india market entry with strong startegy & poliocies

GLOBAL DIRECTIONAL DRILLING MARKET

FORECAST & OPPORTUNITIES

2015 – 2025

MARKET INTELLIGENCE . CONSULTINGwww.techsciresearch.com

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Scope of ReportProduct of Interest (POI): Directional Drilling

Review Period

2015 – 2018

Base Year

2019

Estimated Year

2020

Forecast Period

2021 – 2025

Year Range

REGION

• North America

• Europe

• Middle East & Africa

• Asia-Pacific

• South America

The global directional drilling market is expected to witness significant growth during the forecastperiod owing to the increasing demand for energy, ongoing advancements in shale gas explorations,new oilfield discoveries, among others. Furthermore, technological developments in hydraulicfracturing and low breakeven prices have supported the oil and gas directional drilling activities in theonshore regions across the globe. Additionally, increasing E&P activities at different locations coupledwith adoption of advanced drilling techniques are further projected to propel the market over thecoming years.

Market Segmentation

SERVICE

• Drilling

• Logging-While-Drilling

(LWD)

• Measurement-While-

Drilling (MWD) & Survey

• Motors (MUD Motors)

• Others

TECHNOLOGY

• Wellbore Positioning

• Side Tracking

• Well Planning

• Others

TYPE

• At-Bit Steerable System

• Rotary Steerable System

COMPONENT

• Drilling Tool Rental

• Rig Rental

• OCTG Rental

• Consumables

• Others

APPLICATION

• Onshore

• Offshore

FIELD DEVELOPMENT TYPE

• Greenfield

• Brownfield

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Table of Contents

S. No. Contents Page No.

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

5. Global Directional Drilling Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Type (At-Bit Steerable System, Rotary Steerable System)

5.2.2. By Component (Drilling Tool Rental, Rig Rental, OCTG Rental, Consumables, Others)

5.2.3.By Service (Drilling, Logging-While-Drilling (LWD), Measurement-While-Drilling (MWD) & Survey, Motors (MUD Motors), Others)

5.2.4. By Technology (Wellbore Positioning, Side Tracking, Well Planning, Others)

5.2.5. By Application (Onshore v/s Offshore)

5.2.5.1. Offshore (Shallow, Deep, Ultra-deep)

5.2.6. By Field Development Type (Greenfield Vs Brownfield)

5.2.7. By Company (2019)

5.2.8. By Region (North America, Europe, Asia-Pacific, South America and Middle East & Africa)

5.3. Product Market Map

6. Asia-Pacific Directional Drilling Market Outlook


6.1.1. By Value


6.2.1. By Type

6.2.2. By Component

6.2.3. By Service

6.2.4. By Technology

6.2.5. By Application

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Table of Contents


6.2.6. By Field Development Type

6.2.7. By Country

6.3. Asia-Pacific: Country Analysis

6.3.1. China Directional Drilling Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Type

6.3.1.2.2. By Component

6.3.1.2.3. By Service

6.3.1.2.4. By Technology

6.3.1.2.5. By Field Development Type

6.3.2. Indonesia Directional Drilling Market Outlook


6.3.2.1.1. By Value


6.3.2.2.1. By Type





6.3.3. India Directional Drilling Market Outlook


6.3.3.1.1. By Value


6.3.3.2.1. By Type

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Table of Contents






6.3.4. Malaysia Directional Drilling Market Outlook


6.3.4.1.1. By Value


6.3.4.2.1. By Type





6.3.5. Thailand Directional Drilling Market Outlook


6.3.5.1.1. By Value


6.3.5.2.1. By Type





6.3.6. Australia Directional Drilling Market Outlook


6.3.6.1.1. By Value


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Table of Contents


6.3.6.2.1. By Type





7. Europe Directional Drilling Market Outlook


7.1.1. By Value


7.2.1. By Type

7.2.2. By Component

7.2.3. By Service




7.2.7. By Country

7.3. Europe: Country Analysis

7.3.1. Russia Directional Drilling Market Outlook


7.3.1.1.1. By Value


7.3.1.2.1. By Type





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Table of Contents


7.3.2. Norway Directional Drilling Market Outlook


7.3.2.1.1. By Value


7.3.2.2.1. By Type





7.3.3. United Kingdom Directional Drilling Market Outlook


7.3.3.1.1. By Value


7.3.3.2.1. By Type





7.3.4. Netherlands Directional Drilling Market Outlook


7.3.4.1.1. By Value


7.3.4.2.1. By Type




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Table of Contents



7.3.5. Denmark Directional Drilling Market Outlook


7.3.5.1.1. By Value


7.3.5.2.1. By Type





8. North America Directional Drilling Market Outlook


8.1.1. By Value


8.2.1. By Type

8.2.2. By Component

8.2.3. By Service




8.2.7. By Country

8.3. North America: Country Analysis

8.3.1. United States Directional Drilling Market Outlook


8.3.1.1.1. By Value


8.3.1.2.1. By Type

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Table of Contents






8.3.2. Mexico Directional Drilling Market Outlook


8.3.2.1.1. By Value


8.3.2.2.1. By Type





8.3.3. Canada Directional Drilling Market Outlook


8.3.3.1.1. By Value


8.3.3.2.1. By Type





9. South America Directional Drilling Market Outlook


9.1.1. By Value


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Table of Contents


9.2.1. By Type

9.2.2. By Component

9.2.3. By Service




9.2.7. By Country

9.3. South America: Country Analysis

9.3.1. Brazil Directional Drilling Market Outlook


9.3.1.1.1 By Value


9.3.1.2.1. By Type





9.3.2. Argentina Directional Drilling Market Outlook


9.3.2.1.1 By Value


9.3.2.2.1. By Type





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Table of Contents


9.3.2. Colombia Directional Drilling Market Outlook


9.3.2.1.1 By Value


9.3.2.2.1. By Type





10. Middle East & Africa Directional Drilling Market Outlook


10.1.1. By Value


10.2.1. By Type

10.2.2. By Component

10.2.3. By Service




10.2.7. By Country

10.3. MEA: Country Analysis

10.3.1. Saudi Arabia Directional Drilling Market Outlook


10.3.1.1.1 By Value


10.3.1.2.1. By Type

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Table of Contents






10.3.2. Kuwait Directional Drilling Market Outlook


10.3.2.1.1. By Value


10.3.2.2.1. By Type





10.3.3. UAE Directional Drilling Market Outlook


10.3.3.1.1. By Value


10.3.3.2.1. By Type





10.3.4. Nigeria Directional Drilling Market Outlook


10.3.4.1.1. By Value


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Table of Contents


10.3.4.2.1. By Type





11. Impact of COVID-19 on Global Directional Drilling Market

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

15. Strategic Recommendations

16. About Us & Disclaimer

RESEARCH METHODOLOGY

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Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in the global directional

drilling market, overall market size and segmental

market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary

and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about the global directional

drilling market.

Data

Collection

Data Filter

& AnalysisResearch &

Intelligence

Actionable

InsightsBusiness

Solution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

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Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of the global directional drilling market. The team has analyzed

the outlook of various segments of this market, while considering the major influencing factors such as increasing demand for energy, ongoing

advancements in shale gas explorations, new oilfield discoveries, among others. The study includes market forecasting, which would enable our clients

to take better decisions while planning their strategy to achieve sustainability in the global directional drilling market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value: Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive

secondary research and primary surveys, with various key opinion leaders/stakeholders, such as directional drilling companies, channel partners,

market influencers & end users, industry experts, and other industry participants.

• The team interviewed more than 15 – 20 directional drilling companies, 100 – 120 end users, and 15 – 20 industry experts and other value chain

stakeholders in the global directional drilling market to obtain the overall market size from 2015 to 2019, which was validated by the Delphi

technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2015-2019.

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• Respondents were asked about the current and future market growth rates, market shares by type, by component, by service, by technology, by

application, by field development type, by each region, and by company. Removing the outlier responses, the geometric mean of growth estimates

and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares

generated across various segments were further triangulated from other stakeholders.

Methodology Followed for Calculation of Market Shares:

Market shares by type, by component, by service, by technology, by application, by field development type, by each region and by company were

calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market

shares or revenue generated from various segments of directional drilling markets. The final shares were calculated by taking the geometric mean of

the responses gathered from key opinion leaders after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global directional

drilling market, TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

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TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used

the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that

the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD),

with the market size indicated in USD million.

Partial List of Companies Interviewed Key Secondary Sources

▪ Baker Hughes Company

▪ Halliburton Company

▪ Schlumberger Limited

▪ National Oilwell Varco, Inc.

▪ Gyrodata Incorporated

▪ Scientific Drilling International

▪ Leam Drilling Systems, LLC

▪ Weatherford International Inc.

▪ World Bank

▪ TechSci Research Proprietary Database & Knowledge

Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ News Dailies

▪ Credible Paid Databases

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INDUSTRY BRIEF

According to TechSci Research report, “Global Directional Drilling Market By Type (At-Bit Steerable System, Rotary Steerable

System), By Component (Drilling Tool Rental, Rig Rental, OCTG Rental, Consumables, Others), By Service (Drilling, Logging-While-

Drilling (LWD), Measurement-While-Drilling (MWD) & Survey, Motors (MUD Motors), Others), By Technology (Wellbore Positioning,

Side Tracking, Well Planning, Others), By Application (Onshore v/s Offshore), By Field Development Type (Greenfield Vs Brownfield),

By Region, Forecast & Opportunities, 2025”, the global directional drilling market is expected to grow at a steady rate during the

forecast period on account of the ongoing shale gas developments. However, growing focus on renewable and cleaner forms of

energy is expected to hamper the growth of market during forecast period. Additionally, stringent government regulatory policies

regarding oil & gas field developments are further expected to restrict the growth of market over 2025.

The global directional drilling market is segmented based on type, component, service, technology, application, field development

type, company and region. Based on type, the market can be bifurcated into at-bit steerable system and rotary steerable system. The

rotary steerable system is expected to dominate the market during forecast years. This can be attributed to the need for remote

steering which provides improved trajectory control resulting in reduced drilling time and smoother well bores. Based on service, the

market can be fragmented into drilling, logging-while-drilling (LWD), measurement-while-drilling (MWD) & survey, motors (MUD

Motors), and others. The measurement-while-drilling (MWD) & survey segment is expected to hold the largest market share during

forecast period. This can be ascribed to the ability to continuously monitor wellbore and the real time directional survey of downhole

conditions. Based on application, the market can be divided into onshore and offshore. The onshore segment is expected to

dominate the market over the course of next five years owing to the increasing number of maturing onshore wells.

Baker Hughes Company, Halliburton Company, Schlumberger Limited, National Oilwell Varco, Inc., Gyrodata Incorporated, Scientific

Drilling International, Leam Drilling Systems, LLC, Weatherford International Inc., Jindal Drilling & Industries Limited, Cathedral

Energy Services Ltd. and others are some of the leading players operating in global directional drilling market. The companies

operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share. For

instance, in October 2016, National Oilwell Varco, developed its closed loop automation system. This system uses intelligent controls

to develop its technology. This system is a combination of drilling systems, software application of eVolve Optimization Service, NOV

Operating System (NOVOS) and control systems. This system will enhance the operators drilling operations. Furthermore, in

September 2016, Halliburton Company released new drilling motors GeoForce Endure and StrataForce Endure motors, these motors

reduce non-productive time associated with chunking, and enhances the motors reliability in harsh environments.

“North America is expected to dominate the directional drilling market until 2025, owing to the ongoing technological advancements in

drilling such as long-reach horizontal well bores in the region. Furthermore, the increasing shale gas explorations especially in the

United states and Canada are projected to foster the growth of market during the forecast years. Additionally, increasing investments

by the governments across the globe and key players in the market is further spurring the growth of market in the region.” said Mr.

Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

https://www.techsciresearch.com/report/directional-drilling-market/4569.html

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SAMPLE DATA - SNAPSHOT

Global Directional Drilling Market Size, By Value (USD Million), 2015-2025F

5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

2015 2019 2020E 2025F

By Value (USD Million)

CAGR By Value CAGR By Value

XX% YY%

North America Directional Drilling Market Share, By Type, By Value, 2015–2025F

50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%

50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%

2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F

At-BitSteerableSystem

RotarySteerableSystem

United States Directional Drilling Market Share, By Component, By Value, 2015–2025F

20%20%

20%

20%

20%

20%

20%

20%

20%

20%

20%

20%20%

20%

20%

20%

20%

20%

20%

20%

20%

20%

20%20%

20%

20%

20%

20%

20%

20%

20%

20%

20%

20%20%

20%

20%

20%

20%

20%

20%

20%

20%

20%

20%20%

20%

20%

20%

20%

20%

20%

20%

20%

20%

2015

2016

2017

2018

2019

2020E

2021F

2022F

2023F

2024F

2025F

Drilling Tool Rental Rig Rental OCTG Rental Consumables Others

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FORECAST & OPPORTUNITIES

2015 – 2025

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About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas

to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting

models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and

global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the

market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or

complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand.

However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results

obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together

with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal

consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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