Exploration & Drilling Market Research Reports

Exploration and drilling are upstream activities in the oil & gas industry used to locate, characterize, access and produce from geological hydrocarbon deposits of petroleum (oil) and natural gas. The upstream sector of the oil & gas industry is also referred to through the synonymous industry term of exploration & production (E&P) or the activities of searching for, recovering, and producing crude oil and natural gas. In the oil & gas industry chain, E&P companies utilize traditional strategies in exploration geophysics including gravity, magnetic, passive seismic, and seismic reflection surveys of subsurface geologies. Discovered features of subsurface geology suggestive of a hydrocarbon deposit constitute a “lead” that leads to more seismic profiling to identify a “prospect” reservoir. Exploration wells are then drilled to determine the features and extent of the prospect hydrocarbon reservoir. The staged process of upstream exploration activities is indicative of the high costs at each step, with investment in a particular area or field proceeding only when suitable leads and prospects are discovered.

Production drilling follows exploration surveying and drilling when a suitable prospect for oil and gas recovery is conclusively identified. A drill string and drill bit is used to drill an oil or gas well and is controlled from the surface drill rig. The drilled well is then completed in order to optimize the flow of oil or gas into the well casing so that primary production can commence. Future phases of secondary and tertiary or enhanced hydrocarbon recovery (EOR) can be facilitated through the drilling of injection wells.

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Exploration & Drilling Industry Research & Market Reports

  • Well Testing Services

    ... at a CAGR of 5.1% over the analysis period 2024-2030. Horizontal Well, one of the segments analyzed in the report, is expected to record a 5.1% CAGR and reach US$9.5 Billion by the end of ... Read More

  • Well Intervention

    ... CAGR of 3.9% over the analysis period 2024-2030. Logging & Bottomhole Survey, one of the segments analyzed in the report, is expected to record a 3.6% CAGR and reach US$3.5 Billion by the end of ... Read More

  • Well Completion Equipment

    ... at a CAGR of 4.5% over the analysis period 2024-2030. Packers, one of the segments analyzed in the report, is expected to record a 4.7% CAGR and reach US$5.2 Billion by the end of the ... Read More

  • Robotic Drilling

    ... CAGR of 4.3% over the analysis period 2024-2030. Hardware, one of the segments analyzed in the report, is expected to record a 5.1% CAGR and reach US$590.4 Million by the end of the analysis period. ... Read More

  • Wireline Logging Services

    ... at a CAGR of 1.8% over the analysis period 2024-2030. Cased Hole, one of the segments analyzed in the report, is expected to record a 1.6% CAGR and reach US$2.9 Billion by the end of ... Read More

  • Virtual Pipeline Systems

    ... at a CAGR of 4.8% over the analysis period 2024-2030. Industrial, one of the segments analyzed in the report, is expected to record a 5.0% CAGR and reach US$1.2 Billion by the end of the ... Read More

  • Mooring Inspection

    ... CAGR of 3.8% over the analysis period 2024-2030. Below Water Inspection (BWI), one of the segments analyzed in the report, is expected to record a 4.1% CAGR and reach US$386.1 Million by the end of ... Read More

  • Autonomous Drilling Rigs

    ... at a CAGR of 6.4% over the analysis period 2024-2030. The U.S. Market is Estimated at US$298.3 Million While China is Forecast to Grow at 5.9% CAGR The Autonomous Drilling Rigs market in the U.S. ... Read More

  • Offshore Mooring Systems

    ... at a CAGR of 1.3% over the analysis period 2024-2030. Spread Mooring, one of the segments analyzed in the report, is expected to record a 1.2% CAGR and reach US$448.8 Million by the end of ... Read More

  • Gravel Pack

    ... CAGR of 5.1% over the analysis period 2024-2030. Onshore, one of the segments analyzed in the report, is expected to record a 5.4% CAGR and reach US$843.5 Million by the end of the analysis period. ... Read More

  • Crawler Camera Systems

    ... at a CAGR of 14.0% over the analysis period 2024-2030. Hardware, one of the segments analyzed in the report, is expected to record a 13.6% CAGR and reach US$382.2 Million by the end of the ... Read More

  • Well Casing and Cementation Hardware

    ... Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2024-2030. Well Casing, one of the segments analyzed in the report, is expected to record a 4.7% CAGR and reach US$10.7 Billion ... Read More

  • Intelligent Pigging

    ... CAGR of 4.7% over the analysis period 2024-2030. Magnetic Flux Leakage, one of the segments analyzed in the report, is expected to record a 4.4% CAGR and reach US$689.8 Million by the end of the ... Read More

  • Intelligent Completion

    ... CAGR of 4.7% over the analysis period 2024-2030. Hardware, one of the segments analyzed in the report, is expected to record a 5.5% CAGR and reach US$2.5 Billion by the end of the analysis period. ... Read More

  • Subsea Systems

    ... CAGR of 3.6% over the analysis period 2024-2030. SURF, one of the segments analyzed in the report, is expected to record a 3.9% CAGR and reach US$5.8 Billion by the end of the analysis period. ... Read More

  • Exploration and Production (E&P) Software

    ... Billion by 2030, growing at a CAGR of 15.9% over the analysis period 2024-2030. Reservoir Simulation, one of the segments analyzed in the report, is expected to record a 18.2% CAGR and reach US$4.3 Billion ... Read More

  • Sand Screens

    ... CAGR of 4.4% over the analysis period 2024-2030. Onshore, one of the segments analyzed in the report, is expected to record a 4.7% CAGR and reach US$432.0 Million by the end of the analysis period. ... Read More

  • Horizontal Directional Drilling (HDD)

    ... 2030, growing at a CAGR of 7.2% over the analysis period 2024-2030. Rigs, one of the segments analyzed in the report, is expected to record a 7.3% CAGR and reach US$9.2 Billion by the end ... Read More

  • Coiled Tubing

    ... CAGR of 3.0% over the analysis period 2024-2030. Well Intervention & Production Services, one of the segments analyzed in the report, is expected to record a 2.7% CAGR and reach US$3.0 Billion by the end ... Read More

  • Off-Shore Cranes

    ... CAGR of 8.5% over the analysis period 2024-2030. Knuckle Boom, one of the segments analyzed in the report, is expected to record a 9.1% CAGR and reach US$16.2 Billion by the end of the analysis ... Read More

  • Oil and Gas Drilling Automation

    ... Billion by 2030, growing at a CAGR of 2.1% over the analysis period 2024-2030. On-Shore, one of the segments analyzed in the report, is expected to record a 2.4% CAGR and reach US$2.3 Billion by ... Read More

  • Downhole Drilling Tools

    ... at a CAGR of 4.0% over the analysis period 2024-2030. Roller Cone Drill Bit, one of the segments analyzed in the report, is expected to record a 3.8% CAGR and reach US$6.4 Billion by the ... Read More

  • Proppants

    ... 6.9% over the analysis period 2024-2030. Frac Sand, one of the segments analyzed in the report, is expected to record a 7.3% CAGR and reach US$11.9 Billion by the end of the analysis period. Growth ... Read More

  • Subsea Well Access Systems

    ... 2030, growing at a CAGR of 4.6% over the analysis period 2024-2030. Rig-Based, one of the segments analyzed in the report, is expected to record a 4.9% CAGR and reach US$3.7 Billion by the end ... Read More

  • Drilling Fluids

    ... CAGR of 4.4% over the analysis period 2024-2030. Water-Based, one of the segments analyzed in the report, is expected to record a 5.1% CAGR and reach US$6.1 Billion by the end of the analysis period. ... Read More

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