Global Smart Well Market Information by well type (Onshore, Offshore) and region- Forecast to 2022
Pune, India -- (SBWIRE) -- 09/26/2017 -- Market Highlights
The smart well technology allows measuring flows from each producing formation in real time, regulating water injection rates in injection wells. Additionally, smart well technology creates additional economic and environmental benefits, since it allows a reduction in the number of well pads and associated field infrastructure, and also helps meet the requirements of environmental regulations. A recent trend is that of IT integration and digitization of oil fields. The recent fall in oil prices has reduced oilfield services companies' profit margins, leading to the use of IT to improve efficiencies and reduce operational losses. Factors such as increasing drilling activities in oil fields and rising focus on shale gas and tar sand reserves are driving the onshore well type. Moreover, North America is leading the market for smart well. The exploration of new reserves, and creation of growth prospects for the exploration and production activities in the U.S., Canada and Mexico are expected to trigger the demand for smart well market.
However, decreasing investment in oil and gas industry and Cyber security concern are some of the factors projected to limit the industry growth opportunities.
The key players of global smart well market are
- Baker Hughes,
- Weatherford International,
- National Oilwell Varco,
- Superior Energy Services, Inc.
- Trican Well Service Ltd.,
- RPC Inc.,
- Nabors Industries Ltd,
- Salym Petroleum Development N. V.
Request a Sample Copy @ https://www.marketresearchfuture.com/sample_request/2623
Market Research Future Analysis:
Market Research Future analysis shows that the global market of smart well market is estimated to grow at USD XX billion by the end of year 2022. North America is currently the largest market for smart well followed by Europe and Asia-Pacific. In North America, the growth of the smart well market is attributed to factors such as shale revolution and presence of large drilled wells in the U.S. which drives the market for smart well
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "Global Smart Well Market Research Report - Forecast to 2022"
Smart wells are wells which have equipment which can be controlled automatically or manually. Intelligent well completions or 'smart' wells enable operators to acquire data, monitor and remotely control well operations for maximum productivity. Moreover, smart well technology plays a crucial role in maintaining financial stability and drilling activity by providing details regarding reservoirs characteristics. It is equipped with downhole sensors, which monitor well and reservoir conditions as well as it monitors valves to control the inflow of fluids from the reservoir. Additionally, the smart well technology allows measuring flows from each producing formation in real time and regulating water injection rates in injection wells.
For further information on this report, visit @ https://www.marketresearchfuture.com/reports/smart-well-market-2623
Table of Content
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter's Five Forces Analysis
4 Global Smart Wells Market, By Well Type
List of Tables
Table 1 global Smart Wells Market, By Well Type
Table 2 Global Smart Wells Market, By Regions
Table 3 North America Smart Wells Market, By Well Type
Table 4 u.S. Smart Wells Market, By Well Type
Table 5 canada Smart Wells Market, By Well Type
List of Figures
Figure 1 research Methodology
Figure 2 global Smart Wells Market: By Well Type (%)
Figure 3 global Smart Wells Market: By Region
Figure 4 north America Smart Wells Market, By Well Type (%)
Figure 5 europe Smart Wells Market, By Well Type (%)
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
+1 646 845 9312