LONDON, July 2, 2015 /PRNewswire/ -- This report
estimates the completion equipment and services market size in
terms of $million. This has been broken down into component regions
and further split into countries.
Completion equipment and services are required to complete the
drilling process of an oil & gas well to commence production.
The ever-increasing exploration & production activities across
the globe and new areas of unconventional resources are the main
drivers of the completion equipment and services market. However,
issues associated with the environment and increased seismic
activities have slowed down the growth of this market.
In addition, the growth of the completion equipment and services
market is directly proportional to the on-going drilling and
completion activities around the world. On the basis of various
factors such as geological condition, type of reservoir etc.,
different types of completion equipment and services are required
to assist the drilling & exploration activities.
Growth in drilling and exploration activities is attributed to the
continuous increase in world energy demand. These activities are
expected to grow further as the world energy demand for oil would
reach around 4 GTOE by 2020. This rise has resulted in increased
drilling and completion activities across geographies. It has also
put pressure to extract more from each well, and thus, further deep
exploration is carried out. This increase in drilling activities
has raised the requirement for completion equipment and
services.
Various secondary sources such as encyclopedia, directories, and
databases have been used to identify and collect information useful
for this extensive commercial study of the global completion
equipment and services market. Primary sources such as experts from
industry and suppliers have been interviewed to obtain and verify
critical information as well as to assess the future prospects of
the completion equipment and services market.
Leading market players of this industry have also been profiled
with their recent developments and other strategic industry
activities. These include Baker Hughes (U.S.), Superior Energy
Services (U.S.), Halliburton (U.S.), Schlumberger (U.S.), and
Weatherford International Inc. (U.S.) among others.
North America accounted for more
than 40% of the total market share in 2014. In North America, the U.S. is the largest market,
and is led by Halliburton (U.S.), Schlumberger (U.S.), Baker Hughes
(U.S.), and Superior Energy Services (U.S.). On the other hand,
Chinese and a few Asian players are expected to grow in the near
future.
The completion equipment and services market has been segmented in
six regions, namely North America,
South America, Europe, Africa, Asia-Pacific, and the Middle East. The report also touches on
various other important aspects of the market. It includes an
analysis of the value chain, Porter's Five Forces' analysis, and a
competitive landscape. In addition, 11 key players of this market
have also been profiled.
Download the full report:
https://www.reportbuyer.com/product/2861358/
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