Global Smart Well Market 2017-2021

  • ID: 4032407
  • Report
  • Region: Global
  • 89 pages
  • TechNavio
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FEATURED COMPANIES

  • Baker Hughes
  • INTECH process automation
  • RPC Inc
  • Schlumberger
  • Superior Energy Services
  • Weatherford International
  • MORE
About Smart Well

The global smart well market is expected to witness significant growth during the forecast period. The growth of the market is mainly attributed to the increasing demand for oil and gas across the globe. The development of this market is dependent on the efficiency of the smart well, advancement in equipment technology and the increase in investments by market vendors. The growth of smart well market is directly linked to the growth in drilling and completion activities across the globe.

Analysts forecast the global smart well market to grow at a CAGR of 4.48% during the period 2017-2021.

Covered in this Report:

The report covers the present scenario and the growth prospects of the global smart well market for 2017-2021. To calculate the market size, the report considers the revenue generated from the retail sales of haircare products to individual consumers and salons.

The Market is Divided Into the Following Segments Based on Geography:

Americas
APAC
EMEA

Global Smart Well Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

The report also includes a a discussion of the key vendors operating in this market.

Key Vendors:

Baker Hughes
Halliburton
National Oilwell Varco
Schlumberger
Weatherford International

Other Prominent Vendors:

Statoil
Salym Petroleum
Woodside Energy
Emerson process management
INTECH process automation
Nabors Completion & Production Services
RPC Inc.
Superior Energy Services
Trican Well Services
Welltec International AS

Market Drivers:

Migration of drilling into unconventional areas.
For a full, detailed list, view the full report

Market Challenges:

Decreasing investment in oil and gas industry.
For a full, detailed list, view the full report

Market Trends:

Increase in Deepwater and ultra-Deepwater exploration.
For a full, detailed list, view the full report

Key Questions Answered in this Report:
- What will the market size be in 2021 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?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
2 of 6

FEATURED COMPANIES

  • Baker Hughes
  • INTECH process automation
  • RPC Inc
  • Schlumberger
  • Superior Energy Services
  • Weatherford International
  • MORE
Part 01: Executive summary

Part 02: Scope of the report
Market overview
Top-vendor offerings

Part 03: Market research methodology
Research methodology
Economic indicators

Part 04: Introduction
Key market highlights
Technological overview

Part 05: Market landscape
Market overview
Market size and forecast
Five forces analysis

Part 06: Market segmentation by application
Global smart well by application 2016-2021
Global smart well market by onshore
Global smart well market by offshore

Part 07: Geographical segmentation
Global smart well market by geography 2016-2021
Global smart well market in the Americas
Global smart well market in EMEA
Global smart well market in APAC

Part 08: Market drivers
Migration of drilling into unconventional areas
Increased use of horizontal and multilateral wells
Focus on reduction of non-productive time (NPT)
Constant demand for oil and gas

Part 09: Impact of drivers

Part 10: Market challenges
Decreasing investment in oil and gas industry
Uncertainties associated with low crude oil prices
Cyber security concerns

Part 11: Impact of drivers and challenges

Part 12: Market trends
IT integration and digitization of oil fields
Increase in Deepwater and ultra-Deepwater exploration
Fluctuation in oil rigs

Part 13: Vendor landscape
Competitive Scenario
Other prominent vendors

Part 14: Key vendor analysis
Baker Hughes
Halliburton
National Oilwell Varco
Schlumberger
Weatherford International

Part 15: Appendix
List of abbreviations

Part 16: Extras

List of Exhibits
Exhibit 01: Key countries in each region
Exhibit 02: Product offerings
Exhibit 03: Oil and gas market value chain
Exhibit 04: Petroleum upstream activities stages
Exhibit 05: Elements of smart well
Exhibit 06: Economic driver of smart well systems and technologies
Exhibit 07: Smart or intelligent well control system installation while well control
Exhibit 08: Schematic diagram of smart well for three separate inflows zonal isolation (packer) and inflow control valves
Exhibit 09: Monitoring and metering data specifications
Exhibit 10: Global smart well market
Exhibit 11: Global smart well market 2016-2021 ($ billions)
Exhibit 12: Five forces analysis
Exhibit 13: Global Smart well by application 2016-2021 (%)
Exhibit 14: Global smart well by application 2016-2021 ($ billion)
Exhibit 15: Global smart well market by onshore 2016-2021 ($ billion)
Exhibit 16: Global smart well market by offshore 2016-2021 ($ billion)
Exhibit 17: Global smart well market by geography 2016-2021 (%)
Exhibit 18: Global smart well market by geography 2016-2021 ($ billion)
Exhibit 19: Global smart well market in the Americas 2016-2021 ($ billions)
Exhibit 20: US offshore rig count 2015-2016
Exhibit 21: US onshore rig count 2015-2016
Exhibit 22: Global smart well market in EMEA 2016-2021 ($ billions)
Exhibit 23: Global Smart well market in APAC 2016-2021 ($ billions)
Exhibit 24: Oil and natural gas produced from tight oil and shale gas in US 2005-2020
Exhibit 25: Shifting bases of hydrocarbon exploration
Exhibit 26: Different well types
Exhibit 27: Illustration showing different well types
Exhibit 28: Global oil demand (thousands of barrels per day)
Exhibit 29: Impact of drivers
Exhibit 30: Global crude oil price volatility over last decade 2007-2016 ($/bbl)
Exhibit 31: Impact of drivers and challenges
Exhibit 32: Evolution digital oil field
Exhibit 33: Overview of digital oilfield technologies
Exhibit 34: Other prominent vendors of smart well product and solutions
Exhibit 35: Business segmentation by revenue 2015
Exhibit 36: Geographical segmentation by revenue 2015
Exhibit 37: Product portfolio of Baker Hughes
Exhibit 38: Business segmentation by revenue 2015
Exhibit 39: Geographical segmentation by revenue 2015
Exhibit 40: Product portfolio of Halliburton
Exhibit 41: Product portfolio of National Oilwell Varco
Exhibit 42: Business segmentation by revenue 2015
Exhibit 43: Geographical segmentation by revenue 2015
Exhibit 44: Product portfolio of Schlumberger
Exhibit 45: Weatherford: Business segmentation by revenue 2015
Exhibit 46: Product portfolio of Weatherford International
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Baker Hughes
  • INTECH process automation
  • RPC Inc
  • Schlumberger
  • Superior Energy Services
  • Weatherford International
  • MORE
PR
Global Smart Well Market 2017-2021

Key players in the global smart well market: Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger, and Weatherford International.

Other Prominent Vendors in the market are: Statoil, Salym Petroleum, Woodside Energy, Emerson process management, INTECH process automation, Nabors Completion & Production Services, RPC Inc., Superior Energy Services, Trican Well Services, and Welltec International AS.

Commenting on the report, an analyst said: “One trend in market is IT integration and digitization of oil fields. The recent fall in oil prices has reduced oilfield services companies' profit margins. This has led to companies leveraging the use of IT to improve efficiencies and reduce operational losses. Oilfield services companies have billions of dollars invested in assets. Integrating IT with software such as total asset managers and DrillNet has allowed for continuous monitoring to find any irregularities in the performance of equipment that can be fixed immediately. This helps reduce not only maintenance time, but also failure of devices that could result in the loss of millions of dollars due to downtime and delay in the completion of a project.”

According to the report, one driver in market is migration of drilling into unconventional areas. Oil companies are managing unconventional oil and gas resources like tight oil, shale gas, shale oil, and coal bed methane. Oil industry requires advanced on-site processing equipment so that it can enhance overall oil recovery and increase ROI. The smart well technologies play a crucial role in maintaining the financial stability as well as improving the drilling activity by providing necessary details and readings regarding the reservoirs characteristics. The added advantage of smart well technologies is that they provide real-time information which prevents accidents and uncertainties while drilling.

Further, the report states that one challenge in market is decreasing investment in oil and gas industry. Investments in oil and gas industry declined in 2015 due to plunging oil and gas prices. Total, a leading oil and gas product company announced a reduction in its upstream expenditure in 2016. The company declared plans to reduce the CAPEX from $28 billion in 2013 to $21 billion in 2016. REPSOL (a global energy company) declared a 40% reduction in its upstream expenditure in 2016 as compared to 2014. In its latest Strategic Plan, the firm readjusted its upstream focus on only three regions till 2020- North America, Latin America, and Southeast Asia. The company also aims to sell off $7 billion worth of upstream and downstream assets by 2020. Deepwater projects normally require big investments, hence most of the deep-water projects have either been deferred or shelved.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Baker Hughes
  • Halliburton
  • National Oilwell Varco
  • Schlumberger
  • Weatherford International
  • Statoil
  • Salym Petroleum
  • Woodside Energy
  • Emerson process management
  • INTECH process automation
  • Nabors Completion & Production Services
  • RPC Inc
  • Superior Energy Services
  • Trican Well Services
  • Welltec International AS
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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