Directional Drilling Services Market is Estimated to Witness High Growth Owing to Increasing Shale Gas Exploration Activities
Directional Drilling Services Market The directional drilling services market is estimated to be valued at US$ 8.31 Billion in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Directional drilling services are used to drill oil and gas wells in a specific path or direct trajectory other than vertically. Directional drilling reduces environmental impact, improves drilling safety, allows multiple wells to be drilled from a single surface location, extends reach of wells, and provides access to reservoirs that were previously inaccessible. Services provided include rotary steerable systems, mud motors, and measurement-while-drilling and logging-while-drilling instruments. Market key trends: Increasing shale gas exploration activities worldwide are expected to drive the growth of the global directional drilling services market over the forecast period. ...