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Completion Equipment Market by 2023 - Strategies, Recent Developments, Companies, Regions
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The increasing focus on the deep water drilling and explorations of new production sites in the arctic region are creating ample opportunities for the growth of the global completion equipment market, during the forecast period. The exploration of oil and gas from shale reserves is a more difficult task, as compared to the conventional oil and gas reserves.
The completion equipment refers to all equipment required to make a well fully prepared for oil and gas production. The well completion involves various steps, such as well casing, tubing, and installation of well head and lifting equipment.
Geographically, North America leads the global completion equipment market, owing to the presence of large number of shale reserves and increasing exploration and production activities in the region. In addition, the presence of global leaders in the completion equipment market is supporting the growth of the completion equipment market in the region.
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The key players operating in the global completion equipment market are National Oilwell Varco, Welltec, Schlumberger Limited, Halliburton, NCS Multistage LLC, RPC Inc., Nabors Industries Ltd., Superior Energy Services Inc., Weatherford, Trican, Packers Plus Energy Services Inc., and Baker Hughes Incorporated.
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