Zonal Isolation Market Size By Application (Onshore, Offshore {Shallow, Deep, Ultra-Deep}), By Method (Mechanical {Sliding Sleeves, Packers, Perforated/Slotted Liners, Plugs}, Chemical {Polymer Gels, Monomer Systems, Bio Polymers, Elastomers, Others}), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024

Published Date: Jan 2019  |  Report ID: GMI766  |  Authors: Ankit Gupta, Aditya Singh Bais

Report Format: PDF   |   Pages: 320   |   Base Year: 2017




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Zonal Isolation Market size for 2017 was valued over USD 22.5 billion and is expected to grow over 6% by 2024.
 

Russia Zonal Isolation Market Size, By Method, 2017 & 2024 (USD Million)

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Growing emphasis toward the Exploration and Production (E&P) of oil & gas wells coupled with increasing investments toward offshore activities will boost the market. As per the International Energy Agency (IEA), the yearly capital expenditure for the offshore O&G production activities in Brazil alone will reach to USD 60 billion by the year 2040. In addition, constant efforts to improve the production efficiency of the aging oil wells will further stimulate the industry growth.
 

Increasing capital expenditure budgets in proportion to the rising oil & gas demand is propelling the demand for oil field equipment & services which in turn will drive the market. Rising focus toward the exploration of deep and ultradeep wells on account of their high potentiality will stimulate the deep-water drilling activities thereby enhancing the industry landscape.
 

Rising government focus toward enhancing the production from mature oil fields along with ongoing investments to improve the efficiency of production wells will boost the market. In addition, increasing investments toward subsea production on account of advancing deep water drilling technologies will further boost the industry outlook.
 

Zonal Isolation Market Report Coverage
Report Coverage Details
Base Year: 2017 Market Size in 2017: 22.5 Billion (USD)
Historical Data for: 2013 to 2017 Forecast Period: 2018 to 2024
Forecast Period 2018 to 2024 CAGR: 6% 2024 Value Projection: 33 Billion (USD)
Pages: 320 Tables, Charts & Figures: 576
Geographies covered (33): U.S., Canada, Mexico, UK, Norway, Netherlands, Romania, Poland, Russia, China, India, Indonesia, Malaysia, Thailand, Australia, Vietnam, Oman, Saudi Arabia, UAE, Qatar, Iran, Kuwait, Turkey, Egypt, Algeria, Angola, Nigeria, Brazil, Argentina, Chile, Peru, Bolivia, Colombia
Segments covered: Application, Method and Region
Companies covered (17): Archer Limited, Calfrac Well Services Ltd., National Oilwell Varco, Superior Energy Services, Inc., Trican Well Services Ltd., Omega Well Intervention Ltd., Expro Holdings UK , Ltd, Schlumberger Limited, Helix Energy Solutions Inc., Altus Intervention Limited, Oceaneering International, Inc., Hunting Energy Services, Inc., Welltec A/S, General Electric, Halliburton, Saltel Industries, Weatherford International
Growth Drivers:
  • Increasing production from offshore fields
  • Rising focus toward redevelopment of mature fields
Pitfalls & Challenges:
  • Geopolitical uncertainty
  • Volatile crude oil prices

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Zonal Isolation Market, By Application

Australia Zonal Isolation Market Size, By Offshore Application, 2017
Australia Zonal Isolation Market Size, By Offshore Application, 2017

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Ongoing development of the existing oil & gas deposits to enhance the production capabilities along with the redevelopment of mature fields will boost the onshore zonal isolation market size. Increasing number of onshore drilling activities coupled with availability of proved oil reserves will further propel the business growth. In 2017, Noble Energy declared to allocate USD 1.8 billion with major focus toward DJ Basin, Eagle Ford and Delaware Basin for drilling and completion in the onshore region.
 

Offshore zonal isolation market will witness growth over 4.5% by 2024. Massive investments toward the exploration & production of oil & gas in the deep and ultra-deep waters will significantly stimulate the business growth. Accelerating government initiatives for potential expansion of drilling activities with regard to availability of larger oil reserves in deeper basins will further propel the industry landscape.
 

Zonal Isolation Market, By Method

Ability to enable flexibility in pumping & designing stimulation jobs along with favorable deployment economics will drive the mechanical zonal isolation market. Continuous efforts toward optimizing production within the existing oilfields along with reliable operations of these techniques in various environment settings will positively impact the product penetration.
 

Plug zonal isolation market is expected to grow over 5% by 2024. Ability to provide isolation across perforated intervals during wellbore stimulations, lost circulation control, directional drilling and formation testing will enhance the product penetration. Furthermore, greater applicability of plugs across depleted wells, dry hole formations and exploration wells will propel their adoption.
 

Chemical zonal isolation market will witness growth on account of its long-term stability and efficiency to operate in wide range of temperatures. The method further finds application across completions, reservoir and well bore problems. Enhanced applicability to isolate water and gas producing zones across the horizontal wells will further encourage the technology adoption.
 

Rising concerns pertaining to the hazardous impact of materials on the marine life will boost the biopolymer based zonal isolation market. The ability to offer various competencies including stability at higher temperatures, and improved compatibility with drilling fluid & cement are some of the prominent features stimulating the product adoption. Furthermore, its capability to effectively limit cement losses and to provide enhanced hole cleaning prior to the cement placement will propel the industry growth.
 

Zonal Isolation Market, By Region

The U.S. market, in 2017 was valued over USD 2.5 billion. Enhanced number of matured oil fields across the region along with favorable regulatory measures to permit drilling activities in the protected areas of Arctic & Antarctic will complement the business landscape. In addition, high production potential on account of extensive number of untapped oil reserves will further enhance the industry outlook.
 

The Middle East zonal isolation market will witness growth on account of increasing oil demand and ramping new drilling projects by countries including Saudi Arabia, the UAE and Qatar. For instance, Saudi Arabia has undertaken several initiatives to enhance its upstream O&G capabilities by signing a joint agreement between Saudi Aramco and Rowan Companies with regard to drilling equipment and services. Presence of large volume of proven oil reserves along with enhanced focus toward enhancing production of mature oil fields will further stimulate the industry growth.
 

Competitive Market Share

Key participants operating in the zonal isolation market includes Halliburton, Archer Limited, Calfrac Well Services, National Oilwell Varco, Superior Energy Services, Inc., Welltec A/S, Trican Well Services, Weatherford International, Saltel Industries, Hunting PLC, Oceaneering International Limited and Helix Energy Solutions amongst others.
 

Introduction of mergers, acquisitions and technological innovations by industry players across the industry has helped in improving the business dynamics. In addition, continuous R&D investments toward improving the production efficiency will further help in incorporating a favorable business scenario.
 

Zonal Isolation Industry Background

Zonal isolation is a process developed to prevent the contamination of underground oil & gas reserves by restricting the crossflow of these fluids between various layer formations. It is done to improve the production efficiency & safety throughout the life cycle of the well via the adoption of various mechanical and chemical methods.


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