October 18, 2017 - 7:01 AM EDT
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Global Sliding Sleeves Market 2017-2021 - Key Players are Baker Hughes, Halliburton, National Oilwell Varco, NCS Multistage & Schlumberger - Research and Markets


The "Global Sliding Sleeves Market 2017-2021" report has been added to Research and Markets' offering.

The global sliding sleeves market to grow at a CAGR of 4.40% during the period 2017-2021.

The sliding sleeve is one of the well completion tools that allows communication between the tubing and the annulus for well kill operation, circulation for tubing or annulus, and selective zone production. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market. To calculate the market size, the report considers the new installations and exclude spares and aftermarket.

The latest trend gaining momentum in the market is Big data analytics integration with upstream operations. With the decreasing profit margins, owing to the increased production costs and low crude oil prices, the oil and gas industry is focused on managing operational costs to maintain incremental profit margins and cash flow.

Artificial lift systems are a way to extend the useful life of a production well without incurring additional costs, but they introduce additional equipment risk and process volatility. Artificial lift optimization is a complex process that involves several resources and substantial operational expenses. Unplanned maintenance can also result in long outages that reduce cash flow.

According to the report, one of the major drivers for this market is Rise in unconventional oil and gas resources. Unconventional oil and gas resources comprise shale gas, coal bed methane, gas hydrates, tight oil, oil sands, and others. These resources are difficult to exploit and costly to produce. Technological advances and operational efficiencies have driven cost reductions, thus spurring the exploitation of unconventional resources.

The shale gas boom in the US saw the rise of unconventionally produced natural gas supplies. The huge discoveries of oil sands in Canada have shown the unlimited opportunities for oil exploration. As the energy focus shifts toward natural gas, unconventional resources such as coal bed methane (CBM) and underground coal gasification (UCG) have seen considerable growth.

Key vendors

  • Baker Hughes
  • Halliburton
  • National Oilwell Varco
  • NCS Multistage
  • Schlumberger

Other prominent vendors

  • American Completion Tools
  • Beijing Yilong Hengye Petroleum Engineering Technology
  • China Vigor Drilling Oil Tools And Equipment
  • Choice Completion Systems
  • D&L Oil Tools
  • Dynamic Oilfield Technology
  • Evolution Oil Tools
  • Gflow
  • Giant Oil Tools
  • Gryphon Oilfield Solutions
  • Lone Star Oilfield Services
  • MADDON Oilfield Services
  • Magnum Oil Tools
  • Map Oil Tools
  • Ovo Eguono Nigeria
  • Packers Plus Energy Services
  • Parveen Industries
  • Peak Completion Technologies
  • PetroInnovations
  • R & D Solutions
  • Resource Well Completion Technologies
  • Select Energy Systems
  • Shengli Highland Oilfield Services
  • Team Oil Tools
  • Top Tools The Oilfield Partner

For more information about this report visit https://www.researchandmarkets.com/research/tp7t8c/global_sliding

Research and Markets
Laura Wood, Senior Manager
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Related Topics: Oilfield Equipment and Services

Source: Business Wire (October 18, 2017 - 7:01 AM EDT)

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