Directional drilling is the process which controls the trajectory and deviation of the well during drilling operations. It deviates a wellbore and explores the oilfields from a targeted location. Horizontal directional drilling (HDD) is a steerable trenchless method of installing conduits, cables, and underground pipes with minimum outcome on the adjacent area. It is mainly used for utility fixing, cable laying, and underground structure. Directional drilling services have changed the oil and gas industry. Oil and gas can be extracted cost-effectively from the deep ocean floor with the use of directional drilling. It is also used to deplete and previously deserted oil wells. Directional drilling technology increases the area covered by a single rig, saving capital expenditure. Field developments, predominantly offshore and in the Arctic, involve drilling an optimal number of wells from a single platform or artificial island. Directional drilling has helped by significantly reducing the costs and environmental impact of this application.
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A well is directionally drilled to reach a producing zone that is otherwise unapproachable with normal vertical-drilling practices. The site of a producing structure dictates the isolated rig location and directional-well profile. Applications of this kind are carried out where extended-reach wells are most commonly drilled. A very cost-effective way of delivering high production rates involves intersecting multiple targets with a single wellbore. There are certain cases in which the attitudes of the producing formations are such that the most economical approach is a directional well for a multiple completion. This is also valid to manifold production zones neighbouring to a fault plane or beneath a salt dome. The “Global Directional Drilling Services Market” is accounted for $9.04 billion in 2018 and is expected to reach $15.73 billion by 2027 growing at a CAGR of 6.3% during the forecast period.
New oilfields and reserves have been discovered across the globe in almost every region in 2016. Few of the major discoveries included deepwater offshore field discovery in Senegal, Alpine high in West Texas, U.S., northern Kerio Valley in Kenya, Alaska in U.S., and Golan Heights in Israel, among others. Because of the low prices of oil, field operators have cut back on exploration cost which has led to less number of new oil reserves and field discoveries. This will persuade oil field operators and self-regulating exploration companies to begin investments in exploration activities to recover their reserve replacement ratio.
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Owing to the demand from the United States and Canada, North America leads the directional drilling services market and is expected to be the largest market. The United States has one of the largest shale gas reserves that can be technically recovered, and the second largest tight oil reserves in the world. The technological development in the hydraulic fracturing and low breakeven prices has supported the oil and gas directional drilling activity in the region. In the United States, the directional drilling services market is primarily driven by new offshore projects and redevelopment of matured fields. Owing to the recovering drilling activity, the gas output is likely to reach an average of 47 billion cubic foot per day by the end of the year 2020.
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The major increase in activity is anticipated from Canada’s key crude oil and gas producing region, Alberta. Consequently, the directional drilling services market is estimated to grow at a moderate pace in Canada. Therefore, rapid growth in the drilling activities and the increase in many horizontal wells in the region are expected to drive the directional drilling services market during the forecast period. Owing to growing number of oil & gas, utility construction, and infrastructure development projects in the region, North America is poised to lead the global market throughout the forecast period. This dominance can be attributed to shale gas revolution and increase in exploration and production activities in the Gulf of Mexico as well as other countries in the region. Moreover, technological advancements such as long horizontal wellbores and other completion techniques such as multi-stage hydraulic fracturing are fueling the growth of directional drilling market in the region. According to the report published by United States Energy Information Administration, in 2016, hydraulically fractured horizontal wells accounted for in 69% of all oil and natural gas wells drilled in America. Tight oil and shale gas are emerging as an important new source of energy supply in the US and Canada.
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