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Managed Pressure Drilling Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 145 pages | ID: M3FA4D066CDCEN
IMARC Group

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Market Overview:

The global managed pressure drilling services market size reached US$ 3.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.

Managed pressure drilling (MPD) aids in controlling the annular pressure profile precisely throughout the wellbore. It helps avoid the continuous influx of formation fluids to the surface and enables a more accurate bottom hole pressure management, resulting in fewer pressure fluctuations and improved control of the well. It facilitates operators drilling complex onshore wells and workers drilling from mobile offshore drilling units (MODUs) with a surface blowout preventer (BOP). At present, MPD services find applications in the oil and gas sector across the globe as they are cost-effective and reliable.

Managed Pressure Drilling Services Market Trends:
The increasing offshore oil and gas exploration and production (E&P) activities around the world represent one of the key factors stimulating the growth of the market. Moreover, the well drilling system is open to the atmosphere in conventional drilling. The drilling fluid exits via a bell nipple, then through a flowline to mud-gas separation and solids control equipment. This presents difficulties during operations, which is challenging for the drilling engineers. However, MPD relies on a closed-loop system that helps determine the downhole pressure limits and manage the annular pressure profile accordingly. It also allows faster corrective action to deal with observed pressure variations. This, coupled with advancements in the processes, techniques, technologies, and innovations associated with well drilling activities, is creating a positive outlook for the market. Apart from this, MPD offers numerous benefits in terms of project economics and reduced non-productive time (NPT), which are substantial in the offshore structure, where any downtime significantly impacts the project cost. These advantages are anticipated to strengthen the growth of the market in the upcoming years.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global managed pressure drilling services market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on technology and application.

Breakup by Technology:

Constant Bottom Hole Pressure
Mud Cap Drilling
Dual Gradient Drilling
Return Flow Control Drilling

Breakup by Application:

Onshore
Offshore

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Air Drilling Associates Inc., Blade Energy Partners Ltd., Enhanced Well Technologies AS, Ensign Energy Services Inc., Exceed (XCD) Holdings Ltd., Global MPD Services Inc., Halliburton Company, Nabors Industries Ltd., Nov Inc., Pruitt Tool & Supply Co Inc., Schlumberger Limited and Weatherford International plc.

Key Questions Answered in This Report:
How has the global managed pressure drilling services market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global managed pressure drilling services market?
What are the key regional markets?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global managed pressure drilling services market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL MANAGED PRESSURE DRILLING SERVICES MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast

6 MARKET BREAKUP BY TECHNOLOGY

6.1Constant Bottom Hole Pressure
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2Mud Cap Drilling
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3Dual Gradient Drilling
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4Return Flow Control Drilling
  6.4.1 Market Trends
  6.4.2 Market Forecast

7 MARKET BREAKUP BY APPLICATION

7.1Onshore
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2Offshore
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY REGION

8.1North America
  8.1.1 United States
    8.1.1.1 Market Trends
    8.1.1.2 Market Forecast
  8.1.2 Canada
    8.1.2.1 Market Trends
    8.1.2.2 Market Forecast
8.2Asia-Pacific
  8.2.1 China
    8.2.1.1 Market Trends
    8.2.1.2 Market Forecast
  8.2.2 Japan
    8.2.2.1 Market Trends
    8.2.2.2 Market Forecast
  8.2.3 India
    8.2.3.1 Market Trends
    8.2.3.2 Market Forecast
  8.2.4 South Korea
    8.2.4.1 Market Trends
    8.2.4.2 Market Forecast
  8.2.5 Australia
    8.2.5.1 Market Trends
    8.2.5.2 Market Forecast
  8.2.6 Indonesia
    8.2.6.1 Market Trends
    8.2.6.2 Market Forecast
  8.2.7 Others
    8.2.7.1 Market Trends
    8.2.7.2 Market Forecast
8.3Europe
  8.3.1 Germany
    8.3.1.1 Market Trends
    8.3.1.2 Market Forecast
  8.3.2 France
    8.3.2.1 Market Trends
    8.3.2.2 Market Forecast
  8.3.3 United Kingdom
    8.3.3.1 Market Trends
    8.3.3.2 Market Forecast
  8.3.4 Italy
    8.3.4.1 Market Trends
    8.3.4.2 Market Forecast
  8.3.5 Spain
    8.3.5.1 Market Trends
    8.3.5.2 Market Forecast
  8.3.6 Russia
    8.3.6.1 Market Trends
    8.3.6.2 Market Forecast
  8.3.7 Others
    8.3.7.1 Market Trends
    8.3.7.2 Market Forecast
8.4Latin America
  8.4.1 Brazil
    8.4.1.1 Market Trends
    8.4.1.2 Market Forecast
  8.4.2 Mexico
    8.4.2.1 Market Trends
    8.4.2.2 Market Forecast
  8.4.3 Others
    8.4.3.1 Market Trends
    8.4.3.2 Market Forecast
8.5Middle East and Africa
  8.5.1 Market Trends
  8.5.2 Market Breakup by Country
  8.5.3 Market Forecast

9 SWOT ANALYSIS

9.1Overview
9.2Strengths
9.3Weaknesses
9.4Opportunities
9.5Threats

10 VALUE CHAIN ANALYSIS

11 PORTERS FIVE FORCES ANALYSIS

11.1Overview
11.2Bargaining Power of Buyers
11.3Bargaining Power of Suppliers
11.4Degree of Competition
11.5Threat of New Entrants
11.6Threat of Substitutes

12 PRICE ANALYSIS

13 COMPETITIVE LANDSCAPE

13.1Market Structure
13.2Key Players
13.3Profiles of Key Players
  13.3.1Air Drilling Associates Inc.
    13.3.1.1 Company Overview
    13.3.1.2 Product Portfolio
  13.3.2Blade Energy Partners Ltd.
    13.3.2.1 Company Overview
    13.3.2.2 Product Portfolio
  13.3.3Enhanced Well Technologies AS
    13.3.3.1 Company Overview
    13.3.3.2 Product Portfolio
  13.3.4Ensign Energy Services Inc.
    13.3.4.1 Company Overview
    13.3.4.2 Product Portfolio
    13.3.4.3 Financials
  13.3.5Exceed (XCD) Holdings Ltd.
    13.3.5.1 Company Overview
    13.3.5.2 Product Portfolio
  13.3.6Global MPD Services Inc.
    13.3.6.1 Company Overview
    13.3.6.2 Product Portfolio
  13.3.7Halliburton Company
    13.3.7.1 Company Overview
    13.3.7.2 Product Portfolio
    13.3.7.3 Financials
    13.3.7.4 SWOT Analysis
  13.3.8Nabors Industries Ltd.
    13.3.8.1 Company Overview
    13.3.8.2 Product Portfolio
    13.3.8.3 Financials
    13.3.8.4 SWOT Analysis
  13.3.9Nov Inc.
    13.3.9.1 Company Overview
    13.3.9.2 Product Portfolio
    13.3.9.3 Financials
    13.3.9.4 SWOT Analysis
  13.3.10Pruitt Tool & Supply Co Inc.
    13.3.10.1 Company Overview
    13.3.10.2 Product Portfolio
  13.3.11Schlumberger Limited
    13.3.11.1 Company Overview
    13.3.11.2 Product Portfolio
    13.3.11.3 Financials
    13.3.11.4 SWOT Analysis
  13.3.12Weatherford International plc
    13.3.12.1 Company Overview
    13.3.12.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Managed Pressure Drilling Services Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Managed Pressure Drilling Services Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 3: Global: Managed Pressure Drilling Services Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Managed Pressure Drilling Services Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Managed Pressure Drilling Services Market: Competitive Structure
Table 6: Global: Managed Pressure Drilling Services Market: Key Players


LIST OF FIGURES

Figure 1: Global: Managed Pressure Drilling Services Market: Major Drivers and Challenges
Figure 2: Global: Managed Pressure Drilling Services Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Managed Pressure Drilling Services Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Managed Pressure Drilling Services Market: Breakup by Technology (in %), 2022
Figure 5: Global: Managed Pressure Drilling Services Market: Breakup by Application (in %), 2022
Figure 6: Global: Managed Pressure Drilling Services Market: Breakup by Region (in %), 2022
Figure 7: Global: Managed Pressure Drilling Services (Constant Bottom Hole Pressure) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Managed Pressure Drilling Services (Constant Bottom Hole Pressure) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Managed Pressure Drilling Services (Mud Cap Drilling) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Managed Pressure Drilling Services (Mud Cap Drilling) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Managed Pressure Drilling Services (Dual Gradient Drilling) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Managed Pressure Drilling Services (Dual Gradient Drilling) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Managed Pressure Drilling Services (Return Flow Control Drilling) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Managed Pressure Drilling Services (Return Flow Control Drilling) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Managed Pressure Drilling Services (Onshore) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Managed Pressure Drilling Services (Onshore) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Managed Pressure Drilling Services (Offshore) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Managed Pressure Drilling Services (Offshore) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: North America: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: North America: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: United States: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: United States: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Canada: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Canada: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Asia-Pacific: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Asia-Pacific: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: China: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: China: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Japan: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Japan: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: India: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: India: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: South Korea: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: South Korea: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Australia: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Australia: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Indonesia: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Indonesia: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Others: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Others: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Europe: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Europe: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Germany: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Germany: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: France: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: France: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: United Kingdom: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: United Kingdom: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Italy: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Italy: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Spain: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Spain: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Russia: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Russia: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Others: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Others: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Latin America: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Latin America: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Brazil: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Brazil: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Mexico: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Mexico: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Others: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Others: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Middle East and Africa: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Middle East and Africa: Managed Pressure Drilling Services Market: Breakup by Country (in %), 2022
Figure 67: Middle East and Africa: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Global: Managed Pressure Drilling Services Industry: SWOT Analysis
Figure 69: Global: Managed Pressure Drilling Services Industry: Value Chain Analysis
Figure 70: Global: Managed Pressure Drilling Services Industry: Porter's Five Forces Analysis


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