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Managed pressure drilling (MPD) refers to a drilling technique that uses enclosed and pressurized circulation system to provide precise wellbore control. Managed pressure drilling does not manipulate the ‘window’ (fracture gradient and pore pressure), rather helps the operator to remain in that window. MPD is applicable in severe conditions, such as fluid loss, tight pore pressure, high-pressure, high-temperature drilling, differential sticking, unknown pore pressure, and various other conditions.

The success of MPD is notified by the good extraction activities in the areas that are recognized as uneconomical for production. The decline in the production rate and increase in energy demand has giving tremendous speed to the managed pressure drilling services globally.  Development in technology coupled with MPD techniques in horizontal drilling is expected to create new opportunities for the market players involved in this industry over the forecast period. However, a large amount of drilling fluid requirement with no surface return have restricted the growth of managed pressure drilling services market.

Global Managed Pressure Drilling Services Market Taxonomy

On the basis of technology, the global managed pressure drilling services market is segmented into:

  • Mud Cap Drilling (MCD)
  • Constant Bore Hole Pressure (CBHP)
  • Dual Gradient Drilling (DGD)
  • Return Flow Control Drilling (RFCD)

On the basis of application, the global managed pressure drilling services market is segmented into:

  • Onshore
  • Offshore

The method of Constant Bottom Hole Pressure segment is projected to be the prominent segment in the managed pressure drilling services market, owing to its extensive use in wells having high uncertainty on the pressure limits. CBHP technology controls the annular pressure with detecting fluid losses and kicks while drilling with better safety. This technique is extensively used in the Gulf of Mexico, North America.

Offshore segment is anticipated to have the fastest growth in the managed pressure drilling services market over the forecast period, owing to the preference of this technique in offshore basins rather than onshore. The growth of this segment is further backed by the rise in exploration and production activities in the deep and ultra-deep waters.

Global Managed Pressure Drilling Services Market Outlook

  • North America is witnessed to be the largest market of managed pressure drilling services with the immense support and contribution of the U.S. accounting for the highest share, which is backed by Canada with major development in the exploration and production activities in tight oil and tar sands. The exploration and production activities in Gulf of Mexico have given opportunities to the operators for using managed pressure drilling services across the globe. In Kaikias deep sea oil filed located in Gulf of Mexico, Royal Dutch Shell Company found 100 million barrels of oil equivalent.
  • Africa is witnessed to be fastest growing region in the managed pressure drilling services market majorly due to the discoveries in the offshore basins in the economy, such as Mozambique, Angola, and Tanzania. Major players namely ENI SPA, British Petroleum, and Royal Dutch Shell are fueling the growth of managed pressure drilling services market in this region. In 2010, an estimated 85 trillion cubic feet of gas was discovered in the Rovuma basin in Mozambique.
  • Middle East is projected to be the significant market in the managed pressure drilling services, owing to the development of the offshore region in the Red Sea by economies such as Qatar, Saudi Arabia, and UAE.

The key players operating in the managed pressure drilling services market include Schlumberger Ltd., Halliburton, Baker Hughes, Weatherford International, Archer Well Services, National Oilwell Varco, and Aker Solutions.

Managed Pressure Drilling Services Market Key Developments 

  • On 6th May 2019, Weatherford International plc launched Victus intelligent managed pressure drilling system which features intelligent control, equipment automation and technical competence. This launch helped the company in gaining success in terms of their managed pressure drilling service segment.
  • On 1st March 2019, Weatherford International plc launched its automated managed pressure drilling (MPD) riser system in Houston. This new system can combine with artificial intelligence, condition-based maintenance and additional sensors to speed operations. This helped the company in speeding up their operations.
  • On 7th May 2019, Halliburton launched its Flex Managed Pressure Drilling System, which is useful in case of operating challenges and delivering greater rig efficiency. Further, the system is designed in such a way that it allows the operator to select the right level of service, which will help in maximizing the cost/benefit of managed pressure drilling services. This launch helped the company in expanding its managed pressure drilling service portfolio.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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