The demand for energy and power is ever increasing and has resulted in increasing exploration activities both onshore and offshore. Exploration has resulted in increasing drilling activities which is pushing the demand in the Managed Pressure drilling market. Increasing exploration activities in deep water and ultra-deep water will significantly contribute towards the growth and development of the Managed Pressure drilling market.
The transformation of managed pressure drilling from an answer for non-drillable wells to an active way out for well control has surged the growth of the market significantly over the last few years. Implementation of managed pressure drilling (MPD) has expanded considerably since it reduces the occurrence of drilling-related issues and help decrease the nonproductive time. ... Read more