DUBLIN--(BUSINESS WIRE)--The "Global Slickline Services Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
Slickline services involve the placement and retrieval of wellbore hardware, such as gauges, plugs, and valves, located in the side pocket mandrel and is dependent on drilling and production activities.
Due to downturn in the oil & gas industry, the number of wells completed per year reduced by around 50% during 2014-16. In 2017, the sharp decline in drilling activity came to an end and the revival of drilling activity was observed in several countries, such as the United States, Canada, UAE, Iraq, and others. In March 2018, drilling activities in the United States and Canada reached a two-year peak.
The outlook for drilling activities in 2018 and beyond is expected to be positive, with support from stabilized crude oil price, lower breakeven price, and increasing demand for oil & gas.
Brazil and Argentina are important countries in the South American oil & gas industry and collectively accounts for about 47% of rig count and 43% of crude oil production in the region. The new governments in both the countries have made the oil & gas business more lucrative, and the disinvestment scenario has come to an end. The Argentine government is planning to eliminate natural gas subsidies by 2022 and increase the prices for upstream producers, to attract sufficient investment in production. Brazil is aiming for an additional oil production capacity of around 2 MMb/d, by 2027.
The United Kingdom and Norway have experienced a decline in crude oil production since the start of the century. However, in 2015, the trend changed and increasing production was witnessed in both the countries. In 2016, production in the United Kingdom and Norway increased by 18% and 5.6% respectively, from 2014. Further, the production is expected to ramp up in Norway, as Johan Sverdrup field, one of the major fields, is expected to commence production in 2020.
- Schlumberger Limited
- Weatherford International PLC
- Baker Hughes
- a GE Co.
- Halliburton Company
- National Oilwell Varco
- Superior Energy Services Inc.
- Expro Group
- Reliance Oilfield Services
- Altus Intervention
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Market Overview
4. Market Dynamics
5. Supply Chain Analysis
6. Industry Attractiveness - Porter's Five Forces Analysis
7. Market Segmentation and Analysis
8. Regional Market Analysis
9. Key Company Analysis
10. Competitive Landscape
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