LONDON--(BUSINESS WIRE)--Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘Directional Drilling Procurement Market Research Report.’ The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the utilities industry. This report breaks down the data and analysis behind the procurement of directional drilling and acts as an all-inclusive guide for making smart purchasing decisions.
“The increasing demand for shale gas in countries such as the US, the UK, Canada, Argentina, China, Poland, and Mexico has driven the use of directional drilling,” says SpendEdge procurement analyst Tridib Bora. “This is to enhance production of shale gas across natural gas formations,” added Tribid.
Key Report Features
| Supply Market Insights | Negotiation Strategies | ||
| Procurement Best Practices | Category Risk Analysis | ||
| Cost Saving Opportunities | Key Supplier Analysis | ||
| Pricing Models | Supplier Capability Matrix |
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Report Insights
- The growing demand for oil and gas around the globe due to the increasing use of transportation such as cars, buses, trucks, ships, and aircraft is one of the key reasons driving the growth of the global directional drilling market. This demand will be predominantly due to urbanization as people in developed and developing countries will make use of private vehicles as well as public transportation.
- Purchasing managers must engage with suppliers that can provide closed-loop directional drilling systems. This will help limit water pollution around the reservoir, thus enhancing oil output from a reservoir.
- Every oil or gas reservoir has a different geological formation around it. This makes it difficult for purchasing managers and suppliers to carry out a set procedure for E&P across different geographic locations. High or low inclination of the drilling bit compared with the planned trajectory can increase directional drilling time. This might increase the time required to reach the reservoir, which can exceed the estimated operational costs.
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Directional Drilling Pricing Trends
The cost per day pricing model is the most widely adopted pricing model in the global directional drilling market. This pricing model is highly transparent in terms of cost break-up as purchasing managers have to pay rent on a per day basis for each equipment and drilling supervisor or consultant.
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