DIRECTIONAL DRILLING SERVICES MARKET ANALYSIS

Regional Analysis

• 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.