Energy and Power

Market Analysis  The global directional drilling market will develop at 13.8% CAGR between 2023- 2030, states the recent Market Research Future (MRFR) analysis. Directional drilling, simply put, is targeted drilling that includes attacking wells from different angles and also to better access oil & gas reserves. It uses various instruments like drill bits, 3D measuring devices, whip stocks, and mud motors. Directional drilling also helps in the boring of several wells with the same vertical bore that reduces the environmental effects of the process.  Various factors are propelling the global directional drilling market share. According to the recent MRFR report, such factors include the growing demand for onshore exploration activities, rapid economic development across the globe, high accuracy of these methods, decreasing extraction costs, increased efficiency, greater profits, tapping of unexplored oil reserves, and increased production of shale gas.  On th...

Market Analysis  The global directional drilling market will develop at 13.8% CAGR between 2023- 2030, states the recent Market Research Future (MRFR) analysis. Directional drilling, simply put, is targeted drilling that includes attacking wells from different angles and also to better access oil & gas reserves. It uses various instruments like drill bits, 3D measuring devices, whip stocks, and mud motors. Directional drilling also helps in the boring of several wells with the same vertical bore that reduces the environmental effects of the process.  Various factors are propelling the global directional drilling market share. According to the recent MRFR report, such factors include the growing demand for onshore exploration activities, rapid economic development across the globe, high accuracy of these methods, decreasing extraction costs, increased efficiency, greater profits, tapping of unexplored oil reserves, and increased production of shale gas.  On th...

Market Analysis  Directional drilling is the process of drilling a wellbore at an angle from the vertical plane. It is used to access oil and gas reserves that are located in difficult-to-reach areas, such as under water or beneath populated areas. Directional drilling is also used to drill horizontal wells, which can produce more oil and gas than vertical wells. The directional drilling market is expected to grow at a compound annual growth rate (CAGR) of 13.8% from 2023 to 2030, reaching a value of USD 13.8 billion by 2030. Directional drilling, simply put, is targeted drilling that includes attacking wells from different angles and also to better access oil & gas reserves. It uses various instruments like drill bits, 3D measuring devices, whip stocks, and mud motors. Directional drilling also helps in the boring of several wells with the same vertical bore that reduces the environmental effects of the process.  Various factors are propelling the global direct...