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Well Completion Equipment in Middle East 2015-2019

Well Completion Equipment in Middle East 2015-2019

About well completion equipment

Well completion refers to the activities of making a well capable of production. It involves conditioning a well bottom to the required specification. Principally, well completion incorporates steps such as running the production casing and tubing, perforation, assembling sand control systems (gravel packing and screens), placing the liner, installation of the wellhead equipment, and bottom hole production cementing. Wellhead equipment is installed on the surface of the well, which serves as the main pressure control equipment and connection to the bottom hole as the casing strings are suspended. A tubing hanger provides the main support to the production tubing and is situated in the wellhead assembly. The production tubing runs from the tubing hanger to the production zone and provides the main conduit for oil and gas from the production zone to the surface. The packer is placed near the foot of the tubing, above the production zone, and isolates the annulus between the production zone and the production tubing and casing. The perforation guns are used to punch holes in the production tubing and casing to provide a path for the reservoir fluids to flow into the tubing. Intelligent well equipment such as temperature and pressure sensors, transmission systems, and remote control systems are integrated with other well completion equipment to minimize completion fluid and reservoir fluid losses, maintain well integrity, maximize production, and manage reservoirs.

Technavio's analysts forecast the well completion equipment market in Middle East to grow at a CAGR of 4.7% over the period 2014-2019.

Covered in this report

The report includes the present scenario and the growth prospects of the well completion equipment market in Middle East for the period 2015-2019. The market can be segmented on the basis of equipment.

Technavio's report, Well Completion Equipment Market in Middle East 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a discussion of the key vendors operating in this market.Key countries

  • Saudi Arabia
  • Iran
  • Iraq
  • UAE
  • Kuwait
Key vendors
  • Baker Hughes
  • Halliburton
  • Schlumberger
  • Superior Energy Services
  • Weatherford International
Other prominent vendors
  • Casewell Services
  • Crossover
  • H.P. Well Screen
  • Patterson Services
  • Performance Wellhead & Frac Components
  • Red Spider Technology
  • TAM International
  • T I W Corp.
Market driver
  • Increase in global oil and gas demand
  • For a full, detailed list, view our report
Market challenge
  • Increase in geopolitical issues
  • For a full, detailed list, view our report
Market trend
  • Advances in technology
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Well Completion Equipment Market in Middle East 2015-2019

Technavio recognizes the following companies as the key players in the Well Completion Equipment Market in Middle East: Baker Hughes, Halliburton, Schlumberger, Superior Energy Services and Weatherford International

The other prominent vendors are: Casewell Services, Crossover, H.P. Well Screen, Patterson Services, Performance Wellhead & Frac Components, Red Spider Technology, TAM International and T I W Corp.

Commenting on the report, an analyst from Technavio’s team said: “We have noted increased investment in well completion equipment in the Middle East in 2012-2015. Many vendors are investing in offshore completion equipment to reduce fluid losses and oil leakage during the completion process. They are also making investments to counter the adverse effects of completion fluids on marine ecosystems. With an increase in investments, technology will improve, and will reduce the environmental issues and costs associated with the well completion process.”

According to the report, the expansion of oil and gas exploration and production activities is likely to stimulate the growth of the well completion equipment market in the Middle East. The growing demand for oil and gas is encouraging increased investments in state-of-the-art technologies to enhance well completion efficiency, and thus ensuring increased oil production. Well completion activities such as acidizing and fracturing ensure the demand-supply balance by enhancing access to oil and gas in tight, and previously inaccessible formations.

Further, the report states that geopolitical issues and tensions prevailing in the region pose a considerable threat to the market in terms of investment and funding for related activities.

Companies Mentioned

Baker Hughes, Halliburton, Schlumberger, Superior Energy Services, Weatherford International, Casewell Services, Crossover, H.P. Well Screen, Patterson Services, Performance Wellhead & Frac Components, Red Spider Technology, TAM International, T I W Corp.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product and solution offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
    • Technology overview
      • Table Well completion equipment overview
      • Table Intelligent well completion equipment - relative business value
    • Market size and forecast
      • Table Well completion equipment market in Middle East 2014-2019 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by equipment
    • Well completion equipment market in Middle East by equipment 2014
      • Table Well completion equipment market in Middle East by equipment 2014
    • Well completion equipment market in Middle East by equipment 2019
      • Table Well completion equipment market in Middle East by equipment 2019
    • Well completion equipment market in Middle East by equipment 2014-2019
    • Well completion equipment market in Middle East by production casing and tubing segment
      • Table Well completion equipment market in Middle East by production casing and tubing segment 2014-2019 ($ millions)
    • Well completion equipment market in Middle East by stimulation tools segment
      • Table Well completion equipment market in Middle East by stimulation tools segment 2014-2019 ($ millions)
    • Well completion equipment market in Middle East by wellhead equipment segment
      • Table Well completion equipment market in Middle East by wellhead equipment segment 2014-2019 ($ millions)
    • Well completion equipment market in Middle East by packers segment
      • Table Well completion equipment market in Middle East by packers segment 2014-2019 ($ millions)
    • Well completion equipment market in Middle East by sand control systems segment
      • Table Well completion equipment market in Middle East by sand control systems segment 2014-2019 ($ millions)
    • Well completion equipment market in Middle East by liner hangers segment
      • Table Well completion equipment market in Middle East by liner hangers segment 2014-2019 ($ millions)
    • Well completion equipment market in Middle East by intelligent wells segment
      • Table Well completion equipment market in Middle East by intelligent wells segment 2014-2019 ($ millions)
    • Well completion equipment market in Middle East by others segment
      • Table Well completion equipment market in Middle East by others segment 2014-2019 ($ millions)
  • Key leading countries
    • Well completion equipment market in Middle East by countries
      • Table Well completion equipment market in Middle East by countries 2014
      • Table Well completion equipment market in Middle East by countries 2019
      • Table Well completion equipment market in Middle East by countries 2014-2019
    • Saudi Arabia
      • Table Well completion equipment market in Saudi Arabia 2014-2019 ($ millions)
    • Iran
      • Table Well completion equipment market in Iran 2014-2019 ($ millions)
    • Iraq
      • Table Well completion equipment market in Iraq 2014-2019 ($ millions)
    • UAE
      • Table Well completion equipment market in UAE 2014-2019 ($ millions)
    • Kuwait
      • Table Well completion equipment market in Kuwait 2014-2019 ($ millions)
    • Others
      • Table Well completion equipment market in other Middle East countries 2014-2019 ($ millions)
  • Market drivers
    • Table Global oil and gas consumption 2009-2014
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table WTI spot price July 2014-July 2015 ($/bbl)
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Baker Hughes
    • Halliburton Company
    • Schlumberger
    • Superior Energy Services
      • Table Superior Energy Services: Business segmentation 2014 by revenue
      • Table Superior Energy Services: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Superior Energy Services: Geographical segmentation by revenue 2014
    • Weatherford International
      • Table Weatherford International: Product segmentation
      • Table Weatherford: Business segmentation by revenue 2014
      • Table Weatherford: Geographical segmentation by revenue 2014
  • Appendix
    • List of abbreviation
  • Explore Technavio

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