Global Downhole Drilling Tools Market

Topics: Oil well, Petroleum, Well logging Pages: 3 (348 words) Published: February 3, 2015
Global Downhole Drilling Tools Market 2015-2019

Drilling involves the boring of a hole in the earth's surface for extraction of oil and gas. The holes drilled for the extraction of oil are known as oil wells. These wells are created by drilling a hole of 12 cm to 1 m in diameter with a drill rig, which rotates the drill string with other downhole drilling tools attached to it. Drilling downhole tools facilitate the drilling process and counter challenges associated with drilling such as extreme depth, high temperature, and pressure difference. These tools guide or steer wells through a small reservoir by changing the trajectory of the well. 

Covered in this Report

This report covers the present scenario and the growth prospects of the Global Downhole Drilling Tools market for the period 2015-2019. It also discusses the types of tools such as cementing tools, tubulars, drill bits, miscellaneous downhole tools, downhole motors, deflection tools, impact tools, coiled tubing drilling tools, fishing tools, and drill stem testing tools.

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Key Regions


Key Vendors

Halliburton Co.
National OilWell Varco (NOV)
Schlumberger Ltd.
Weatherford International

Other Prominent Vendors

American Oilfield Tools
Bilco Tools
Logan Oil Tools
Magnum Oil Tool International
Oil Tools International Services Private
Schoeller Bleckmann Oilfield Equipment
Wenzel Downhole Tools

Key Market Driver

Increased Demand for Oil and Gas Worldwide
For a full, detailed list, view our report.

Key Market Challenge

Increase in Geopolitical Issues
For a full, detailed list, view our report.

Key Market Trend

Advances in Technology
For a full, detailed list, view our report.

Key Questions Answered in this Report

What will the market size be in 2018 and what will the growth rate be? What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the...
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