NEW YORK, Sept. 2, 2015 /PRNewswire/ — About well completion equipment

Well completion refers to the activities of making a well capable of production. It involves conditioning a well bottom to the required specification. Principally, well completion incorporates steps such as running the production casing and tubing, perforation, assembling sand control systems (gravel packing and screens), placing the liner, installation of the wellhead equipment, and bottom hole production cementing. Wellhead equipment is installed on the surface of the well, which serves as the main pressure control equipment and connection to the bottom hole as the casing strings are suspended. A tubing hanger provides the main support to the production tubing and is situated in the wellhead assembly. The production tubing runs from the tubing hanger to the production zone and provides the main conduit for oil and gas from the production zone to the surface. The packer is placed near the foot of the tubing, above the production zone, and isolates the annulus between the production zone and the production tubing and casing. The perforation guns are used to punch holes in the production tubing and casing to provide a path for the reservoir fluids to flow into the tubing. Intelligent well equipment such as temperature and pressure sensors, transmission systems, and remote control systems are integrated with other well completion equipment to minimize completion fluid and reservoir fluid losses, maintain well integrity, maximize production, and manage reservoirs.

Technavio’s analysts forecast the well completion equipment market in Middle East to grow at a CAGR of 4.7% over the period 2014-2019.

Covered in this report
The report includes the present scenario and the growth prospects of the well completion equipment market in Middle East for the period 2015-2019. The market can be segmented on the basis of equipment.

Technavio’s report, Well Completion Equipment Market in Middle East 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a discussion of the key vendors operating in this market.

Key countries
Saudi Arabia
Iran
Iraq
– UAE
Kuwait

Key vendors
– Baker Hughes
– Halliburton
– Schlumberger
– Superior Energy Services
– Weatherford International

Other prominent vendors
– Casewell Services
– Crossover
H.P. Well Screen
– Patterson Services
– Performance Wellhead & Frac Components
– Red Spider Technology
– TAM International
– T I W Corp.

Market driver
– Increase in global oil and gas demand
– For a full, detailed list, view our report

Market challenge
– Increase in geopolitical issues
– For a full, detailed list, view our report

Market trend
– Advances in technology
– For a full, detailed list, view our report

Key questions answered in this report
– What will the market size be in 2019 and what will the growth rate be?
– What are the key market trends?
– What is driving this market?
– What are the challenges to market growth?
– Who are the key vendors in this market space?
– What are the market opportunities and threats faced by the key vendors?
– What are the strengths and weaknesses of the key vendors?

Read the full report: http://www.reportlinker.com/p03200315-summary/view-report.html

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