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Global Sidetracking Market Research Report 2024

Global Sidetracking Market Research Report 2024

Publishing Date : Mar, 2024

License Type :
 

Report Code : 1806149

No of Pages : 88

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Synopsis

Sidetracking is an advanced technique of drilling in which a new lateral is drilled from an existing well that has poor productivity due to mechanical damage at a particular well site. Wells generally require sidetracking to re-drill the well to a new target.

The global Sidetracking market was valued at US$ 453 million in 2023 and is anticipated to reach US$ 711.7 million by 2030, witnessing a CAGR of 6.6% during the forecast period 2024-2030.

Various applications of sidetracking include damage to the hole by junk, damage to the production zone in the original well, tap into another less depleted drainage area, and others. Moreover, the rise in demand for energy, urbanization, industrialization, growing exploration, and others are some of the factors, which fuel the market growth over the forecast period.

This report aims to provide a comprehensive presentation of the global market for Sidetracking, 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 Sidetracking.

Report Scope

The Sidetracking market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Sidetracking 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 Sidetracking companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Segmentation

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

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by 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 Sidetracking 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 main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.

Index

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Sidetracking Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Onshore
1.2.3 Offshore
1.3 Market by Application
1.3.1 Global Sidetracking Market Growth by Application: 2019 VS 2023 VS 2030
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 Sidetracking Market Perspective (2019-2030)
2.2 Sidetracking Growth Trends by Region
2.2.1 Global Sidetracking Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Sidetracking Historic Market Size by Region (2019-2024)
2.2.3 Sidetracking Forecasted Market Size by Region (2025-2030)
2.3 Sidetracking Market Dynamics
2.3.1 Sidetracking Industry Trends
2.3.2 Sidetracking Market Drivers
2.3.3 Sidetracking Market Challenges
2.3.4 Sidetracking Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Sidetracking Players by Revenue
3.1.1 Global Top Sidetracking Players by Revenue (2019-2024)
3.1.2 Global Sidetracking Revenue Market Share by Players (2019-2024)
3.2 Global Sidetracking Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Sidetracking Revenue
3.4 Global Sidetracking Market Concentration Ratio
3.4.1 Global Sidetracking Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Sidetracking Revenue in 2023
3.5 Sidetracking Key Players Head office and Area Served
3.6 Key Players Sidetracking Product Solution and Service
3.7 Date of Enter into Sidetracking Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Sidetracking Breakdown Data by Type
4.1 Global Sidetracking Historic Market Size by Type (2019-2024)
4.2 Global Sidetracking Forecasted Market Size by Type (2025-2030)
5 Sidetracking Breakdown Data by Application
5.1 Global Sidetracking Historic Market Size by Application (2019-2024)
5.2 Global Sidetracking Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Sidetracking Market Size (2019-2030)
6.2 North America Sidetracking Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Sidetracking Market Size by Country (2019-2024)
6.4 North America Sidetracking Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Sidetracking Market Size (2019-2030)
7.2 Europe Sidetracking Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Sidetracking Market Size by Country (2019-2024)
7.4 Europe Sidetracking Market Size by Country (2025-2030)
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 Sidetracking Market Size (2019-2030)
8.2 Asia-Pacific Sidetracking Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Sidetracking Market Size by Region (2019-2024)
8.4 Asia-Pacific Sidetracking Market Size by Region (2025-2030)
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 Sidetracking Market Size (2019-2030)
9.2 Latin America Sidetracking Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Sidetracking Market Size by Country (2019-2024)
9.4 Latin America Sidetracking Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Sidetracking Market Size (2019-2030)
10.2 Middle East & Africa Sidetracking Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Sidetracking Market Size by Country (2019-2024)
10.4 Middle East & Africa Sidetracking Market Size by Country (2025-2030)
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. Sidetracking Introduction
11.1.4 Baker Hughes Co. Revenue in Sidetracking Business (2019-2024)
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 Sidetracking Introduction
11.2.4 Equinor ASA Revenue in Sidetracking Business (2019-2024)
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 Sidetracking Introduction
11.3.4 Eurasia Drilling Revenue in Sidetracking Business (2019-2024)
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 Sidetracking Introduction
11.4.4 Halliburton Revenue in Sidetracking Business (2019-2024)
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 Sidetracking Introduction
11.5.4 Nabors Industries Revenue in Sidetracking Business (2019-2024)
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 Sidetracking Introduction
11.6.4 National Oilwell Varco Revenue in Sidetracking Business (2019-2024)
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 Sidetracking Introduction
11.7.4 Odfjell Drilling Revenue in Sidetracking Business (2019-2024)
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 Sidetracking Introduction
11.8.4 Schlumberger Revenue in Sidetracking Business (2019-2024)
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 Sidetracking Introduction
11.9.4 Weatherford International plc Revenue in Sidetracking Business (2019-2024)
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. Sidetracking Introduction
11.10.4 Yantai Jereh Oilfield Services Group Co. Ltd. Revenue in Sidetracking Business (2019-2024)
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

List of Tables

List of Tables
Table 1. Global Sidetracking Market Size Growth Rate by Type (US$ Million): 2019 VS 2023 VS 2030
Table 2. Key Players of Onshore
Table 3. Key Players of Offshore
Table 4. Global Sidetracking Market Size Growth by Application (US$ Million): 2019 VS 2023 VS 2030
Table 5. Global Sidetracking Market Size by Region (US$ Million): 2019 VS 2023 VS 2030
Table 6. Global Sidetracking Market Size by Region (2019-2024) & (US$ Million)
Table 7. Global Sidetracking Market Share by Region (2019-2024)
Table 8. Global Sidetracking Forecasted Market Size by Region (2025-2030) & (US$ Million)
Table 9. Global Sidetracking Market Share by Region (2025-2030)
Table 10. Sidetracking Market Trends
Table 11. Sidetracking Market Drivers
Table 12. Sidetracking Market Challenges
Table 13. Sidetracking Market Restraints
Table 14. Global Sidetracking Revenue by Players (2019-2024) & (US$ Million)
Table 15. Global Sidetracking Market Share by Players (2019-2024)
Table 16. Global Top Sidetracking Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Sidetracking as of 2023)
Table 17. Ranking of Global Top Sidetracking Companies by Revenue (US$ Million) in 2023
Table 18. Global 5 Largest Players Market Share by Sidetracking Revenue (CR5 and HHI) & (2019-2024)
Table 19. Key Players Headquarters and Area Served
Table 20. Key Players Sidetracking Product Solution and Service
Table 21. Date of Enter into Sidetracking Market
Table 22. Mergers & Acquisitions, Expansion Plans
Table 23. Global Sidetracking Market Size by Type (2019-2024) & (US$ Million)
Table 24. Global Sidetracking Revenue Market Share by Type (2019-2024)
Table 25. Global Sidetracking Forecasted Market Size by Type (2025-2030) & (US$ Million)
Table 26. Global Sidetracking Revenue Market Share by Type (2025-2030)
Table 27. Global Sidetracking Market Size by Application (2019-2024) & (US$ Million)
Table 28. Global Sidetracking Revenue Market Share by Application (2019-2024)
Table 29. Global Sidetracking Forecasted Market Size by Application (2025-2030) & (US$ Million)
Table 30. Global Sidetracking Revenue Market Share by Application (2025-2030)
Table 31. North America Sidetracking Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 32. North America Sidetracking Market Size by Country (2019-2024) & (US$ Million)
Table 33. North America Sidetracking Market Size by Country (2025-2030) & (US$ Million)
Table 34. Europe Sidetracking Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 35. Europe Sidetracking Market Size by Country (2019-2024) & (US$ Million)
Table 36. Europe Sidetracking Market Size by Country (2025-2030) & (US$ Million)
Table 37. Asia-Pacific Sidetracking Market Size Growth Rate by Region (US$ Million): 2019 VS 2023 VS 2030
Table 38. Asia-Pacific Sidetracking Market Size by Region (2019-2024) & (US$ Million)
Table 39. Asia-Pacific Sidetracking Market Size by Region (2025-2030) & (US$ Million)
Table 40. Latin America Sidetracking Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 41. Latin America Sidetracking Market Size by Country (2019-2024) & (US$ Million)
Table 42. Latin America Sidetracking Market Size by Country (2025-2030) & (US$ Million)
Table 43. Middle East & Africa Sidetracking Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 44. Middle East & Africa Sidetracking Market Size by Country (2019-2024) & (US$ Million)
Table 45. Middle East & Africa Sidetracking Market Size by Country (2025-2030) & (US$ Million)
Table 46. Baker Hughes Co. Company Detail
Table 47. Baker Hughes Co. Business Overview
Table 48. Baker Hughes Co. Sidetracking Product
Table 49. Baker Hughes Co. Revenue in Sidetracking Business (2019-2024) & (US$ Million)
Table 50. Baker Hughes Co. Recent Development
Table 51. Equinor ASA Company Detail
Table 52. Equinor ASA Business Overview
Table 53. Equinor ASA Sidetracking Product
Table 54. Equinor ASA Revenue in Sidetracking Business (2019-2024) & (US$ Million)
Table 55. Equinor ASA Recent Development
Table 56. Eurasia Drilling Company Detail
Table 57. Eurasia Drilling Business Overview
Table 58. Eurasia Drilling Sidetracking Product
Table 59. Eurasia Drilling Revenue in Sidetracking Business (2019-2024) & (US$ Million)
Table 60. Eurasia Drilling Recent Development
Table 61. Halliburton Company Detail
Table 62. Halliburton Business Overview
Table 63. Halliburton Sidetracking Product
Table 64. Halliburton Revenue in Sidetracking Business (2019-2024) & (US$ Million)
Table 65. Halliburton Recent Development
Table 66. Nabors Industries Company Detail
Table 67. Nabors Industries Business Overview
Table 68. Nabors Industries Sidetracking Product
Table 69. Nabors Industries Revenue in Sidetracking Business (2019-2024) & (US$ Million)
Table 70. Nabors Industries Recent Development
Table 71. National Oilwell Varco Company Detail
Table 72. National Oilwell Varco Business Overview
Table 73. National Oilwell Varco Sidetracking Product
Table 74. National Oilwell Varco Revenue in Sidetracking Business (2019-2024) & (US$ Million)
Table 75. National Oilwell Varco Recent Development
Table 76. Odfjell Drilling Company Detail
Table 77. Odfjell Drilling Business Overview
Table 78. Odfjell Drilling Sidetracking Product
Table 79. Odfjell Drilling Revenue in Sidetracking Business (2019-2024) & (US$ Million)
Table 80. Odfjell Drilling Recent Development
Table 81. Schlumberger Company Detail
Table 82. Schlumberger Business Overview
Table 83. Schlumberger Sidetracking Product
Table 84. Schlumberger Revenue in Sidetracking Business (2019-2024) & (US$ Million)
Table 85. Schlumberger Recent Development
Table 86. Weatherford International plc Company Detail
Table 87. Weatherford International plc Business Overview
Table 88. Weatherford International plc Sidetracking Product
Table 89. Weatherford International plc Revenue in Sidetracking Business (2019-2024) & (US$ Million)
Table 90. Weatherford International plc Recent Development
Table 91. Yantai Jereh Oilfield Services Group Co. Ltd. Company Detail
Table 92. Yantai Jereh Oilfield Services Group Co. Ltd. Business Overview
Table 93. Yantai Jereh Oilfield Services Group Co. Ltd. Sidetracking Product
Table 94. Yantai Jereh Oilfield Services Group Co. Ltd. Revenue in Sidetracking Business (2019-2024) & (US$ Million)
Table 95. Yantai Jereh Oilfield Services Group Co. Ltd. Recent Development
Table 96. Research Programs/Design for This Report
Table 97. Key Data Information from Secondary Sources
Table 98. Key Data Information from Primary Sources
List of Figures
Figure 1. Global Sidetracking Market Size Comparison by Type (2024-2030) & (US$ Million)
Figure 2. Global Sidetracking Market Share by Type: 2023 VS 2030
Figure 3. Onshore Features
Figure 4. Offshore Features
Figure 5. Global Sidetracking Market Size Comparison by Application (2024-2030) & (US$ Million)
Figure 6. Global Sidetracking Market Share by Application: 2023 VS 2030
Figure 7. Oil Case Studies
Figure 8. Natural Gas Case Studies
Figure 9. Others Case Studies
Figure 10. Sidetracking Report Years Considered
Figure 11. Global Sidetracking Market Size (US$ Million), Year-over-Year: 2019-2030
Figure 12. Global Sidetracking Market Size, (US$ Million), 2019 VS 2023 VS 2030
Figure 13. Global Sidetracking Market Share by Region: 2023 VS 2030
Figure 14. Global Sidetracking Market Share by Players in 2023
Figure 15. Global Top Sidetracking Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Sidetracking as of 2023)
Figure 16. The Top 10 and 5 Players Market Share by Sidetracking Revenue in 2023
Figure 17. North America Sidetracking Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 18. North America Sidetracking Market Share by Country (2019-2030)
Figure 19. United States Sidetracking Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 20. Canada Sidetracking Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 21. Europe Sidetracking Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 22. Europe Sidetracking Market Share by Country (2019-2030)
Figure 23. Germany Sidetracking Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 24. France Sidetracking Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 25. U.K. Sidetracking Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 26. Italy Sidetracking Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 27. Russia Sidetracking Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 28. Nordic Countries Sidetracking Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 29. Asia-Pacific Sidetracking Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 30. Asia-Pacific Sidetracking Market Share by Region (2019-2030)
Figure 31. China Sidetracking Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 32. Japan Sidetracking Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 33. South Korea Sidetracking Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 34. Southeast Asia Sidetracking Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 35. India Sidetracking Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 36. Australia Sidetracking Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 37. Latin America Sidetracking Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 38. Latin America Sidetracking Market Share by Country (2019-2030)
Figure 39. Mexico Sidetracking Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 40. Brazil Sidetracking Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 41. Middle East & Africa Sidetracking Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 42. Middle East & Africa Sidetracking Market Share by Country (2019-2030)
Figure 43. Turkey Sidetracking Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 44. Saudi Arabia Sidetracking Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 45. Baker Hughes Co. Revenue Growth Rate in Sidetracking Business (2019-2024)
Figure 46. Equinor ASA Revenue Growth Rate in Sidetracking Business (2019-2024)
Figure 47. Eurasia Drilling Revenue Growth Rate in Sidetracking Business (2019-2024)
Figure 48. Halliburton Revenue Growth Rate in Sidetracking Business (2019-2024)
Figure 49. Nabors Industries Revenue Growth Rate in Sidetracking Business (2019-2024)
Figure 50. National Oilwell Varco Revenue Growth Rate in Sidetracking Business (2019-2024)
Figure 51. Odfjell Drilling Revenue Growth Rate in Sidetracking Business (2019-2024)
Figure 52. Schlumberger Revenue Growth Rate in Sidetracking Business (2019-2024)
Figure 53. Weatherford International plc Revenue Growth Rate in Sidetracking Business (2019-2024)
Figure 54. Yantai Jereh Oilfield Services Group Co. Ltd. Revenue Growth Rate in Sidetracking Business (2019-2024)
Figure 55. Bottom-up and Top-down Approaches for This Report
Figure 56. Data Triangulation
Figure 57. Key Executives Interviewed

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