Market Highlights
The sand control systems market is growing at a high pace and is expected to continue grow at the same pace over the forecast period. Due to fluctuating prices of crude oil, global sand control systems market is gaining traction from the major oil producing companies to lift production of active oilfields. According to MRFR analysis, the global sand control systems market is estimated to expand at a CAGR of 4.7% during the estimated period (2017-2023).
Sand control systems is one of the major parts in oil & gas production system. It helps eliminate the sand production in the wellbore. The system plays a major role in the completion process and it recovers the performance and the productivity of the well. Nowadays, most of the world’s oil and gas wells produced from unconsolidated sandstones produce sand with reservoir fluids. Problems associated with sand production include plugging of perforation tunnels, accumulation in surface separators, sanding up of the production interval, and potential failure of downhole and surface equipment from erosion. Such problems can pose economic and safety risks.
Competitive Landscape
Global sand control systems market seems to be extremely uneven and competitive owing to the presence of several large and medium players active in regional market. The key strategies traced from the analysis of recent developments of the key players include product launch, acquisition and expansion, agreement & partnership. Strategic partnerships between key players support the growth and expansion plans of the key players during the forecast period.
Prominent Players in the sand control systems market includes
- Schlumberger Limited (France),
- Halliburton Inc. (U.S.),
- Baker Hughes Incorporated (U.S.),
- Weatherford International (Switzerland),
- National Oilwell Varco (U.S.).
- Oil States International (U.S.),
- Tendeka (U.K),
- Welltec (Denmark),
- Packers Plus Energy Services Inc. (Canada),
- Superior Energy Services, Inc. (U.S.)
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Industry News
- In July 2017, National Oilwell Varco has launched the Bullmastiff Original (MO), an open hole, ball drop activated multistage frac system, which includes proppant and formation debris control. Preventing proppant flow back is achieved with the use of sand control systems that are exposed to post-frac to begin production. By using a mechanical method of sand control, the Bullmastiff MO increases well economics over the lifetime of the well by reducing surface facility requirements and providing production efficiencies.
- In March 2015, Halliburton’s Completion Tools business line launched the EquiFlow OptiSteam flow control device (FCD) for steam-assisted gravity drainage (SAGD) injectors. This advanced flow control technology helps operators maximize production efficiency and improve steam-oil ratio by balancing steam injection throughout the length of a completion.
Sand Control Systems Market Segments Analysis
The global sand control systems market has been segmented based on technique, well type, application, and region.
On the basis of technique, the market has been segmented into Gravel Pack, Frac Pack, Sand Screens, Inflow Control Devices and others.
On the basis of well type, the market has been segmented cased hole and open hole.
On the basis of application, the industry is segmented into onshore and offshore.
By region, the global sand control system market is segmented into North America, Asia-Pacific, Europe and Rest of the World.
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