![]() ![]() Increasing spending on E&P for offshore areas are expected to propel the demand for the directional drilling services market. The scope of onshore drilling services is expected to account for around 70% of the global market by the end of 2025. However, the supply began to deplete from 2004. For instance, the Cantarell oil field was the largest contributor to the worldwide production and accounted for 45% of the overall production till 2004. Over the past few years, the onshore sources have been witnessing depletion. Moreover, increased use of magnetometers, gyroscopes, and accelerometers to determine drill bit information, wellbore position, and directional data in real-time is expected to result in the market growth. ![]() The MWD and survey is expected to gain momentum owing to the real-time information provided to help in steering the drill, which helps overcome the extreme angle drilling challenges faced earlier.
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