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Over the past 32 years, polycrystalline diamond compact cutters (PDCs) have dramatically changed the oil and gas drilling industry. When the first PDCs for drilling were introduced in 1972, they were considered an interesting experiment. By the end of 2003, fixed cutter PDC bits made up 45% of the total bit market, and fixed cutter PDC bits had doubled their share of the market in just over a decade.
Most industry experts expect this impressive growth to continue. This remarkable success story is largely the result of continual improvements in PDC and bit technology over the past decade. Today, PDCs offer bit manufacturers and drillers a flexible, durable and cost-effective option for drilling in the most challenging conditions. As a result, PDC technology has contributed to the growth of the fixed cutter bit market, improved drilling efficiency and saved drillers millions of dollars in drilling costs.
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