SpendEdge Releases Procurement Market Research Report for the Directional Drilling Market
Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Directional
Drilling Procurement Market Research Report.’ The insights and
data in this report provide a strategic analysis of the supply markets,
factors influencing purchasing decisions, procurement best practices,
pricing models, supplier landscape, and an analysis of the supplier
capability matrix for the utilities
industry. This report breaks down the data and analysis behind
the procurement of directional drilling and acts as an all-inclusive
guide for making smart purchasing decisions.
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Global Directional Drilling Procurement Market Intelligence Report (Graphic: Business Wire)
“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,” says SpendEdge procurement analyst Tridib Bora.
“This is to enhance production of shale gas across natural gas
formations,” added Tribid.
Key Report Features
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Supply Market Insights
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Negotiation Strategies
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Procurement Best Practices
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Category Risk Analysis
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Cost Saving Opportunities
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Key Supplier Analysis
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Pricing Models
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Supplier Capability Matrix
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Report Insights
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The growing demand for oil and gas around the globe due to the
increasing use of transportation such as cars, buses, trucks, ships,
and aircraft is one of the key reasons driving the growth of the
global directional drilling market. 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.
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Purchasing managers must engage with suppliers that can provide
closed-loop directional drilling systems. This will help limit water
pollution around the reservoir, thus enhancing oil output from a
reservoir.
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Every oil or gas reservoir has a different geological formation around
it. This makes it difficult for purchasing managers and suppliers to
carry out a set procedure for E&P across different geographic
locations. High or low inclination of the drilling bit compared with
the planned trajectory can increase directional drilling time. This
might increase the time required to reach the reservoir, which can
exceed the estimated operational costs.
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the report snapshot before purchasing
Directional Drilling Pricing Trends
The cost per day pricing model is the most widely adopted pricing model
in the global directional drilling market. This pricing model is highly
transparent in terms of cost break-up as purchasing managers have to pay
rent on a per day basis for each equipment and drilling supervisor or
consultant.
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About SpendEdge
SpendEdge shares your passion for driving sourcing and procurement
excellence. We are a preferred procurement market intelligence partner
for Fortune 500 firms and other leading companies across numerous
industries. Our strength lies in delivering robust, real-time
procurement market intelligence that helps sourcing and procurement
professionals make informed decisions. These innovative procurement
solutions help enterprises transform structural capabilities, improve
execution efficiency, and fast-track time to savings.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170922005406/en/
Copyright Business Wire 2017
Source: Business Wire
(September 22, 2017 - 11:01 AM EDT)
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