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Africa Well Completion Equipment and Services Market, by Type, by Country- Trends & Forecasts tol 2019

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This report defines, describes, and forecasts the Africa well completion equipment and services market. It involves a deep dive analysis of the market segmentation, which is based on technology and end-user. The report also provides deep insights into the competitive landscape of the market through a strategic analysis of the key players of the market. The well completion equipment and services market, in terms of type, has been segmented into packers, sand control tools, multi-stage frac tools, linear hangers, smart wells, safety valves, and others. The main stakeholders of the market are oilfield service companies, exploration & production companies, and oil & gas field operators.

 The Africa well completion services market is projected to grow at a CAGR of 7.4% during the forecast period. The large share is attributed to the growth of offshore production activities in the African region. Angola, Egypt, Libya, and Nigeria were expected to witness large investments in drilling activities in 2014. This will increase the growth of the well completion equipment and services market.

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The decline of matured fields has drawn companies’ attention towards technological advancements in inventing tools and techniques that are required to access residual reserves on conventional acreages. The companies are currently focused on increasing the recovery and life expectancy of mature fields, way beyond the natural production levels.

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In order to revive these brown fields technologically advanced, completion equipment and services are required so that National Oil Companies (NOCs) can efficiently increase their well production from aging wells that were earlier not economically viable.

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