Drill collar, is drilling rental equipment which has a great importance in global oilfield equipment rental market. It’s a hollow, thick walled and heavy tubular which present between drill pipe and bit. The heavy weight of drill collar helps to break rock formation while drilling. These are made up of steel and non magnetic nickel copper alloy according to the American petroleum institute standards.
The report, “Drill collar 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 and the demands for horizontal completion has raised the importance of drill collar. The easy availability of dill collar on rent has been driving the market to grow.
The report in addition provides an extensive competitive landscaping of key companies operating in Drill collar 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 launches, M&A, product portfolio of key players.
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