One Stop Solution For In-Depth Market Research Reports

詳細な市場調査レポートのワンストップソリューション

Home    >    ENERGY AND POWER   >   Oil and Gas Downhole Vibration Monitoring and Control System Market

[ 英語タイトル ] Oil and Gas Downhole Vibration Monitoring and Control System Market - Growth, Trends, and Forecasts (2020 - 2025)


Product Code : MDEP0087905
Survey : Mordor Intelligence
Publish On : November, 2020
Number of Pages : 100
Category : Energy and Power
Report format : PDF
Sales price option (consumption tax not included)
Single User USD4250 / Question Form
5 User USD4750 / Question Form
Enterprise User USD7500 / Question Form
 - Halliburton Company
- Weatherford International plc
- Baker Hughes Company
- Schlumberger Limited
- Nabors Industries Ltd
- China Oilfield Services Limited
- Wellserv Australia Private Ltd.
- Target Well Control

[Report Description]

The oil and gas downhole vibration monitoring and control system market is expected to grow at CAGR of more than 5% during 2020 - 2025. To increase the profitability and decrease the downtime in upstream operations, the demand for downhole vibration monitoring and control system is likely to grow significantly in the coming years. With upcoming exploration and drilling projects in countries like the United States, Saudi Arabia, the United Arab Emirates, the application of the downhole vibration monitoring control system is expected to increase further. Additionally, growing natural gas exploration, especially from shale formations, are driving the demand. On the other hand, the high volatility of crude oil prices coupled with the negative impact of the COVID-19 outbreak has led to a decrease in the drilling activities, and thus, the concerned market growth is also likely to be hindered.

- Application of downhole vibration monitoring and control system is likely to dominate in the onshore sector, owing to large scale drilling projects and wells in onshore.
- With increasing deepwater and ultradeep exploration, the risk associated with successful drilling is increasing. To drill efficiently in complex reservoirs, the market of downhole vibration monitoring is expected to create significant opportunities.
- North America, with its vast reserves of recoverable shale gas and tight oil reserves in the world, is dominating the market and is expected to continue its dominance in the forecast period.

Key Market Trends

Onshore Sector to Dominate the Market

- Timely detection and mitigation of downhole vibration is key to avoiding non-productive time (NPT) and preventing equipment damage. For this, along with MWD, downhole vibration monitoring (DVM) tools are deployed, preventing damage to BHA.
- In 2019, India’s state-owned company ONGC announced that it had allotted INR 6,000 crore in drilling 200 wells over the next seven years in Assam to increase the output from the state. The wells are expected to be drilled during the next seven years, hence increasing the demand for DVM tools during the forecast period.
- In Russia, Gazprom Neft continues to conduct studies on its Bazhenov acreage and is targeting 40,000 b/d of production from shale by 2023. To attain successful recovery, the demand for MWD, including DVM, is likely to increase.
- Due to the downfall of the oil and gas industry in 2020, the onshore rig count in Asia-Pacific dropped to 106 in June 2020. However, post COVID-19, with expected improvement in the market, the rig count is likely to grow and drive the market demand.
- Due to the Coronavirus pandemic in 2020, delay in upstream projects can be expected. Later in the forecast period, with the initiation of new projects, the market of DVM is expected to grow considerably.

North America to Dominate the Market

- The United States is one of the largest producers of crude oil and natural gas, accounting for around 18% and 23% of the global production, respectively, as of 2019. The production surged in 2019, mainly due to robust drilling in its shale reserves, led by the Permian Basin.
- Onshore oil production in the United States accounts for around 84% of the country’s oil production and 3% of the country’s natural gas production as of 2018. Increased onshore exploration activity in the forecasted period is expected to drive the DVM demand.
- It is expected that around USD 76 billion will be spent on 97 upcoming oil and gas projects in the country between 2018 and 2025 in the United States. With new exploration and drilling projects, MWD and DVM operations can witness considerable growth.
- Despite the decrease in the number of active rig count to 990 in 2019, the upcoming projects and demand for natural gas are expected to drive the drilling market and, subsequently, the application of DVM and Control System.
- Due to the availability of vast shale reserves in the United States and Canada, the number of wells is increasing. The increasing well count is expected to drive the need for DVM in the forecast period.

Competitive Landscape

The oil and gas downhole vibration monitoring and control system market is moderately fragmented. Some of the major companies include Nabors Industries Ltd, Halliburton Company, Weatherford International plc, Baker Hughes Company, and Schlumberger Limited.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

1 INTRODUCTION
1.1 Scope of Study
1.2 Market Definiton
1.3 Study Assumptions

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitute Products and Services
4.7.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Location of Deployment
5.1.1 Offshore
5.1.2 Onshore
5.2 Geogrpahy
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 South America
5.2.5 Middle-East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Halliburton Company
6.3.2 Weatherford International plc
6.3.3 Baker Hughes Company
6.3.4 Schlumberger Limited
6.3.5 Nabors Industries Ltd
6.3.6 China Oilfield Services Limited
6.3.7 Wellserv Australia Private Ltd.
6.3.8 Target Well Control

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

渋谷データカウント

渋谷データカウントは、最も信頼性が高く最新の調査分析レポートを確実に提供する経験豊富な調査専門家のグローバルチームが提供する、さまざまな業界のさまざまな市場調査レポートを提供する再販代理店です。

Recommended reports

+