Zonal Isolation Market Revenue to Reach US$27.88 bn by 2024, Rise in Offshore Drilling Activities Fuels Growth


Transparency Market Research has released a new market report titled, “Zonal Isolation Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024.” According to this report, the global zonal isolation market was valued at US$14.80 bn in 2014 and is projected to reach US$27.88 bn by 2024 at a CAGR of 6.6% from 2016 to 2024.


Traditionally, cementing technique has been used by operators to provide zonal isolation throughout the life of a well. However, in the past few years, several mechanical and chemical techniques have been developed to prevent cross flow of water, gas, or oil between different formations. Mechanical zonal isolation consists of the use of several mechanical equipment such as sliding sleeves, packers, perforated/slotted liners, and plugs. Chemical zonal isolation, on the other hand, comprises the use of polymer gels, monomer systems, bio polymers, and elastomers.

Multiple technologies along with primary and remedial cementing are deployed by well operators for isolating a particular zone during well completion and intervention. Deployment of such techniques depends on several well parameters such as type of producing zone (oil or gas), depth of well, wellbore geometry, and temperature of the wellbore. Zonal isolation is considered very critical for developing unconventional resources. It is very essential to predict flow rates to successfully design and implement multistage hydraulic fracturing in low permeable shale gas reserves. Cost of isolating a particular zone is generally 2%-5% of the total well completion cost. Shift of exploration activities from onshore to offshore areas coupled with increasing focus toward the development of unconventional reserves has spurred the market for the zonal isolation across the globe.


The zonal isolation market has been segmented on the basis of technology and application. Based on technology, the market has been segmented into mechanical and chemical zonal isolation. However, on the basis of application, the market has been segmented into offshore and onshore zonal isolation. Chemical zonal isolation holds the highest market share in terms of technology. However, in terms of application, offshore zonal isolation holds the highest market share. Key players in the zonal isolation market are Schlumberger Limited, Superior Energy Services, Inc., Weatherford International, Baker Hughes, Inc., Halliburton Company, Nabors Industries Ltd., Trican Well Service Ltd., Expro International Group Holdings Ltd., Aker Solutions ASA, and Tendeka.

Comments

Post a Comment

Popular posts from this blog

Greenhouse Film Market to Grow at 8.1% CAGR Thanks to Rising Demand for Quality Food Crops

The  global greenhouse film market  depicts the existence of a fairly emerging market that is expected to become consolidated in the near future, says Transparency Market Research on the basis of a recently published report. Such consolidation is mainly expected to be the result of innumerable mergers and acquisitions between key players in this sector. Moreover, the competition is expected to get tougher with the entry of new players on a regular basis in the global greenhouse film market. Berry Global Group, Inc., RPC BPI Group, BASF SE, Barbier Group, Plastika Kritis S.A., and RKW Hyplast NV, are key players operating in the global greenhouse film market. Most players intend to improve the quality of their respective products as a chief strategy to outshine their rivals. Other schemes wherein an extensive focus has been imparted by most companies involve product differentiation, expansion of product portfolio, and increasing geographical reach. Regulating costs of green...
Read more

Nitro Compound Fertilizers Market Major Advancements & Global Industry Analysis

Nitro Compound Fertilizers  Market: Overview Compound fertilizers contain multiple nutrients in each individual granule. They differ from a blend of fertilizers mixed together to achieve a desired average nutrient composition. It helps farmers to spread compound fertilizers so that each granule delivers a mixture of nutrients as it dissolves in the soil and eliminates the potential for segregation of nutrient sources during transport or application. Multiple-nutrient granules of compound fertilizers also help achieve uniform distribution of micronutrients throughout the root zone. Nitro compound fertilizers are products that contain rich nitrite nitrogen and ammonium nitrogen, which are easily absorbed by plants at high rates. In nitro compound fertilizers, the ammonium nitrogen provides sustainable nutrition to plants to support their rapid growth and strengthen the roots through photosynthesis. Read More Overview @  https://www.transparencymarketresearch.com/nitro-co...
Read more

Global Thermocouple alloys Market | | Progressive Growth In Upcoming Year

Thermocouple consists of two dissimilar metals which are joined to form electrical junctions at differing temperatures and produce electric current. . When selecting thermocoupling alloys, it is important to keep in mind the application temperature range, environment, accuracy required and length of service. Thermocouples are a widely used type of temperature sensor. Commercial thermocouples are inexpensive, interchangeable, are supplied with standard connectors, and can measure a wide range of temperatures. In contrast to most other methods of temperature measurement, thermocouples are self-powered and require no external form of excitation. The main limitation with thermocouples is accuracy; system errors of less than one degree Celsius (°C) can be difficult to achieve. Thermocouples are widely used in science and industry. Applications include temperature measurement for kilns, gas turbine exhaust, diesel engines, and other industrial processes. Thermocouples are also use...
Read more