The report “Middle East Well Completion Equipment & Services Market by Type (Packers, Sand Control Tools, Multi-Stage Fracturing Tools, Liner Hangers, and Others), by Application (Onshore & Offshore) & by Country - Analysis and Forecast to 2019” Middle Eastern well completion equipment & services market was valued at $931.1 million in 2014 and is estimated grow at a CAGR of 6.5% from 2014 to 2019.
Browse through the TOC of Middle East Well Completion Equipment & Services Market for an analysis of industry trends, segments & forecasts.
Well completion equipment and services are important for well construction. The services enhance long-term production and also prevent the movement of reservoir sand into a wellbore, thus improving the production from the well.
Major oil companies are investing in the Middle East region to increase their profit margin and to explore the untapped offshore market. Deep water activities will drive the well completion equipment and services market in the coming years.
The Middle East well completion equipment & services market has been segmented by type, application, and country. The market segmented on the basis of country includes Oman, Saudi Arabia, UAE, Qatar, and Rest of Middle East. In terms of type, the market is segmented into packers, sand control tools, multi stage frac tools, liner hangers, smart wells, safety valves, and others. The market based on application covers onshore and offshore.
The market in Saudi Arabia accounted for the second-largest share of 38.6% in 2014 followed by Oman. The rising E&P activities and technological advancements are driving the growth of this market.
Key players dominant in the well completion equipment and services market are Schlumberger Ltd. (U.S.), Weatherford International Plc (Ireland), Halliburton Co. (U.S.), and Baker Hughes Inc. (U.S.).
Browse Related Reports:Asia-Pacific Well Completion Equipment & Services Market by Service (Packers, Sand Control Tools, Liner Hangers Services, & Smart Wells), by Application (Onshore & Offshore), by Country – Analysis & Forecast to 2019
Report Subscription:MicroMarket Monitor produces exclusive market research reports, based on real-time data to provide better understanding of the dynamic market conditions of the Information and Communication Technology industry. The reports offer in-depth and complete analysis of the regional and country level marketplaces. The research reports for Information and Communication Technology industry are updated on quarterly basis and are easily available for purchase through annual subscriptions.
About MicroMarket Monitor:
MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.Contact:
Mr. Chandrasekhar K.
UNIT no 802, Tower No. 7, SEZ
Magarpatta City, Hadapsar
Pune, Maharashtra 411013,