Growth in the measurement-while-drilling sector continues

Journal Article · Mon Sep 16 04:00:00 EDT 1991 · Oil and Gas Journal; (United States)

OSTI ID:5795373

Hall, G T ^[1]

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1. First Boston Corp., New York (US)

This book reports that the measurement while drilling (MWD) market is showing some of the most impressive growth in the oil field. Tremendous improvements in the reliability and capability of MWD tools have spurred the expansion of this market. During 1990, the worldwide MWD market expanded by 48%, rising from $250 million in 1989 to $370 million in 1990. The MWD market should expand 15-20% to exceed $430 million in 1991. Although an expansion of 15-20% is considered good, further growth will be impeded by the slowdown of drilling in the Gulf of Mexico. Total market growth should return to greater than 20% per year in 1992 and 1993. MWD technology is in the midst of a rapid adaptation phase, led by expansion of formation evaluation and other logs and by international expansion in long-reach directional and horizontal drilling. The formation evaluation-while- drilling market will have minimal impact on the size and growth of the wire line market. Customers will increasingly employ teams which include drilling and petrophysics personnel to make MWD purchase decisions. Integration of performance drilling systems including all bottom hole components will accelerate because of increases in automation and the need for cost reduction.

• OSTI ID: 5795373
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 89:37; ISSN OIGJA; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020300 -- Petroleum-- Drilling & Production
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
440400 -- Well Logging Instrumentation
47 OTHER INSTRUMENTATION
ATLANTIC OCEAN
AUTOMATION
CARIBBEAN SEA
DIRECTIONAL DRILLING
DRILLING
ECONOMIC ANALYSIS
ECONOMICS
GEOLOGIC DEPOSITS
GULF OF MEXICO
MARKET
MINERAL RESOURCES
MWD SYSTEMS
OIL FIELDS
OIL WELLS
PETROLEUM DEPOSITS
RESOURCES
SEAS
SURFACE WATERS
WELL DRILLING
WELLS