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. To know about the Research Methodology :- Request Free Sample Report 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. 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:
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 InjectionGlobal Underbalanced Drilling Market, by Application
• Onshore • OffshoreGlobal Underbalanced Drilling Market, by Region
• Asia Pacific • North America • Europe • South America • Middle East & AfricaGlobal 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