Well Cementing Market Analysis 2018 – 2023 | Global Industry Analysis by Transocean Ltd. , Valluorec , Tmk , AES Precast Co Inc, Inc., GOES GmbH , GE Oil & Gas

Well Cementing Market Highlights:-

Well Cementing is an essential part of the well completion process. It is used to hold casing in place and to prevent fluid migration between subsurface formations. There are mainly two types of cementing primary cementing and remedial cementing.

According to a recent study report published by the Market Research Future, The global market of well cementing is booming and expected to gain prominence over the forecast period. The global well cementing market is forecasted to demonstrate an exponential growth by 2023, surpassing its previous growth records in terms of value with a whooping, CAGR during the estimated period (2017 – 2023).

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Industry News:-
In August 2017, Integra-Services signed a contract with Nk Rosneft PJSC for well cementing services. Integra-Services LLC are to carry out the cementing of 617 wells at the RN-Yuganskneftegaz group of fields in Western Siberia.
In July 2015, Statoil has awarded Baker Hughes Norway the onshore contract for integrated drilling services for Johan Sverdrup. The estimated contract value is USD190 million and is valid for six years with a four-year extension option for the entire field life. Baker Hughes will therefore provide the whole range of services within Cementing and pumping, Completion, Drilling and completion fluids and Integrated drilling services.

Market Segmentation:-
Based on the well type, the global well cementing market is segmented on the basis of onshore and offshore. Offshore oil production holds about 35% share of the total oil production, globally. Since a few years, deep water and ultra-deep wells are being explored to increase the production and strengthen the market. A few unreachable prospects have been achieved due to advancements in drilling technology, dynamic equipment positioning, cementing units, and drilling units. However, improvements in technology and services help the service providers, gain better accessibility to deep-water wells, which are otherwise difficult to access compared to land exploration and shallow water.

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Industry Top Key Players:-
Weatherford (U.S.), Nabors Industries Ltd (Bermuda), China Oilfield Services Limited (China),Schlumberger Limited (U.S.), Halliburton (U.S.), Baker Hughes Incorporated (U.S.), Trican Well Service Ltd. (Canada), Transocean Ltd. (Switzerland), Valluorec (France), Tmk (Russia), AES Precast Co Inc, Inc. (U.S.), GOES GmbH (Germany), GE Oil & Gas (U.S.) and they are highly proficient to give premium service in the industry.

Major Points Table Of Content:-
1 Executive Summary
2 Scope Of The Report
3 Market Landscape
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends

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5 Global Well Cementing Market, By Type
5.1 Introduction
5.2 Primary
5.2.1 Market Estimates & Forecast, 2018-2023
5.2.2 Market Estimates & Forecast By Region, 2018-2023
5.3 Remedial
5.3.1 Market Estimates & Forecast, 2018-2023
5.3.2 Market Estimates & Forecast By Region, 2018-2023
5.4 Others
5.4.1 Market Estimates & Forecast, 2018-2023
5.4.2 Market Estimates & Forecast By Region, 2018-2023
To be Continued......

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