)

Figure 41. China Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 42. Japan Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 43. India Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 44. South Korea Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 45. Australia Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 46. Rest of APAC Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 47. MEA Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 48. MEA Managed Pressure Drilling Market Breakdown, By Technology, 2020 & 2028 (%)

Figure 49. MEA Managed Pressure Drilling Market Breakdown, By Application, 2020 & 2028 (%)

Figure 50. MEA Managed Pressure Drilling Market Breakdown, By Country, 2020 & 2028(%)

Figure 51. UAE Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 52. Saudi Arabia Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 53. South Africa Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 54. Rest Of MEA Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 55. SAM Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 56. SAM Managed Pressure Drilling Market Breakdown, By Technology, 2020 & 2028 (%)

Figure 57. SAM Managed Pressure Drilling Market Breakdown, By Application, 2020 & 2028 (%)

Figure 58. SAM Managed Pressure Drilling Market Breakdown, By Country, 2020 & 2028(%)

Figure 59. Brazil Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 60. Argentina Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 61. Rest of SAM Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)

Figure 62. Impact of COVID-19 Pandemic in North American Country Markets

Figure 63. Impact of COVID-19 Pandemic in European Country Markets

Figure 64. Impact of COVID-19 Pandemic in APAC Country Markets

Figure 65. Impact of COVID-19 Pandemic in MEA Country Markets

Figure 66. Impact of COVID-19 Pandemic in SAM Country Markets

The List of Companies - Managed Pressure Drilling Market

  1. Ensign Energy Services
  2. Archer
  3. Blade Energy Partners
  4. Nabors Industries Ltd.
  5. Air Drilling Associates, Inc.
  6. ADS Services, LLC
  7. Halliburton Energy Services, Inc.
  8. Schlumberger Limited
  9. Weatherford International plc
  10. NOV Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global managed pressure drilling market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global managed pressure drilling market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
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Frequently Asked Questions

Continuous rise in onshore and offshore drilling activities and significant investments in oil and gas projects are driving the growth of the managed pressure drilling market. These factors are propelling the adoption of managed pressure drilling equipment and machinery in oil industries.

The market opportunity lies in developing countries. Developing countries have become a hub of opportunity for various markets, including managed pressure drilling market. Thus, the growing use of modern drilling equipment for high-pressure, high-temperature wells are presenting significant potential for the future growth of the managed pressure drilling market players.

The global managed pressure drilling market was dominated by the constant bottom hole pressure (CBHP) segment with market share of more than 40% in 2020.

In 2020, North America led the market with a substantial revenue share, followed by APAC and Europe. North America is a prospective market for managed pressure drilling manufacturers.

The major companies in managed pressure drilling includes Schlumberger Limited; NOV Inc.; Weatherford International plc; Ensign Energy Services; and Halliburton Energy Services, Inc.

The global managed pressure drilling market was dominated by the offshore segment with market share ~ 70% in 2020.

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