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Enabling Break Through Technology for Cost Effective and Safe Drilling
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As oil and gas companies move to more unpredictable and complex offshore drilling environments, a focus is given on safety and creating a risk-free environment. Offshore drilling possesses hazards like kick, loss circulation, and sticking of pipe due to differential pressure, which can lead to pipe twisting. These can have a significant impact on non-productive drilling time. This analyses the importance of the managed pressure drilling (MPD) market for safe and cost-effective drilling. Key drivers and restraints are discussed along with their impact in the short term and long term. The MPD systems market size is based upon the number of key industry players. The base year for the study is 2014 with a forecast period from 2015 to 2020.
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