Well Completion Market Research Report – Forecast to 2030

Well Completion Market Research by Operations (fracturing, sand control, liner hanger systems, intelligent wells, packers, valves & others), by type (equipment and services), by well type (onshore and offshore) and by Region – Forecast till 2030

ID: MRFR/E&P/0486-HCR | February 2021 | Region: Global | 120 pages

Impact of COVID-19 on the Well Completion Market
Well Completion Market


Source: Primary Experts, Secondary Sources and MRFR Analysis


The spread of the COVID-19 pandemic has negatively impacted the well completion market owing to the lockdowns imposed in the majority of the countries across the globe since December 2019. Well completion includes the steps taken to convert a drilled well into a producing one. These steps involve cementing, gravel packing, casing, perforating, and installing a production tree. Well completion is a vital process in the field development activity. The economic success of any well development project depends majorly on how the well is completed. Well completion defines the process of deeming a well, ready for commercial operation. The well starts producing fluids normally after well completion has been deployed successfully. The main function served by the well completion process is connecting the wellbore and the reservoir mechanically. The well completion process is carried out with specific equipment and tools, which include coiled tubing, packers, completion fluids, manifolds, wellheads, and blowout preventers. The demand for these products has been interrupted due to the temporary shutting down of businesses in recent months. However, several countries have started lifting the lockdowns to restore their economic conditions, which is anticipated to boost the product demand in the coming years.


Crude Oil Production, 2014-2018 (Metric Tons)


Source: B.P. Statistics


The oil industry has struggled to survive the downfall in oil prices post-April 2014. The stabilization in oil prices due to balanced oil supply and demand for oil, coupled with other macroeconomic factors, is helping the oil industry to increase the number of new projects. Besides, the discovery and drilling projects have exhibited an increasing need for oilfield service providers. The well completion service providers are gaining huge opportunities from the recovered oil prices and the continuous increase in drilling activities from the newly discovered oilfields. The well completion service providers are, thereby, expected to experience continual growth during the forecast period. The well completion market is driven by factors such as increased exploration and drilling activities, recovery of oil prices, and the rising demand for oilfield services. The increasing discoveries of new oilfields are fueling the growth of the well completion market. Besides, the field development projects, which started a few years ago, will require services and equipment for the completion of wells by installing wellheads on the top of cased wells. For instance, Ghana’s Jubilee oilfield was set to start production in 2019 and is in its last phase of the field development process.

Table of content

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market size Estimation

2.5 Forecast Model


3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining power of buyers

3.1.3 Bargaining power of suppliers

3.1.4 Threat of substitutes

3.1.5 Segment rivalry

3.2 Value Chain/Supply Chain Analysis


4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends


5 Global Well Completion Market, By Operations

5.1 Introduction

5.2 Fracturing

5.2.1 Market Estimates & Forecast, 2020-2027

5.2.2 Market Estimates & Forecast by Region, 2020-2027

5.3 Sand control

5.3.1 Market Estimates & Forecast, 2020-2027

5.3.2 Market Estimates & Forecast by Region, 2020-2027

5.4 Linear hanger system

5.4.1 Market Estimates & Forecast, 2020-2027

5.4.2 Market Estimates & Forecast by Region, 2020-2027

5.5 Intelligent wells

5.5.1 Market Estimates & Forecast, 2020-2027

5.5.2 Market Estimates & Forecast by Region, 2020-2027

5.5 Packers

5.6.1 Market Estimates & Forecast, 2020-2027

5.6.2 Market Estimates & Forecast by Region, 2020-2027

5.7 Valves

5.7.1 Market Estimates & Forecast, 2020-2027

5.7.2 Market Estimates & Forecast by Region, 2020-2027

5.8 Others

5.8.1 Market Estimates & Forecast, 2020-2027

5.8.2 Market Estimates & Forecast by Region, 2020-2027

6 Global Well Completion Market, By Type

6.1 Introduction

6.2 Equipment

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast by Region, 2020-2027

6.3 Service

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast by Region, 2020-2027

7 Global Well Completion Market, By Well Type

7.1 Introduction

7.2 Offshore

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Onshore

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

8 Global Well Completion Market, By Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Operations, 2020-2027

8.2.3 Market Estimates & Forecast by Type, 2020-2027

8.2.4 Market Estimates & Forecast by Well Type, 2020-2027

8.2.5 U.S.

8.2.5.1 Market Estimates & Forecast, 2020-2027

8.2.5.2 Market Estimates & Forecast by Operations, 2020-2027

8.2.5.3 Market Estimates & Forecast by Type, 2020-2027

8.2.5.4 Market Estimates & Forecast by Well Type, 2020-2027

8.2.6 Canada

8.2.6.1 Market Estimates & Forecast, 2020-2027

8.2.6.2 Market Estimates & Forecast by Operations, 2020-2027

8.2.6.3 Market Estimates & Forecast by Type, 2020-2027

8.2.6.4 Market Estimates & Forecast by Well Type, 2020-2027

8.3 Europe

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Operations, 2020-2027

8.3.3 Market Estimates & Forecast by Type, 2020-2027

8.3.4 Market Estimates & Forecast by Well Type, 2020-2027

8.3.5 U.K.

8.3.5.1 Market Estimates & Forecast, 2020-2027

8.3.5.2 Market Estimates & Forecast by Operations, 2020-2027

8.3.5.3 Market Estimates & Forecast by Type, 2020-2027

8.3.5.4 Market Estimates & Forecast by Well Type, 2020-2027

8.3.6 Germany

8.3.6.1 Market Estimates & Forecast, 2020-2027

8.3.6.2 Market Estimates & Forecast by Operations, 2020-2027

8.3.6.3 Market Estimates & Forecast by Type, 2020-2027

8.3.6.4 Market Estimates & Forecast by Well Type, 2020-2027

8.3.7 France

8.3.7.1 Market Estimates & Forecast, 2020-2027

8.3.7.2 Market Estimates & Forecast by Operations, 2020-2027

8.3.7.3 Market Estimates & Forecast by Type, 2020-2027

8.3.7.4 Market Estimates & Forecast by Well Type, 2020-2027

8.3.8 Italy

8.3.8.1 Market Estimates & Forecast, 2020-2027

8.3.8.2 Market Estimates & Forecast by Operations, 2020-2027

8.3.8.3 Market Estimates & Forecast by Type, 2020-2027

8.3.8.4 Market Estimates & Forecast by Well Type, 2020-2027

8.3.9 Rest of Europe

8.3.9.1 Market Estimates & Forecast, 2020-2027

8.3.9.2 Market Estimates & Forecast by Operations, 2020-2027

8.3.9.3 Market Estimates & Forecast by Type, 2020-2027

8.3.9.4 Market Estimates & Forecast by Well Type, 2020-2027

8.4 Asia Pacific

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Operations, 2020-2027

8.4.3 Market Estimates & Forecast by Type, 2020-2027

8.4.4 Market Estimates & Forecast by Well Type, 2020-2027

8.4.5 China

8.4.5.1 Market Estimates & Forecast, 2020-2027

8.4.5.2 Market Estimates & Forecast by Operations, 2020-2027

8.4.5.3 Market Estimates & Forecast by Type, 2020-2027

8.4.5.4 Market Estimates & Forecast by Well Type, 2020-2027

8.4.6 Japan

8.4.6.1 Market Estimates & Forecast, 2020-2027

8.4.6.2 Market Estimates & Forecast by Operations, 2020-2027

8.4.6.3 Market Estimates & Forecast by Type, 2020-2027

8.4.6.4 Market Estimates & Forecast by Well Type, 2020-2027

8.4.7 India

8.4.7.1 Market Estimates & Forecast, 2020-2027

8.4.7.2 Market Estimates & Forecast by Operations, 2020-2027

8.4.7.3 Market Estimates & Forecast by Type, 2020-2027

8.4.7.4 Market Estimates & Forecast by Well Type, 2020-2027

8.4.8 Rest of Asia Pacific

8.4.8.1 Market Estimates & Forecast, 2020-2027

8.4.8.2 Market Estimates & Forecast by Operations, 2020-2027

8.4.8.3 Market Estimates & Forecast by Type, 2020-2027

8.4.8.4 Market Estimates & Forecast by Well Type, 2020-2027

8.5 Rest of the World

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Operations, 2020-2027

8.5.3 Market Estimates & Forecast by Type, 2020-2027

8.5.4 Market Estimates & Forecast by Well Type, 2020-2027

9 Competitive Landscape


10 Company Profile

10.1 GE Oil and Gas (U.S.)

10.1.1 Company Overview

10.1.2 Product/Services Offering

10.1.3 Financial Overview

10.1.4 Key Developments

10.1.5 Strategy

10.1.6 SWOT Analysis

10.2 Weatherford International (U.S.)

10.2.1 Company Overview

10.2.2 Product /Services Offering

10.2.3 Financial Overview

10.2.4 Key Developments

10.2.5 Strategy

10.2.6 SWOT Analysis

10.3 Schlumberger (U.S.)

10.3.1 Company Overview

10.3.2 Product /Services Offering

10.3.3 Financial Overview

10.3.4 Key Developments

10.3.5 Strategy

10.3.6 SWOT Analysis

10.4 Superior Energy Services (U.S.)

10.4.1 Company Overview

10.4.2 Product /Services Offering

10.4.3 Financial Overview

10.4.4 Key Developments

10.4.5 Strategy

10.4.6 SWOT Analysis

10.5 Pioneer Energy Services Corp. (U.S.)

10.5.1 Company Overview

10.5.2 Product /Services Offering

10.5.3 Financial Overview

10.5.4 Key Developments

10.5.5 Strategy

10.5.6 SWOT Analysis

10.6 C&J Energy Services Ltd. (U.S.)

10.6.1 Company Overview

10.6.2 Product /Services Offering

10.6.3 Financial Overview

10.6.4 Key Developments

10.6.5 Strategy

10.6.6 SWOT Analysis

10.7 National Oilwell Varco, Inc. (U.S.)

10.7.1 Company Overview

10.7.2 Product /Services Offering

10.7.3 Financial Overview

10.7.4 Key Developments

10.7.5 Strategy

10.7.6 SWOT Analysis

10.8 Halliburton (U.S.)

10.8.1 Company Overview

10.8.2 Product /Services Offering

10.8.3 Financial Overview

10.8.4 Key Developments

10.8.5 Strategy

10.8.6 SWOT Analysis

10.9 Basic Energy Services, Inc. (U.S.)

10.9.1 Company Overview

10.9.2 Product /Services Offering

10.9.3 Financial Overview

10.9.4 Key Developments

10.9.5 Strategy

10.9.6 SWOT Analysis

10.10 Wild Well Control Inc. (U.S.)

10.10.1 Company Overview

10.10.2 Product /Services Offering

10.10.3 Financial Overview

10.10.4 Key Developments

10.10.5 Strategy

10.10.6 SWOT Analysis

10.11 Wireline Engineering Ltd. (UK)

10.11.1 Company Overview

10.11.2 Product /Services Offering

10.11.3 Financial Overview

10.11.4 Key Developments

10.11.5 Strategy

10.11.6 SWOT Analysis

10.12 CGG (France)

10.12.1 Company Overview

10.12.2 Product /Services Offering

10.12.3 Financial Overview

10.12.4 Key Developments

10.12.5 Strategy

10.12.6 SWOT Analysis

10.13 SGS (Switzerland)

10.13.1 Company Overview

10.13.2 Product /Services Offering

10.13.3 Financial Overview

10.13.4 Key Developments

10.13.5 Strategy

10.13.6 SWOT Analysis


List of Tables

Table 1 Global Well Completion Market: By Region, 2020-2027

Table 2 North America Well Completion Market: By Country, 2020-2027

Table 3 Europe Well Completion Market: By Country, 2020-2027

Table 4 Asia Pacific Well Completion Market: By Country, 2020-2027

Table 5 RoW Well Completion Market: By Country, 2020-2027

Table 6 Global Well Completion Market by Operations Market: By Regions, 2020-2027

Table 7 North America Well Completion Market by Operations: By Country, 2020-2027

Table 8 Europe Well Completion Market by Operations: By Country, 2020-2027

Table 9 Asia Pacific Well Completion Market by Operations: By Country, 2020-2027

Table 10 RoW Well Completion Market by Operations: By Country, 2020-2027

Table 11 Global Well Completion Market, by Type, By Regions, 2020-2027

Table 12 North America Well Completion Market, by Type, By Country, 2020-2027

Table 13 Europe Well Completion Market, by Type, By Country, 2020-2027

Table 14 Asia Pacific Well Completion Market, by Type, By Country, 2020-2027

Table 15 RoW Well Completion Market, by Type, By Country, 2020-2027

Table 16 Global Well Completion Market, by Well type, By Regions, 2020-2027

Table 17 North America Well Completion Market, by Well type, By Country, 2020-2027

Table 18 Europe Well Completion Market, by Well type, By Country, 2020-2027

Table 19 Asia Pacific Well Completion Market, by Well type, By Country, 2020-2027

Table 20 RoW Well Completion Market, by Well type, By Country, 2020-2027

Table 21 Global Well Completion Market: By Region, 2020-2027

Table 22 Global Well Completion Market: By Region, 2020-2027

Table 23 Global Well Completion Market: By Region, 2020-2027

Table 24 North America Well Completion Market, By Country

Table 25 North America Well Completion Market, by Operations

Table 26 North America Well Completion Market, By Type

Table 27 North America Well Completion Market, By Well Type

Table 28 Europe: Well Completion Market, By Country

Table 29 Europe: Well Completion Market, by Operations

Table 30 Europe: Well Completion Market, By Type

Table 31 Europe: Well Completion Market, By Well Type

Table 32 Europe: Well Completion Market, By Well type

Table 33 Asia Pacific: Well Completion Market, By Country

Table 34 Asia Pacific: Well Completion Market, by Operations

Table 35 Asia Pacific: Well Completion Market, By Type

Table 36 Asia Pacific: Well Completion Market, By Well Type

Table 37 RoW: Well Completion Market, By Region

Table 38 RoW Well Completion Market, by Operations

Table 39 RoW Well Completion Market, By Type

Table 40 RoW Well Completion Market, By Well type




List of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL WELL COMPLETION MARKETSHARE, BY END-USE, 2020 (%)

FIGURE 9 GLOBAL WELL COMPLETION MARKET, BY END-USE, 2020-2027 (USD MILLION)

FIGURE 10 GLOBAL WELL COMPLETION MARKETSHARE, BY TYPE, 2020 (%)

FIGURE 11 GLOBAL WELL COMPLETION MARKET, BY TYPE, 2020-2027 (USD MILLION)

FIGURE 12 GLOBAL WELL COMPLETION MARKET SHARE (%), BY REGION, 2020

FIGURE 13 GLOBAL WELL COMPLETION MARKET, BY REGION, 2020-2027 (USD MILLION)

FIGURE 14 NORTH AMERICA WELL COMPLETION MARKETSHARE (%), 2020

FIGURE 15 NORTH AMERICA WELL COMPLETION MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 16 EUROPE WELL COMPLETION MARKETSHARE (%), 2020

FIGURE 17 EUROPE WELL COMPLETION MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 18 ASIA PACIFIC WELL COMPLETION MARKETSHARE (%), 2020

FIGURE 19 ASIA PACIFIC WELL COMPLETION MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 20 REST OF THE WORLD WELL COMPLETION MARKETSHARE (%), 2020

FIGURE 21 REST OF THE WORLD WELL COMPLETION MARKETBY COUNTRY, 2020-2027 (USD MILLION)