Global Drill Pipe Market Research

Sep 20, 2014 : Bharat Book Bureau presents the new report, on "Global Drill Pipe Market Research”, Drill pipe are made of steel and aluminum according to the American petroleum institute standards.

Drill pipe, is drilling rental equipment which has a great importance in global oilfield equipment rental market. It’s a hollow thick walled pipe which allows drilling mud to be pumped down through the pipe. These pipes have various sizes and its length depends upon its application. Large quantities of drill pipe are used while drilling through various types of subs. Drill pipe are made of steel and aluminum according to the American petroleum institute standards.

The report, “Drill pipe market Forecast 2014-2019” analyzed by geography. In terms of geography, this market is segmented in to North America, Asia Pacific, Europe &Eurasia, Africa, Latin America, and Middle East.

The global oil field equipment rental market is mainly driven by the increasing drilling activities in the upstream Oil & gas business. The increasing oil price, discoveries of oil rigs and offshore platforms has raised the importance of exploration and production activities so the oil companies mostly focus on renting the equipments rather than buying because renting eliminates maintenance cost and also helps to access to the latest technology. It also helps the companies to maintain its cash reserves for more essential expenditure.

The growing numbers of depth wells has raised the importance of drill pipe. The drill pipe equipment rental market is the largest in terms size among drilling equipment rental market.

The report in addition provides an extensive competitive landscaping of key companies operating in Drill pipe market which includes Halliburton (U.S), Nation oilwell Varco (U.S), Vallourec (France), Schlumberger (U.S) and others. The report also provides an extensive competitive landscaping of companies operating in this market, country wise market share, new product and services...