Articles
Well Completion Equipment and Services Market - Global Industry Analysis - 2023
by Deepak Kumar Sr. SEO Executive
Some of the major factors driving the growth of the global completion equipment market are increasing demand of completion equipment, and increasing energy demands. Different players are investing huge capital for the exploration and production of oil sites; which is again fuelling the growth of the global completion equipment market.
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The increasing focus on the deep water drilling and explorations of new production sites in the arctic region are creating ample opportunities for the growth of the global completion equipment market, during the forecast period. The exploration of oil and gas from shale reserves is a more difficult task, as compared to the conventional oil and gas reserves.
The completion equipment refers to all equipment required to make a well fully prepared for oil and gas production. The well completion involves various steps, such as well casing, tubing, and installation of well head and lifting equipment.
Geographically, North America leads the global completion equipment market, owing to the presence of large number of shale reserves and increasing exploration and production activities in the region. In addition, the presence of global leaders in the completion equipment market is supporting the growth of the completion equipment market in the region.
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The key players operating in the global completion equipment market are National Oilwell Varco, Welltec, Schlumberger Limited, Halliburton, NCS Multistage LLC, RPC Inc., Nabors Industries Ltd., Superior Energy Services Inc., Weatherford, Trican, Packers Plus Energy Services Inc., and Baker Hughes Incorporated.
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About Deepak Kumar 
Sr. SEO Executive
133 connections, 0 recommendations, 367 honor points.Joined APSense since, May 30th, 2017, From New York, United States.
Created on Mar 28th 2018 08:28. Viewed 314 times.
