Asia Pacific Drilling Service Market 2016: Contract Drilling, Directional Drilling, LWD & Drilling Waste Management
Deerfield Beach, FL -- (SBWIRE) -- 09/09/2016 -- Drilling is a process of creating a hole to extract natural resources. Drilling services include design, planning, operations, and performance optimization of well. It helps to improve well intervention efficiency in complicated environment conditions. Drilling services provide information regarding well, such as well status, drilling performance, lithology, and reservoir fluid composition. The management and disposal of waste is carried out using drilling services.
Increasing investments and rising demand for energy has contributed to the growth of the Asia-Pacific drilling services market. However, fluctuating crude oil prices and environment concerns are factors hindering the growth of the market. Focus on deep-water drilling and technological developments in drilling technologies present tremendous opportunities for growth in the market.
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The Asia-Pacific drilling services market is segmented based on service type, application, and countries. The service types included in the report are contract drilling, directional drilling, and LWD & drilling waste management. The applications covered in the report include onshore and offshore. The countries, such as China, Malaysia, India, Australia, Indonesia, and Thailand would experience tremendous growth.
The prominent companies operating in the market include Weatherford International PLC, Schlumberger, Superior Energy Services Inc., Baker Hughes Inc., Halliburton, and Transocean Ltd. They have adopted various strategies, such as expansions, partnerships, agreements, collaborations, joint ventures and mergers, and others to strengthen their position in the market.
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