According to a recent study report published by the Market Research Future, the global market of Downhole Tools is booming and expected to gain prominence over the forecast period. The global Downhole Tools market is forecasted to demonstrate an exponential growth by 2023, surpassing its previous growth records in terms of value with a whooping, CAGR during the estimated period (2017 – 2023).
Downhole tools are the equipment that are used in numerous operations including the production of oil and gas, well interventions, well completions and well drilling. To perform these activities, a number of downhole tools like drilling jars, roller centralizers, shock tools, drag friction, tubular tools, drill pipes, and fishing tools are used. Other than this, these types of tools are also used in bottom hole assembly for well completions ... Read more