Zonal Isolation Market
REPORT DESCRIPTION
Zonal Isolation Market - Global Industry Analysis , Size , Share , Growth Trends , and Forecast 2016 - 2024
Transparency Market Research has released a new market report titled , “ Zonal Isolation Market - Global Industry Analysis , Size , Share , Growth Trends , and Forecast 2016 - 2024 .” According to this report , the global zonal isolation market was valued at US $ 14.80 bn in 2014 and is projected to reach US $ 27.88 bn by 2024 at a CAGR of 6.6 % from 2016 to 2024 .
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Traditionally , cementing technique has been used by operators to provide zonal isolation throughout the life of a well . However , in the past few years , several mechanical and chemical techniques have been developed to prevent cross flow of water , gas , or oil between different formations . Mechanical zonal isolation consists of the use of several mechanical equipment such as sliding sleeves , packers , perforated / slotted liners , and plugs . Chemical zonal isolation , on the other hand , comprises the use of polymer gels , monomer systems , bio polymers , and elastomers .
Multiple technologies along with primary and remedial cementing are deployed by well operators for isolating a particular zone during well completion and intervention . Deployment of such techniques depends on several well parameters such as type of producing zone ( oil or gas ), depth of well , wellbore geometry , and temperature of the wellbore . Zonal isolation is considered very critical for developing unconventional resources . It is very essential to predict flow rates to successfully design and implement multistage hydraulic fracturing in low permeable shale gas reserves . Cost of isolating a particular zone is generally 2 % -5% of the total well completion cost . Shift of exploration activities from onshore to offshore areas coupled with increasing focus toward the development of unconventional reserves has spurred the market for the zonal isolation across the globe .
The zonal isolation market has been segmented on the basis of technology and application . Based on technology , the market has been segmented into mechanical and chemical zonal isolation . However , on the basis of application , the market has been segmented into offshore and onshore zonal isolation . Chemical zonal isolation holds the highest market share in terms of technology . However , in terms of application , offshore zonal isolation holds the highest market share . Key players in the zonal isolation market are Schlumberger Limited , Superior Energy Services , Inc ., Weatherford
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