DIRECTIONAL DRILLING SERVICES MARKET ANALYSIS

Market News

Global Directional Drilling Services Market Key Developments:

• In May 2017, Halliburton Company has announced that it launched drilling operations in the Zhuravlinaya area of the Vostochno-Taimyrsky license block for Lukoil. This launch was commenced to maximize the asset value of the company in the Vostochno-Taimyrsky block.
• On 12^th March 2018, Nabors Industries announced the introduction of its Navigator software, which was developed for making the directional drilling faster, accurate, and efficient for placing their walls in the target zone. Moreover, the software automatically documents, evaluates and identifies the areas of improvement in terms of the directional drilling decisions.
• On 1^ST October 2019, Schlumberger Limited introduced the NeoSteer, at-bit steerable system (ABSS) at Society of Petroleum Engineers Annual Technical Conference and Exhibition (SPE ATCE). This launch was to improve the horizontal well drilling performance by providing increasing the rate of penetration in the curve and the lateral.