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Advances in Direction Drilling Technology Helps Manufacturers in Downhole Tools Market Meet Emerging Needs of Oil Sector: TMR


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ALBANY, N.Y., Jan. 11, 2021 /PRNewswire/  An array of downhole components are utilized in oil and gas industry especially in horizontal drilling operations, propelling the demand in the downhole tools market. Downhole tools are broadly used in well workover activities, well drilling, well intervention, and well completion activities. They form an integral part of oilfield equipment in optimizing the production levels from drilling reservoirs notably in hostile downhole environments. Advances made in materials used in making these tools and the design elements have expanded the avenue in the downhole tools market. Research and developments have been increasingly focusing on improving the design parameters, such as improving the drill bits and reducing drilling vibrations. These are also used in maintaining the reservoir flow integrity. ....

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