Frequently Asked Questions
The market is segmented based on – By Type of Reach (Horizontal Reach and Vertical Depth), Component (Drilling Equipment, Measurement While Drilling Systems, Logging While Drilling Systems and Motors and Drive Systems), Application (Onshore and Offshore), Technology (Rotary Steerable Systems, Mud Motors, and Advanced Drill Bits), End User (Oil & Gas Companies, Service Providers, and Government and Regulatory Bodies) - Industry Trends and Forecast to 2031.
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The Global Extended Reach Drilling Technology Market size was valued at USD 648.90 USD Million in 2023.
The Global Extended Reach Drilling Technology Market is projected to grow at a CAGR of 5.8% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, and Rest of Middle East and Africa.
