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- W203439894 abstract "This book reports that the measurement while drilling (MWD) market is showing some of the most impressive growth in the oil field. Tremendous improvements in the reliability and capability of MWD tools have spurred the expansion of this market. During 1990, the worldwide MWD market expanded by 48%, rising from $250 million in 1989 to $370 million in 1990. The MWD market should expand 15-20% to exceed $430 million in 1991. Although an expansion of 15-20% is considered good, further growth will be impeded by the slowdown of drilling in the Gulf of Mexico. Total market growth should return to greater than 20% per year in 1992 and 1993. MWD technology is in the midst of a rapid adaptation phase, led by expansion of formation evaluation and other logs and by international expansion in long-reach directional and horizontal drilling. The formation evaluation-while- drilling market will have minimal impact on the size and growth of the wire line market. Customers will increasingly employ teams which include drilling and petrophysics personnel to make MWD purchase decisions. Integration of performance drilling systems including all bottom hole components will accelerate because of increases in automation and the need for cost reduction." @default.
- W203439894 created "2016-06-24" @default.
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- W203439894 date "1991-09-16" @default.
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- W203439894 title "Growth in the measurement-while-drilling sector continues" @default.
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