Intelligent Well Completion Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The intelligent well completion market is expected to grow at a CAGR of more than 1.0% over the period of 2020-2025. Factors such as increasing production from conventional and unconventional resources and reducing maintenance costs of the well are expected to drive the market. However, volatility in crude oil and natural gas prices may restrain the growth of the market.
Key HighlightsThe intelligent well completion market is partially fragmented. Some of the key players in this market are Schlumberger Ltd, Halliburton Company, Baker Hughes Company, Weatherford International plc, and National-Oilwell Varco, Inc.
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