Sidetracking is the drilling of a new lateral from an existing well that has poor or no productivity due to mechanical damage to the well or depleted hydrocarbons at that particular site. The original well bore in the no longer productive zone is plugged back and deviated or horizontal drilling is used to drill a new lateral wellbore to install a new productive well or access a nearby productive zone.
Highlights
The global Sidetrack Drilling market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North American market for Sidetrack Drilling is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Sidetrack Drilling is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The global market for Sidetrack Drilling in Oil is estimated to increase from $ million in 2023 to $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of Sidetrack Drilling include Baker Hughes Co., Equinor ASA, Eurasia Drilling, Halliburton, Nabors Industries, National Oilwell Varco, Odfjell Drilling, Schlumberger and Weatherford International plc, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Sidetrack Drilling, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Sidetrack Drilling.
The Sidetrack Drilling market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Sidetrack Drilling market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Sidetrack Drilling companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
By Company
Baker Hughes Co.
Equinor ASA
Eurasia Drilling
Halliburton
Nabors Industries
National Oilwell Varco
Odfjell Drilling
Schlumberger
Weatherford International plc
Yantai Jereh Oilfield Services Group Co. Ltd.
Segment by Type
Onshore
Offshore
Segment by Application
Oil
Natural Gas
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Sidetrack Drilling companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the key companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Sidetrack Drilling Market Size Growth Rate by Type: 2018 VS 2022 VS 2029
1.2.2 Onshore
1.2.3 Offshore
1.3 Market by Application
1.3.1 Global Sidetrack Drilling Market Growth by Application: 2018 VS 2022 VS 2029
1.3.2 Oil
1.3.3 Natural Gas
1.3.4 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Sidetrack Drilling Market Perspective (2018-2029)
2.2 Sidetrack Drilling Growth Trends by Region
2.2.1 Global Sidetrack Drilling Market Size by Region: 2018 VS 2022 VS 2029
2.2.2 Sidetrack Drilling Historic Market Size by Region (2018-2023)
2.2.3 Sidetrack Drilling Forecasted Market Size by Region (2024-2029)
2.3 Sidetrack Drilling Market Dynamics
2.3.1 Sidetrack Drilling Industry Trends
2.3.2 Sidetrack Drilling Market Drivers
2.3.3 Sidetrack Drilling Market Challenges
2.3.4 Sidetrack Drilling Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Sidetrack Drilling Players by Revenue
3.1.1 Global Top Sidetrack Drilling Players by Revenue (2018-2023)
3.1.2 Global Sidetrack Drilling Revenue Market Share by Players (2018-2023)
3.2 Global Sidetrack Drilling Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Sidetrack Drilling Revenue
3.4 Global Sidetrack Drilling Market Concentration Ratio
3.4.1 Global Sidetrack Drilling Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Sidetrack Drilling Revenue in 2022
3.5 Sidetrack Drilling Key Players Head office and Area Served
3.6 Key Players Sidetrack Drilling Product Solution and Service
3.7 Date of Enter into Sidetrack Drilling Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Sidetrack Drilling Breakdown Data by Type
4.1 Global Sidetrack Drilling Historic Market Size by Type (2018-2023)
4.2 Global Sidetrack Drilling Forecasted Market Size by Type (2024-2029)
5 Sidetrack Drilling Breakdown Data by Application
5.1 Global Sidetrack Drilling Historic Market Size by Application (2018-2023)
5.2 Global Sidetrack Drilling Forecasted Market Size by Application (2024-2029)
6 North America
6.1 North America Sidetrack Drilling Market Size (2018-2029)
6.2 North America Sidetrack Drilling Market Growth Rate by Country: 2018 VS 2022 VS 2029
6.3 North America Sidetrack Drilling Market Size by Country (2018-2023)
6.4 North America Sidetrack Drilling Market Size by Country (2024-2029)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Sidetrack Drilling Market Size (2018-2029)
7.2 Europe Sidetrack Drilling Market Growth Rate by Country: 2018 VS 2022 VS 2029
7.3 Europe Sidetrack Drilling Market Size by Country (2018-2023)
7.4 Europe Sidetrack Drilling Market Size by Country (2024-2029)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Sidetrack Drilling Market Size (2018-2029)
8.2 Asia-Pacific Sidetrack Drilling Market Growth Rate by Region: 2018 VS 2022 VS 2029
8.3 Asia-Pacific Sidetrack Drilling Market Size by Region (2018-2023)
8.4 Asia-Pacific Sidetrack Drilling Market Size by Region (2024-2029)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Sidetrack Drilling Market Size (2018-2029)
9.2 Latin America Sidetrack Drilling Market Growth Rate by Country: 2018 VS 2022 VS 2029
9.3 Latin America Sidetrack Drilling Market Size by Country (2018-2023)
9.4 Latin America Sidetrack Drilling Market Size by Country (2024-2029)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Sidetrack Drilling Market Size (2018-2029)
10.2 Middle East & Africa Sidetrack Drilling Market Growth Rate by Country: 2018 VS 2022 VS 2029
10.3 Middle East & Africa Sidetrack Drilling Market Size by Country (2018-2023)
10.4 Middle East & Africa Sidetrack Drilling Market Size by Country (2024-2029)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Baker Hughes Co.
11.1.1 Baker Hughes Co. Company Detail
11.1.2 Baker Hughes Co. Business Overview
11.1.3 Baker Hughes Co. Sidetrack Drilling Introduction
11.1.4 Baker Hughes Co. Revenue in Sidetrack Drilling Business (2018-2023)
11.1.5 Baker Hughes Co. Recent Development
11.2 Equinor ASA
11.2.1 Equinor ASA Company Detail
11.2.2 Equinor ASA Business Overview
11.2.3 Equinor ASA Sidetrack Drilling Introduction
11.2.4 Equinor ASA Revenue in Sidetrack Drilling Business (2018-2023)
11.2.5 Equinor ASA Recent Development
11.3 Eurasia Drilling
11.3.1 Eurasia Drilling Company Detail
11.3.2 Eurasia Drilling Business Overview
11.3.3 Eurasia Drilling Sidetrack Drilling Introduction
11.3.4 Eurasia Drilling Revenue in Sidetrack Drilling Business (2018-2023)
11.3.5 Eurasia Drilling Recent Development
11.4 Halliburton
11.4.1 Halliburton Company Detail
11.4.2 Halliburton Business Overview
11.4.3 Halliburton Sidetrack Drilling Introduction
11.4.4 Halliburton Revenue in Sidetrack Drilling Business (2018-2023)
11.4.5 Halliburton Recent Development
11.5 Nabors Industries
11.5.1 Nabors Industries Company Detail
11.5.2 Nabors Industries Business Overview
11.5.3 Nabors Industries Sidetrack Drilling Introduction
11.5.4 Nabors Industries Revenue in Sidetrack Drilling Business (2018-2023)
11.5.5 Nabors Industries Recent Development
11.6 National Oilwell Varco
11.6.1 National Oilwell Varco Company Detail
11.6.2 National Oilwell Varco Business Overview
11.6.3 National Oilwell Varco Sidetrack Drilling Introduction
11.6.4 National Oilwell Varco Revenue in Sidetrack Drilling Business (2018-2023)
11.6.5 National Oilwell Varco Recent Development
11.7 Odfjell Drilling
11.7.1 Odfjell Drilling Company Detail
11.7.2 Odfjell Drilling Business Overview
11.7.3 Odfjell Drilling Sidetrack Drilling Introduction
11.7.4 Odfjell Drilling Revenue in Sidetrack Drilling Business (2018-2023)
11.7.5 Odfjell Drilling Recent Development
11.8 Schlumberger
11.8.1 Schlumberger Company Detail
11.8.2 Schlumberger Business Overview
11.8.3 Schlumberger Sidetrack Drilling Introduction
11.8.4 Schlumberger Revenue in Sidetrack Drilling Business (2018-2023)
11.8.5 Schlumberger Recent Development
11.9 Weatherford International plc
11.9.1 Weatherford International plc Company Detail
11.9.2 Weatherford International plc Business Overview
11.9.3 Weatherford International plc Sidetrack Drilling Introduction
11.9.4 Weatherford International plc Revenue in Sidetrack Drilling Business (2018-2023)
11.9.5 Weatherford International plc Recent Development
11.10 Yantai Jereh Oilfield Services Group Co. Ltd.
11.10.1 Yantai Jereh Oilfield Services Group Co. Ltd. Company Detail
11.10.2 Yantai Jereh Oilfield Services Group Co. Ltd. Business Overview
11.10.3 Yantai Jereh Oilfield Services Group Co. Ltd. Sidetrack Drilling Introduction
11.10.4 Yantai Jereh Oilfield Services Group Co. Ltd. Revenue in Sidetrack Drilling Business (2018-2023)
11.10.5 Yantai Jereh Oilfield Services Group Co. Ltd. Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Baker Hughes Co.
Equinor ASA
Eurasia Drilling
Halliburton
Nabors Industries
National Oilwell Varco
Odfjell Drilling
Schlumberger
Weatherford International plc
Yantai Jereh Oilfield Services Group Co. Ltd.
*If Applicable.