Global Managed Pressure Drilling Market Research Report - Forecast till 2023

Published - Nov 2018 | Category - Energy and Power | No. of Pages - 102 | Published By - Market Research Future

Global Managed Pressure Drilling Market Research Report: Information by Technology (Constant Bottom Hole Pressure, Mud Cap Drilling, Dual Gradient Drilling, Return Flow Control Drilling), Applications (Offshore, Onshore), and Region– Forecast till 2023

Managed Pressure drilling is an adaptive process in drilling that is used to precisely control the pressure in the wellbore. The main objective is to ascertain the downhole pressure environment limits and to achieve the annular hydraulic pressure, accordingly. This approach provides a closed loop that helps determine the pressure limits in wellbore. This technique helps to work within narrow operational window to identify formation tops through drill breaks, followed by fluid losses. This technique reduces ~45.0% of total time in drilling scheduling, and reduction in volume of fluid lost. The closed system prevents gasification at drill floor, creating safe working conditions.

The global managed pressure drilling market is projected to reach USD ~3.5 billion with a CAGR of ~4.0% during the forecast period.


 

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