Press release
What's driving the Zonal Isolation Market trends? Key Players are Calfrac Well Services, National Oilwell Varco, Superior Energy Services
Zonal Isolation Market
The size of Zonal Isolation Market was registered at USD 22.5 billion in the year 2017 and is anticipated to cross USD 33 billion by 2024. Between the period 2018-2024, the Zonal Isolation Industry is expected to register a CAGR of 6%. 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.
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Considerable capital investments by industry giants toward the redevelopment of mature wells on account of increased focus for the optimization of wells will stimulate the zonal isolation market. In addition, continuous developments in the prevailing zonal isolation methods to check the drilling loss will propel the industry dynamics.
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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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.
Some of the notable companies operating in global zonal isolation market are Archer Limited, Calfrac Well Services Ltd., National Oilwell Varco, Superior Energy Services, Inc., Trican Well Services Ltd., Omega Well Intervention Ltd., Expro Holdings UK , Ltd, Schlumberger Limited, Helix Energy Solutions Inc., Altus Intervention Limited, Oceaneering International, Inc., Hunting Energy Services, Inc.
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 industry, By Method
Chapter 6 Zonal Isolation industry, By Region
Chapter 7 Company Profiles
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