iCrowd Newswire
23 May 2020, 00:10 GMT+10
Well Completion Equipment Market: Overview
Well completion equipment are used to ensure the optimum production and injection of a well, after being drilled to a required depth with the help of sophisticated intelligent systems and range of simpler packer. Further, well completion equipment components such as production packers, valve plugs, nipples, chokes, liner systems, subsurface safety valves (SSSV) among others are designed, manufactured, and specialized to meet specific well requirements, where SSSV is subjected to extensive inspection and testing.
Moreover, well completion process involves perforating, stimulating, running production tubing, and cleaning the well for different type of reservoirs, each geared towards specific conditions. Down-hole temperature and pressure, operating modes, elastomers, number of zones, well intervention costs, among others are the various factors behind the selection criteria of different well completion equipment methodologies and systems.
New well completion and well intervention (work-over) are the two major factors affecting the demand for well completion equipment. The demand for well completion equipment is further expected to gain substantial traction due to continuous efforts on maximizing and maintaining production within existing oilfields resulting in well intervention activities.
To remain 'ahead' of your competitors, request for a sample @ https://www.persistencemarketresearch.com/samples/24574
Open hole, liner completion, multiple completions, slim-hole completion, and cased-hole completion are the different type of completion methods used in the industry. These methods utilize various well completion equipment for the process. Open-hole completions or barefoot completion is used in reservoirs with relatively less risk, whereas liner completion sets casing through the production zone with liner package in production section. Cased-hole completion is costly yet most frequently used method used to perforate selected area with the perforating guns.
Well Completion Equipment Market: Market Dynamics:
The global well completion equipment market is estimated to witness significant growth owing to maximum exposure of pay zone, less formation damage occurrence due to perforation and cementing, and less pressure drawdown during flow. Furthermore, better sand control in liner completion method, one wellbore producing multiple reservoirs by multiple completions method, and low risk associated with open-hole completion method is further expected to drive the global well completion equipment market during the forecast period. Install-and-forget approach with less human intervention required, ease of servicing, and evolving technology is further estimated to fuel the growth of the global well completion equipment market.
However, the inability of stimulating the separate zones within productive zones and plug off gas or water zones are the factors expected to hamper the growth of global well completion equipment market.
Well Completion Equipment Market: Market Segmentation:
Global well completion equipment market is segmented on the basis of completion method, application, and type.
On the basis of completion method, global well completion equipment market is segmented into:
On the basis of application, global well completion equipment market is segmented into:
On the basis of type, global well completion equipment market is segmented into:
Well Completion Equipment Market: Region-wise Outlook:
The dominance and demand of well completion equipment market in North America is significant owing to ongoing drilling activities across U.S. and relatively steady growth in the well intervention activities. Furthermore, growing oil and gas activities, along with continuous efforts on maximizing and maintaining production within existing oilfields, is estimated to be the factors driving the growth of well completion equipment market in Asia Pacific, specifically in China and Australia. Moreover, re-development of the fields for maintaining production, drilling of unconventional wells, among others are expected to drive the Middle East & Africa well completion equipment market during the forecast period. Growing oil and gas activities across Latin America is estimated to fuel the well completion equipment market.
For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/24574
Well Completion Equipment Market: Market Participants:
Some of the market participants in the global well completion equipment market are:
About Us:Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources.
Contact UsPersistence Market ResearchU.S. Sales Office305 Broadway, 7th FloorNew York City, NY 10007+1-646-568-7751United StatesUSA - Canada Toll-Free: 800-961-0353E-mail id- [email protected]Website: www.persistencemarketresearch.com
Contact Information:
Contact Us
Persistence Market Research
U.S. Sales Office
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA
- Canada Toll-Free: 800-961-0353
E-mail id- [email protected]
Website: www.persistencemarketresearch.com
Get a daily dose of International Technology news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to International Technology.
More InformationSAN FRANCISCO, California: Under pressure from European regulators, Apple has revamped its App Store policies in the EU, introducing...
Hyderabad (Telangana) [India], July 1 (ANI): NMDC, India's largest iron ore producer, marked a significant milestone with the inauguration...
YINCHUAN, July 1 (Xinhua) -- China on Monday reached a major milestone in desertification control by completing a barrier belt along...
Hyderabad (Telangana) [India], June 29 (ANI): Olympic Games Tokyo 2020 medalist Lovlina Borgohain eased past Punjab's Krisha Verma...
Hyderabad (Telangana) [India], June 29 (ANI): Former youth world champion Ankushita Boro showcased her class on Day 2 of the Elite...
Panaji (Goa) [India], June 29 (ANI): The 'Raj Bhavan Annadhan' scheme was officially launched on Sunday at Old Durbar Hall, Raj Bhavan,...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
Washington DC [US], July 2 (ANI): United States President Donald Trump on Tuesday (local time) said that Israel has agreed to the necessary...
Washington DC [US], July 2 (ANI): As the US Senate passed the 'One Big Beautiful Bill' with Vice President JD Vance casting the tie-breaking...
Bengaluru (Karnataka) [India], July 2 (ANI): A two-person bench of Central Administrative Tribunal (CAT) observed Royal Challengers...
Spanish Fork [US], July 2 (ANI): The ISKCON Sri Sri Radha Krishna Temple in Spanish Fork, Utah, renowned globally for hosting the annual...