Managed Pressure Drilling Services Market Size, Share & Trends Analysis Report By Technology (MCD, CBHP, DGD, RFCD), By Application (Onshore, Offshore), By Region, And Segment Forecasts, 2024

Description

Managed Pressure Drilling Services Market Growth & Trends:

The global managed pressure drilling services market size is expected to reach USD 4.97 billion by 2030, expanding at a CAGR of 3.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. Factors such as rising hydrocarbon production cost coupled with depleting extraction rates in conventional onshore wells have led to increasing offshore exploration activities. This is likely to have a significant impact on the managed pressure drilling market. The success of these extraction techniques in areas which were previously considered to be uneconomical has stimulated the market growth.

MPD techniques do not provide any surface return; this restricts the sampling sources for geologists. A significant amount of drill fluids required and variation in MPD techniques is likely to limit the market growth during the forecast period. Technological advancements along with coupling MPD techniques with horizontal drilling in tight formations is anticipated to create new avenues for industry participants in the near future.

Constant bottom hole pressure (CBHP) emerged as the leading technology segment and accounted for 43.3% of the global revenue in 2015. This technique facilitates better safety of the sites by controlling the pressure and detecting early fluid losses. Mud cap drilling (MCD) technique is likely to lose share to CBHP and dual gradient drilling (DGD) technologies owing to the high cost associated with this technology.

Managed Pressure Drilling Services Market Report Highlights:

Offshore dominated the market and accounted for a share of 60.9% in 2023.
The U.S. held a 72.2% revenue share of the North American market in 2023 Significant development of offshore oil & gas wells in the Gulf of Mexico along with extremely complicated formations in the region is anticipated to drive managed pressure drilling services demand.
North America dominated the MPD services market in 2023. Technological advancements along with deployment of advanced drilling techniques in complex formations such as tar sands, tight oil, etc. in the U.S. and Canada are key factors for high industry penetration in the region.
Key market players include operating in the global managed pressure drilling services market include Baker Hughes Company, SABIC, Halliburton, SLB, Weatherford,ADC Services.

Product Code: 978-1-68038-889-3

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Global Managed Pressure Drilling Services Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. Global Managed Pressure Drilling Services Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. Consumer Behavior Analysis

4.1. Demographic Analysis
4.2. Consumer Trends & Preferences
4.3. Factors Influencing Buying Decisions
4.4. Consumer Product Adoption Trends
4.5. Observations & Recommendations

Chapter 5. Global Managed Pressure Drilling Services Market: Technology Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Global Managed Pressure Drilling Services Market: Technology Movement Analysis, USD Million, 2023 & 2030
5.3. MCD
- 5.3.1. MCD Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. CBHP
- 5.4.1. CBHP Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.5. DGD
- 5.5.1. DGD Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.6. RFCD
- 5.6.1. RFCD Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. Global Managed Pressure Drilling Services Market: Application Estimates & Trend Analysis

6.1. Segment Dashboard
6.2. Global Managed Pressure Drilling Services Market: Application Movement Analysis, USD Million, 2023 & 2030
6.3. Onshore
- 6.3.1. Onshore Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. 3 Offshore
- 6.4.1. Offshore Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 7. Global Managed Pressure Drilling Services Market: Regional Estimates & Trend Analysis

7.1. Global Managed Pressure Drilling Services Market Share, By Region, 2023 & 2030, USD Million
7.2. North America
- 7.2.1. North America Managed Pressure Drilling Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
  - 7.2.2.1. U.S. Managed Pressure Drilling Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
  - 7.2.3.1. Canada Managed Pressure Drilling Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
  - 7.2.4.1. Mexico Managed Pressure Drilling Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3. Europe
- 7.3.1. Europe Managed Pressure Drilling Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. UK
  - 7.3.2.1. UK Managed Pressure Drilling Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Norway
  - 7.3.3.1. Norway Managed Pressure Drilling Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.4. Russia
  - 7.3.4.1. Russia Managed Pressure Drilling Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4. Asia Pacific
- 7.4.1. Asia Pacific Managed Pressure Drilling Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. China
  - 7.4.2.1. China Managed Pressure Drilling Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. India
  - 7.4.3.1. India Managed Pressure Drilling Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.4. Australia
  - 7.4.4.1. Australia Managed Pressure Drilling Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5. Malaysia
  - 7.4.5.1. Malaysia Managed Pressure Drilling Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5. Latin America
- 7.5.1. Latin America Managed Pressure Drilling Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
  - 7.5.2.1. Brazil Managed Pressure Drilling Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.3. Argentina
  - 7.5.3.1. Argentina Managed Pressure Drilling Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Managed Pressure Drilling Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. Saudi Arabia
  - 7.6.2.1. Saudi Arabia Managed Pressure Drilling Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.3. UAE
  - 7.6.3.1. UAE Managed Pressure Drilling Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.4. Kuwait
  - 7.6.4.1. Kuwait Managed Pressure Drilling Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 8. Competitive Landscape

8.1. Recent Developments & Impact Analysis by Key Market Participants
8.2. Company Categorization
8.3. Company Heat Map Analysis
8.4. Company Profiles
- 8.4.1. Baker Hughes Company
  - 8.4.1.1. Participant's Overview
  - 8.4.1.2. Financial Performance
  - 8.4.1.3. Product Benchmarking
  - 8.4.1.4. Recent Developments/ Strategic Initiatives
- 8.4.2. Halliburton
  - 8.4.2.1. Participant's Overview
  - 8.4.2.2. Financial Performance
  - 8.4.2.3. Product Benchmarking
  - 8.4.2.4. Recent Developments/ Strategic Initiatives
- 8.4.3. SABIC
  - 8.4.3.1. Participant's Overview
  - 8.4.3.2. Financial Performance
  - 8.4.3.3. Product Benchmarking
  - 8.4.3.4. Recent Developments/ Strategic Initiatives
- 8.4.4. SLB
  - 8.4.4.1. Participant's Overview
  - 8.4.4.2. Financial Performance
  - 8.4.4.3. Product Benchmarking
  - 8.4.4.4. Recent Developments/ Strategic Initiatives
- 8.4.5. Weatherford
  - 8.4.5.1. Participant's Overview
  - 8.4.5.2. Financial Performance
  - 8.4.5.3. Product Benchmarking
  - 8.4.5.4. Recent Developments/ Strategic Initiatives
- 8.4.6. NOV
  - 8.4.6.1. Participant's Overview
  - 8.4.6.2. Financial Performance
  - 8.4.6.3. Product Benchmarking
  - 8.4.6.4. Recent Developments/ Strategic Initiatives
- 8.4.7. ADC Services
  - 8.4.7.1. Participant's Overview
  - 8.4.7.2. Financial Performance
  - 8.4.7.3. Product Benchmarking
  - 8.4.7.4. Recent Developments/ Strategic Initiatives
- 8.4.8. Salos Sunesis Limited
  - 8.4.8.1. Participant's Overview
  - 8.4.8.2. Financial Performance
  - 8.4.8.3. Product Benchmarking
  - 8.4.8.4. Recent Developments/ Strategic Initiatives
- 8.4.9. Stena Drilling Ltd
  - 8.4.9.1. Participant's Overview
  - 8.4.9.2. Financial Performance
  - 8.4.9.3. Product Benchmarking
  - 8.4.9.4. Recent Developments/ Strategic Initiatives
- 8.4.10. Aker Solutions
  - 8.4.10.1. Participant's Overview
  - 8.4.10.2. Financial Performance
  - 8.4.10.3. Product Benchmarking
  - 8.4.10.4. Recent Developments/ Strategic Initiatives
- 8.4.11. A.P. Moller - Maersk
  - 8.4.11.1. Participant's Overview
  - 8.4.11.2. Financial Performance
  - 8.4.11.3. Product Benchmarking
  - 8.4.11.4. Recent Developments/ Strategic Initiatives
- 8.4.12. Enhanced Drilling
  - 8.4.12.1. Participant's Overview
  - 8.4.12.2. Financial Performance
  - 8.4.12.3. Product Benchmarking
  - 8.4.12.4. Recent Developments/ Strategic Initiatives

Managed Pressure Drilling Services Market Size, Share & Trends Analysis Report By Technology (MCD, CBHP, DGD, RFCD), By Application (Onshore, Offshore), By Region, And Segment Forecasts, 2024 - 2030