Summary
Global Managed Pressure Drilling Service Market, By Technology (Constant Bottom-Hole Pressure (CBHP), Mud Cap Drilling (MCD), Return Flow Control Drilling (RFCD)), By Application (Offshore, Onshore), and opportunities and forecast 2020-2027
Managed Pressure Drilling Service Market Overview Managed pressure drilling is defined as an adaptive drilling process used to control the annular pressure profile throughout the wellbore. It provides a closed-loop circulation system in which pore pressure, formation fracture pressure, and bottom-hole pressure in the wellbore are balanced and managed at the surface. The global Managed Pressure Drilling Service market is expected to grow at a significant rate in the forthcoming years. Important factors, such as increasing depths of wells being drilled combined with increasing offshore exploration and production activities, are anticipated to increase the demand for managed pressure drilling services. This key fact boosts the growth of the global Managed Pressure Drilling Service market. Furthermore, sustained fossil fuel demand coupled with declining production of onshore oil & gas reserves is projected to propel the growth of the market over the forecast period. Moreover, the increasing success rate of managed drilling services over other conventional techniques is also estimated to boost the growth of the market. On the downside, the high volatility of oil and gas prices is estimated to act as a restraint to the growth of the managed pressure drilling services market during the forecast period. Besides this, the development in technology in managed pressure drilling techniques coupled with the adoption of industry 4.0 is projected to create several new opportunities for the market players in the near future.Covid-19 Impact on Managed Pressure Drilling Service Market The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.Managed Pressure Drilling Service Market Segment Overview Based on Technology, the Constant Bottom-Hole Pressure (CBHP) segment is expected to hold the largest share in the Managed Pressure Drilling Service market during the forecast period. This growth is attributed to widespread utilization of the technology for drilling offshore wells across the U.S. Gulf of Mexico as well as in other regions of the world. In terms of application, the Offshore segment dominated the market and is expected to keep its dominance in the market during the forecast period. This can be attributed to the frequent use of managed pressure drilling in High-Pressure High Temperature (HPHT) wells and deepwater resources. Managed Pressure Drilling Service Market, By Technology · Constant Bottom-Hole Pressure (CBHP) · Mud Cap Drilling (MCD) · Return Flow Control Drilling (RFCD) Managed Pressure Drilling Service Market, By Application · Offshore · OnshoreManaged Pressure Drilling Service Market Regional Overview In terms of region, North America dominated the Managed Pressure Drilling Service market. This can be mainly attributed to the increase in oil & gas activities in offshore regions in the U.S. As well, the discovery of shale oil in North Dakota in North America has increased the growth of the market. Similarly, the market in the Asia Pacific is projected to rise at a considerable rate in the forecast period. This market has been expanding in countries in the Asia Pacific such as India, China, and Japan owing to the increase in maritime security activities, rise in offshore oil and gas production activities, and improvement in underwater communications. Further, the market in countries such as the U.K., Germany, France, and Norway in Europe is projected to expand owing to the rise in oil & gas drilling activities and improvement in offshore drilling activities. Managed Pressure Drilling Service Market, By Geography · North America (US & Canada) · Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe) · Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific) · LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA) Managed Pressure Drilling Service Market Competitor overview Some key developments and strategies adopted by manufacturers in Managed Pressure Drilling Service are highlighted below. · In September 2021, Offshore drilling firm Aquadrill, formerly known as Seadrill Partners, has entered into a charter hire agreement with drilling contractor Diamond Offshore Drilling for its Auriga drillship. Aquadrill said that, under the contract, it would be the drillship’s rig manager and provide the 7th generation dynamically positioned drillship with a one-year drilling contract plus a one-year mutually agreed option for operations in the U.S. Gulf of Mexico. · In September 2021, Drilling services provider the ModuResources (MR) Group has acquired Deepwater Subsea, a specialist in subsea equipment, BOP compliance, and developer of the Janus24 real-time monitoring platform.Managed Pressure Drilling Service Market, Key Players · Baker Hughes Incorporated · Schlumberger Ltd · Weatherford International · Halliburton · Transocean · Aker Solutions
Table of Contents
Managed Pressure Drilling Service Market Study Global Market Analysis, Insights and Forecast, 2020-2027
1. Introduction 1.1. Research Scope 1.2. Market Segmentation 1.3. Research Methodology 1.4. Definitions and Assumptions 2. Executive Summary 3. Market Dynamics 3.1. Market Drivers 3.2. Market Restraints 3.3. Market Opportunities 4. Key Insights 4.1. Key Emerging Trends – For Major Countries 4.2. Latest Technological Advancement 4.3. Regulatory Landscape 4.4. Industry SWOT Analysis 4.5. Porters Five Forces Analysis 5. Global Managed Pressure Drilling Service Market Analysis (USD Billion), Insights and Forecast, 2020-2027 5.1. Key Findings / Summary 5.2. Market Analysis, Insights and Forecast – By Technology5.2.1. Constant Bottom-Hole Pressure (CBHP) 5.2.2. Mud Cap Drilling (MCD) 5.2.3. Return Flow Control Drilling (RFCD) 5.3. Market Analysis, Insights and Forecast – By Application5.3.1. Offshore 5.3.2. Onshore 5.4. Market Analysis, Insights and Forecast – By Region5.4.1. North America 5.4.2. Europe 5.4.3. Asia Pacific 5.4.4. Latin America, Middle East and Africa 6. North America Managed Pressure Drilling Service Market Analysis (USD Billion), Insights and Forecast, 2020-2027 6.1. Key Findings / Summary 6.2. Market Analysis, Insights and Forecast – By Technology6.2.1. Constant Bottom-Hole Pressure (CBHP) 6.2.2. Mud Cap Drilling (MCD) 6.2.3. Return Flow Control Drilling (RFCD) 6.3. Market Analysis, Insights and Forecast – By Application6.3.1. Offshore 6.3.2. Onshore 6.4. Market Analysis, Insights and Forecast – By Country 7. Europe Managed Pressure Drilling Service Market Analysis (USD Billion), Insights and Forecast, 2020-2027 7.1. Key Findings / Summary 7.2. Market Analysis, Insights and Forecast – By Technology7.2.1. Constant Bottom-Hole Pressure (CBHP) 7.2.2. Mud Cap Drilling (MCD) 7.2.3. Return Flow Control Drilling (RFCD) 7.3. Market Analysis, Insights and Forecast – By Application7.3.1. Offshore 7.3.2. Onshore 7.4. Market Analysis, Insights and Forecast – By Country7.4.1. UK 7.4.2. Germany 7.4.3. France 7.4.4. Italy 7.4.5. Spain 7.4.6. Russia 7.4.7. Rest of Europe 8. Asia Pacific Managed Pressure Drilling Service Market Analysis (USD Billion), Insights and Forecast, 2020-2027 8.1. Key Findings / Summary 8.2. Market Analysis, Insights and Forecast – By Technology8.2.1. Constant Bottom-Hole Pressure (CBHP) 8.2.2. Mud Cap Drilling (MCD) 8.2.3. Return Flow Control Drilling (RFCD) 8.3. Market Analysis, Insights and Forecast – By Application8.3.1. Offshore 8.3.2. Onshore 8.4. Market Analysis, Insights and Forecast – By Country8.4.1. China 8.4.2. India 8.4.3. Japan 8.4.4. Australia 8.4.5. South East Asia 8.4.6. Rest of Asia Pacific 9. Latin America, Middle East and Africa Managed Pressure Drilling Service Market Analysis (USD Billion), Insights and Forecast, 2020-2027 9.1. Key Findings / Summary 9.2. Market Analysis, Insights and Forecast – By Technology9.2.1. Constant Bottom-Hole Pressure (CBHP) 9.2.2. Mud Cap Drilling (MCD) 9.2.3. Return Flow Control Drilling (RFCD) 9.3. Market Analysis, Insights and Forecast – By Application9.3.1. Offshore 9.3.2. Onshore 9.4. Market Analysis, Insights and Forecast – By Country9.4.1. Brazil 9.4.2. Saudi Arabia 9.4.3. UAE 9.4.4. Rest of LAMEA 10. Competitive Analysis 10.1. Company Market Share Analysis, 2018 10.2. Key Industry Developments 10.3. Company Profile 10.4. Baker Hughes Incorporated10.4.1. Business Overview 10.4.2. Segment 1 & Service Offering 10.4.3. Overall Revenue 10.4.4. Geographic Presence 10.4.5. Recent Development *Similar details will be provided for the following companies
10.5. Schlumberger Ltd 10.6. Weatherford International 10.7. Halliburton 10.8. Transocean
List of Figures
List of Figures
Figure 1: Global Managed Pressure Drilling Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Managed Pressure Drilling Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Managed Pressure Drilling Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Managed Pressure Drilling Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Managed Pressure Drilling Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Managed Pressure Drilling Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Managed Pressure Drilling Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Managed Pressure Drilling Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Managed Pressure Drilling Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Managed Pressure Drilling Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Managed Pressure Drilling Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Managed Pressure Drilling Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Managed Pressure Drilling Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Managed Pressure Drilling Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Managed Pressure Drilling Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Managed Pressure Drilling Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Managed Pressure Drilling Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Managed Pressure Drilling Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Managed Pressure Drilling Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Managed Pressure Drilling Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Managed Pressure Drilling Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Managed Pressure Drilling Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Managed Pressure Drilling Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Managed Pressure Drilling Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Managed Pressure Drilling Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Managed Pressure Drilling Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Managed Pressure Drilling Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Managed Pressure Drilling Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Managed Pressure Drilling Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Managed Pressure Drilling Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Managed Pressure Drilling Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Managed Pressure Drilling Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Managed Pressure Drilling Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Managed Pressure Drilling Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Managed Pressure Drilling Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Managed Pressure Drilling Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Managed Pressure Drilling Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Managed Pressure Drilling Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Managed Pressure Drilling Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Managed Pressure Drilling Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Managed Pressure Drilling Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Managed Pressure Drilling Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Managed Pressure Drilling Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Managed Pressure Drilling Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Managed Pressure Drilling Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Managed Pressure Drilling Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Managed Pressure Drilling Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Managed Pressure Drilling Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Managed Pressure Drilling Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Managed Pressure Drilling Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Managed Pressure Drilling Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Managed Pressure Drilling Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Managed Pressure Drilling Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Managed Pressure Drilling Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Managed Pressure Drilling Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Managed Pressure Drilling Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Managed Pressure Drilling Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Managed Pressure Drilling Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Managed Pressure Drilling Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Managed Pressure Drilling Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Managed Pressure Drilling Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Managed Pressure Drilling Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Managed Pressure Drilling Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Managed Pressure Drilling Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Managed Pressure Drilling Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Managed Pressure Drilling Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Managed Pressure Drilling Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Managed Pressure Drilling Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Managed Pressure Drilling Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Managed Pressure Drilling Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Managed Pressure Drilling Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Managed Pressure Drilling Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Managed Pressure Drilling Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Managed Pressure Drilling Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Managed Pressure Drilling Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Managed Pressure Drilling Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Managed Pressure Drilling Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Managed Pressure Drilling Market Revenue (USD Billion) Forecast, by Country, 2016-2027