Managed Pressure Drilling (MPD) Equipment Are Gaining Demand across the World

Managed Pressure Drilling (MPD) Equipment

Definition

The MPD services are majorly used for controlling and monitoring of wellbore pressures, because it effectively moderates the drilling hazards such as differential sticking, fluid loss, nuisance gas zones, lost circulation by reducing the possibilities of blowouts and other unrestrained fluctuations of bottom whole pressure.

Drivers & Restraints

Sustained fossil fuel demand coupled with declining production of onshore oil & gas reserves is expected to drive the Managed Pressure Drilling (MPD) Equipment market growth over the forecast period. These services are predominantly used to monitor and control the wellbore pressures. The increasing success rate of managed drilling services over other conventional techniques is also anticipated to boost the market penetration.

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Segments-

Type-

Constant Bottom Hole Pressure (CBHP)

Return Flow Control Drilling (RFCD)

Mud Cap Drilling (MCD)

Dual Gradient Drilling (DGD)

Application-

Onshore

Offshore s

Regional Analysis

The market has been segment into North America, South America, Europe, Asia-Pacific, and Middle East and Africa. Canada is expected to witness significant growth rate over the next seven years owing to development of alternative sources for drilling including tight oil and tar sands.

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Companies-

  • Weatherford International Ltd.
  • Halliburton Company
  • Baker Hughes Incorporated
  • Schlumberger Limited
  • National Oilwell Varco, L.P.
  • Aker Solutions
  • Ensign Energy Services Inc.
  • STRATA Energy Services Inc.
  • Blade Energy Partners, Ltd.
  • Archer