What is the growth Zonal Isolation Market? Halliburton, National Oilwell Varco, Weatherford International, Archer Limited, Calfrac Well Services, Saltel Industries,

Global Market Insights, Inc. has launched a report on Zonal Isolation Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

Zonal Isolation Market size will surpass USD 33 Billion by 2024, as reported in the latest study by Global Market Insights, Inc.
Increasing focus toward the exploration & production of oil & gas fields along with technological advancements to improve the production efficiency will boost the market. In addition, government focus toward enhancing the productivity of mature fields accompanied by increasing offshore drilling activities will complement the industry landscape.

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320 pages
542 market data tables
34 figures & charts

U.S. market will witness growth on account of high potential of untapped oil reserves along with increasing number of drilling rigs across the region. Favorable government initiatives to enhance the production of oil to meet the increasing energy demand will further stimulate the industry growth. In Anadarko, new well oil production per rig increased by 5 barrels per day from January 2018 to February 2018.

Enhanced focus toward deep water drilling activities along with shifting trends toward drilling deep and ultra-deep wells will boost the offshore zonal isolation market growth. In Saudi Arabia, the expansion of deep-water projects and increasing production from Safaniya, Manifa, and Qatif oil fields has been contributing maximum toward the total production. In addition, increasing demand for oil from developing economies will enhance government efforts to explore offshore reservoirs, thereby complementing the business outlook.

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Growth drivers

• Increasing production from offshore fields
• Rising focus toward redevelopment of mature fields
Industry pitfalls & challenges
• Geopolitical uncertainty
• Volatile crude oil prices

Mechanical zonal isolation market will witness growth on account of consistent performance of these technologies across various deep-water conditions. Continuous technological advancements to stimulate unconventional reservoirs in an economical & efficient manner and achievement of increased productivity will enhance the business scenario.

Growing industry inclination toward the expansion and optimization of mature wells along with continuous development efforts in the existing isolation technologies to combat the loss of drilling will boost the market. Significant capital investments by major industry players toward redevelopment programs will further stimulate the industry growth.

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The African market is anticipated to grow over 9% by 2024. Steadily rising investments by the global investors and exploration companies toward the potential oil & gas hotspots across the region will positively impact the industry growth. The Ministry of Mineral Resources and Petroleum aims at maximizing investments for the Angolan oil fields through partnership with the Africa Oil & Power. Furthermore, ongoing government efforts to avoid the shortfall of future O&G supply coupled with escalating focus toward the redevelopment of aging fields will encourage the regional outlook.

Increasingly harsh downhole conditions necessitate the advances in isolation technologies along with ongoing research & development efforts to meet the rising drilling challenges will stimulate the chemical zonal isolation market growth. In addition, the widespread applicability across varying range of temperature and pressure conditions along with the ability to provide effective isolation across horizontal wells will further propel the industry dynamics.

Eminent industry players across the industry include Halliburton, National Oilwell Varco, Weatherford International, Archer Limited, Calfrac Well Services, Saltel Industries, and Oceaneering International Limited amongst others.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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