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Worldwide Liner Hanger System Industry to 2025 - Increasing Demand from the Offshore Sector - ResearchAndMarkets.com - Press Release


Drill Quip Inc.
Increasing Demand from the Offshore Sector
The offshore oil and gas industry accounts for about 30% of the global crude oil production. The Middle East, North Sea, Brazil, and the Gulf of Mexico are the major offshore oil and gas producing regions.
In 2017, around 40% of shallow water oil production came from mature regions, such as Europe, North America, and Asia-Pacific. The mechanical liner hangers are deployed in shallow waters, as they are relatively less expensive and technically less challenging for the operators to explore and drill. These systems are in high demand, where the well construction cost is the key priority for the customer. ....

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Intelligent Well Completion Market – Global Growth, Trends, and Forecasts 2020-2025 – ResearchAndMarkets.com


ResearchAndMarkets.com’s offering.
The intelligent well completion market is expected to grow at a CAGR of more than 1.0% over the period of 2020-2025
Factors such as increasing production from conventional and unconventional resources and reducing maintenance costs of the well are expected to drive the market. However, volatility in crude oil and natural gas prices may restrain the growth of the market.
Oil and gas production is expected to continue to be a vital part of meeting global energy demand, and the offshore segment is expected to grow fastest in the forecast period. Increasing advancements in technologies are expected to aid the growth of the segment. ....

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Global Oil and Gas Swell Packers (Onshore & Offshore) Market Report 2020-2025


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ResearchAndMarkets.com s offering.
The oil and gas swell packers market is expected to rise with a CAGR of more than 1.5% during the forecast period of 2020-2025
Increasing production of oil and gas, along with rapidly growing drilling and completion operations in oil and gas fields, are likely to drive the oil and gas swell packers market. However, the volatile oil prices are expected to slow downstream activities expected to restrain the oil and gas swell packers market.
Due to the increased completion of drilling and workover activities, the onshore segment is likely to dominate the oil and gas swell packers market during the forecast period. In 2019, the increase in natural gas production was about 3.3%, which is likely to drive the market. ....

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