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Monday, 25 May 2015

Drill Collars Market in the Middle East 2015-2019 Forecast Report Available Online by include new market research report"Drill Collars Market in the Middle East 2015-2019 " to its huge collection of research reports.

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. 

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Key Vendors

Tasman Oil Tools
Weatherford International 

Other Prominent Vendors

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

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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?

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