Completion Equipment Market - Global Trends & Forecast to 2019

Completion Equipment Market - Global Trends & Forecast to 2019

This report estimates the completion equipment & services market value in terms of $million. This has been broken down into component regions and further split into countries. br The completion equipment & services are required for the completion of oil and gas well after drilling for the production to commence. The ever-increasing exploration and production activities across the globe and new areas of unconventional resources are the main drivers for the growth of the completion equipment & services market. However, issues associated with the environment and increased seismic activities have slowed down the growth of this market. br The growth of the completion equipment & services market is directly proportional to the on-going drilling and completion activities around the world. On the basis of various factors such as geological condition, type of reservoir, and so on different types of completion equipment & services are required to assist the drilling and exploration activities. br The growth in drilling and exploration activities is attributed to the continuous increase in energy demand globally. These activities are expected to grow further as the world energy demand for oil would reach around 4 GTOE by 2020. This rise in energy demand has resulted in increased drilling and completion activities in all parts of the world. This has also put pressure to extract more from each well and thus further deep exploration is done. This increase in the drilling activity increases the requirement of completion equipment & services. br Complete report is available @ .


User: Alan Hyes

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Uploaded: 2014-12-10

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