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Global Drill Pipes Market is projected to reach USD 2.44 billion at a CAGR of 1.5%.

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Pratiksha
Global Drill Pipes Market is projected to reach USD 2.44 billion at a CAGR of 1.5%.

The Global Drill Pipes Market is projected to reach USD 2.44 billion by 2028, growing at a CAGR of 1.5% during the forecast period. Drill pipes are steel or aluminum tubulars fitted with threaded ends known tool joints, that are normally used in tension in the top part of the drill string to pump fluid and transmit torque to the bit. Using friction welding, tool joints are connected to the drill pipe tube to create a high integrity solid state welded link between the tool joint and the upset drill pipe.

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 Key Developments:

  • In March 2017, Noble Energy (US)announced to allocate USD 1.8 billion across onshore with major focus toward Eagle Ford, DJ Basin and Delaware Basin for drilling and completion
  • In February 2018, National Hydrocarbon Commission of Mexico (CNH) announced that Qatar Petroleum & Shell gained the rights for exploration blocks as part of Mexico Deep Water Round 2.
  • In February 2019, Baker Hughes(US), a GE company, the world’s first fullstream oil and gas company, has signed a Memorandum of Understanding (MoU) with Qatar Petroleum (QP) to explore new opportunities to expand its presence in the country and to support Qatar Petroleum’s Tawteen Program.

 Market Segmentation:

 By Grade:

  • American Petroleum Institute (API)
  • Premium

 By Application:

  • Onshore
  • Offshore

 Companies Covered:  Drill Pipe International LLC, Hilong Group, National Oilwell Varco, Tenaris S.A., Vallourec S.A., TMK Group, Oil Country Tubular Limited, Tejas Tubular Products Inc., Texas Steel Conversion Inc., DP Master Manufacturing Pvt Ltd., Jiangyin Long Bright Drill Pipe Manufacture Co. Ltd., RK Pipe LLC, Superior Drill Pipe Manufacturing Inc., Tenaris S.A., TMK Group, TPS-TechnitubeRohrenwerke, and Vallourec S.A....

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