DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "World Completion Equipment and Services Market - Opportunities and Forecasts, 2014 - 2022" report to their offering.
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
Increasing developments for unconventional and offshore oil reserves, increased exploration and production activities coupled with growing energy demands worldwide are the key factors driving the growth of the completion equipment market. However, growing environmental concerns and rise in seismic activities are the factors hampering the growth of the market.
Furthermore, dwindling number of new oil rigs in the U.S. is a key restraining factor. The inclination towards deep water drilling and growing explorations of new production sites in the arctic region offer huge growth opportunities to the completion equipment and services market. Currently low oil prices having geopolitical consequences along with issues related to high pressure and high temperature (HPHT) completion equipment are major market challenge that need to be overcome by key market players to grow in the market.
Completion Equipment and Services Market By Type
- Sand Control Tools
- Multi-Stage Fracturing Tools
- Liner Hangers
- Smart Wells
- Safety Valves
Completion Equipment and Services Market By Application
For more information about this report visit http://www.researchandmarkets.com/research/lflmcq/world_completion