DUBLIN--(BUSINESS WIRE)--The "Oil and Gas Wells Drilling Services Market Global Briefing 2018" report has been added to ResearchAndMarkets.com's offering.
To monitor the data continuously on surfaces, measurement while drilling (MWD) is used. It is a form of water logging technology which incorporates the measuring tools into the drillstring by further providing real time information to steer the drill. Unlike conventional logging tools, this technique can be used at extreme angles by encompassing a single module in the drill string. MWD technology uses gyroscopes, magnetometers and accelerometers to determine the borehole information by providing their wellbore position, directional data and the drill bit information. Companies such as GE, Shell, Exonn Mobil, National Oilwell Varco, Tolteq and BP are investing in these technologies for carrying out drilling activities.
Middle East was the largest region in the oil and gas wells drilling services market in 2017, accounting for around 24% market share. Asia Pacific was the second largest region accounting for around 19% market share. Africa was the smallest region accounting for around 6% market share.
The market size section gives the oil and gas market revenues, covering both the historic growth of the market and forecasting the future. Drivers and restraints looks at the external factors supporting and controlling the growth of the market.
Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in the last three years are identified.
The trends and strategies section highlights the likely future developments in the oil and gas wells drilling market and suggests approaches.
Scope
- Markets Covered: Oil and Gas Wells Drilling, Oil and Gas Supporting Activities
- Time Series: Five years historic (2013-17) and forecast (2017-21)
- Data: Market value in $ billions
- Data Segmentations: Regional breakdowns, market share of competitors, key sub segments
Companies Mentioned
- Saudi Aramco
- Kuwait Petroleum Corp.
- Rosneft
- ADNOC
- Iraq Ministry of Oil
- National Iranian Oil Company
- Exxon Mobil Corp.
- Statoil
- Royal Dutch Shell
- BP Plc
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