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Global Zonal Isolation Market to be driven by Rising Shale Gas Exploration Activities

Article Description

Zonal isolation is one of the major steps in the well completion and intervention activity. This step ensures the isolation of oil or gas producing zone of the well from its surroundings by restricting the cross flow of oil, gas, and water. Well operators implement various techniques to isolate a particular zone. Conventional technique of zonal isolation includes filling of cement between casings and well bore to provide zonal isolation throughout the life of a well. However, in the past couple of years, a number of chemical and mechanical techniques have been introduced to create zonal isolation. Adoption of these techniques depends on several parameters such as depth of well, type of oil or gas producing zone, temperature of wellbore, and wellbore geometry. Cost of zonal isolation accounts for 2%-5% of the total well completion cost. 

The growing demand for oil and gas has led to the rise in exploration and drilling activities, particularly in the offshore areas. This, in turn, has propelled the growth of the global zonal isolation market. Extensive shale gas exploration in countries such as the U.S. has also significantly augmented the demand for zonal isolation. However, the market relies heavily on the prices of crude oil. As a result, the volatility of crude oil prices is expected to negatively affect the growth of the market in the coming years.

Browse Full Global Zonal Isolation Market Report with TOC :http://www.mrrse.com/zonal-isolation-market

Offshore Zonal Isolation Dominated Global Zonal Isolation Market in 2014

On the basis of technology, the global zonal isolation market has been broadly segmented into mechanical zonal isolation and chemical zonal isolation. Mechanical zonal isolation has been further segmented into packers, sliding sleeves, plugs, and perforated/slotted liners. Chemical zonal isolation has been sub-segmented into monomer systems, polymer gels, elastomers, bio polymers, and others. In 2014, chemical zonal isolation dominated the overall market.

In terms of application, the global zonal isolation market has been categorized into offshore zonal isolation and onshore zonal isolation. In terms of revenue, offshore zonal isolation held the majority share in the market in 2014.

Growing Demand from Asia Pacific to Drive Growth of Global Zonal Isolation Market

The global zonal isolation market has been segmented into five key regions: Asia Pacific, North America, Europe, the Middle East, and Rest of the World. In 2014, North America was the largest market for zonal isolation, closely followed by Europe and the Middle East. However, during the period between 2016 and 2024, Asia Pacific is anticipated to register growth at the highest pace owing to rapid economic development and exploration of unconventional reserves in the region. Extensive drilling activities and supporting government regulations in several countries such as India and China will augment the growth of the Asia Pacific zonal isolation market.

Key Players in Global Zonal Isolation Market

Some of the prominent players operating in the global zonal isolation market are Superior Energy Services Inc., Schlumberger Limited, Weatherford International, Halliburton Company, Baker Hughes Inc., Trican Well Service Ltd., Aker Solutions ASA, Nabors Industries Ltd., Expro International Group Holdings Ltd., and Tendeka.