Press release
What's Driving the Zonal Isolation Market Trends? Key Company Profiled Schlumberger, National Oilwell Varco, Superior Energy, General Electric, Halliburton, Weatherford
The report on Zonal Isolation market added by DEC Research depicts the current & future growth trends of this business besides outlining details pertaining to the myriad geographies that are a part of the regional landscape of Zonal Isolation market. The report further elucidates intricate details regarding the supply and demand analysis, market share, growth statistics and contributions by leading industry players of Zonal Isolation market.Request a sample of this research report @ https://www.decresearch.com/request-sample/detail/766
The size of Zonal Isolation Market was registered at 22.5 Billion (USD) in the year 2017 and is anticipated to cross 33 Billion (USD) by 2024. Between the period 2018-2024, the Zonal Isolation Market is expected to register a CAGR of 06%.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.
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.
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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.
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.
Table Of Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimation and forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Zonal isolation industry 3600 synopsis, 2014 - 2024
2.1.1 Business trends
2.1.2 Application trends
2.1.3 Method trends
2.1.4 Regional trends
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