DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/sj6zwv/north_america) has announced the addition of the "North America Artificial Lift Systems Market - Market Size Analysis By Region, Competitive Landscape And Key Company Information (2014-2020)" report to their offering.
North America is a major importer of oil and also a major exporter of oil in the world. Hydraulic fracturing is used extensively in this region. The oil production oil has increased from 5.7 million barrels per day in 2011 to 7.4 million bbl/d in 2013. It is estimated to reach 9.2 million bbl/d by 2015. Canada also produced 1.38 million bbl/d in 2013. The use of artificial lift in this region is increasing with the usage of hydraulic fracturing being used more every year in this region.
Artificial lift is a process used on oil wells to increase pressure within the reservoir and encourage oil to the surface. When the natural drive energy of the reservoir is not strong enough to push the oil to the surface, artificial lift is employed to recover more production.
While some wells contain enough pressure for oil to rise to the surface without stimulation, most don't, requiring artificial lift. In fact, 96% of the oil wells in the US require artificial lift from the very beginning.
Even those wells that initially posses natural flow to the surface, that pressure depletes over time, and artificial lift is then required. Therefore, artificial lift is generally performed on all wells at some time during their production life.
Key Topics Covered:
2. Executive Summary
3. Market Overview
4. Drivers, Constraints and Opportunities
5. North America Artificial Lift Systems Market Analysis, by Installations
6. North America Artificial Lift Systems Market Analysis, by Country
8. Company Profiles
9. Competitive Landscape
- Baker Hughes Inc.
- Halliburton Company
- Schlumberger Limited
- Weatherford International Ltd
- General Electric Energy
- Borets Company Llc
- National Oilwell Varco Inc.
- Torqueflow Sydex Ltd
- Compass Energy
- Gulf Coast Pump & Supply
For more information visit http://www.researchandmarkets.com/research/sj6zwv/north_america