Managed Pressure Drilling Market Size, Share, Development Trend | Industry Investment Plan, Growth Rate and Estimated Forecast Analysis to 2023

Managed Pressure Drilling Global Market – Synopsis & Scenario:-

Managed pressure drilling services are primarily used to control wellbore pressure. The growing energy demand coupled with the maturing onshore oilfields is generating the demand for new oil & gas discoveries. Additionally, the success of managed pressure drilling in fields that were earlier considered uneconomical to drill would provide an impetus to the managed pressure drilling    market

Managed pressure drilling is preferred more in offshore when compared with onshore due to the high-cost associated with managed pressure drilling. The offshore application of the managed pressure drilling market is growing at a rapid pace. This growth is attributed by the augmented offshore exploration and recent discoveries in countries like Saudi Arabia, Angola and Nigeria to name a few have also contributed to the growth of the market. 

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Managed  Pressure  Drilling Global Market  –  Key Players

MPD can be considered as niche market owing to a handful of players operating in the global Managed Pressure Drilling market. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players.

Identified and profiled in MRFR analysis; some of the key players in the managed pressure drilling market are Weatherford International (Ireland), Archer Well Services (U.K.), Schlumberger Limited (U.S.), Halliburton (U.S.) and Baker Hughes (U.S.).

Industry News:-

In June 2017, Noble Corporation plc has awarded AFGlobal a contract for the provision of an integrated deepwater Managed Pressure Drilling (MPD) Market.  The contract include the supply and installation of a completely integrated, next-generation MPD system.

In July 2016, AFGlobal Corp. has agreed to acquire Managed Pressure Operations (MPO), a subsidiary of MHWirth. This acquisition helps the company to solidify their position as a specialized original equipment manufacturer (OEM).

EFC Group, has developed a long-term relationship with Weatherford, leading to multiple contract awards for Managed Pressure Drilling equipment supply to support the Weatherford Secure Drilling services business. These contract include the design and supply of direct hydraulic controls, hydraulic power units, choke, flow metering and buffer manifolds as well as integrated reelers, umbilicals, hoses & stab plates.

Managed Pressure Drilling Market  –  Regional Analysis

North America is expected to dominate the Managed Pressure Drilling market mainly due to significant exploration onshore and offshore, undertaken in this region.  Increasing demand for budget drilling techniques is expected to increase the demand in the Managed Pressure Drilling market. Technological advancements along with deployment of advanced drilling techniques in complex formations such as tar sands, tight oil, etc. in the U.S. and Canada are key factors for high industry penetration in the region.

Regions such as Africa and Latin America have emerged as attractive prospects for offshore E&P activities, due to their vast unexplored hydrocarbons reserves.  

Major Points of Table Of Content

1 Executive Summary

2 Scope Of The Report

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Bargaining Power Of Suppliers

3.1.4 Threat Of Substitutes

3.1.5 Segment Rivalry

3.2 Value Chain/Supply Chain Analysis

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4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

Continued......