Sand Control Systems Market Estimated to Expand at a CAGR of 4.7% | Global Leaders: alliburton Inc. , Baker Hughes Incorporated, Weatherford International , and National Oilwell Varco .

Market Overview:-

Sand control systems is one of the major parts in oil & gas production system. It helps eliminate the sand production in the wellbore. The system plays a major role in the completion process and it recovers the performance and the productivity of the well. Nowadays, most of the world’s oil and gas wells produced from unconsolidated sandstones produce sand with reservoir fluids. Problems associated with sand production include plugging of perforation tunnels, accumulation in surface separators, sanding up of the production interval, and potential failure of downhole and surface equipment from erosion. Such problems can pose economic and safety risks.

There are several techniques for minimizing sand production from wells. The choices range from simple changes in operating practices to expensive completions, such as sand consolidation or gravel packing. The sand control method selected depends on site-specific conditions, operating practices, and economic considerations.

Get Sample of the Report @ https://www.marketresearchfuture.com/sample_request/1004

Major Key Players:-

The key players of the global sand control systems market are Schlumberger Limited (France), Halliburton Inc. (U.S.), Baker Hughes Incorporated (U.S.), Weatherford International (Switzerland), and National Oilwell Varco (U.S.). Oil States International (U.S.), Tendeka (U.K), Welltec (Denmark), Packers Plus Energy Services Inc. (Canada), and Superior Energy Services, Inc. (U.S.) are among others.

Competitive landscape:-

Global sand control systems market seems to be extremely uneven and competitive owing to the presence of several large and medium players active in regional market. The key strategies traced from the analysis of recent developments of the key players include product launch, acquisition and expansion, agreement & partnership. Strategic partnerships between key players support the growth and expansion plans of the key players during the forecast period.

Market Segmentation:-

The global sand control systems market has been segmented based on technique, well type, application, and region. On the basis of technique, the market has been segmented into Gravel Pack, Frac Pack, Sand Screens, Inflow Control Devices and others. The gravel pack dominated the technique segment of the market due to the increased drilling of the oil and gas field in the onshore regions. The inflow control devices segment is projected to grow at the fastest rate during the forecast period.

On the basis of well type, the market has been segmented onshore and offshore. Onshore dominates the well type segment of the market. Existence of huge onshore oil & gas wells is the major factor for the largest market share of the onshore segment in the sand control systems market.

Offshore segment is projected to be the fastest growing segment during the forecast period, mainly due to rising deep & ultra deepwater drilling activities, across the globe.

Browse Full Report @ https://www.marketresearchfuture.com/reports/sand-control-systems-market-1004

Industry News:-

In July 2017, National Oilwell Varco has launched the Bullmastiff Original (MO), an open hole, ball drop activated multistage frac system, which includes proppant and formation debris control. Preventing proppant flow back is achieved with the use of sand control systems that are exposed to post-frac to begin production. By using a mechanical method of sand control, the Bullmastiff MO increases well economics over the lifetime of the well by reducing surface facility requirements and providing production efficiencies.

In March 2015, Halliburton’s Completion Tools business line launched the EquiFlow OptiSteam flow control device (FCD) for steam-assisted gravity drainage (SAGD) injectors. This advanced flow control technology helps operators maximize production efficiency and improve steam-oil ratio by balancing steam injection throughout the length of a completion.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact

Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.