Completion equipment and services are essential to complete the drilling process of an oil & gas well so that the production can begin. The completion equipment and services involve various steps, such as well casing, tubing, and installation of well head and lifting equipment for successful gas & oil production.
Increase in the number of horizontal wells in the U.S. along with increase in oil & shale gas production per rig in the U.S. is a key factor driving the growth of the market. Increasing investment in different exploration & production activities across North America are the other factors that will foster the growth of the market. However, growing environmental concerns and rise in seismic activities are the factors hampering the growth of the market. Oil prices estimated to rise till 2025 and new opportunities for investments in the U.S. & Canadian crude oil industry are the factors that will offer ample growth opportunities in the market. Physical conditions such as high pressure and temperature offer challenging environment hampering the growth of the market.
The report segments the North America completion equipment and services market on the basis of types, application and geography. On the basis of types, the market is segmented into packers, gravel pack systems, multi-stage fracturing tools, sand control tools, smart wells, liner hangers, safety valves, among others. Based on applications, the market is segmented into onshore and offshore. The offshore market is further segmented into various regions such as U.S., Canada & Mexico. These regions are further segmented on the basis of types and applications.
These include Baker Hughes, Superior Energy Services, Halliburton, Schlumberger, and Weatherford International Inc., among others.
KEY BENEFITS FOR STAKEHOLDERS:
NORTH AMERICA WELL COMPLETION AND EQUIPMENT SERVCIES KEY MARKET SEGMENTS: