Drilling Service Market is Estimated to Grow at a CAGR of 3.6%

Date: 2015-08-13

“The APAC drilling services market is segmented on the basis of its applications, services, and countries. The drilling service market has been segmented into Asia-Pacific countries such as Australia, Indonesia, Malaysia, and China, among others. 

The drilling service market is estimated to grow at a CAGR of 3.6% from 2014 to 2019. The market has been segmented on the basis of into contract drilling, directional drilling, logging-while-drilling (LWD), and drilling waste management (DWM). In 2014, the contract drilling service segment held the largest market share—84.7%—of the Asia-Pacific drilling service market. It was followed by the directional drilling service. 

The report has profiled the leading players in the market along with developments (new product launches, mergers and acquisitions, expansions and 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 Asia-Pacific drilling service market. Weatherford International Ltd (Ireland), Schlumberger Ltd (U.S.), and Baker Hughes Inc. (U.S.) are some of the key players operating in this market.

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