Report

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

Oil and gas industry is one of the primary providers of energy for the contemporary society. Growing development and modernization has increased the energy needs over the years, thus requiring consistent advancements in energy sector industries to cope up with the ever increasing demands. Oil and gas industry implements various technologies and researches in order to produce hydrocarbon efficiently. Well completion is one such implementation of technology in the upstream sector, which is absolutely essential for hydrocarbon production.

Well completion refers to the process of installation of tools and equipment and the overall process done in order to bring a wellbore into production, after the drilling operations have concluded. The operations include assembling the downhole tubular and equipments which are essential for efficient and safe production of hydrocarbon from the well. Well completion Service providers are the companies that provide these services to the operators. The needs of wellbore completion are as follows:

  • Connect the reservoir to the surface for enabling fluid flow in wellbore
  • Provide a conduit for well stimulation treatments
  • Isolate the producing reservoir from other zones
  • Protect the integrity of the reservoir
  • Provide a conduit to measure the changes in flow rate and pressure needed to run a well test etc.

The tremendous overall growth in the oil and gas industry, especially in exploration and production activities across the globe marks a substantial growth in Well completion Services Market. The Market had an estimated worth of 9.45 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:

For production of fluids, a pathway to the surface needs to be created and wellbore is the only path from the reservoir to the surface for fluids to flow. Successful production and depletion from a reservoir is majorly dependent upon a successful completion operation applied to a well. Moreover, production engineers look after the designing as well as supervision of completion operations.

Primarily completions can be mainly classified into the following types:

  • Open hole completions
  • Liner completions
  • Perforated casing completions

Conventionally, a single perforated casing completion is used in most of the wells. However, under specific requirements and needs, different types of completions are used depending upon the specific requirements, which are:

  • Multiple completion
  • Alternate completion
  • Slim hole completion etc.

The choice of completion type is dependent upon the reservoir development plan. The type and the ultimate usage of wellbore also dictate the type of completion to be used along with various other factors like the size, weight, and grade of the tubular goods etc.

Perforation is done in order to provide a flow pathway of fluids between the wellbore and the reservoir. The various types of perforating methods are:

  • Overbalanced using a casing gun
  • Underbalanced using a tubing-conveyed gun
  • Underbalanced using a thru-tubing gun

Perforating gun is the primary equipment used for perforation of liner or casing. The various types of guns used are:

  • Expendable gun
  • Semi-expendable gun
  • Retrievable, hollow carrier gun

The various methods of perforation gun conveyance are as follows:

  • Thru Casing Conveyance
  • Tubing bottom conveyance
  • Thru tubing conveyance

Comprehensive analysis of Well completion services along with technology, equipment, advancements, procedures and applications 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 perforation and completion technologies, increasing competition with growing number of players, growing need of effectiveness of overall process etc. As completion is an absolute essential part of hydrocarbon production, it has only some minor restraining factors. Lower oil prices will reduce the E&P activities and thus affect the well completion market. Furthermore, workover and maintenance requirements, increased capital investments in implementing advanced technologies, in house completion services development by operators etc. can also be a challenge to the growth of the services market. However, reducing operational expenditures, developing cost effective and efficient technologies and advancements can become a growth opportunity for the well completion service providers as well the market on a whole.

Comprehensive competitive analysis and profiles of major market players such as Schlumberger, Baker Hughes, Gyrodata, Halliburton, Superior Drilling Products, and Weatherford International and others is also provided in this report.

Kindly fill the details below to get the Table of Contents

By Location

  • Onshore well completion services
  • Offshore well completion services

By Type of completion (method):

  • Open hole completions
  • Liner completions
  • Perforated casing completions

By Type of completion (requirement):

  • Conventional Single Casing/Liner Completion
  • Multiple completion
  • Alternate completion
  • Slim hole completion
  • Others

By Equipment:

  • Wellhead
  • Christmas Tree
  • Tubing hanger
  • Production tubing
  • Downhole safety valve (DHSV)
  • Side pocket mandrel
  • Production packer
  • Perforated joint
  • Centralizer
  • Wireline entry guide
  • Others

By Type of Perforation:

  • Overbalanced using a casing gun
  • Underbalanced using a tubing-conveyed gun
  • Underbalanced using a thru-tubing gun

By Type of Perforating Gun used:

  • Expendable gun
  • Semi-expendable gun
  • Retrievable, hollow carrier gun
  • Others

By Type of Gun Conveyance method used:

  • Thru Casing Conveyance
  • Tubing bottom conveyance
  • Thru tubing conveyance
  • Others

By Geography:

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

By Location

  • Onshore well completion services
  • Offshore well completion services

By Type of completion (method):

  • Open hole completions
  • Liner completions
  • Perforated casing completions

By Type of completion (requirement):

  • Conventional Single Casing/Liner Completion
  • Multiple completion
  • Alternate completion
  • Slim hole completion
  • Others

By Equipment:

  • Wellhead
  • Christmas Tree
  • Tubing hanger
  • Production tubing
  • Downhole safety valve (DHSV)
  • Side pocket mandrel
  • Production packer
  • Perforated joint
  • Centralizer
  • Wireline entry guide
  • Others

By Type of Perforation:

  • Overbalanced using a casing gun
  • Underbalanced using a tubing-conveyed gun
  • Underbalanced using a thru-tubing gun

By Type of Perforating Gun used:

  • Expendable gun
  • Semi-expendable gun
  • Retrievable, hollow carrier gun
  • Others

By Type of Gun Conveyance method used:

  • Thru Casing Conveyance
  • Tubing bottom conveyance
  • Thru tubing conveyance
  • Others

By Geography:

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

Licence Type

CART

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