May 9, 2017 - 6:29 AM EDT
Print Email Article Font Down Font Up
Global Downhole Drilling Tools Market 2017-2021: Leading Vendors are Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger & Weatherford - Research and Markets

Research and Markets has announced the addition of the "Global Downhole Drilling Tools Market 2017-2021" report to their offering.

The analysts forecast the global downhole drilling tools market to grow at a CAGR of 4.40% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global downhole drilling tools market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The report also includes a discussion of the key vendors operating in this market.

One trend in market is supercritical carbon dioxide as a fracking fluid in shale gas fracking. Hydraulic fracturing is a process where large amounts of water, sand, and chemicals are injected into a well to break apart the rock and release the gas. Hydraulic fracturing, also known as fracking' uses water and chemicals to open the pores of the rock formation, which allows the oil and gas to flow to the well. Fracking is widely used and helps to increase productivity from the well.

According to the report, one driver in market is shifting focus toward ultradeep offshore wells. The era of easy oil is over. Oil and gas companies worldwide are looking for new explorations for the extraction of crude oil and natural gas. Drilling in offshore locations is more challenging than drilling onshore due to harsh weather conditions. Oil and gas companies have been very successful in onshore locations for over a century now. Offshore locations have been popular sources of oil and gas for nearly the same time as onshore drilling.

Key vendors

  • Baker Hughes
  • Halliburton
  • National Oilwell Varco
  • Schlumberger
  • Weatherford

Other prominent vendors

  • American Oilfield Tools
  • Bilco Tools
  • Challenger Downhole Tools
  • Downhole Oil Tools
  • Logan International
  • Magnum Oil Tools
  • Oil Tools International Services
  • Schoeller-Bleckmann Oilfield Equipment
  • Tasman
  • Wenzel Downhole Tools
  • Western Drilling Tools
  • Carlisle Interconnect Technologies
  • Cougar Drilling Solutions
  • Stabiltec Downhole Tools
  • Olympus Corporation
  • Gearcon Drilling Tools
  • Kennametal

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by product type

Part 07: Market segmentation by application

Part 08: Geographical segmentation

Part 09: Decision framework

Part 10: Drivers and challenges

Part 11: Market trends

Part 12: Vendor landscape

Part 13: Key vendor analysis

Part 14: Appendix

For more information about this report visit

Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Oilfield Equipment and Services

Source: Business Wire (May 9, 2017 - 6:29 AM EDT)

News by QuoteMedia

Legal Notice