Drilling Services Market is Estimated to Grow at a CAGR of 5.5%

Date: 2015-08-11

“The drilling services market is segmented on the basis of its application, service, type, and country. The drilling services market has been segmented into the European countries, Russia and U.K., Norway. The market has been further segmented on the basis of types for drilling services such as contract drilling, directional drilling, drilling waste management and logging while drilling.

The drilling services market is estimated to grow at a CAGR of 5.5% from 2014 to 2019. In 2014, the contract drilling service accounted for the largest share of 86.9% in the European drilling services market followed by directional drilling market with a 7.4% share. 

The report has profiled the leading players of the market along with the strategies  (new product launches, mergers and acquisitions, expansions, agreements and joint ventures) adopted by the companies over the past few years to sustain and strengthen their position in the European drilling services market. Schlumberger Ltd (U.S.), Baker Hughes Inc. (U.S.) and Halliburton Co. (U.S.) are some of the key players operating in this market.

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