Wired Drill Pipe Global Market Size, Business Operation Data, Study with focus on Company Profile | Industry Top Manufactures Analysis and Opportunity Assessment 2018-2023

The Wired Drill Pipe Market is expected to reach USD 1.1 Billion by 2023 and is expected to grow at a CAGR of 3.2% during the forecast period.

Global Wired Drill Pipe Market Information Report, By Location , By Component Type , By Application (Data Collection, Managed Pressure Drilling, Wellbore integrity in Deep Ultra-Depleted Reservoirs) and By Region – Global Forecast To 2023

Market Highlights:-

Globally, wired drill pipes are increasingly used in regions where oil exploration and drilling activities are done to determine the existence of a resource. Globally North-America’s Oil & Gas Drilling Activity holds about 40% of the world’s current oil & gas drilling activity. The need to find exploration of new shale oil & gas in this region is on the verge of phenomenal growth with conventional and modern drilling methods. Conventional drilling methods and data processing of these activities consume substantial time to generate the data and transmit it to the operators, this results into lower productivity and higher operational time. With wired drill pipes and implementation of modern drilling techniques, real time data from a drilling well from any location can be shared across the world.  

Wired Drill Pipes  Market – Competitive Analysis

The wired drill pipes market is anticipated to have enormous amount of developments during the forecast period, due to increased drilling activities especially in geographically difficult areas. The market is also likely to have huge growth prospect in the North America region and in the African region as these regions are currently witnessing a huge oil and gas drilling activities. 

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Global Wired Drill Pipes Global Market – Segmentation

The scope of global Wired Drill Pipes market is segmented into four major segments which are explained below:

  • By Location
    • Onshore
    • Offshore
  • By Component Type
    • Telemetry
    • Electrical Conductors
    • Electrical Transmitters
    • Pressure sensors
    • Others
  • By Application
    • Data Collection
    • Managed Pressure Drilling
    • Wellbore integrity checking
  • By Regions
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World

Market Players :-

Schlumberger Limited (U.S.), The Halliburton Company (U.S.), IntelliServ (NOV) (U.S.), Baker Hughes (U.S.) and Weatherford International PLC (U.S.).and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Wired Drill Pipes market.

Major Point of Virtual Power Plant Market TOC:-

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.2 Research Process

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

To be continued……..

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Industry News

In July, 2017 – Maersk Drilling and National Oilwell Varco (NOV) recently collaborated on a project in the Norwegian North Sea in which wired drill pipe technology was installed and deployed on a jackup to improve the drilling process. The specific difficulties of the Norwegian fields was the major factor in implementing the technology in the region.                 

In January, 2018 – National Oilwell Varco, one of the major offshore services company, partnered with Statoil on their Barents Sea exploration drilling campaign in 2017 to prove that wired drill pipe was a viable technology, implement wired drill pipe as part of Statoil’s broader digitalization and automated drilling strategy, and increase drilling efficiency and safety in environment-sensitive wells

 

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