Global Underbalanced Drilling Market: 2019-2027


Underbalanced Drilling Market is expected to grow at a CAGR of 5.1% during the forecast period and is expected to reach US$ 1424.2 Mn by 2027.

The report covers the detailed analysis Underbalanced Drilling industry with the classifications of the market on the product type, applications, and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players' contribution in it.

Global Underbalanced Drilling Market Snapshot

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The report has profiled major key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in Europe region. The major country’s policies about the oil and gas industry and its impact on underbalance drilling market are covered in the report.

Global Underbalanced Drilling Market Overview:

The key factors driving the development of the global underbalanced drilling market comprise increasing demand for crude oil due to rapid urbanization, growing exploration & drilling activities, & discovery of new oil & gas deposits. Moreover, many oil & gas operators are capitalizing in the oil and gas industry owing to fluctuating crude oil prices. Furthermore, the expected high growth of underbalanced drilling is owing to the higher penetration rates, growing concern about formation damage, & the ability to decrease lost circulation in depleted reservoirs. Moreover, the current trend in drilling & completion activities also presents a development opportunity for the global underbalanced drilling market.

Global Underbalanced Drilling Market

Additionally, the global underbalanced drilling market is expected to grow at a significant rate during the forecast period because of an immediate need to raise productivity & dropping drilling damage. Oil & gas key players are considering an investment in innovative techniques including underbalanced drilling, which raises the productivity of the drilling process & delivers cost savings in the digital transformation of the oil & gas industry.

Global Underbalanced Drilling Market Dynamics:

According to MMR study, the oil demand is projected to grow by 6.86 Mn barrels a day by 2023. Thus, governments around the world have established attractive investment strategies to increase their refinery capacity that would further push market growth. For example, in 2018, Indian Oil Corporation declared its strategies to invest around USD 24.83 Bn to rise its refinery & drilling capacity, increase its petrochemical production, increase gas business, & extend its drilling procedure. Similarly, in May 2018, Abu Dhabi National Oil Company financed USD 45 Bn to increase its facility into one of the world’s major refining & petrochemical plants, which would lift its refining capacity by 64.76 percent to 1.47 Bn barrels per day by 2025. These investments would in turn push the need for efficient drilling methods in a refinery, thereby driving the market for underbalanced drilling.

Major Key Players in the market are actively concentrating on signing contracts & agreements with oil & gas operators to bid the best appropriate underbalanced drilling systems. For example, in April 2019, Northland Energy Corporation, an entirely held subsidiary of Precision Drilling Corporation, signed an agreement with PEMEX for delivering integrated multi-well contracts for underbalanced drilling & separation services in the southern area of Mexico. This would also increase the need for proper underbalanced drilling, which is an essential part of exploration & drilling.

Global Underbalanced Drilling Market Regional Insights:

Global Underbalanced Drilling Market1

North America is leading the global underbalanced drilling services market & the trend will remain the same during the forecast period

Thanks to the discovery of shale reserves in the United States & the existence of oil key players. The United States oil rig count improved by near 41.65 % in 2019 as compared to that in 2018 because of the recovery in crude oil prices.

Latin America is anticipated to hold a major share of the market during the forecast period

Findings of substantial shale & oil reserves in the Amazon basin & Venezuela. Brazil and Mexico are profitable countries for the market in this region. Mexico is expected to expand at a substantial pace owing to the development of a large number of oil wells in the Gulf of Mexico. MEA & Africa region is a key oil producer in the world. Offshore developments & findings mainly in the Red Sea region by countries with Qatar, UAE, & Saudi Arabia are expected to drive the MEA underbalanced drilling services market.

The objective of the report is to present a comprehensive analysis of the Global Underbalanced Drilling Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Underbalanced Drilling Market dynamics, structure by analyzing the market segments and project the Global Underbalanced Drilling Market size. Clear representation of competitive analysis of key players By Technique, price, financial position, product portfolio, growth strategies, and regional presence in the Global Underbalanced Drilling Market make the report investor’s guide.

Global Underbalanced Drilling Market Scope: Inquire before buying


Global Underbalanced Drilling Market, by Technique

• Lightweight Drilling Fluids
• Gas Injection
• Foam Injection

Global Underbalanced Drilling Market, by Application

• Onshore
• Offshore

Global Underbalanced Drilling Market, by Region

• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa

Global Underbalanced Drilling Market Key Players

• Air Drilling Associates Inc.(U.S)
• Ensign Energy Services (Canada)
• Schlumberger Limited (U.S)
• Halliburton Inc. (U.S)
• Weatherford International (U.S)
• National Oilwell Varco (U.S)
• Beyond Energy (Canada)
• STRATA Energy Services (Australia)
• Kinley Exploration LLC (U.S)
• Precision Air Drilling S
• Aker Solutions (Norway)ervices Inc. (U.S)
• Bakers Hughes
• Reform Energy Services
• Middle East Air Drilling Services
• Blade Energy Partners
• Viking Services 




Global Underbalanced Drilling Market

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources

3. Executive Summary: Global Underbalanced Drilling Market Size, by Market Value (US$ Mn)

4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies

5. Supply Side and Demand Side Indicators

6. Global Underbalanced Drilling Market Analysis and Forecast
6.1. Underbalanced Drilling Market Size & Y-o-Y Growth Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America

7. Global Underbalanced Drilling Market Analysis and Forecast, By Application
7.1. Introduction and Definition
7.2. Key Findings
7.3. Global Underbalanced Drilling Market Value Share Analysis, By Application
7.4. Global Underbalanced Drilling Market Size (US$ Mn) Forecast, By Application
7.5. Global Underbalanced Drilling Market Analysis, By Application
7.6. Global Underbalanced Drilling Market Attractiveness Analysis, By Application

8. Global Underbalanced Drilling Market Analysis and Forecast, By Technique
8.1. Introduction and Definition
8.2. Key Findings
8.3. Global Underbalanced Drilling Market Value Share Analysis, By Technique
8.4. Global Underbalanced Drilling Market Size (US$ Mn) Forecast, By Technique
8.5. Global Underbalanced Drilling Market Analysis, By Technique
8.6. Underbalanced Drilling Market Attractiveness Analysis, By Technique

9. Global Underbalanced Drilling Market Analysis, by Region
9.1. Global Underbalanced Drilling Market Value Share Analysis, by Region
9.2. Global Underbalanced Drilling Market Size (US$ Mn) Forecast, by Region
9.3. Global Underbalanced Drilling Market Attractiveness Analysis, by Region

10. North America Underbalanced Drilling Market Analysis
10.1. Key Findings
10.2. North America Underbalanced Drilling Market Overview
10.3. North America Underbalanced Drilling Market Value Share Analysis, By Application
10.4. North America Underbalanced Drilling Market Forecast, By Application
10.4.1. Onshore
10.4.2. Offshore
10.5. North America Underbalanced Drilling Market Value Share Analysis, By Technique
10.6. North America Underbalanced Drilling Market Forecast, By Technique
10.6.1. Lightweight Drilling Fluids
10.6.2. Gas Injection
10.6.3. Foam Injection
10.7. North America Underbalanced Drilling Market Value Share Analysis, by Country
10.8. North America Underbalanced Drilling Market Forecast, by Country
10.8.1. U.S.
10.8.2. Canada
10.8.3. Mexico
10.9. North America Underbalanced Drilling Market Analysis, by Country
10.10. U.S. Underbalanced Drilling Market Forecast, By Application
10.10.1. Onshore
10.10.2. Offshore
10.11. U.S. Underbalanced Drilling Market Forecast, By Technique
10.11.1. Lightweight Drilling Fluids
10.11.2. Gas Injection
10.11.3. Foam Injection
10.12. Canada Underbalanced Drilling Market Forecast, By Application
10.12.1. Onshore
10.12.2. Offshore
10.13. Canada Underbalanced Drilling Market Forecast, By Technique
10.13.1. Lightweight Drilling Fluids
10.13.2. Gas Injection
10.13.3. Foam Injection
10.14. Mexico Underbalanced Drilling Market Forecast, By Application
10.14.1. Onshore
10.14.2. Offshore
10.15. Mexico Underbalanced Drilling Market Forecast, By Technique
10.15.1. Lightweight Drilling Fluids
10.15.2. Gas Injection
10.15.3. Foam Injection
10.16. North America Underbalanced Drilling Market Attractiveness Analysis
10.16.1. By Application
10.16.2. By Technique
10.17. PEST Analysis
10.18. Key Trends
10.19. Key Developments

11. Europe Underbalanced Drilling Market Analysis
11.1. Key Findings
11.2. Europe Underbalanced Drilling Market Overview
11.3. Europe Underbalanced Drilling Market Value Share Analysis, By Application
11.4. Europe Underbalanced Drilling Market Forecast, By Application
11.4.1. Onshore
11.4.2. Offshore
11.5. Europe Underbalanced Drilling Market Forecast, By Technique
11.5.1. Lightweight Drilling Fluids
11.5.2. Gas Injection
11.5.3. Foam Injection
11.6. Europe Underbalanced Drilling Market Value Share Analysis, by Country
11.7. Europe Underbalanced Drilling Market Forecast, by Country
11.7.1. Germany
11.7.2. U.K.
11.7.3. France
11.7.4. Italy
11.7.5. Spain
11.7.6. Sweden
11.7.7. CIS countries
11.7.8. Rest of Europe
11.8. Germany Underbalanced Drilling Market Forecast, By Application
11.8.1. Onshore
11.8.2. Offshore
11.9. Germany Underbalanced Drilling Market Forecast, By Technique
11.9.1. Lightweight Drilling Fluids
11.9.2. Gas Injection
11.9.3. Foam Injection
11.10. U.K. Underbalanced Drilling Market Forecast, By Application
11.10.1. Onshore
11.10.2. Offshore
11.11. U.K. Underbalanced Drilling Market Forecast, By Technique
11.11.1. Lightweight Drilling Fluids
11.11.2. Gas Injection
11.11.3. Foam Injection
11.12. France Underbalanced Drilling Market Forecast, By Application
11.12.1. Onshore
11.12.2. Offshore
11.13. France Underbalanced Drilling Market Forecast, By Technique
11.13.1. Lightweight Drilling Fluids
11.13.2. Gas Injection
11.13.3. Foam Injection
11.14. Italy Underbalanced Drilling Market Forecast, By Application
11.14.1. Onshore
11.14.2. Offshore
11.15. Italy Underbalanced Drilling Market Forecast, By Technique
11.15.1. Lightweight Drilling Fluids
11.15.2. Gas Injection
11.15.3. Foam Injection
11.16. Spain Underbalanced Drilling Market Forecast, By Application
11.16.1. Onshore
11.16.2. Offshore
11.17. Spain Underbalanced Drilling Market Forecast, By Technique
11.17.1. Lightweight Drilling Fluids
11.17.2. Gas Injection
11.17.3. Foam Injection
11.18. Sweden Underbalanced Drilling Market Forecast, By Application
11.18.1. Onshore
11.18.2. Offshore
11.19. Sweden Underbalanced Drilling Market Forecast, By Technique
11.19.1. Lightweight Drilling Fluids
11.19.2. Gas Injection
11.19.3. Foam Injection
11.20. CIS countries Underbalanced Drilling Market Forecast, By Application
11.20.1. Onshore
11.20.2. Offshore
11.21. CIS countries Underbalanced Drilling Market Forecast, By Technique
11.21.1. Lightweight Drilling Fluids
11.21.2. Gas Injection
11.21.3. Foam Injection
11.22. Rest of Europe Underbalanced Drilling Market Forecast, By Application
11.22.1. Onshore
11.22.2. Offshore
11.23. Rest of Europe Underbalanced Drilling Market Forecast, By Technique
11.23.1. Lightweight Drilling Fluids
11.23.2. Gas Injection
11.23.3. Foam Injection
11.24. Europe Underbalanced Drilling Market Attractiveness Analysis
11.24.1. By Technique
11.24.2. By Application
11.25. PEST Analysis
11.26. Key Trends
11.27. Key Developments

12. Asia Pacific Underbalanced Drilling Market Analysis
12.1. Key Findings
12.2. Asia Pacific Underbalanced Drilling Market Overview
12.3. Asia Pacific Underbalanced Drilling Market Value Share Analysis, By Application
12.4. Asia Pacific Underbalanced Drilling Market Forecast, By Application
12.4.1. Onshore
12.4.2. Offshore
12.5. Asia Pacific Underbalanced Drilling Market Value Share Analysis, By Application
12.6. Asia Pacific Underbalanced Drilling Market Forecast, By Technique
12.6.1. Lightweight Drilling Fluids
12.6.2. Gas Injection
12.6.3. Foam Injection
12.7. Asia Pacific Underbalanced Drilling Market Value Share Analysis, by Country
12.8. Asia Pacific Underbalanced Drilling Market Forecast, by Country
12.8.1. China
12.8.2. India
12.8.3. Japan
12.8.4. South Korea
12.8.5. Australia
12.8.6. ASEAN
12.8.7. Rest of Asia Pacific
12.9. Asia Pacific Underbalanced Drilling Market Analysis, by Country
12.10. China Underbalanced Drilling Market Forecast, By Application
12.10.1. Onshore
12.10.2. Offshore
12.11. China Underbalanced Drilling Market Forecast, By Technique
12.11.1. Lightweight Drilling Fluids
12.11.2. Gas Injection
12.11.3. Foam Injection
12.12. India Underbalanced Drilling Market Forecast, By Application
12.12.1. Onshore
12.12.2. Offshore
12.13. India Underbalanced Drilling Market Forecast, By Technique
12.13.1. Lightweight Drilling Fluids
12.13.2. Gas Injection
12.13.3. Foam Injection
12.14. Japan Underbalanced Drilling Market Forecast, By Application
12.14.1. Onshore
12.14.2. Offshore
12.15. Japan Underbalanced Drilling Market Forecast, By Technique
12.15.1. Lightweight Drilling Fluids
12.15.2. Gas Injection
12.15.3. Foam Injection
12.16. South Korea Underbalanced Drilling Market Forecast, By Application
12.16.1. Onshore
12.16.2. Offshore
12.17. South Korea Underbalanced Drilling Market Forecast, By Technique
12.17.1. Lightweight Drilling Fluids
12.17.2. Gas Injection
12.17.3. Foam Injection
12.18. Australia Underbalanced Drilling Market Forecast, By Application
12.18.1. Onshore
12.18.2. Offshore
12.19. Australia Underbalanced Drilling Market Forecast, By Technique
12.19.1. Lightweight Drilling Fluids
12.19.2. Gas Injection
12.19.3. Foam Injection
12.20. ASEAN Underbalanced Drilling Market Forecast, By Application
12.20.1. Onshore
12.20.2. Offshore
12.21. ASEAN Underbalanced Drilling Market Forecast, By Technique
12.21.1. Lightweight Drilling Fluids
12.21.2. Gas Injection
12.21.3. Foam Injection
12.22. Rest of Asia Pacific Underbalanced Drilling Market Forecast, By Application
12.22.1. Onshore
12.22.2. Offshore
12.23. Rest of Asia Pacific Underbalanced Drilling Market Forecast, By Technique
12.23.1. Lightweight Drilling Fluids
12.23.2. Gas Injection
12.23.3. Foam Injection
12.24. Asia Pacific Underbalanced Drilling Market Attractiveness Analysis
12.24.1. By Application
12.24.2. By Technique
12.25. PEST Analysis
12.26. Key Trends
12.27. Key Developments

13. Middle East & Africa Underbalanced Drilling Market Analysis
13.1. Key Findings
13.2. Middle East & Africa Underbalanced Drilling Market Overview
13.3. Middle East & Africa Underbalanced Drilling Market Value Share Analysis, By Application
13.4. Middle East & Africa Underbalanced Drilling Market Forecast, By Application
13.4.1. Onshore
13.4.2. Offshore
13.5. Middle East & Africa Underbalanced Drilling Market Forecast, By Technique
13.5.1. Lightweight Drilling Fluids
13.5.2. Gas Injection
13.5.3. Foam Injection
13.6. Middle East & Africa Underbalanced Drilling Market Value Share Analysis, by Country
13.7. Middle East & Africa Underbalanced Drilling Market Forecast, by Country
13.7.1. GCC Countries
13.7.2. South Africa
13.7.3. Nigeria
13.7.4. Egypt
13.7.5. Rest of Middle East & Africa
13.8. Middle East & Africa Underbalanced Drilling Market Analysis, by Country
13.9. GCC Countries Underbalanced Drilling Market Forecast, By Application
13.9.1. Onshore
13.9.2. Offshore
13.10. GCC Countries Underbalanced Drilling Market Forecast, By Technique
13.10.1. Lightweight Drilling Fluids
13.10.2. Gas Injection
13.10.3. Foam Injection
13.11. South Africa Underbalanced Drilling Market Forecast, By Application
13.11.1. Onshore
13.11.2. Offshore
13.12. South Africa Underbalanced Drilling Market Forecast, By Technique
13.12.1. Lightweight Drilling Fluids
13.12.2. Gas Injection
13.12.3. Foam Injection
13.13. Nigeria Underbalanced Drilling Market Forecast, By Application
13.13.1. Onshore
13.13.2. Offshore
13.14. Nigeria Underbalanced Drilling Market Forecast, By Technique
13.14.1. Lightweight Drilling Fluids
13.14.2. Gas Injection
13.14.3. Foam Injection
13.15. Egypt Underbalanced Drilling Market Forecast, By Application
13.15.1. Onshore
13.15.2. Offshore
13.16. Egypt Underbalanced Drilling Market Forecast, By Technique
13.16.1. Lightweight Drilling Fluids
13.16.2. Gas Injection
13.16.3. Foam Injection
13.17. Rest of Middle East & Africa Underbalanced Drilling Market Forecast, By Application
13.17.1. Onshore
13.17.2. Offshore
13.18. Rest of Middle East & Africa Underbalanced Drilling Market Forecast, By Technique
13.18.1. Lightweight Drilling Fluids
13.18.2. Gas Injection
13.18.3. Foam Injection
13.19. Middle East & Africa Underbalanced Drilling Market Attractiveness Analysis
13.19.1. By Application
13.19.2. By Technique
13.20. PEST Analysis
13.21. Key Trends
13.22. Key Developments

14. South America Underbalanced Drilling Market Analysis
14.1. Key Findings
14.2. South America Underbalanced Drilling Market Overview
14.3. South America Underbalanced Drilling Market Value Share Analysis, By Application
14.4. South America Underbalanced Drilling Market Forecast, By Application
14.4.1. Onshore
14.4.2. Offshore
14.5. South America Underbalanced Drilling Market Forecast, By Technique
14.5.1. Lightweight Drilling Fluids
14.5.2. Gas Injection
14.5.3. Foam Injection
14.6. South America Underbalanced Drilling Market Value Share Analysis, by Country
14.7. South America Underbalanced Drilling Market Forecast, by Country
14.7.1. Brazil
14.7.2. Colombia
14.7.3. Argentina
14.7.4. Rest of South America
14.8. South America Underbalanced Drilling Market Analysis, by Country
14.9. Brazil Underbalanced Drilling Market Forecast, By Application
14.9.1. Onshore
14.9.2. Offshore
14.10. Brazil Underbalanced Drilling Market Forecast, By Technique
14.10.1. Lightweight Drilling Fluids
14.10.2. Gas Injection
14.10.3. Foam Injection
14.11. Colombia Underbalanced Drilling Market Forecast, By Application
14.11.1. Onshore
14.11.2. Offshore
14.12. Colombia Underbalanced Drilling Market Forecast, By Technique
14.12.1. Lightweight Drilling Fluids
14.12.2. Gas Injection
14.12.3. Foam Injection
14.13. Argentina Underbalanced Drilling Market Forecast, By Application
14.13.1. Onshore
14.13.2. Offshore
14.14. Argentina Underbalanced Drilling Market Forecast, By Technique
14.14.1. Lightweight Drilling Fluids
14.14.2. Gas Injection
14.14.3. Foam Injection
14.15. Rest of South America Underbalanced Drilling Market Forecast, By Application
14.15.1. Onshore
14.15.2. Offshore
14.16. Rest of South America Underbalanced Drilling Market Forecast, By Technique
14.16.1. Lightweight Drilling Fluids
14.16.2. Gas Injection
14.16.3. Foam Injection
14.17. South America Underbalanced Drilling Market Attractiveness Analysis
14.17.1. By Application
14.17.2. By Technique
14.18. PEST Analysis
14.19. Key Trends
14.20. Key Developments

15. Company Profiles
15.1. Market Share Analysis, by Company
15.2. Competition Matrix

15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications, and R&D investment
15.2.2. New Product Launches and Product Enhancements
15.2.3. Market Consolidation
15.2.3.1. M&A by Regions, Investment and Applications
15.2.3.2. M&A Key Players, Forward Integration and Backward Integration

15.3. Company Profiles: Key Players
15.3.1. Air Drilling Associates Inc.(U.S)
15.3.1.1. Company Overview
15.3.1.2. Financial Overview
15.3.1.3. Product Portfolio
15.3.1.4. Business Strategy
15.3.1.5. Recent Developments
15.3.1.6. Development Footprint
15.3.2. Ensign Energy Services (Canada)
15.3.3. Schlumberger Limited (U.S)
15.3.4. Halliburton Inc. (U.S)
15.3.5. Weatherford International (U.S)
15.3.6. National Oilwell Varco (U.S)
15.3.7. Beyond Energy (Canada)
15.3.8. STRATA Energy Services (Australia)
15.3.9. Kinley Exploration LLC (U.S)
15.3.10. Precision Air Drilling Services Inc. (U.S)
15.3.11. Bakers Hughes (U.S)
15.3.12. Aker Solutions
15.3.13. Reform Energy Services
15.3.14. Middle East Air Drilling Services
15.3.15. Blade Energy Partners
15.3.16. Viking Services

16. Primary Key Insights
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