Horizontal directional drilling involves deliberately deviating path of the well from vertical to horizontal. It enhances the production of the well by exposing the wellbore to a larger contact area of the reservoir. The horizontal directional drilling technique, when combined with multilateral wells, allows the horizontal penetration of several oil and gas formations at once, with the same vertical wellbore.

The drilling processes are evolving with the declining human footprint and accelerated emphasis toward system automation to improve the productivity, efficiency, safety, and quality of the drilling equipment. The automated process control and digital instrumentation is being incorporated in the next generation of the drilling systems.

Several new developments are being implemented in practice by the members of oil and gas drilling value chain. For instance, as of August 2018, BHGE enabled geo-steered horizontal directional wells from the curve section to the total depth in the Utica/Marcellus shale play in the US by creating a digital network to transfer real-time measurements of the wellbore. Therefore, the automation of the horizontal direction drilling technique drives the growth of the global horizontal directional drilling market at a CAGR of 7.85% during the forecast period.

Automation in horizontal directional drilling techniques is one of the key
trends that will gain traction in the market. Modern drilling systems are
being incorporated with automated process control and digital instrumentation.
Market players are offering automated step by step instructions to optimize
the horizontal directional drilling of wells. The automation of horizontal
direction drilling improves production efficiency, profitability, and
consistency, which will boost market growth. Furthermore, this industry
research report also presents a competitive analysis of the market by
application (onshore and offshore) and geography (APAC, Europe, MEA, North
America, and South America).

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Technavio has announced its latest market research report titled global
horizontal directional drilling market 2019-2023. (Graphic: Business Wire)

Technavio has announced its latest market research report titled global
horizontal directional drilling market 2019-2023. (Graphic: Business Wire)

Competitive vendor landscape

The global horizontal directional drilling market is highly competitive with
major vendors such as Baker Hughes, a GE Co. LLC, Halliburton Co., Nabors
Industries Ltd., Schlumberger Ltd., Scientific Drilling International Inc.,
and Weatherford International Plc., competing on the basis of price, quality,
and product/service offerings.

“North America will account for the highest horizontal directional drilling
market share throughout the forecast period because of the increasing
deployment of this technique for extracting oil and natural gas from shale
reservoirs. However, the market will register significant growth in the APAC
region, because of the continuous growth of both onshore and offshore projects
in the emerging economies of the region including China and India,” says a
senior analyst at Technavio