Tokyo, Japan -- (SBWIRE) -- 01/23/2019 -- The intelligent system integrates a permanent top-down sensor and a surface-controlled, top-down flow control valve to monitor, evaluate and actively manage production (or injection) in real-time without user intervention. Data is sent to the surface for local or remote monitoring.

Global Intelligent completions Market is expected to grow at a CAGR of +6% during the forecast period 2019-2024

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Top Market Players in the Market:
Schlumberger (US), Halliburton (US), BHGE (US), Weatherford (US), and National Oilwell Varco (US), others

Oil and gas operators are looking for ways to use these resources more efficiently and effectively. To maximize production and improve the economics of reservoirs, oil and gas operators are seeking extensively sophisticated finishing strategies that take advantage of real-time data monitoring with remote control sleeve sleeves or variable chokes. With intelligent completion, oil and gas operators can more effectively manage production and eliminate or reduce intervention and associated production downtime, costs, and risk.

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