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-0.000155472636815926 1.03648424547388E-06 -0.000259121061359926 0.00114013266998341 0.000207296849087853 0.00165837479270312 0.00114013266998341 0.00196932006633497
Stock impact report

Global Downhole Tools Market Size is Estimated to Reach USD 6.87 billion by 2030, Growing at a CAGR of 5.23%: Straits Research [Yahoo! Finance]

Weatherford International plc - Ordinary shares (WFRD) 
Company Research Source: Yahoo! Finance
The Middle East and Africa dominate the downhole tools market, with demand for completion fluids increasing due to environmental concerns. In Saudi Arabia, demand for biodegradable brine fluids is rising due to environmental regulations. In Asia-Pacific, focus on deep water exploration and technological advancements is accelerating market expansion. The market is marked by multinational corporations investing in mergers, acquisitions, and innovation to enhance their presence. New York, United States, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Downhole tools refer to the tools utilized for effective drilling, interventions, and completions. These tools help locate untapped oil reserves beneath the surface and optimize oil well production levels. Roller centralizers, drilling jars, drag friction, fishing, shock, tubular tools, and drill pipes are among the most commonly utilized downhole tools. These instruments are utilized in the bottom hole assembly for workover operations and are highly ef Show less Read more
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