Press release
Zonal Isolation Market Brief Analysis By Top Key Players | Halliburton, Hunting PLC, Archer Limited, Weatherford International, Helix Energy Solutions, General Electric, Oceaneering International Ltd
Zonal isolation market in Africa is expected to grow over 9% by 2024.
Potential O&G reserves across the region are driving investments from exploration companies, thereby stimulating the industry outlook. Furthermore, growing focus toward the redevelopment of aging fields coupled with government efforts to meet the future supply of oil & gas will propel the industry landscape. For instance, Ministry of Mineral Resource & Petroleum has partnered with Africa Oil & Power platform to substantially upsurge the investment activities toward Angolan oil fields.
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Favorable government measures to address the rising energy demand coupled with huge potential of the untapped reserves will boost the U.S. zonal isolation market. Furthermore, sanctions to increase the number of wells drilled throughout the region will complement the business outlook. In 2018, the oil production from new wells in Anadarko, grew by five barrels every day for each rig from January to February.
Zonal Isolation Market is anticipated to exceed USD 33 billion by 2024. Increasing offshore drilling activities along with enhanced government focus toward the redevelopment of mature O&G fields will drive the zonal isolation market growth. In addition, growing emphasis on the exploration and production activities coupled with the development of advanced technologies to increase the production of oil & gas wells will further stimulate the industry outlook.
Offshore zonal isolation market will witness growth on account of growing inclination toward deep and ultra-deep-water drilling activities. Growing production from Manifa, Qatif and Safaniya oil fields and the expansion of deep-water projects has been largely contributing toward the overall production in Saudi Arabia. In addition, enhanced government initiatives to meet the growing energy demand is increasing the exploration of offshore reserves, thereby stimulating the industry landscape.
Zonal isolation market, by mechanical method, will grow due to the suitability of the technologies across deep-water reserves. Ongoing advancement of these technologies to achieve increased productivity and to utilize the existing reserves in an efficient & cost-effective way will positively impact the technology growth.
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Chemical zonal isolation market will witness considerable growth on account of continuous R&D activities to address the increasing drilling challenges. In addition, the ability to offer effectual isolation in horizontal wells along with high applicability & suitability across harsh drilling environments including high temperature & pressure conditions will propel the business landscape.
Key industry players operating in the zonal isolation market comprises Halliburton, Hunting PLC, Archer Limited, Weatherford International, Helix Energy Solutions, General Electric, Oceaneering International Ltd., Superior Energy Services and Saltel Industries amongst others.
Table of content:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Zonal Isolation Industry Insights
Chapter 4 Zonal Isolation Market, By Application
Chapter 5 Zonal Isolation market, By Method
Chapter 6 Zonal Isolation market, By Region
Chapter 7 Company Profiles
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Related Report:
Global Zonal Isolation Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023
Zonal isolation?is?defined?as the exclusion of fluids such as water or gas in one zone from mixing with oil in another zone. Successful?zonal isolation?involves the creation of a hydraulic barrier between the casing and the cement and between the cement and the formation.
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