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Drill Collars Market in the Middle East 2015-2019

Drill Collars Market in the Middle East 2015-2019

About Drill Collars

Drill collars are an essential part of the drill string. They form the lowest component of the drill string. Drill collars are heavy, thick-walled steel pipes with threaded connections at both ends. The end with an external thread is known as the male end, whereas the end with an internal thread is known as the female end. The basic purpose of a drill collar is to provide the necessary weight for drilling purposes. Drill collars are machined out of solid steel bars as per API specifications. They are manufactured from standard steel (usually plain carbon steel) or a non-magnetic alloy of steel and copper or other non-magnetic alloys. The bars of solid steel are bored from one end to the other to provide passage for drilling fluids. There are usually two types of drill collar: slick and spiral. Standard drill collars are about 9 meters in length. Drill collars are characterized by high tensile strength and fatigue resistance. The various uses of drill collars are:

  • To provide necessary weight to the drill bit
  • To protect the drill string from buckling forces
  • To provide a pendulum effect to maintain the vertical trajectory of the well
  • To stabilize the drill bit to increase the drilling efficiency
  • To help maintain hole size integrity
Technavio's analysts forecast the drill collar market in the Middle East to grow at a CAGR of 13.19% over the period 2014-2019.

Covered in this Report

The drill collar market in the Middle East is segmented as follows:
  • Design: Slick and spiral
  • Raw materials: Standard steel drill collar and non-magnetic alloy drill collar
  • Technavio's report, Drill Collar Market in the Middle East 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the drill collar market in Middle East forecast and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

    Key Vendors
    • Halliburton
    • Hunting
    • Schlumberger
    • Tasman Oil Tools
    • Vallourec
    • Weatherford International
    Other Prominent Vendors
    • ACE
    • Aliron Tool Research
    • Challenger International
    • Command Energy Services
    • Downhole Oil Tools
    • Global Drilling Solutions
    • National Oilwell Varco
    • Workstrings International
    Market Driver
    • Increased Demand for Oil and Gas Globally
    • For a full, detailed list, view our report
    Market Challenge
    • Increase in Geopolitical Issues
    • For a full, detailed list, view our report
    Market Trend
    • Advances in Technology
    • For a full, detailed list, view our report
    Key Questions Answered in this Report
    • What will the market size be in 2019 and what will the growth rate be?
    • What are the key market trends?
    • What is driving this market?
    • What are the challenges to market growth?
    • Who are the key vendors in this market space?
    • What are the market opportunities and threats faced by the key vendors?
    • What are the strengths and weaknesses of the key vendors?


    Press Release

    Technavio Announces the Publication of its Research Report – Drill Collar Market in the Middle East 2015-2019

    Technavio recognizes the following companies as the key players in the drill collar market in the Middle East: Halliburton, Hunting plc, Schlumberger Ltd., Tasman Oil Tools, Vallourec SA and Weatherford International

    Other Prominent Vendors in the market are: National Oilwell Varco, Challenger International, ACE, Command Energy Services, Downhole Oil Tools, Workstrings International, Global drilling solutions and Aliron Tool Research.

    Commenting on the report, an analyst from Technavio’s team said: “Decreased Investment in in-house production units is one of the major trends being witnessed in this market. Integrated oil and gas companies in the Middle East are reducing investments in drill collar manufacturing as the equipment is easily available in the market with customization. Also, by renting drill collars, the overall capital cost for operators will reduce, and liability for performance is transferred to the equipment provider.”

    According to the report, increased global demand for oil and gas is fueling the market growth. This demand will encourage vendors to make large investments in advanced oilfield technologies to increase the efficiency and reliability of drill collars and other drilling equipments.

    Further, the report states that geopolitical issues in the Middle East have led to the decline in foreign investments and also adversely impacted the ongoing and upcoming drilling projects. With the rising environmental and human health concerns, renewable and sustainable sources of energy have gained importance over fossil fuels.

    Companies Mentioned

    Halliburton, Hunting plc, Schlumberger Ltd., Tasman Oil Tools, Vallourec SA, Weatherford International, National Oilwell Varco, Challenger International, ACE, Command Energy Services, Downhole Oil Tools, Workstrings International, Global drilling solutions, Aliron Tool Research.

    • Executive Summary
    • List of Abbreviations
    • Scope of the Report
      • Market Overview
      • Product Offerings
    • Market Research Methodology
      • Market Research Process
      • Research Methodology
        • Table Market Research Methodology
    • Introduction
    • Overview of Oil and Gas Market in Middle East
    • Market Landscape
      • Market Overview
      • Drill Collar Manufacturing Process
        • Table Drill Collar Manufacturing Process
        • Table Slick Drill Collar
        • Table Spiral Drill Collar
      • Market Size and Forecast
        • Table Drill Collar Market in Middle East 2014-2019 ($ millions)
      • Five Forces Analysis
    • Market Segmentation by Raw Material
      • Drill Collar Market in Middle East by Raw Material 2014
        • Table Drill Collar Market in Middle East by Raw Material 2014
      • Drill Collar Market in Middle East by Raw Material 2019
        • Table Drill Collar Market in Middle East by Raw Material 2019
      • Drill Collar Market in Middle East by Raw Material 2014-2019
      • Drill Collar Market in Middle East by Standard Steel Drill Collar
        • Market Size and Forecast
          • Table Drill Collar Market in Middle East by Standard Steel Drill Collar 2014-2019 ($ millions)
      • Drill Collar Market in Middle East by Non-magnetic Alloy Drill Collar
        • Market Size and Forecast
          • Table Drill Collar Market in Middle East by Non-magnetic Alloy Drill Collar 2014-2019 ($ millions)
    • Market Segmentation by Design
      • Drill Collar Market in Middle East by Design 2014
        • Table Drill Collar Market in Middle East by Design 2014
      • Drill Collar Market in Middle East by Design 2019
        • Table Drill Collar Market in Middle East by Design 2019
      • Drill Collar Market in Middle East by Design 2014-2019
      • Drill Collar Market in Middle East by Slick Drill Collar
        • Market Size and Forecast
          • Table Drill Collar Market in Middle East by Slick Drill Collar 2014-2019 ($ millions)
      • Drill Collar Market in Middle East by Spiral Drill Collar
        • Market Size and Forecast
          • Table Drill Collar Market in Middle East by Spiral Drill Collar 2014-2019 ($ millions)
    • Key Leading Countries
      • Drill Collar Market in Middle East by Key Countries
        • Table Drill Collar Market in Middle East by Key Countries 2014
        • Table Drill Collar Market in Middle East by Key Countries 2019
      • Drill Collar Market in Middle East by Key Countries 2014-2019
      • Saudi Arabia
        • Market Size and Forecast
          • Table Drill Collar Market in Saudi Arabia 2014-2019 ($ millions)
      • Iran
        • Market Size and Forecast
          • Table Drill Collar Market in Iran 2014-2019 ($ millions)
      • Iraq
        • Market Size and Forecast
          • Table Drill Collar Market in Iraq 2014-2019 ($ millions)
      • UAE
        • Market Size and Forecast
          • Table Drill Collar Market in UAE 2014-2019 ($ millions)
      • Kuwait
        • Market Size and Forecast
          • Table Drill Collar Market in Kuwait 2014-2019 ($ millions)
      • Others
        • Market Size and Forecast
          • Table Drill Collar Market in Other Middle East Countries 2014-2019 ($ millions)
    • Buying Criteria
    • Market Growth Drivers
    • Drivers and their Impact
    • Market Challenges
    • Impact of Drivers and Challenges
    • Market Trends
    • Trends and their Impact
    • Vendor Landscape
      • Competitive Scenario
        • Key News
        • Mergers and Acquisitions
      • Other Prominent Vendors
    • Key Vendor Analysis
      • Halliburton
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue
          • Table Business Segmentation of Halliburton by Revenue 2013
          • Table Business Segmentation of Halliburton by Revenue 2012 and 2013 ($ billions)
        • Geographical Segmentation by Revenue
          • Table Geographical Segmentation of Halliburton by Revenue 2013
        • Business Strategy
        • Key Information
        • SWOT Analysis
      • Hunting
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2014
          • Table Hunting: Business Segmentation by Revenue 2014
        • Business Segmentation by Revenue 2013 and 2014
          • Table Hunting: Business Segmentation by Revenue 2013 and 2014 ($ millions)
        • Geographical Segmentation by Revenue 2014
          • Table Hunting: Geographical Segmentation by Revenue 2014
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Schlumberger
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue
          • Table Business Segmentation of Schlumberger by Revenue 2013
          • Table Business Segmentation of Schlumberger by Revenue 2012 and 2013 ($ millions)
        • Geographical Segmentation by Revenue
          • Table Geographical Segmentation of Schlumberger by Revenue 2013
        • Business Strategy
        • Key Information
        • SWOT Analysis
      • Tasman Oil Tools
        • Key Facts
        • Business Overview
        • SWOT Analysis
      • Vallourec
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2013
          • Table Vallourec: Business Segmentation by Revenue 2013
        • Business Segmentation by Revenue 2012 and 2013
          • Table Vallourec: Business Segmentation by Revenue 2012 and 2013 ($ millions)
        • Geographical Segmentation by Revenue 2013
          • Table Vallourec: Geographical Segmentation by Revenue 2013
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Weatherford International
        • Key facts
        • Business Overview
        • Product Segmentation by Revenue
          • Table Weatherford International: Product Segmentation by Revenue 2013
        • Geographical Segmentation by Revenue
          • Table Weatherford International: Geographical Segmentation by Revenue 2013
        • Business Strategy
        • Key Developments
        • SWOT Analysis
    • Other Reports in this Series

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