Drilling Services Market is Estimated to Grow at a CAGR of 5.8%

Date: 2015-08-05

“In this report, the drilling services market is segmented on the basis of its applications, services, types, and countries. The drilling services market has been segmented into South & Central America countries, such as Brazil, Venezuela, and Argentina. The market has been further segmented on the basis of types for drilling services such as conventional and rotary steerable systems.

The drilling services market is estimated to grow at a CAGR of 5.8% from 2014 to 2019. The market has been segmented into services, which include contract drilling, directional drilling, LWD, and drilling waste management. In 2014, contract drilling services held the largest market share of 92.7% within the South & Central American drilling services market, followed by directional drilling service. 

The report has profiled the leading players of the market along with their developments (new product launches, mergers & acquisitions, expansions and partnerships, agreements, collaborations, and joint ventures) over the past few years and strategies adopted by them to sustain and strengthen their position in the South & Central America drilling services market. Weatherford International Plc (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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