Directional Drilling Services MarketSize and Trends

The MWD and Survey are anticipated to be the dominant segment in the directional drilling services market, owing to its application in controlling the trajectory of the well while drilling. These techniques are anticipated to have wide use over the forecast period in North America and the Asia Pacific.

The onshore segment is the dominant segment of the directional drilling services market, owing to the maturing and aging onshore fields. However, offshore oilfield activities are witnessed to be at the fastest growing pace due to the development of new projects on deep and ultra-deep waters in the last few decades.

Global Directional Drilling Services Market Outlook

North America region is witnessed to be the largest market in the directional drilling services, owing to the shale gas revolution and increase in E&P in the Gulf of Mexico. Shale gas exploration and production activities have taken major hike in economies such as the U.S. and Canada, which is immensely boosting the directional drilling services market in this region. Advancement in technology namely long horizontal wellbores and other completion techniques are fueling the growth of the directional drilling market in this region. E&P activities from oil sands and tight reservoirs in Canada have further boosted the directional drilling services market in this region. Moreover, according to the U.S Energy Information Administration, 77 percent of the wells in America were horizontal in 2015.
The Middle East region is anticipated to have a significant market in the directional drilling services market, owing to the new discoveries in the oilfield and augment in energy demand in this region. Almansoori is one of the largest companies that provide directional drilling services providing 800 wells in this region.
The Asia Pacific is witnessed to have a high growth rate in the directional drilling services market. The growth of this region is driven by the increase in E&P activities in emerging economies such as China and India. Therefore, major players such as Africa and the Middle East are looking for investment opportunities in this region.