Downhole Drilling Tools shows almost all the critical tools for the engineer and covers the practical aspects of downhole equipment. Going beyond the basic bottomhole assembly, the guide such as detailed mechanics and theory on tubulars, fishing, cementing, coiled tubing and various other downhole tools. Downhole drilling tools are collection of tools used in downhole drilling applications. They include drill bit, drill collar, drill pipe, kelly stem, stabilizer, etc. Among these, drill bit is core component and acts in the bottom of drilling system.This growth is primarily driven by Tapping Energy Potential of Shale Gas Reserves, Increased Lateral/Directional Drilling and Surging Ultra-Deep Drilling Activities Worldwide.
Globally, a noticeable market trend is evident Continuously Focusing on Automated Downhole Drilling Tools by Key Players
. Major Manufacturers, such as National Oilwell Varco Inc. (United States), Logan Oil Tools Inc. (United States), Halliburton (United States), Baker Hughes (United States), Schoeller Bleckmann Oilfield Equipment AG (Austria), Schlumberger (United States), Saint Gobain (France), Drilling Tools International (United States), Weatherford International (Ireland), Tenaris SA (Luxembourg), Vallourec SA (France) and Stabil Drill (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In January 2019, Drilling Tools International launched a distribution partnership with WellFence of its credentialled wellsite access technology for drilling, completions, and production locations. Using strategically positioned check point towers with 360-degree cameras, WellFence automates the verification of personnel entering and exiting the wellsites, thereby increasing the safety and integrity of the locations.
- Tapping Energy Potential of Shale Gas Reserves
- Increased Lateral/Directional Drilling
- Surging Ultra-Deep Drilling Activities Worldwide
- Continuously Focusing on Automated Downhole Drilling Tools by Key Players
- The Growth of Ultra-Deep Drilling Activities Worldwide
- Access to Reserve: Political Issues & Technological Incompetence
- Declining Crude Oil Prices
Increase in the Number of Mature Oil & Gas Fields and Development of Sensor Based Downhole Drilling Tools
Strict Government Regulations
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