Oilfield Exploration & Production Industry
Description
The global market for exploration and production should grow from $387.8 billion in 2018 to $530.8 billion by 2023 with a compound annual growth rate (CAGR) of 6.5% for the period of 2018-2023.
Global oil and gas market is on a growth trajectory after a long gap of downturn, yet global geopolitical activities are shaping up the further roadmap. The recent preparations to revise sanctions on Iran by the United States based on the counterbalance provided by the kingdom of Saudi Arabia to meet additional oil production and maintain oil price stability are something to watch out for. Much of the OPEC members were able to moderate the production to maintain a supply and demand balance to control the oil prices, but members such as Venezuela still lingers on the internal crisis that has led to fall in the oil production in the country. The future of oil prices would be dependent on the outcome from these global political decisions. However, the industry has reshaped itself better in the downturn and is prepared well to absorb shocks and propel with faster efficiency.
Using advanced 3-D and 4-D (time-lapse) seismic exploration techniques in conjunction with technologies such as portable X-ray fluorescence (XRF) analyzers, hydraulic fracturing and horizontal drilling, resources including abandoned/old pressure-depleted wells, tight oil, shale gas, shale oil, tight gas and coal bed methane have completely transformed the U.S. energy landscape by facilitating access to reserves that were previously unavailable. This success in the U.S. with unconventional resources and marginal reserves has prompted other countries to reconsider developing their own unconventional and marginal resources and assessing how soon this can be achieved. Development of super-strong alloys allow drill bits to go into high-temperature, high-pressure fields. Other advances include logging while drilling, horizontal/directional drilling, “smart” drill bits and miscible methods for enhancing oil recovery.
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Exploration for new sources of oil and gas has always been the primary strategy of the oil industry but digging and recovering more efficiently is perhaps of greater importance when finances are stretched, and untested areas are riskier. Producers are instead faced with three options –
– Increase production from existing assets.
– Monetize known reserves.
– Reduce exploration and production costs.
Advanced exploration and downhole technology are redirecting the search, identification and recovery of bypassed oil and gas, thus ensuring higher productivity to be coaxed out of mature, old, dormant/abandoned and pressure-depleted fields and enabling the monetization of stranded reserves. Since the oil price dip in 2014, exploration activities have gained gradual traction in recent years. The rising number of auctions for exploration and equally enthusiastic response form upstream companies is an evidence of this growing positivity. Recently companies such as Shell, Eni, Chevron and Repsol won exploration bids for the Mexcian Deepwater auctions. Shell won nine out of the REDACTED exploration acreages put on auction. Similarly, exploration activities grew offshore in Cote d’ Ivoire by British Petroleum andKosmos. Tullow won offshore licenses in Cote d’Iv oire and Peru.
Report Scope:
The scope of the report includes, a general outlook of oil & gas exploration and production sector, with the scope limited to reports published by BCC Research during the year 2017 and 2018. This report segments the market into two major sub-segments i.e. oil & gas exploration and oil & gas production.
The exploration segment explains the prevalent and upcoming technologies covering the qualitative aspects of the market in brief. The report divides the production market into technologies and components. Production technologies discussed in the report include enhanced oil recovery technology and Fracking technology. Detailed overview of these technologies coupled with relevant market data in terms of market size measured in dollar terms are provided. The Production components covered in this study include oilfield process chemicals and drill pipes. The scope is limited to the recent studies published by BCC Research and is thus not exhaustive.
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Report Includes:
– 170 tables
– An overview of the oil and gas exploration and production technologies and components markets
– Quantification of the market for oilfield exploration and production by various segments and sub-segments i.e., oil & gas exploration and oil & gas production
– Analyses of global market trends with data from 2017 and 2018, and projections of compound annual growth rates (CAGRs) through 2023
– Brief outline of the importance of advanced exploration and new downhole techniques within the O&G industry in correlation with substantial economic benefit to both government and industry players
– Impact analysis of growing and contracting segments, technological challenges that the oil and gas industry is facing, and possible solutions to those challenges
– Coverage of the all viable enhanced oil recovery (EOR) technologies along with their installation, operation, deployment, application area, environmental concern, regulatory framework, cost benefits etc.
– Company profiles of leading market players within the oilfield industry, including
Advanced Aromatics L.P.
Advanced Resources International
Air Liquide
Air Products And Chemicals, Inc.
Akzonobel
Al Sanea Chemicals
Albemarle
Anadarko Petroleum Corp.
Anchor Drilling Fluids Usa Inc.
Apache Corp.
Aqua Chemicals
Ariel
Ashland Aqualon Functional Ingredients
Aubin
Babcock & Wilcox
Badger Mining Corp.
Baker Hughes
Barit Urala
Baroid Industrial Drilling Products (Halliburton)
Barzaghi S.R.L.
Basf
Bauer
Befar Group Co., Ltd
Bnk Petroleum Inc.
Bornemann
Borregaard Lignotech
British Petroleum Corp. (Bp)
Bwa Water Additives
Bycosin Ab
C&J Energy Services, Inc.
Cabot Oil & Gas Corp
Cabot Specialty Fluids Ltd.
Cameron
Canadian Energy Services (Ces)
Carbo
Cat Pumps
Caterpillar
Cebo Holland
Ceca
Celanese
Champion Technologies
Chart Industries Inc.
Chemtura (Lanxess)
Chengdu Cation Chemistry Co. Ltd.
Chesapeake Energy Corp.
Chevron Phillips Chemical
Chimec S.P.A.
China Mineral Processing (Cmp) Tianjin Ltd
China National Petroleum Corp.
Clariant Oil Services
Clayton Industries
Cnpc Bohai Drilling Engineering Co. Ltd.
Coastal Chemical Co. Llc
Comstock Resources
Conocophillips
Croda International Plc
Cryogenic Industries
Cuadrilla Resources Company
Cyclotech (Subsidiary Of M-I Swaco)
Cytec Industries
Denbury Resources
Devon Energy Corp.
Di-Corp.
Dominion
Dorf Ketal Chemicals Pvt. Ltd.
Dowdupont Chemical Company
Dp-Master Manufacturing (S) Pte Ltd
Dresser-Rand
Drill Pipe International, Llc.
Drilling Specialties Co.
Dupont (Merged With Dow Chemicals)
Eaton
Economy Polymers & Chemical
Eco-Tec
Elixir Petroleum Ltd
Elliott
Emery Oleochemicals Group
Encana Corp.
Enerchem International Inc.
Energigas
Engenium Chemicals Corp.
Environmental Biotechnologies Inc.
Eog Resources
Equitable Resources (Eqt Corp.)
Exxonmobil
Fairmount Supply
Flek (Llc Flek)
Flowserve
Fmc Technologies
Fountain Quail Water
Gardner Denver
Gchemical Co.
General Electric
Generon Innovative Gas Systems
Global Drilling Fluids & Chemicals Ltd.
Guild Associates
Gulf Coast Chemical
Gumpro Chem
Halliburton Energy Services, Inc.
Hammelmann Gmbh
Hamon Deltak
Hayward Gordon
Hebei Huayun Hongye Chemical Corp.
Hexion Inc.
Hilong Group
Industrial Technology Management
Ineos Oligomers
Innospec
Innovative Chemical Technologies Inc.
Innovative Steam Technologies
Jiangyin Long Bright Drill Pipe Manufacture Co. Ltd.
Jindal Saw Ltd.
Kemira
Kinder Morgan
Kmco
Lamberti S.P.A.
Leistritz
Linde
Lubrizol Corp.
Lukoil
Marathon Oil Co.
Marubeni Specialty Chemicals
Maschinenfabrik Augsburg-Nuremberg (Man) Se
Membrane Technology Research
Messina Inc.
Micro Bac
Midwest Custom Chemicals
Mirrico
Mitsubishi Heavy Industries
Montello Inc.
Nabors Industries
Nalco (Ecolab)
Nalco Champion
National Chemical And Petroleum Industries
National Oilwell Varco
Navdeep Chemicals Pvt. Ltd.
Netzsch
Newpark Drilling Fluids
Nexen
Nooter/Eriksen
Nur Chemicals & Engineering Industries Co.
Oasis Petroleum North America, Llc
Occidental
Oil Chem Technologies
Oil Country Tubular Ltd.
Oppenheimer Biotechnology Inc.
Pemex
Petrochina Company Ltd.
Petrofrontier Corp.
Petroliam Nasional Berhad
Pioneer Natural Resources Co.
Pq Corp.
Praxair
Premier Energy
Production Chemical International Holdings Ltd.
Puyang Kaili Chemical Co. Ltd.
Qingdao Oceanview International Co. Ltd.
Quimica Apollo S.A. De C.V.
Ramex As
Range Resources Corp
Re Chem Services Gmbh
Reagent Chemical And Research Inc.
Recon Technology
Reda Oilfield
Roemex Ltd.
Rolls-Royce
Sandridge Energy
Sanjel Energy Services
Schlumberger
Scomi Anticor S.A.
Seepex
Sekisui Specialty Chemicals America Llc
Setac Chemical Corp.
Shell Chemicals
Shrieve Chemical Group
Sichem
Siemens
Sinopec Canada
Smc Technologies
Snf Group
Solvay Rhodia
Sourcewater Inc.
Southwestern Energy Company
Stepan Co.
Stream-Flo
Sulzer
Superior Drill Pipe Manufacturing, Inc.
Tam International
Tbc-Brinadd
Tei-Struthers Wells
Tejas Tubular Products, Inc.
Tenaris S.A.
Texas Iron Works Corp.
Texas Steel Conversion, Inc.
Tiorco (Nalco)
Total S.A.
Trican Well Service
Trubnaya Metallurgicheskaya Kompaniya (Tmk) Group
U.S. Silica
Ube
Unimin Corp.
Unitech Asia-Pacific Ltd.
United States Steel Corp.
Unitop Chemicals
Vallourec S.A.
Vasudha Chemicals
Veolia
Vogt Power International Inc.
Weatherford International
Weir Spm
Well Flow Llc
Wildcat Chemicals Australia Pty. Ltd.
Wood Group
Xto Energy Inc. (Exxonmobil)
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