Underbalanced Drilling Market Highlights

The global Underbalanced Drilling Market is Predicted to Grow by more than 5% by 2024. The increase in energy demand globally is causing the depletion of conventional hydrocarbon resources, which is driving the exploration and production industry to invest in advanced technologies, especially in the areas of drilling, production, and reservoir engineering to enhance hydrocarbon production.

Request Free Sample Copy With TOC @ https://www.marketresearchfuture.com/sample_request/8085

In 2018, North America held the largest share of the global underbalanced drilling market.

Key Players

The key players operating in the global underbalanced drilling market are

Air Drilling Associates Inc. (US)
Ensign Energy Services (Canada)
Schlumberger Limited (US)
Halliburton Inc. (US)
Weatherford International (US)
National Oilwell Varco (US)
Beyond Energy (Canada)
STRATA Energy Services (Australia)
Kinley Exploration LLC (US)
Precision Air Drilling Services Inc. (US)
Market Segmentation

The global underbalanced drilling market has been segmented into five regions, which are Asia-Pacific, North America, Europe, the Middle East & Africa, and Latin America. According to IEA, offshore oil production is estimated to reach 27.4 million barrels of oil equivalent per day (mboe) by 2040 from 26.4 mboe in 2016. North America held a significant share in the total oil production in 2016. This oil production result in an increasing demand for underbalanced drilling as it is an important part of a well drilling process.

The market in Asia-Pacific is expected to be the second largest market for underbalanced drilling, owing to the increase in exploration activities in the region. In Asia-Pacific, underbalanced operations for two wells, SED-3 and SED-4, have been planned to achieve the main goals of improving reservoir productivity, enabling fracture identification, avoiding reservoir damage, and making testing while drilling possible.

On the basis of application, the global underbalanced drilling market is divided into onshore and offshore. Oil and gas operators are increasing their investments in onshore drilling activities. For instance, within the US onshore segment, USD 45 billion was invested in 2018 as compared to USD 38 billion in 2017, with an increase of 13.6%. Thus, the increasing investments drives the onshore segment in the overall oil & gas industry.

The global underbalanced drilling market is expected to grow at 5.24% CAGR during the forecast period.

Scope of the Report

This report provides an in-depth analysis of the global underbalanced drilling market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size and share for North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global underbalanced drilling market by component, utility type, application, end-use, and region.

By Technique
Lightweight drilling fluids
Gas Injection
Foam Injection
By Application
Onshore
Offshore
By Regions
North America
Asia-Pacific
Europe
Middle East & Africa
Latin America


Table Of Contents

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope Of The Study

2.3 Market Structure

3 Research Methodology

3.1 Primary Research

3.2 Secondary Research

3.3 Market Size Estimation

3.4 Forecast Model

3.5 List Of Assumptions

3.6 Limitations Of The Study

4 Market Insights

Continues…..

List Of Figures

Figure 1 Research Process Of MRFR

Figure 2 Top-Down And Bottom-Up Approach

Figure 3 Market Dynamics

Figure 4 Impact Analysis: Market Drivers

Figure 5 Impact Analysis: Market Restraints

Continues….

Browse Full Report With Complete TOC @ https://www.marketresearchfuture.com/reports/underbalanced-drilling-market-8085

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact

Market Research Future

+1 646 845 9312

Email: [email protected]