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:
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.
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.