Directional Drilling is a drilling technique which involves controlling the direction and deviation of a wellbore to a targeted location. Directional drilling allows drilling of multiple wells from a single site and provides access to such oil and gas producing zones which can’t be reached with normal vertical-drilling practices.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the application type, the market is segmented as onshore applications and offshore applications. Onshore application is likely to dominate the directional drilling services market during the forecast period, driven by the large number of mature onshore wells, globally.

Based on the drilling technique type, the directional drilling services market is segmented as conventional methods and rotary steerable system. Rotary steerable system is expected to be the faster-growing technique during the forecast period due to the various advantages offered by it, such as reduced drilling time and smoother well bores.

Based on the service type, the market is segmented LWD, MWD & Survey, RSS, and motors. The Measurement-While-Drilling (MWD) & Survey segment is estimated to register the highest growth during the forecast period owing to the ability to incessantly monitor wellbore and the real time directional survey of downhole conditions.

In terms of regions, North America dominated the directional drilling service market in 2019, and is expected to lead the market during the forecast period as well. The region’s market is driven by the growing share of tight oil and shale gas and the use of multi-stage hydraulic fracturing completion technique. Europe and Asia-Pacific are also expected to offer considerable growth opportunities during the forecast period.

Key Players:               

• Baker Hughes, a GE Company LLC

• Halliburton Company

• National Oilwell Varco, Inc.

• Schlumberger Limited

• Weatherford International PLC.