Energy & Environment Industry Today
Worldwide Downhole Tools 2018 Market Key Findings, Regional analysis, Key Players Profiles, Current Trends, Business Development and Upcoming Prospects by Forecast 2023
The prime objective of Downhole Tools Market is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth.
Published 29 June 2018
Market Highlights: –
Downhole tools are a fundamental requirement for any well drilling and are the utmost cost-effective way to improve the overall efficiency of operations. The downhole tools are a category of oilfield equipment that are used for well drilling, completion, well intervention, and in workover activity. Large amount of oil remains untapped beneath the surface, the downhole tools provide the advantage of optimizing the production levels from the oil wells. Besides, downhole tools are used for maintaining the flow from a reservoir. For fulfilling these activities, a wide range of downhole tools including roller centralizers, drag friction, shock tools, fishing tools, drilling jars, tubular tools and drill pipes are used. Recently, Stabiltec was awarded a multi-million dollar contract for Petrobras in Brazil. The job was awarded by a major service company and involved providing stabilizers.
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Indusrty Major Key Players: –
Global Downhole Tools Market - Competitive Analysis
Characterized by the presence of several well-established and small players, the global Market of Downhole Tools appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. These key players compete based upon pricing, and services. Vendors operating in the market strive to deliver the best quality products and services based on innovative technologies, and best practices. These Key Players make a substantial investment for R&D and to secure a guaranteed resource for the customers. Downhole Tools market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further.
Industry News:-
In December 2017, Oil States International, Inc. announced that it has entered into a definitive agreement to acquire GEODynamics, Inc., a provider of oil and gas perforation systems and downhole tools in support of completion, intervention, wireline and well abandonment operations.
In September 2017, Halliburton has launched GeoTech HE, a robust drill bit that incorporates new features and materials to deliver enhanced performance and increased reliability in high energy drilling systems characterized by very high weight-on-bit and drilling torque.
In January 2017, Schlumberger announced the acquisition of Peak Well System, an Aberdeen-based manufacturer of downhole tools for well intervention.
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
To be continued......
Browse Complete Report @ https://www.marketresearchfuture.com/reports/downhole-tools-market-1066
Global Downhole Tools Market - Regional Analysis
North America dominates the downhole tools market. The U.S. accounts for the largest market share in the North American region. The advancements in unconventional drilling technologies, which have attracted capital for oil and gas drilling projects. Additionally, vast hydrocarbon resources in the U.S. Shale basins and continuous offshore drilling in the Gulf of Mexico region, are driving the demand of the market. Additionally, most of the major downhole tool manufacturer are operating in this region. This has the positive influence on the growth of the market.
Asia Pacific and Europe are the other major market for the downhole tools. Increasing demand for energy due to urbanization & industrialization from the countries such as India, China, and Indonesia among others driving the demand of the market in Asia Pacific region. The Europe drill bit market is expected to be dominated by countries such as U.K, Norway and Russia. The development of unconventional oil and gas exploration activities such as shale, is driving the market in the region. It is expected to contribute significantly during the forecast period.
Downhole tools are a fundamental requirement for any well drilling and are the utmost cost-effective way to improve the overall efficiency of operations. The downhole tools are a category of oilfield equipment that are used for well drilling, completion, well intervention, and in workover activity. Large amount of oil remains untapped beneath the surface, the downhole tools provide the advantage of optimizing the production levels from the oil wells. Besides, downhole tools are used for maintaining the flow from a reservoir. For fulfilling these activities, a wide range of downhole tools including roller centralizers, drag friction, shock tools, fishing tools, drilling jars, tubular tools and drill pipes are used. Recently, Stabiltec was awarded a multi-million dollar contract for Petrobras in Brazil. The job was awarded by a major service company and involved providing stabilizers.
Get Your Sample Report Today @ https://www.marketresearchfuture.com/sample_request/1066
Indusrty Major Key Players: –
- Schlumberger
- Halliburton
- Baker Hughes
- Weatherford International
- National Oilwell Varco Inc.
- Logan Oil Tools Inc.
Global Downhole Tools Market - Competitive Analysis
Characterized by the presence of several well-established and small players, the global Market of Downhole Tools appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. These key players compete based upon pricing, and services. Vendors operating in the market strive to deliver the best quality products and services based on innovative technologies, and best practices. These Key Players make a substantial investment for R&D and to secure a guaranteed resource for the customers. Downhole Tools market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further.
Industry News:-
In December 2017, Oil States International, Inc. announced that it has entered into a definitive agreement to acquire GEODynamics, Inc., a provider of oil and gas perforation systems and downhole tools in support of completion, intervention, wireline and well abandonment operations.
In September 2017, Halliburton has launched GeoTech HE, a robust drill bit that incorporates new features and materials to deliver enhanced performance and increased reliability in high energy drilling systems characterized by very high weight-on-bit and drilling torque.
In January 2017, Schlumberger announced the acquisition of Peak Well System, an Aberdeen-based manufacturer of downhole tools for well intervention.
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
To be continued......
Browse Complete Report @ https://www.marketresearchfuture.com/reports/downhole-tools-market-1066
Global Downhole Tools Market - Regional Analysis
North America dominates the downhole tools market. The U.S. accounts for the largest market share in the North American region. The advancements in unconventional drilling technologies, which have attracted capital for oil and gas drilling projects. Additionally, vast hydrocarbon resources in the U.S. Shale basins and continuous offshore drilling in the Gulf of Mexico region, are driving the demand of the market. Additionally, most of the major downhole tool manufacturer are operating in this region. This has the positive influence on the growth of the market.
Asia Pacific and Europe are the other major market for the downhole tools. Increasing demand for energy due to urbanization & industrialization from the countries such as India, China, and Indonesia among others driving the demand of the market in Asia Pacific region. The Europe drill bit market is expected to be dominated by countries such as U.K, Norway and Russia. The development of unconventional oil and gas exploration activities such as shale, is driving the market in the region. It is expected to contribute significantly during the forecast period.
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