In the trade for directional drilling solutions & services, the MWD tools category dominated amongst solutions in 2017 and is predicted to continue to do so over the projected period. One of the principal elements increasing competition for measurements while drilling tool is the rise in unconventional and deep-water exploration & production (E&P) and drilling operations as well as the rising desire for greater efficiency and productivity of drilling activities (MWD). Consequently, during the period of forecasting, it is anticipated that the segment's growth will be boosted. A lot of drilling is also being done, which calls for MWD, due to the rising demand for gas and petroleum products.
The global The Directional Drilling Solutions & Services Market was valued at US$ 11.23 Bn in 2021 and is expected to reach US$ 25.05 Bn by 2030, growing at a CAGR of 9.5% between 2022 and 2030.
Leading Companies in the The Directional Drilling Solutions & Services Industry :
1. Nabors Industries Ltd.
Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells. Nabors Industries Ltd. was founded in 1952 and is based in Hamilton, Bermuda.
2. Parker Drilling
Parker Drilling Company provides contract drilling and drilling-related services, and rental tools and services to the energy industry. Parker Drilling Company was founded in 1934 and is headquartered in Houston, Texas.
3. Newsco International Energy Services Inc.
Since 1994 Newsco is a global Directional Drilling and MWD service company. It has headquarters situated in Alberta, Canada.
4. KAMBI Enterprises Inc.
Since 1999, KAMBI has been one of the leaders in providing reliable measurement while drilling services to large and small oil and gas companies. It has headquarters situated in Alberta, Canada.
5. APS Technology, Inc.
APS was founded in 1993 by the oilfield pioneers who developed the first commercial Measurement While Drilling / Logging While Drilling technologies. It has headquarters situated in Wallingford, USA.
6. Beijing Geoshine Oilfield Technology Services Co., Ltd.
The company was founded in 2007 provides directional and horizontal drilling services. It has headquarters situated in Beijing, China.
7. Segofs Energy Services Limited
Founded in 2006 with a mission to build a world class integrated drilling, petroleum and facilities engineering services group, SEGOFS Energy Services Ltd. It has headquarters situated in Rivers State, Nigeria.
8. General Electric Company
General Electric Company operates as a high-tech industrial company. General Electric Company was incorporated in 1892 and is headquartered in Boston, Massachusetts. In December, 2022 GE Gas Power and MYTILINEOS, announced they have secured an order from the electricity Supply Board of Ireland for the construction of new gas fired power plant in Dublin.
9. Scientific Drilling International
Scientific Drilling International since 1969 is the largest independent service provider of global high accuracy wellbore navigation and directional drilling services. It has headquarters situated in Houston, TX and is operational in more than 26 countries. In June, 2021 Scientific Drilling International announced strategical partnership with NaftoServ in Turkey.
10. Weatherford
Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company was incorporated in 1972 and is based in Houston, Texas. In August, 2020 Weatherford International plc announced a strengthened collaboration with upstream data visualization provider INT to provide next-level, real-time well visualization in both 2D and 3D.
*Definition- Given the high prevalence of directional drilling equipment such rotary steerable systems and mud motors, rental services are preferred since they allow customers to hire the necessary goods and services as needed.
