Visiongain Publishes Global Intelligent Completion Market 2019-2029 Report
LONDON, Aug. 21, 2019 /PRNewswire/ -- Analysis by Application (Offshore and Onshore), by Component (Hardware and Software), by Type (Simple and Complex), by Function (Surface Control System, Downhole Monitoring & Control System and Communication System), Company and Country Analysis and Forecasts
Market Definition:
• Intelligent completion is a technology, which employs permanent downhole sensors and surface-controlled downhole flow control valves, which enable evaluate, monitor and actively manage production (or injection) in real time without any well interventions.
• This technology facilitates surface-controlled production from each zone or lateral to optimize production and reservoir management, and also decreases production of undesirable gas or water.
Market Overview and Trends
• Intelligent completion technology was initially used in subsea wells. This technology has proven their value in managing production from horizontal wells with multiple zones, wells in heterogeneous reservoirs, mature reservoirs and multilateral wells.
• In December 2018, a global completion systems and service provider to oil and gas companies launched a new technology, FloFuse to enhance oil recovery.
• The objective of this technology is to increase oil recovery by improving injected water conformance in fractured reservoirs or by ensuring the effective placement of matrix stimulation acids.
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Market Dynamics:
Factors Influencing the Market Growth:
• Increase in demand for oil production globally
• Technological advancements associated with intelligent completion systems
• Improved focus to enhance oil production
Factors Restraining the Market Growth:
• High costs association with initial design, installation and, maintenance of intelligent completion systems
• Concerns regarding data processing and data-safety associated with intelligent completion systems
To find out more about this report please contact Sara Peerun at sara.peerun@visiongain.com or refer to our website: https://www.visiongain.com/report/global-intelligent-completion-market-report-2019-2029/
Market Segmentation 2019-2029:
Application
• Offshore Market, 2019-2029
• Onshore Market, 2019-2029
Component
• Hardware Market, 2019-2029
• Software Market, 2019-2029
Type
• Simple Systems Market, 2019-2029
• Complex Systems Market, 2019-2029
Function
• Surface Control System Market, 2019-2029
• Downhole Monitoring & Control System Market, 2019-2029
• Communication System Market, 2019-2029
Geographic breakdown
Focused regional forecasts and analysis explore the future opportunities:
• North America Market, 2019-2029
• Europe Market, 2019-2029
• Asia-Pacific Market, 2019-2029
• LAMEA Market, 2019-2029
Competitive Analysis:
• Companies are actively engaged in different developmental strategies in order to improve and increase their foothold in the global intelligent completion market.
• There have been a considerable number of product launches, product developments, mergers, and acquisitions recently in the global intelligent completion industry.
Did you know that we also offer a report add-on service? Email sara.peerun@visiongain.com to discuss any customized research needs you may have.
Companies covered in the report include:
Benchmarking
BP
CNPC
Eni
ExxonMobil
Hess Corporation
Kuwait Petroleum Corporation
Lukoil
Marathon Oil
Royal Dutch Shell
RPC Inc
Salym Petroleum
Saudi Aramco
Sinopec
Superior Energy Services
Total Fina Elf S.A
WellDynamics Inc
Welltec International
Woodside Energy
To discuss this report please e-mail Sara Peerun on sara.peerun@visiongain.com
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