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2019 Prediction for Directional Drilling

The market of directional drilling market is expanding each day due to the benefits and ease of use. The Advances in such technologies helps in improving the production rates, redevelop existing oilfield wells, facilitate production from unconventional resources.<br><br>Read this presentation to know more about the future of Directional Drilling.

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2019 Prediction for Directional Drilling

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  1. DIRECTIONAL DRILLING MARKET INDUSTRY FORECAST 2019

  2. INTRODUCTION With the passing time & the high demand for oil and gas the rising number of maturing oilfields has expanded the adoption of digital oilfield technology. The market of directional drilling market is expanding each day due to the benefits and ease of use. The Advances in such technologies helps in improving the production rates, redevelop existing oilfield wells, facilitate production from unconventional resources such as shale formation, and will improve the management.

  3. According to the reports the Directional drilling market is growing at CAGR of 10.42 percent from 2014 and it will grown even more till 2019. The steady growth in directional bore drilling market is expected due to increasing energy demands and innovative technologies like data analysis, digital oilfield, LWD estments. According to this report the largest market share is held by the rotary steerable segment, which can grow at a high rate in forecast period. The report says that demand of oil and gas is increasing and it is dividing the global directional drilling market. INTRODUCTION

  4. 2017 In 2017, nearly 43.0 percent of contractors have projected $1,000,000 worth of directional drilling work. Current report says that about 39.0 percent of contractors performed $1,000,000 to $5,000,000 of directional drilling projects and 9.0 percent had directional drilling contracts worth between $5,000,000 and $20,000,000 and 9.0 percent had completed projects in more than $20,000,000. 5,000,000 3,750,000 2,500,000 1,250,000 0 2017 2018

  5. 2018 In 2018, Directional drilling had accounted more than 47 percent of contractors’ work up till now while they anticipate that number will grow to almost 50 to 60 percent in the following five years.

  6. 2019 In 2019, just like now, water can be a stable and major niche for directional drilling. According to current reports it can direct 19.9 percent of the market. Still polyethylene pipes are on first number because of their high density and they are the most common type in the directional drilling market. They are used on nearly 47.0 percent of the directional drilling projects and also in 2019 they are expected to be number one. On second number Fusible and restrained joint PVC pipes are used in 25.0 percent of the projects.

  7. 2019 The ratio of PVC pipes can decrease in 2019 as people are switching to polyethylene pipes. Ratio of the steel pipes is 12.0 in 2018. In 2019 this ratio can decrease down to 8.0 or 9.0 percent. If we talk about ductile iron pipes, they are used about 9.0 percent in 2018 and their ratio will also reduce in 2019 just like steel and PVC pipes, while other type of pipes used in 7.0 percent of projects. 2019 43% 2018 57% PVC PIPES 2019 44% 2018 56% DUCTILE IRON PIPES

  8. CONCULSION Governments of different countries are trying to invest in directional drilling to enhance the global production of oil and gas and maintain the demand in the market. The high demand of oil and gas and rising numbers of oilfields are increasing the adoption of digital oilfield technology and innovative oilfield technology will increase production rates due to which, the future of directional drilling in 2019 seems quite bright.

  9. ABOUT US The company established in South Australia in September 1993 was formed to provide a specialized service to all divisions of the underground cabling and trenching industrial workplace. Trenchless Pipelaying Contractors has established a design cell with Telstra accredited designers. This has given us the capability to undertake Telstra based communications design requirements. Trenchless Pipelaying Contractors is a strongly Client focused company, this is evident from our Company Policies and Objectives in addition to our accreditation with the Civil Contractors Federation’s National Pre-qualification Certification and Cm3 Contractor Pre-qualification.

  10. CONTACT US TPC’s Rapid Response is a 24/7 on call service for Fibre Optic, Electrical and Communication breakdowns. It is free to have peace of mind and join our register as a High-Priority client, with TPC charging for service only when called to an emergency. PHONE LOCATION 42 – 46 KINKAID AVENUE NORTH PLYMPTON SOUTH AUSTRALIA 5037 FAX E-MAIL (08) 8376 5911 (08) 8376 5944 TPC@TRENCHLESSPIPELAYING.COM.AU

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