Latin America Underbalanced Drilling Market Size & Outlook
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Latin America underbalanced drilling market highlights
- The Latin America underbalanced drilling market generated a revenue of USD 491.6 million in 2024.
- The market is expected to grow at a CAGR of 4.6% from 2025 to 2030.
- In terms of segment, gas injection was the largest revenue generating technology in 2024.
- Aerated Fluid Injection is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 491.6 million |
| Market revenue in 2030 | USD 639.8 million |
| Growth rate | 4.6% (CAGR from 2025 to 2030) |
| Largest segment | Gas injection |
| Fastest growing segment | Aerated Fluid Injection |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gas Injection, Foam Injection, Aerated Fluid Injection, Mist Drilling |
Other key industry trends
- In terms of revenue, Latin America region accounted for 12.0% of the global underbalanced drilling market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,121.5 million by 2030.
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Underbalanced Drilling Market outlook Scope
Underbalanced Drilling Market outlook Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Viking Services | View profile | 1001-5000 | Amsterdam, Noord-Holland, The Netherlands, Europe | http://vikingservices.com |
| Blade Energy Partners | View profile | 101-250 | Frisco, Texas, United States, North America | http://blade-energy.com |
| Reform Energy Services | View profile | 101-250 | Calgary, Alberta, Canada, North America | https://www.reformenergy.com |
| Strata Energy Services | View profile | 251-500 | Blackfalds, Alberta, Canada, North America | http://www.strataenergy.net |
| Air Drilling Associates | View profile | 251-500 | Houston, Texas, United States, North America | https://airdrilling.com/ |
| International Snubbing Services | View profile | 51-100 | Arnaudville, Louisiana, United States, North America | https://iss-snub.com/ |
| Menicon | View profile | 11-50 | Clichy, Ile-de-France, France, Europe | http://www.menicon.com |
| Weatherford International PLC Ordinary Shares - New | View profile | 18500 | 2000 Street James Place, Houston, TX, United States, 77056 | https://www.weatherford.com |
| Halliburton Co | View profile | 49000 | 3000 North Sam Houston Parkway East, Houston, TX, United States, 77032 | https://www.halliburton.com |
Latin America underbalanced drilling market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to underbalanced drilling market will help companies and investors design strategic landscapes.
Gas injection was the largest segment with a revenue share of 47.56% in 2024. Horizon Databook has segmented the Latin America underbalanced drilling market based on gas injection, foam injection, aerated fluid injection, mist drilling covering the revenue growth of each sub-segment from 2018 to 2030.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America underbalanced drilling market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America underbalanced drilling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America underbalanced drilling market size, by country, 2018-2030 (US$M)
Latin America Underbalanced Drilling Market outlook Share, 2024 & 2030 (US$M)
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