Summary

The managed pressure drilling market is projected to reach US$ 7.22 billion by 2031 from US$ 4.85 billion in 2023; the market is expected to register a CAGR of 5.1% during 2023–2031.

Continuous developments in managed pressure drilling solutions and a rise in investments in the oil and gas sector are expected to offer substantial opportunities for the market players over the forecast period. In January 2024, Nabors Industries Ltd and SLB announced a collaboration to boost the adoption of automated drilling solutions among oil and gas operators and drilling contractors. This strategic initiative is anticipated to enable customers to seamlessly integrate the drilling automation applications and rig operating systems to deliver enhanced well construction efficiency and performance.

The market is segmented into Technology and Application. The technology segment is further classified into Constant Bottom Hole Pressure (CBHP), Mud Cap Drilling (MCD), Dual Gradient Drilling (DGD), and Return Flow Control Drilling (RFCD). The application segment of the managed pressure drilling market is sub-segmented into onshore and offshore.

A few of the key companies operating in the managed pressure drilling market are Ensign Energy Services, ADS Services LLC, Archer, Blade Energy Partners, Nabors Industries Ltd, Air Drilling Associates Inc, Halliburton Co, SLB Weatherford International Plc, and NOV Inc. Several other companies are also functioning in the market and are contributing substantial revenues toward its growth. A few of the latest developments by key players operating in the managed pressure drilling market are mentioned below:

• In July 2024, Archer successfully agreed with Air Drilling Associates, Inc. to acquire their Managed Pressure Drilling (MPD) subsidiary, ADA Argentina (ADA). With this acquisition, Archer strengthened its position in the managed pressure drilling market.

• In February 2023, Nabors Industries Ltd and Corva announced a partnership to offer a first-of-its-kind digital and automation offering to the global drilling industry to deliver solutions that rapidly scale process and machine automation, enhance remote project oversight, and streamline data exchange and collaboration across any AC rig fleet.

• In July 2021, Constellation Drillship received a contract from Petrobras-offshore Brazil for drilling services. The Constellation Drillship offers integrated services that include the deployment of managed pressure drilling systems.

In April 2021, National Energy Services Reunited Corp. (NESR) partnered with Beyond Energy to provide and deploy managed pressure drilling services in Asia and the Middle East & Africa.

The managed pressure drilling process involves controlling the annular pressure levels throughout the wellbore. The process is cost-effective and timesaving and offers improved safety in drilling operations. This process enables drilling complex extended-reach deep-gas deep-water wells. Thus, the rising onshore and offshore activities fuel the demand for pressure drilling equipment and services, which drives the managed pressure drilling market

The MEA is projected to record a rapid rise in urbanization, which fuels the growth of the regional economy. Gulf countries are economically advanced, while African countries have yet to match their economic status. The boost in per capita income, recovering economic conditions, and government spending on infrastructure development are among the factors contributing to the demand for managed pressure drilling operations.

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Table of Contents

TABLE OF CONTENTS

1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Managed Pressure Drilling Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Managed Pressure Drilling Market – Key Market Dynamics
5.1 Managed Pressure Drilling Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Rise in Onshore and Offshore Drilling Activities
5.2.2 Significant Investments in Oil and Gas Projects
5.3 Market Restraints
5.3.1 High Initial Investment Toward Installing Managed Pressure Drilling Systems
5.4 Market Opportunities
5.4.1 Growing Use of Modern Drilling Equipment for High-Pressure and High-Temperature Wells
5.4.2 Increasing Adoption of Strategic Initiatives to Develop Innovative Products
5.5 Future Trends
5.5.1 Proliferation of Industry 4.0
5.6 Impact of Drivers and Restraints:
6. Managed Pressure Drilling Market – Global Market Analysis
6.1 Managed Pressure Drilling Market Revenue (US$ Million), 2021–2031
6.2 Managed Pressure Drilling Market Forecast Analysis
7. Managed Pressure Drilling Market Analysis – by Technology
7.1 Constant Bottom Hole Pressure
7.1.1 Overview
7.1.2 Constant Bottom Hole Pressure: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Mud Cap Drilling
7.2.1 Overview
7.2.2 Mud Cap Drilling: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Dual Gradient Drilling
7.3.1 Overview
7.3.2 Dual Gradient Drilling: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Return Flow Control Drilling
7.4.1 Overview
7.4.2 Return Flow Control Drilling: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
8. Managed Pressure Drilling Market Analysis – by Application
8.1 Onshore
8.1.1 Overview
8.1.2 Onshore: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Offshore
8.2.1 Overview
8.2.2 Offshore: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9. Managed Pressure Drilling Market – Geographical Analysis
9.1 Overview
9.2 North America
9.2.1 North America Managed Pressure Drilling Market Overview
9.2.2 North America: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.2.3 North America: Managed Pressure Drilling Market Breakdown, by Technology
9.2.3.1 North America: Managed Pressure Drilling Market – Revenue and Forecast Analysis – by Technology
9.2.4 North America: Managed Pressure Drilling Market Breakdown, by Application
9.2.4.1 North America: Managed Pressure Drilling Market – Revenue and Forecast Analysis – by Application
9.2.5 North America: Managed Pressure Drilling Market – Revenue and Forecast Analysis – by Country
9.2.5.1 North America: Managed Pressure Drilling Market – Revenue and Forecast Analysis – by Country
9.2.5.2 United States: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.2.5.2.1 United States: Managed Pressure Drilling Market Breakdown, by Technology
9.2.5.2.2 United States: Managed Pressure Drilling Market Breakdown, by Application
9.2.5.3 Canada: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.2.5.3.1 Canada: Managed Pressure Drilling Market Breakdown, by Technology
9.2.5.3.2 Canada: Managed Pressure Drilling Market Breakdown, by Application
9.2.5.4 Mexico: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.2.5.4.1 Mexico: Managed Pressure Drilling Market Breakdown, by Technology
9.2.5.4.2 Mexico: Managed Pressure Drilling Market Breakdown, by Application
9.3 Europe
9.3.1 Europe Managed Pressure Drilling Market Overview
9.3.2 Europe: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.3.3 Europe: Managed Pressure Drilling Market Breakdown, by Technology
9.3.3.1 Europe: Managed Pressure Drilling Market – Revenue and Forecast Analysis – by Technology
9.3.4 Europe: Managed Pressure Drilling Market Breakdown, by Application
9.3.4.1 Europe: Managed Pressure Drilling Market – Revenue and Forecast Analysis – by Application
9.3.5 Europe: Managed Pressure Drilling Market – Revenue and Forecast Analysis – by Country
9.3.5.1 Europe: Managed Pressure Drilling Market – Revenue and Forecast Analysis – by Country
9.3.5.2 Germany: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.2.1 Germany: Managed Pressure Drilling Market Breakdown, by Technology
9.3.5.2.2 Germany: Managed Pressure Drilling Market Breakdown, by Application
9.3.5.3 United Kingdom: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.3.1 United Kingdom: Managed Pressure Drilling Market Breakdown, by Technology
9.3.5.3.2 United Kingdom: Managed Pressure Drilling Market Breakdown, by Application
9.3.5.4 France: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.4.1 France: Managed Pressure Drilling Market Breakdown, by Technology
9.3.5.4.2 France: Managed Pressure Drilling Market Breakdown, by Application
9.3.5.5 Italy: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.5.1 Italy: Managed Pressure Drilling Market Breakdown, by Technology
9.3.5.5.2 Italy: Managed Pressure Drilling Market Breakdown, by Application
9.3.5.6 Russia: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.6.1 Russia: Managed Pressure Drilling Market Breakdown, by Technology
9.3.5.6.2 Russia: Managed Pressure Drilling Market Breakdown, by Application
9.3.5.7 Rest of Europe: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.7.1 Rest of Europe: Managed Pressure Drilling Market Breakdown, by Technology
9.3.5.7.2 Rest of Europe: Managed Pressure Drilling Market Breakdown, by Application
9.4 Asia Pacific
9.4.1 Asia Pacific Managed Pressure Drilling Market Overview
9.4.2 Asia Pacific: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.4.3 Asia Pacific: Managed Pressure Drilling Market Breakdown, by Technology
9.4.3.1 Asia Pacific: Managed Pressure Drilling Market – Revenue and Forecast Analysis – by Technology
9.4.4 Asia Pacific: Managed Pressure Drilling Market Breakdown, by Application
9.4.4.1 Asia Pacific: Managed Pressure Drilling Market – Revenue and Forecast Analysis – by Application
9.4.5 Asia Pacific: Managed Pressure Drilling Market – Revenue and Forecast Analysis – by Country
9.4.5.1 Asia Pacific: Managed Pressure Drilling Market – Revenue and Forecast Analysis – by Country
9.4.5.2 China: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.2.1 China: Managed Pressure Drilling Market Breakdown, by Technology
9.4.5.2.2 China: Managed Pressure Drilling Market Breakdown, by Application
9.4.5.3 Japan: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.3.1 Japan: Managed Pressure Drilling Market Breakdown, by Technology
9.4.5.3.2 Japan: Managed Pressure Drilling Market Breakdown, by Application
9.4.5.4 South Korea: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.4.1 South Korea: Managed Pressure Drilling Market Breakdown, by Technology
9.4.5.4.2 South Korea: Managed Pressure Drilling Market Breakdown, by Application
9.4.5.5 India: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.5.1 India: Managed Pressure Drilling Market Breakdown, by Technology
9.4.5.5.2 India: Managed Pressure Drilling Market Breakdown, by Application
9.4.5.6 Australia: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.6.1 Australia: Managed Pressure Drilling Market Breakdown, by Technology
9.4.5.6.2 Australia: Managed Pressure Drilling Market Breakdown, by Application
9.4.5.7 Rest of APAC: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.7.1 Rest of APAC: Managed Pressure Drilling Market Breakdown, by Technology
9.4.5.7.2 Rest of APAC: Managed Pressure Drilling Market Breakdown, by Application
9.5 Middle East and Africa
9.5.1 Middle East and Africa Managed Pressure Drilling Market Overview
9.5.2 Middle East and Africa: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.5.3 Middle East and Africa: Managed Pressure Drilling Market Breakdown, by Technology
9.5.3.1 Middle East and Africa: Managed Pressure Drilling Market – Revenue and Forecast Analysis – by Technology
9.5.4 Middle East and Africa: Managed Pressure Drilling Market Breakdown, by Application
9.5.4.1 Middle East and Africa: Managed Pressure Drilling Market – Revenue and Forecast Analysis – by Application
9.5.5 Middle East and Africa: Managed Pressure Drilling Market – Revenue and Forecast Analysis – by Country
9.5.5.1 Middle East and Africa: Managed Pressure Drilling Market – Revenue and Forecast Analysis – by Country
9.5.5.2 South Africa: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.5.5.2.1 South Africa: Managed Pressure Drilling Market Breakdown, by Technology
9.5.5.2.2 South Africa: Managed Pressure Drilling Market Breakdown, by Application
9.5.5.3 Saudi Arabia: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.5.5.3.1 Saudi Arabia: Managed Pressure Drilling Market Breakdown, by Technology
9.5.5.3.2 Saudi Arabia: Managed Pressure Drilling Market Breakdown, by Application
9.5.5.4 United Arab Emirates: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.5.5.4.1 United Arab Emirates: Managed Pressure Drilling Market Breakdown, by Technology
9.5.5.4.2 United Arab Emirates: Managed Pressure Drilling Market Breakdown, by Application
9.5.5.5 Rest of Middle East and Africa: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.5.5.5.1 Rest of Middle East and Africa: Managed Pressure Drilling Market Breakdown, by Technology
9.5.5.5.2 Rest of Middle East and Africa: Managed Pressure Drilling Market Breakdown, by Application
9.6 South and Central America
9.6.1 South and Central America Managed Pressure Drilling Market Overview
9.6.2 South and Central America: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.6.3 South and Central America: Managed Pressure Drilling Market Breakdown, by Technology
9.6.3.1 South and Central America: Managed Pressure Drilling Market – Revenue and Forecast Analysis – by Technology
9.6.4 South and Central America: Managed Pressure Drilling Market Breakdown, by Application
9.6.4.1 South and Central America: Managed Pressure Drilling Market – Revenue and Forecast Analysis – by Application
9.6.5 South and Central America: Managed Pressure Drilling Market – Revenue and Forecast Analysis – by Country
9.6.5.1 South and Central America: Managed Pressure Drilling Market – Revenue and Forecast Analysis – by Country
9.6.5.2 Brazil: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.6.5.2.1 Brazil: Managed Pressure Drilling Market Breakdown, by Technology
9.6.5.2.2 Brazil: Managed Pressure Drilling Market Breakdown, by Application
9.6.5.3 Argentina: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.6.5.3.1 Argentina: Managed Pressure Drilling Market Breakdown, by Technology
9.6.5.3.2 Argentina: Managed Pressure Drilling Market Breakdown, by Application
9.6.5.4 Rest of South and Central America: Managed Pressure Drilling Market – Revenue and Forecast to 2031 (US$ Million)
9.6.5.4.1 Rest of South and Central America: Managed Pressure Drilling Market Breakdown, by Technology
9.6.5.4.2 Rest of South and Central America: Managed Pressure Drilling Market Breakdown, by Application
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Mergers & Acquisitions
11.3 Collaborations
12. Company Profiles
12.1 Ensign Energy Services
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 ADS Services, LLC
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Archer
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Blade Energy Partners
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Nabors Industries Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Air Drilling Associates, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Halliburton Co
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 SLB
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Weatherford International Plc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 NOV Inc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners