African drilling Services Market is Estimated to Witness a CAGR of 4.2%

Date: 2015-08-09

“In this report, the African drilling services market is segmented on the basis of application, service, and geography. On the basis of geography, the African drilling services market has been segmented into countries, such as Egypt, Nigeria, Algeria, and Angola. The market has been further segmented on the basis of types of drilling services, such as contract drilling, directional drilling, drilling waste management, and logging while drilling.  

The African drilling services market is estimated to witness a CAGR of 4.2% during the forecast period, 2014 to 2019. The market has been segmented on the basis of services into contract drilling services, directional drilling services, logging while drilling (LWD), measurements while drilling (MWD), and drilling waste management. In 2014, the contract drilling services held the largest share in the African drilling services market and was accounted for a market share of 86.8%. It was followed by directional drilling services. 
The report has profiled the leading players of the African drilling services market along with the developments (new product launches, mergers & acquisitions, expansions & partnerships, agreements, collaborations, and joint ventures) done by the companies over the past few years and strategies adopted by them to sustain and strengthen their position in the African drilling services market. Weatherford International Ltd (Ireland), Schlumberger Ltd (U.S.), and Baker Hughes Inc. (U.S.) are some of the key players engaged in this market.

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