Well Completion Equipment in Middle East 2015-2019 – Key Vendors are Baker Hughes, Halliburton, Schlumberger, Superior Energy Services & Weatherford International

November 9, 2015

November 9, 2015 - 10:10 AM EST

Well Completion Equipment in Middle East 2015-2019 - Key Vendors are Baker Hughes, Halliburton, Schlumberger, Superior Energy Services & Weatherford International

DUBLIN, Nov. 09, 2015 /PRNewswire/ --

Research and Markets(http://www.researchandmarkets.com/research/w59wx7/well_completion) has announced the addition of the "Well Completion Equipment in Middle East 2015-2019" report to their offering.

The analysts forecast the well completion equipment market in Middle East to grow at a CAGR of 4.7% over the period 2014-2019.

The report includes the present scenario and the growth prospects of the well completion equipment market in Middle East for the period 2015-2019. The market can be segmented on the basis of equipment. The report includes a discussion of the key vendors operating in this market.

We have noted increased investment in well completion equipment in the Middle East in 2012-2015. Many vendors are investing in offshore completion equipment to reduce fluid losses and oil leakage during the completion process. They are also making investments to counter the adverse effects of completion fluids on marine ecosystems. With an increase in investments, technology will improve, and will reduce the environmental issues and costs associated with the well completion process.

According to the report, the expansion of oil and gas exploration and production activities is likely to stimulate the growth of the well completion equipment market in the Middle East. The growing demand for oil and gas is encouraging increased investments in state-of-the-art technologies to enhance well completion efficiency, and thus ensuring increased oil production. Well completion activities such as acidizing and fracturing ensure the demand-supply balance by enhancing access to oil and gas in tight, and previously inaccessible formations.

Further, the report states that geopolitical issues and tensions prevailing in the region pose a considerable threat to the market in terms of investment and funding for related activities.

Key countries