Necessity of Zonal Isolation in Oil and Gas Industry Driving Demand
Zonal isolation refers to the process of placing a cement sheath between casing and wellbore. This process helps isolate fluids such as water and gas in a zone from mixing with oil in another zone. According to a study by Transparency Market Research (TMR), the global market for zonal isolation stood at US$14.80 bn in 2014 and is estimated to reach a valuation of US$27.88 bn by 2024, rising at a healthy CAGR of 6.6% during the forecast period of...
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