Report

Wellhead Equipment: Development, Opportunities and Market Outlook (2016-26)

An oil well cannot be completed without the use of casing string as an open well cannot function properly and is subjected to many problems downhole. Thereby, casing is an integral part of an oil & gas operation and to support this casing oil & gas equipments known as wellhead equipment are used. A wellhead is the component of an oil & gas well that provides the pressure and structural interface for the drilling or production equipment at the top of it on the surface. All casing strings, except for liners are suspended from the wellhead. Therefore, wellhead acts as one end of the suspended casing string into the wellbore. The oil & gas wellhead equipment serves the following functions:

  • To suspend and support the weight of the casing string
  • To seal off the annulus between successive casing strings at the surface
  • To allow access to the annulus between casing string
  • To act as an interface between casing string and BOP during drilling while acting as a interface between casing string and Christmas tree during production.

Wellhead equipment is required in every oil & gas project. The wellhead equipment market is approximately valued at XX USD in 2016 and is estimated to grow at a CAGR of 3% within the forecast period.

Wellhead equipment is required in every oil & gas project. The wellhead equipment market is approximately valued at XX USD in 2016 and is estimated to grow at a CAGR of 3% within the forecast period.

  • Spool Type Wellhead: In this type of wellhead, a new spool is installed for each casing string to be run in the well. BOPs must be installed and removed every time a new casing spool has to be installed which takes a lot of time.
  • Compact Spool Wellhead or Speedhead: This is the development of spool type wellhead. This type of wellhead enables several casing strings or wellheads to be suspended from a single spool. This type of wellhead saves a lot of time for operations.

Any type of wellhead is primarily composed of the following parts:

  • Casing Head
  • Casing Spools
  • Casing hangers (mandrel type casing hanger or slip type casing hanger)
  • Packoff seals
  • Test plugs
  • Mudline suspension systems
  • Tubing Head
  • Tubing hangers
  • Tubing head adapter

The design of the wellhead equipment and the explanation along with working of each part has been included in our exclusive report.

As of today, there is no alternative of wellhead equipment that can smoothly support the oil & gas operations. In addition to this, the rising global demand of crude oil has increased the global petroleum operations which are a boon to the wellhead equipment market. These are some of the key drivers of the market. While, the sour crude oil prices acts as a major restraining factor to the market. R&D technologies to decrease the size of wellhead, better casing support with lesser overall time for oil & gas operations, etc. are some of the opportunities lying in the wellhead equipment market.

The profiles and the comprehensive operational study of various key players in the Wellhead Equipment market like Baker Hughes Inc., Weir Group Plc., Nabors Industries Limited, National Oil well Varco Inc., GE Energy, Aker Solutions, Oil States International, Inc., Forum Energy Technologies, Cameron International Corporation, etc. have been well analyzed and included in the report.

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By Technology

  • Spool type Wellhead
  • Compact Spool Wellhead

By Application

  • Onshore
  • Offshore

By Geography

  • North America
  • Europe
  • Asia Pacific
  • South & Central America
  • Middle East & Africa
  • Rest of the World (ROW)
  • 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 Wellhead Equipment market
  • Market segmentation based on Technology, Application & 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

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