DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/g3q2sn/china_artificial) has announced the addition of the "China Artificial Lift Systems Market - Market Size Analysis By Region, Competitive Landscape And Key Company Information (2014-2020)" report to their offering.
China is the largest importer of oil in the world. It is because of having the largest population in the world and the rapidly growing economy. The extraction of oil in this region has increased so the market for artificial lift systems is also growing at a rapid pace.
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.
Although there are several methods to achieve artificial lift, the two main categories of artificial lift include pumping systems and gas lifts.
Key Topics Covered:
2. Executive Summary
3. Market Overview
4. Drivers, Constraints and Opportunities
5. China Artificial Lift Systems Market Analysis, by Installations
6. China Artificial Lift Systems Market Analysis
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/g3q2sn/china_artificial