World Completion Equipment and Services Market – Opportunities and Forecasts, 2014 – 2022 – Research and Markets

May 31, 2017

DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “World
Completion Equipment and Services Market – Opportunities and Forecasts,
2014 – 2022” report to their offering.

Completion equipment and services are essential to complete the drilling
process of an oil & gas well so that the production can begin. The
completion equipment and services involve various steps, such as well
casing, tubing, and installation of well head and lifting equipment for
successful gas & oil production

Increasing developments for unconventional and offshore oil reserves,
increased exploration and production activities coupled with growing
energy demands worldwide are the key factors driving the growth of the
completion equipment market. However, growing environmental concerns and
rise in seismic activities are the factors hampering the growth of the
market.

Furthermore, dwindling number of new oil rigs in the U.S. is a key
restraining factor. The inclination towards deep water drilling and
growing explorations of new production sites in the arctic region offer
huge growth opportunities to the completion equipment and services
market. Currently low oil prices having geopolitical consequences along
with issues related to high pressure and high temperature (HPHT)
completion equipment are major market challenge that need to be overcome
by key market players to grow in the market.

KEY SEGMENTS:

Completion Equipment and Services Market By Type

  • Packers
  • Sand Control Tools
  • Multi-Stage Fracturing Tools
  • Liner Hangers
  • Smart Wells
  • Safety Valves
  • Others

Completion Equipment and Services Market By Application

  • Onshore
  • Offshore

For more information about this report visit http://www.researchandmarkets.com/research/lflmcq/world_completion

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Related
Topics: Oil
and Gas Exploration and Production, Oilfield
Equipment and Services