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 December 9, 2015 - 6:49 AM EST
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Research and Markets: Drill Pipe Market 2015 by Application (Offshore & Onshore) & Grade (API Grade & Premium Grade) - Global Trends & Forecast to 2020

Research and Markets (http://www.researchandmarkets.com/research/q54tm8/drill_pipe_market) has announced the addition of the "Drill Pipe Market by Application, by Grade, and by Region - Global Trends & Forecast to 2020" report to their offering.

The Drill Pipe Market Is Forecasted to Grow from an Estimated Value of USD 940.62 Million in 2015 to Reach USD 1,133.80 Million by 2020

Market for drill pipe is projected to grow with a CAGR of 3.8% from 2015 to 2020. The crude oil prices are expected to increase gradually in the short term and are expected to reach USD 80/ barrel by 2018. This rebound in oil prices will be spurred by the delay in capacity addition as the oil & gas companies are currently shelving new projects to reduce their capital expenditure. With the increase in the price of crude oil, the investments for E&P activities will also increase which will lead to new projects in regions such as Europe and Asia-Pacific that are looking to overturn their production decline. This will in turn create further demand for the drill pipe in these regions.

This report caters to the requirements of certain stakeholders in the drill pipe market which includes the drill pipe manufacturing companies, oilfield rental companies, drilling contractors, oilfield service companies, industrial associations, and private equity investors among others.

Global oil and gas production has increased over the last five years, from 81.15 Million barrels per day in 2009, to 88.67 Million barrels per day by 2014. This has led to the supply for oil & gas exceeding its demand which has ultimately caused a decline in the prices of crude oil during the last six months of 2014.

Consequently, the oil and gas operators have reduced their capital expenditure outlook for 2015 citing concerns over low profit margins. This reduction has mainly impacted the upstream exploration and production (E&P) activities. However, the declining production from onshore oilfields in countries such as Russia, the U.K. and India among others has resulted in higher demand for exploring new offshore reserves.

In this report, 2014 is considered as the base year and 2020 is considered as the forecast year. The report covers the grade of drill pipe as well as the application segments.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Drill Pipe Market, By Application

7 Drill Pipe Market, By Grade

8 Drill Pipe Market, By Region

9 Competitive Landscape

10 Company Profiles

- Dp Master

- Drill Pipe International Llc

- Hilong Group

- Jiangyin Long Bright Drill Pipe Manufacture Co. Ltd.

- National Oilwell Varco

- Oil Country Tubular Limited

- Superior Drill Pipe Manufacturing, Inc.

- Tejas Tubular Products Inc.

- Tenaris S.A.

- Texas Steel Conversion Inc.

- Tmk Group

- Vallourec S.A.

For more information visit http://www.researchandmarkets.com/research/q54tm8/drill_pipe_market

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Sector: Oil and Gas Exploration and Production


Source: Business Wire (December 9, 2015 - 6:49 AM EST)

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