Report

Well casing Market: Development, Opportunities and Market Outlook (2016-26)

Contemporary modernization and development is primarily dependent upon a consistent and adequate supply of energy. This necessitates the integration of modern technology and researches in the energy industry in order to sustain the energy demands. Oil and gas industry, which is one of the largest energy producers, therefore incorporates a nexus of technologies for an effective production of hydrocarbons. Wellbore casing installation and design is an integral part of any drilling and well completion process, which brings in a substantial scope of well casing market in the industry.

Casing is simply a cylindrical pipe (primarily made of steel) which has a large diameter and is used to line the hole during drilling operations. It is assembled according to requirement (size) and inserted into the drilled section. It is held in place with the help of cement. The main reasons of casing off the open hole are:

  • To prevent caving of the wellbore, as if unsupported, the hole may be liable to fall in upon itself
  • To provide support for weak or fractured formations from mud weights which may cause these zones to break down
  • To isolate zones of abnormal pressure
  • To seal off zones of lost circulation
  • To provide a means of completing and producing the well efficiently
  • To provide structural support for wellheads and blow-out prevention equipment etc.

The exponential growth in exploration and production activities across the globe marks a substantial growth in well casing Market. The Market had an estimated worth of 2.07 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 service overview:

Any particular casing design follows a telescopic approach, i.e. the casing pipe diameter reduces as the depth increases. This is done with consideration of pressures and temperature of the subsurface. For a successful casing design, the follow factors should be taken into consideration:

  • Purpose of the well
  • Geological cross section
  • Available casing and bit sizes
  • Cementing and drilling practices
  • Rig performance
  • Safety and environmental regulations etc.

The primary considerations taken while planning casing design are to minimize the chances of well integrity failure and to ensure minimum overall expense. Casing design and installation can take up to 20% of the total well cost, thus great care should be taken so that it meets the requirement effectively. Some requirements which need to be catered are:

  • Operational problems in running the casing
  • Ability to handle expected formation pressures
  • Ability to be functional for the anticipated lifespan of the well
  • Ability to be flexible enough to allow additional string to be run if operational difficulties are unexpectedly encountered
  • Needs to be designed with a view of ultimate abandonment

Casing pipes are primarily classified into the following:

  • Conductor Casing
  • Surface Casing
  • Intermediate Casing
  • Production Casing
  • Liner

Along with the casing string various other equipments like casing head housing, casing head spool, casing hanger, casing shoe etc. Together incorporate to make the complete casing system.

Thorough and comprehensive analysis of complete well casing design process, along with technology and equipment used, is provided in the report.

The market is consistently driven mainly by tremendous increase in exploration and production activities across the globe, drilling of softer formations, growing need of zonal isolation etc. As casing is an absolute essential part of any well exploration and production activity, its growth is interlinked with the E&P growth. Lower oil prices will reduce the E&P activities and will affect the casing design and implementation market. Furthermore, factors like the high cost involved in the exploitation of complex reservoirs, drilling of unconventional wells (directional wells, multilateral wells etc.) and increase in utilization of advanced technologies (like cryogenic drilling etc.) which do not require conventional casing, etc. contributes in the major restraining factors. However, overall trends suggest that growing E&P activities, especially in offshore, marks a tremendous growth opportunity in well casing market in the coming years.

Comprehensive competitive analysis and profiles of major market players such Weatherford International Ltd. (Ireland), Antelope Oil Tool & Manufacturing Company (U.S.), Vallourec S.A. (France), and Centek Group (U.K.) etc. is also provided in this report.

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By Location

  • Onshore
  • Offshore

By Type of Well

  • Conventional well
  • Directional well
  • Multilateral well
  • Others

By Technology and Equipment

  • Casing pipe
  • Casing head housing
  • Casing head spool
  • Casing hanger
  • Casing shoe
  • Others

Geographical

  • 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 Well Casing market
  • Market segmentation based on Location, Type of well, Technology and 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

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