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A10739 | Pages: NA | Charts: NA | Tables: NA |
Air drilling is a process by which high volumes of air at high pressure are used to drill oil and gas reserves instead of using conventional drilling fluids. This method is considered to be more efficient and inexpensive as compared to other conventional techniques. There are several types of air drilling techniques, which are used depending on the nature and the condition of the drilling site that includes dust drilling, missed drilling, form drilling, and aerated drilling.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Value (USD) |
Segments covered | Type and Region |
Geographies covered | North America (U.S. and Canada), Europe (Germany, UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of LATAM) and Middle East and Africa (Saudi Arabia, UAE, Kuwait, South Africa, and Rest of MEA) |
Companies covered | Air Drilling Associates Inc., Archer Ltd., Halliburton Co., Schlumberger Ltd., Weatherford International Plc., NexTier Oilfield Solutions, Baker Hughes Company, NOV, Altus Intervention and Expro Group. |
COVID-19 scenario analysis:
The outbreak of the COVID-19 pandemic has severely affected the global oilfield air drilling market.
The rapid industrialization and technological advancement has increased the demand for fuel across the globe. The oil field air drilling method is considered to be more efficient than other methods as it offers better result at a cheaper cost. With the rapid growth in the transport and automobile industries, there is a huge demand for petroleum products across the globe. The major companies coming up with advanced automated technologies and latest drilling methods such as the air drilling technique to maximize the productivity of the oil fields, is expected to boost the growth of the oilfield air drilling market. However, several incidents of severe accidents due to manual handling during the air drilling of oil field has hampered the growth of the global oilfield air drilling market.
The North America region caters for a major fraction of the global oilfield air drilling market due to the increase in number of exploration and drilling activities in the region especially in countries like the U.S. The market in the Middle Eastern region is also expected to witness a lucrative growth due to the presence of huge number of oil & gas companies in the region.
Key segments covered:
Segments | Sub-segments |
Type | • Dust • Aerated fluid • Foam • Mist • Nitrogen membrane |
Key benefits of the report:
Key Market Segments
Key Market Players