Well Casing Market Global Market Opportunity Assessment Study 2024.
Global Well Casing Market: Description
Once a well is drilled for oil or gas exploration, the raw sides of the well cannot support themselves. Hence, casing is done to stabilize and keep the sides of the well from caving in. Furthermore, casing protects the well-stream from external contaminants and prevents groundwater from getting polluted by oil or gas produced. Casing a recently drilled well includes running a steel pipe down the insides of the well. The gap between the untreated sides of the well and casing is cemented to set the casing permanently. The global well casing market is witnessing a positive growth with increase in number of oil and gas exploration activities.
Casing usually occurs in sections that are 40 feet long. These casings are screwed together to form a long length of casing known as casing strings. In terms of equipment, the global well casing market has been broadly categorized into casing equipment and cementation equipment. Casing and cementation equipment has been further segmented into float equipment, liners, centralizers, and wiper plugs. On the basis of application, the global well casing market has been divided into offshore and onshore casing. With depleting onshore oil and gas reserves, the demand for offshore oil and gas exploration is increasing.
Global Well Casing Market: Overview
The ever increasing demand for oil and gas is the key factor driving the growth of the global well casing market. Increase in both offshore and onshore oil and gas exploration activities has propelled the demand for well casing. Furthermore, depleting reserves of groundwater have made it essential to protect groundwater and aquifers during drilling operations. The implementation of various standards for oil and gas casing by regulatory authorities such as the American Petroleum Institute has also augmented the growth of the global well casing market. These standards specify the length, tensile strength, composition, and thickness of casing for a given well and are widely used for the selection of oil and gas casing.
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Casing of vertical or horizontal oil and gas wells is carried out through multiple steps, usually from the largest diameter casing to the smallest. In the first step, conductor casing is set to prevent the sides of the well from caving in. Once conductor casing is set, depending on regulatory requirements, drilling continues inside the conductor casing string to reach the lowest groundwater zone. Surface casing is done next with cement being pumped down to fill up the space between outside of the casing and raw sides of the well. Though the circulation of cement on surface casing is usually done across oil and gas wells, it is not mandatory. The main objective of surface casing is to isolate the groundwater zones.
Global Well Casing Market: Region-wise Outlook
The global well casing market has been segmented into four key regions: Europe, North America, Asia Pacific, and Rest of the World. In North America, the rise in exploration of shale reserves has boosted the growth of the well casing market. In Asia Pacific, countries such as China and Australia are witnessing significant rise in mining and drilling activities, thereby fuelling the demand for well casing.
Global Well Casing Market: Vendor Landscape
The global well casing market is highly fragmented. Some of the key players in the global well casing market are Weatherford International Ltd. (Ireland), Antelope Oil Tool & Manufacturing Company (U.S.), Vallourec S.A. (France), and Centek Group (U.K.). The market players are increasingly adopting innovative well casing technologies, along with focusing on partnerships and joint ventures, to expand their businesses. The market players are also shifting their focus on emerging economies where rapid industrialization is creating a huge scope for the growth of the global well casing market.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights to decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Mr.Sudip S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Once a well is drilled for oil or gas exploration, the raw sides of the well cannot support themselves. Hence, casing is done to stabilize and keep the sides of the well from caving in. Furthermore, casing protects the well-stream from external contaminants and prevents groundwater from getting polluted by oil or gas produced. Casing a recently drilled well includes running a steel pipe down the insides of the well. The gap between the untreated sides of the well and casing is cemented to set the casing permanently. The global well casing market is witnessing a positive growth with increase in number of oil and gas exploration activities.
Casing usually occurs in sections that are 40 feet long. These casings are screwed together to form a long length of casing known as casing strings. In terms of equipment, the global well casing market has been broadly categorized into casing equipment and cementation equipment. Casing and cementation equipment has been further segmented into float equipment, liners, centralizers, and wiper plugs. On the basis of application, the global well casing market has been divided into offshore and onshore casing. With depleting onshore oil and gas reserves, the demand for offshore oil and gas exploration is increasing.
Global Well Casing Market: Overview
The ever increasing demand for oil and gas is the key factor driving the growth of the global well casing market. Increase in both offshore and onshore oil and gas exploration activities has propelled the demand for well casing. Furthermore, depleting reserves of groundwater have made it essential to protect groundwater and aquifers during drilling operations. The implementation of various standards for oil and gas casing by regulatory authorities such as the American Petroleum Institute has also augmented the growth of the global well casing market. These standards specify the length, tensile strength, composition, and thickness of casing for a given well and are widely used for the selection of oil and gas casing.
View exclusive Global strategic Business report : http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=11951
Casing of vertical or horizontal oil and gas wells is carried out through multiple steps, usually from the largest diameter casing to the smallest. In the first step, conductor casing is set to prevent the sides of the well from caving in. Once conductor casing is set, depending on regulatory requirements, drilling continues inside the conductor casing string to reach the lowest groundwater zone. Surface casing is done next with cement being pumped down to fill up the space between outside of the casing and raw sides of the well. Though the circulation of cement on surface casing is usually done across oil and gas wells, it is not mandatory. The main objective of surface casing is to isolate the groundwater zones.
Global Well Casing Market: Region-wise Outlook
The global well casing market has been segmented into four key regions: Europe, North America, Asia Pacific, and Rest of the World. In North America, the rise in exploration of shale reserves has boosted the growth of the well casing market. In Asia Pacific, countries such as China and Australia are witnessing significant rise in mining and drilling activities, thereby fuelling the demand for well casing.
Global Well Casing Market: Vendor Landscape
The global well casing market is highly fragmented. Some of the key players in the global well casing market are Weatherford International Ltd. (Ireland), Antelope Oil Tool & Manufacturing Company (U.S.), Vallourec S.A. (France), and Centek Group (U.K.). The market players are increasingly adopting innovative well casing technologies, along with focusing on partnerships and joint ventures, to expand their businesses. The market players are also shifting their focus on emerging economies where rapid industrialization is creating a huge scope for the growth of the global well casing market.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights to decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Mr.Sudip S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com