Report

Oil well Packers Market: Development, Opportunities and Market Outlook (2016-26)

Oil and Gas industry incorporates a nexus of technologies which aim at increasing the efficiency of hydrocarbon production from the oil wells. In order to meet the growing energy demands of the society, oil and gas industry uses various technologies and advancements to maximize the production from reservoirs as well as to optimize the overall process. With increasing complexities in production operations, packer installation and design has become an integral part of any well completion and production operation, which brings in a substantial scope of oil well packers in the market.

Packer is a device which is primarily used to seal the wellbore space. It is run into the wellbore and has an initial outside diameter lesser than the wellbore, then it expands externally to seal the wellbore. It forms the basis of any cased-hole completions design and is essential to the basic functioning of most wells. It acts as a seal that isolates and also contains the produced fluids and formation pressures and protects the casing and other formations above and below the producing zone. The other main advantages of installing packers are:

  • Prevent down hole movement of the tubing string
  • Support some of the weight of the tubing
  • Often improve well flow and production rate
  • Protect the annular casing from corrosion from produced fluids and high pressures
  • Provide a means of separation of multiple producing zones
  • Limit well control to the tubing at the surface for safety purposes
  • Hold well-servicing fluid (kill fluids, packer fluids) in the casing annulus etc.

The exponential growth in exploration and production activities across the globe marks a substantial growth in well packer 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:

A packer has flexible, elastic elements that have the ability to expand. A packer primarily has the following components.

  • Slip: It is a wedge-shaped device with teeth on its face. They penetrate and grip the casing wall when the packer is set.
  • Cone: It is beveled to match the back of the slip and forms a ramp that drives the slip outward and into the casing wall when setting force is applied to the packer.
  • Packing-element system: It creates a seal between the packer body and the inside diameter of the casing.
  • Body or mandrel: It is the main body of the packer system.

Packers can be classified on the following basis:

  • Retrievable: It may or may not be resettable, but its removal from the wellbore does not require milling operations
  • Permanent: Once they are installed they can only be removed from the wellbore by milling

The two most common forms of packers are:

  • Production Packer: Its expansion is achieved by squeezing the elastomeric elements (somewhat doughnut shaped) between two plates, forcing the sides to bulge outward. They are used in cased holes.
  • Inflatable Packers: The expansion in this type of packer is achieved by pumping a fluid into a bladder, in the same fashion as a balloon, but having more robust construction. They are used in both cased and open holes.

Various types of packers exist which work on different working mechanisms and principles. The main types of packers are:

  • Retrievable tension packer
  • Retrievable compression packer with bypass
  • Retrievable hydraulic-set single-string packer
  • Dual-string packers
  • Permanent and retrievable seal-bore packers etc.

Thorough and comprehensive analysis of complete Oil well Packers, design, installation process, along with technology and equipment used, are provided in the report.

The market is consistently driven mainly by tremendous development in production activities across the globe, increase in multi-zone completions and isolations, need of pressure maintenance and fluids separation etc. As packer installation is an essential part of any cased-hole completion activity, it has only some minor restraining factors. Lower oil prices will reduce the E&P activities and therefore may affect the packer installation market. Packer conveyance problems in unconventional wells, packer irretrievability and sticking, packer cleaning and maintenance etc. could threaten the rigorous use of packers and thus can pose a challenge to the market. Furthermore, as packers are essential for basic functioning of modern day wells, along with increasing research and development marks a tremendous growth opportunity in well packers market in the coming years.

Comprehensive competitive analysis and profiles of major market players such as Schlumberger Ltd., Weatherford International Ltd., Halliburton Company, Baker Hughes, Inc., BP plc., Total S.A., Royal Dutch Shell plc etc. is provided in the report.

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By Location

  • Onshore installation
  • Offshore installation

By Type of Well

  • Conventional well
  • Directional well
  • Multilateral well
  • Others

By Type of Packer (on retrievability basis)

  • Retrievable and adjustable
  • Retrievable but non-adjustable
  • Permanent

By Type of Packer (on installment method and use)

  • Production Packer
  • Inflatable Packers
  • Others

By Type of Packer (on principle technology)

  • Tension packer
  • Compression packer with bypass
  • Hydraulic-set single-
  • string packer
  • Dual-string packers
  • Seal-bore packers
  • Others

By Parts and Equipment

  • Slip
  • Cone
  • Packing Element
  • Body or mandrel
  • 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 Oil well Packers Market
  • Market segmentation based on Location, Type of well, Type of Packer, Parts & 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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