Pressure pumping involves generating cracks and fractures through rocks by using pressurized fracturing fluid as well as pumping cement into well bore to complete it. Pressure pumping is required for completion, stimulation, intervention and other processes related to well lifecycle. Pressure pumping services are primarily used by cementing services, sand control services, acidizing services, and hydraulic fracturing services. Pressure pumping services have various advantages including enhancement of productivity of reserves which then improves asset value and investment return.
Industry Top Key Players:-
- Halliburton Company
- Saipem S.p.A.
- Weatherford International
- China Oilfield Services Ltd.
- Schlumberger Limited
- Baker Hughes
- Superior Energy Services
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The pressure pumping market has been segmented on the basis of well type which are land, and offshore. New reserves are found in deep water where drilling is a major challenge; however many suppliers offer pumps that have been particularly customized to withstand the rigors of offshore operations. This is where off shore pressure pumps come in handy. The market is also segmented on the basis of services, which is segmented into cementing, hydraulics and fracturing.
Schlumberger Limited. (SLB) shares have been by Findlay Park Partners LLP. Findlay Park Partners LLP grew its position in shares of Schlumberger Ltd. by 26.1% during the 1st quarter of 2018.
Baker Hughes and Snam are planning to develop liquefied natural gas (LNG) plants in Italy. The deal took place to push the need to use natural gas as a transport fuel across Europe. Snam plans to build four facilities in Italy to provide LNG for use in heavy-duty vehicles such as trucks.
Geographically, North America is leading among all the regions primarily due to presence of large number of major contractors and companies in this region. North America is projected to grow at a remarkable pace with the existing competition in the market and heavy investments in R&D for technological development. Also, rising shale gas price and increasing oil and gas exploration has led to the growth of the market in this region. Furthermore, progress in science and technology, availability of funding for oil and gas sector, a
- Pressure pumping Contractors
- Pressure pumping Suppliers
- Research and Development (R&D) Companies
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