TransparencyMarket Research has released a new market report titled, “ZonalIsolation Market - Global Industry Analysis, Size, Share, Growth Trends, andForecast 2016 - 2024.” According to this report, the global zonalisolation market was valued at US$14.80 bn in 2014 and isprojected to reach US$27.88 bn by 2024 at a CAGR of 6.6% from 2016 to 2024.
Traditionally,cementing technique has been used by operators to provide zonal isolationthroughout the life of a well. However, in the past few years, severalmechanical and chemical techniques have been developed to prevent cross flow ofwater, gas, or oil between different formations. Mechanical zonal isolationconsists of the use of several mechanical equipment such as sliding sleeves,packers, perforated/slotted liners, and plugs. Chemical zonal isolation, on theother hand, comprises the use of polymer gels, monomer systems, bio polymers,and elastomers.
Multipletechnologies along with primary and remedial cementing are deployed by welloperators for isolating a particular zone during well completion andintervention. Deployment of such techniques depends on several well parameterssuch as type of producing zone (oil or gas), depth of well, wellbore geometry,and temperature of the wellbore. Zonal isolation is considered very criticalfor developing unconventional resources. It is very essential to predict flowrates to successfully design and implement multistage hydraulic fracturing inlow permeable shale gas reserves. Cost of isolating a particular zone isgenerally 2%-5% of the total well completion cost. Shift of explorationactivities from onshore to offshore areas coupled with increasing focus towardthe development of unconventional reserves has spurred the market for the zonalisolation across the globe.
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The zonalisolation market has been segmented on the basis of technology and application.Based on technology, the market has been segmented into mechanical and chemicalzonal isolation. However, on the basis of application, the market has beensegmented into offshore and onshore zonal isolation. Chemical zonal isolationholds the highest market share in terms of technology. However, in terms ofapplication, offshore zonal isolation holds the highest market share. Keyplayers in the zonal isolation market are Schlumberger Limited, Superior EnergyServices, Inc., Weatherford International, Baker Hughes, Inc., HalliburtonCompany, Nabors Industries Ltd., Trican Well Service Ltd., Expro InternationalGroup Holdings Ltd., Aker Solutions ASA, and Tendeka.
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Increase indrilling activities, especially in the offshore areas coupled with growingdemand for unconventional energy sources have driven the global market forzonal isolation in the past few decades. Despite fluctuations in the globalcrude oil prices, it is anticipated that the market for global zonal isolationwould reach US$ 27,888.8 Mn by 2024.
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