ReportBazzar has released its latest
research-based report entitled ‘Managed
Pressure Drilling’
market.
Managed
pressure drilling is the process used to control bottom hole pressure,
formation fracture pressure and pore pressure in the well. The technology helps
the exploration companies mitigate the risks while drilling and reduce
downtime. The technology helps in determining the downhole pressure and manages
the annular pressure accordingly. Managed pressure drilling system can
automatically detect influxes and losses in real time.
Rising
deep-water and ultra-deepwater exploration activities is a major factor driving
the growth of the global managed pressure drilling market. In 2017, Canada had
about 7,550 wells drilled and the explorers required high rate of efficiency to
produce oil efficiently, which is increasing the demand for the managed
pressure drilling market. Drilling activities in harsh environments
are growing at a substantial rate in regions, including Norwegian continental
shelf and Indonesia. These factors are further driving the growth of the global
managed pressure drilling market.
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For the purpose
of the study the global managed pressure drilling market has been segmented by
technology, tool and application. Based on technology the market has been
segmented as constant bottom hole pressure, mud cap drilling, dual gradient
drilling, and return flow gradient drilling. Constant bottom hole pressure
segment dominated the market in 2017 and is expected to remain dominant during
the forecast period as constant bottom hole pressure method is a very common
technology used for almost all the drilling wells. Based on tools, the market
has been segmented as rotating control device, non-return valve, and choke
manifold system.
Rotating
control device segment dominated the market in 2017 and is expected to hold the
largest market share during the forecast period as the rotating control devices
are vastly used for pressure management. Based on applications, the market is
segmented as onshore and offshore. The offshore segment has been dominating the
market in 2017 and is expected to remain dominant during the forecast period.
The offshore application has more extensive use of managed
pressure drilling techniques as recently there has been a number of
offshore discoveries with the decline in crude oil resources and exploration
companies looking for oilfields offshore. Based on region, the market is
segmented into North America, Europe, Asia-Pacific, and rest of the world.
To view the table of contents and know more details please visit: http://reportbazzar.com/reports/RBPR16102018113240109/global-managed-pressure-drilling-market-research-report-forecast-till-2023
Few Points – Table Of Content:
Table of Contents:
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 Market Structure
2.4 Key Buying Criteria
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
3.6 List of Assumptions
4 Market Dynamics
4.1 Overview
4.2 Drivers
4.2.1 Rising deep water and ultra-deep-water
exploration and drilling operations
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