Well Completion Equipment and Services Market
                     Research Report and Overview on Well Completion Equipment and Services
Market, 2018 to 2026
Well completion is the process of making oil and gas well capable of production after drilling is 
accomplished to signified depth. It comprises entire completion processes, which include running 
the production tubing, setting the downhole tools, and numerous other operations, which are 
carried out for making the well ready for production. Furthermore, the process of stimulation to 
improve the productivity of a well is also involved in well completion operation.Global Well 
Download PDF Brochure: https://www.coherentmarketinsights.com/insight/request-pdf/1282
Completion Equipment and Services Market Taxonomy
Global Well Completion Equipment and Services market is segmented into:
 By Equipment
•Packers
•Permanent Packer
•Retrievable Packer
•Retrievable Tension Packer
•Retrievable Compression Packer with Bypass
•Wireline Set – Tubing Retrievable
•Retrievable Tension/Compression Set – Versatile Landing
•Retrievable Hydraulic Set Single String Packer
•Dual String Packer
•Permanent and Retrievable Sealbore Packer
•Others
•Perforation/Fracturing Tools
•Laser
•Hydraulic Punches
•Mechanical Punches
•Water Jet
•Others
Packers hold the largest market share in the well completion equipment and services market as it
provides numerous services such as zonal isolation, seal between inside of the casing and 
production tubing, wellbore wall, and other services. In 2017, TAM International Inc. an oilfield 
services company introduced casing annulus packers with the Deadbolt valve system, which is 
designed to run in harsh environments.
Onshore segment dominated the global well completion equipment and services market. According
to U.S. Energy Information Administration, in 2015 the Global onshore crude oil production was
71% and that of offshore was 29%. However, offshore oilfield activities are projected to be the
fastest growing segment, owing to growing offshore exploration and production activities in deep
and ultra-deep waters.
Request for customization:  https://www.coherentmarketinsights.com/insight/request-customization/
1282
Global Well Completion Equipment and Services Market Outlook
•North America dominated the market of well completion equipment and services in 2016.
Shale  gas  revolution  and  the  presence  of  major  players  has  further  driven  the  well
completion equipment  and services  market in this  region. According to Baker Hughes
Company, in 2017, the rig count in the U.S. was 940, which was up 431 from 509
counted in 2016. This has further resulted in increasing installation of well completion
equipment and thereby, has contributed to the overall growth of this market in North
America.
•Asia Pacific is projected to have a significant growth in the well completion equipment
and services market, owing to increasing energy demand in the economies such as China,
India, and Indonesia. According to India Brand Equity Foundation (IBEF), India’s demand
for energy is anticipated to double from 700.50 MTOE (Million Tons of Oil Equivalent) in
2015  to  1,516  MTOE  in  2035.  Major  players  are  focused  on  enhancing  production
capacities to meet increasing demand of this region. For instance, in 2015, Pertamina
Corporation, Indonesia’s national oil company, purchased 30% of Murphy Oil’s assets in
Malaysia, aiming to enhance Indonesia’s hydrocarbon production from overseas assets.
•Middle East is the prominent market in well completion equipment and services. Many oil
and gas companies are seeking investments in this region in order to increase their profit
margin.  Moreover,  in  2015,  Afek Oil  and  Gas  Company limited,  subsidiary  of  Genie
Energy Ltd. (U.S.), discovered oil reserves in the Golan Heights, a Syrian territory, which
is occupied by Israel and is 10 times larger than an average oilfield.
The major players in well completion equipment and services include Halliburton Company, 
Schlumberger Ltd., Baker Hughes, Inc., Weatherford International Plc, National Oilwell Varco, 
Inc., Superior Energy Services, Nabors Industries Ltd., Trican Well Service Ltd., and Packers Plus 
Energy Services.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready
syndicated research reports, custom market analysis, consulting services, and competitive 
analysisthrough various recommendations related to emerging market trends, technologies, and 
potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]