Drill collars are thick-walled and heavy-duty industrial tubular components used with the drill string. They are used in the bottom hole assembly (BHA) above the drill bit to increase weight for drilling into the ground. The collars are manufactured from non-magnetic nickel-copper alloy, solid bars of modified alloy steel, or other premium alloys. The bars are drilled from end to end to accommodate a passage for drilling and completion fluids through the collars. Drill collar is thick-walled and heavier than drill pipes. It functions as a shock absorber to impact forces and dampen the vibrations caused by drilling.
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The burgeoning oil and gas exploration activities have elevated the number of new oil wells, consequently augmenting the market growth. Additionally, the consistent probe for finding unconventional resources, like shale gas, and rising investments in the onshore oil and gas industry also impel the market growth. Moreover, extensive research and development (R&D) activities to enhance the efficiency of drill collars also bolsters the industrial growth. Furthermore, leading players are producing spiral drill collars for preventing drill string from getting stuck in the hole while allowing drilling debris and lubricant to pass more smoothly around the collar, which is also projected to induce the market growth.
The report has segmented the market on the basis of type, application, design and region.
Breakup by Type:
Standard Steel Drill Collar
Non-magnetic Drill Collar
Breakup by Application:
Breakup by Design:
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Breakup by Region:
Middle East and Africa
Competitive Landscape:Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players American Oilfield Tools, Challenger International, Halliburton Hunting PLC, International Drilling Services Ltd (IDS), National Oilwell Varco (NOV), Schlumberger, Schoeller-Bleckmann, Vallourec, Weatherford International (Superior Energy Services) and Workstrings International.
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