PRESS RELEASE

SpendEdge Announces the Launch of a New Procurement Market Research Report on the Global Directional Drilling Market

Sep 23, 2017

The increasing demand for shale gas in countries such as the US, the UK, Canada, Argentina, China, Poland, and Mexico has driven the use of directional drilling to enhance production of shale gas across natural gas formations.

LONDON: The strategic procurement research report on the directional drilling market is an integral part of SpendEdge’s utilities category portfolio and offers an in-depth assessment of the current supply market, key factors influencing strategic procurement decisions, procurement best practices, and pricing models. It also offers insights into the major supply chain risk management, demand-supply shifts, and key market developments to help procurement experts make smart procurement decisions.

The growing demand for oil and gas will increase across all regions due to the growth in the transportation sector (cars, buses, trucks, airplanes). This demand will be predominantly due to urbanization as people in developed and developing countries will make use of private vehicles as well as public transportation. To meet the future demand for oil and gas, sourcing and procurement managers will make use of directional drilling equipment and services along with other oilfield services.

“Purchasing managers must collaborate with suppliers that can offer a directional drilling consultant having significant expertise to drill in an oil and gas rig site,” says Tridib Bora, a utilities procurement research specialist at SpendEdge.

One of the most crucial challenges purchasing managers face is to obtain clearances for carrying out directional drilling and other processes essential for oil or gas E&P activities. Governments worldwide have stringent policies in place for the oil and gas industry as E&P activities have a negative impact on the environment.

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This procurement report on the directional drilling market offers insights on:

  • Supply markets, growth drivers, and challenges
  • Key suppliers and assessment of their capabilities
  • Procurement best practices
  • Negotiation strategies and cost-saving opportunities
  • Pricing models and category innovations
  • For a full, comprehensive list, view our report

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