Energy and Power Managed Pressure Drilling Services Market | Page 2

Growing energy demand coupled with declining production in onshore fields would drive the
demand for new drillings, particularly in the offshore region. Apart from this, the success of
managed pressure drilling in fields that were earlier considered uneconomical to drill would
increase the demand for managed pressure drilling services. The global managed pressure
drilling services market has been analyzed based on type, application, and region. The report
covers regions including North America, Asia-Pacific, Europe, the Middle East, Latin America, and
Africa.
Offshore segment is expected to lead the market
Managed pressure drilling is mainly used in offshore drilling because of high -cost associated with
it. Meanwhile, increasing exploration activities in deepwater and ultra deepwater regions, mainly
in Europe and Africa, where recent oil & gas discoveries have been in offshore are contributing to
the growth of the managed pressure drilling services market.
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North America: the largest market for managed pressure drilling services
North America is projected to be the largest market for managed pressure drilling services till
2021. Within North America, the U.S. is the largest market, accounting for the maximum share.
Meanwhile, Canada is also expected to show reasonable growth, given its development of
unconventional sources, such as tar sands and tight oil. Meanwhile, Africa is the fastest growing
within the managed pressure drilling services market, due to the recent discoveries occ urring
offshore in countries such as Angola, Tanzania, and Mozambique, among others. In addition,
offshore developments in the Red Sea region by countries such as Saudi Arabia, Qatar, and UAE
is expected to drive the growth of the Middle East managed pressure drilling services market.
The report covers both applications (onshore & offshore), technologies (Constant Bottom Hole
Pressure (CBHP), Dual Gradient Drilling (DGD), Mud Cap Drilling (MCD), and Return F low Control
Drilling (RFCD), and regional trends. It defines and segments the managed pressure drilling
services market with analysis and forecast of the global E&P revenue and applications. It also
identifies driving and restraining factors for the managed pressure drilling services market, with
an analysis of trends, opportunities, burning issues, and winning imperatives.
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