Report

Subsurface Safety Valves and Equipment Market: Development, Opportunities and Market Outlook (2016-26)

Oil and Gas industry is one of the largest core industries of the world both in terms of size of operation and revenue. However, as the industry primarily deals with production, refining and transportation of hydrocarbons, which are highly volatile and combustible in nature, the risks involved are extremely high. There is a constant threat to worker’s life as well as the work space environment on a whole. Therefore, it is absolutely essential to develop and integrate technologies into the system which act as fail-safe and safety mechanism to prevent any disaster from happening or to minimize its spread and effect. Subsurface safety valves are one such technology implemented for the same in the upstream industry.

A subsurface safety valve or downhole safety valve is a component installed in the oil and gas well, which acts as a fail-safe mechanism. It aims at preventing uncontrolled and sudden release of reservoir fluids, in case of a disaster or mishap by implementing emergency closure mechanism. Because of its importance, it is almost always installed and is a vital component of the completion operation.

Tremendous growth in exploration and production activities across the globe along with growing emphasis on health and safety marks growth of the Subsurface Safety Valves EquipmentMarket. The Market had an estimated worth of xx Billion dollars in 2016, and is growing at a steady rate of xx% every year. Our extensive and in-depth analysis concludes that the market is booming and suggests that it will eventually reach an approximated net worth of xx billion dollars by 2026.

Technology and services overview:

Principle of working:A subsurface safety valve is generally a one-directional (uni-directional) flapper type of valve which is directed in such a way that when pressure is applied from an upward direction, the flapper opens in downward direction (It moves towards downward direction). This ensures the closure of a safety valve even if a high pressure is applied by well fluids from downward direction, thus making the tool fail-safe and a method to isolate the well bore.

The valves are primarily categorized into the following two types:

  1. Surface controlled subsurface safety valves: They are controlled by the action of hydraulic pressure provided through a capillary control line which is connected to a surface control panel. The valves are normally closed (fail-safe) and require a constant pressure supply to be opened.
  2. Subsurface controlled subsurface safety valves (Storm chokes): They are installed in standard profile nipples in the tubing string, just below the surface tubing hanger and are retrieved by the help of wire line. It is activated by a change in operating conditions.

In either case, the tool is designed to perform its basic function even in an event of total system failure or damage to surface production-control facilities.

The general guidelines to be followed while selecting an SSV valve are:

  • Reliability of Closure
  • Economical Cost
  • Versatility/Deliverability
  • Additional Features

The SSSV valves require continuous maintenance and are prone to failures because of:

  • Piston failures and leaks within the valves
  • Control line crushing
  • Control line splice failures
  • Control line junctions with the valve
  • Valve damage (hinge pins and sealing surfaces) etc.

Comprehensive analysis of subsurface safety valves systems along with technology, equipment, advancements, procedures, services etc. is provided in the report.

The primary driver of the market is the concurrent oil price which significantly drives the costs of services and equipments. The market is also driven by advancements in drilling operations scenario like exploitation of unconventional reservoirs, growing health and safety concerns, needs to improve well control etc. As implementation of Sub-surface safety measures is an absolute necessary, the equipments’ market does not face any significant threats. Lower oil prices will reduce the E&P activities and hence can somewhat affect the market. Also, development of newer control methods, high costs of maintenance, regular work over requirements etc. may pose a challenge for the market. However, continuous research and development in the field and inclusion of advanced automation has made the technology more efficient and effective and therefore, there is a scope of tremendous growth.

Comprehensive competitive analysis and profiles of major market players like Baker Hughes Completion and Production, Halliburton Completion and Production, Nabors Completion & Production Services, National Oilwell Petroleum Services & Supplies, RPC INC., SanjelCorporation, Schlumberger Oilfield Services Reservoir Production and others is also provided in this report.

Kindly fill the details below to get the Table of Contents

By Location:

  • On shore
  • Off shore

By Type of Tool:

  • Surface controlled subsurface safety valves
  • Subsurface controlled subsurface safety valves

By Parts of Equipment:

  • Hydraulic surface control line
  • Pressure Valve
  • Control Sleeve
  • Flapper
  • Others

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa
  • Market overview and forecasting covering Optimistic, Realistic and Pessimistic scenarios (2016-2026)
  • Analysis and study of various services provided by major players active in the Subsurface safety valves equipment market
  • Market segmentation based on Location, Type of Tool, Parts of Equipment & Geography
  • Detailed coverage of technology and services involved
  • Technical comparative studies and case analysis
  • Competitive landscape with in depth analysis of the market players’ strategy
  • Infraline’s Techno Managerial edge covering SWOT, TOWS, Porter’s five forces and PESTLE analysis

Licence Type

CART

Need More Information/Request Sample

 
 
 
This website is secure and your personal details are safe. Privacy policy