Directional Drilling Services Market Industry Research Report focuses Market Size, Share, Growth and Forecast to 2024. This marketing research Report based upon factors on which the businesses compete within the market and this factor which is beneficial and valuable to the business. This report was published stating that the worldwide ... Read more
Subsurface exploration plays a crucial role in various industries, including oil and gas, mining, geothermal energy, and civil engineering. Traditional drilling methods have limitations in terms of accessibility and accuracy, often leading to costly and time-consuming operations. However, the advent of directional drilling services has revolutionized the field, enabling more efficient and precise exploration of subsurface resources.
Market Overview:
The global directional drilling services market is estimated to be valued at US$ 10.38 billion in 2023 and is projected to reach US$ (market value for 2022) billion by 2023, with a CAGR of 9.3% during the forecast period of 2023-2030. Directional drilling services refer to the specialized techniques and equipment used to drill wells at various angles and directions, allowing for the extraction of oil ... Read more
Directional drilling is a process used in hydrocarbon exploration & production to drill wells deviating from the vertical trajectory in order to reach reservoirs located in remote or inaccessible locations. Modern directional drilling can drill lateral, multiple lateral, or horizontal legs from a vertical or a slanted well path. The drill bit is steered with a downhole motor and drilling assembly referred to as the bottomhole assembly. Directional drilling services provide the assembly ... Read more
