Global Drill Bits in Oil and Gas Industry to Grow at a CAGR of 4.05% During 2014-2019: MarketResearchReports.Biz
Drill bits are mechanical tools that cut and crush rocks to create wellbores for the extraction of hydrocarbons. They are mainly used in drilling operations for oil or gas wells, either onshore or offshore. They are broadly classified into two major categories:
Fixed-cutter bits
Roller-cone cutter bits
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