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Drill Collars Market in the Middle East 2015-2019
The report discusses the following in-depth:
• Market Size and Forecast
• Market Segmentation
• Buying Criteria
• Vendor Landscape
• Business Segmentation
• Geographical Segmentation
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Key Trends
Technavio’s Senior Analyst says, “Increased global demand for oil and gas is fueling the market growth. This demand will encourage vendors to make large investments in advanced oilfield technologies to increase the efficiency and reliability of drill collars and other drilling equipment. In addition, an increase in the extraction of unconventional oil and gas resources that require enhanced drilling equipment such as non-magnetic drill collars is contributing to the market revenue.”
• Drill collars are an essential part of the drill string. They form the lowest component of the drill string. Drill collars are heavy, thick-walled steel pipes with threaded connections at both ends. The end with an external thread is known as the male end, whereas the end with an internal thread is known as the female end.
• The drill collar market in the Middle East is expected to grow significantly during the period 2014-2019, posting a CAGR of 13.19% in terms of revenue.
• Understanding the key drivers influencing the market
• Understanding the challenges faced by the market
• Activities of various stakeholders involved
• Key focus areas for the vendors
• Major trends that will shape the future of this market
• Vendor landscape and trajectory of the market
• Conclusion
Scope of The Report
A detailed analysis of each market driver, challenge
and trend isavailable in our report:
Drill Collars Market in the Middle East 2015-2019
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Vendors
To understand the vendor landscape and for a full list of vendors view our
report:
Drill Collars Market in the Middle East 2015-2019
Halliburton
Hunting
Schlumberger
Halliburton is a US-based multinational oil and gas company and one of the world's largest service companies engaged in the exploration, development, and production of oil and natural gas. The company serves the major oil and natural gas companies worldwide in the upstream area.
Hunting was established in 1874 and is headquarter ion London,UK. The company manufactures and distributes products andprovides related services, including equipment rental to theinternational energy sector.
Schlumberger was founded by Conrad and Marcel Schlumbergerin 1926 and is headquartered in Houston, Texas, US. It is one ofthe world’s largest oilfield services companies with a variety ofbusiness units.
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Market Landscape
• The growth of the market is directly related to the increase in E&P activities inthe region.
• Countries such as Saudi Arabia, Kuwait, Qatar, and Iran are constantly focusingon increasing their oil production, which is the major driver of their economies.
• In order to increase their oil production, these countries are aggressivelyincreasing their E&P activities.
• Saudi Arabia and the UAE are producing large quantities of oil and gas toincrease their market shares in the global oil and gas industry (specifically ascrude oil and gas producers and exporters).
• Therefore, these countries are investing heavily in oil and gas E&P activities.
• Saudi Arabia's NOC Saudi Aramco plans to invest $40 billion per year for the next10 years to boost its oil production and double its gas production.
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Key Buying Criteria
• Authenticity • Delivery • Price• Service
Support
Parameter Details
Cost Cost of drill collars must be low to ensure economic
viability of production.
EfficiencyDrill collars must ensure high resistance to corrosion
and erosion.
Environmental Impact
Drill collars must ensure minimum drilling and
completion fluid leakage, thus preventing
environmental contamination.
Support and MaintenanceMaintenance of drill collars should be low to ensure
uninterrupted production activities.
• Growth Forecasts?
• Market Analysis?
• Revenue Forecasts?
• Regional and Country level Analysis?
• Competitive Structure?
• Emerging Trends?
• Vendor Landscape?
• Other?
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