DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Completion Equipment Market Outlook to 2020 - Market Analysis by Geography, Type, Competitive Landscape, Key Company Information - Growth Trends and Forecasts" report to their offering.
Completion in oil and gas industry refers to making a well ready for production. Well completion incorporates the steps taken to convert a drilled well into producing stage. The steps in this process include casing, perforating, gravel packing and installing a production tree.
Completion and production often consists of cementing, stimulation, well intervention, pressure control, pipeline and process services, and completion services. The services may also contain installation, maintenance, repair or testing services as well.
North America leads the market in terms of demand and is closely followed by Asia-Pacific. Asia-pacifics exploration activity is at an all time high from the last four-five years thanks to shale boom in some countries such as China. Decent market opportunity exists for this market in Europe, as the North Seas new exploration activity is now moving in to deeper waters which require much sophisticated equipment. Countries such as the Netherlands and Norway present a decent market opportunity for oil country tubular goods.
Ever increasing energy demand, increased offshore exploration activity across the globe which often going in to deeper waters and several operators efforts to find new oil and gas reserves are driving the market. Whereas on the flip side, high initial investments, lack of skilled labor, and environmental conditions such as harsh weathers are restraining the market from growth.
2. Executive Summary
3. Market Overview
4. Drivers, Constraints and Opportunities
5. Completion Equipment Market Value Chain Analysis
6. Global Completion Equipment Market Segmentation, by Geography
7. Global Completion Equipment Market Segmentation, by Type
9. Key Company Analysis
10. Competitive Landscape
For more information about this report visit http://www.researchandmarkets.com/research/phrwxk/global_completion