Top 5 Well Completion Equipment Players in North America, Europe, Asia-Pacific, South America, Middle East and Africa
Completion, in petroleum production, is the process of making a well ready for production (or injection). This principally involves preparing the bottom of the hole to the required specifications, running in the production tubing and its associated downhole tools as well as perforating and stimulating as required. Sometimes, the process of running in and cementing the casing is also included. Well completion equipment industry concentration is relatively high. The largest producer is Baker Hughes, accounting for 23.02% percent market share in value in 2015, followed by Halliburton, Schlumberger, Weatherford International, these four big companies accounting for 71.54% of total market revenue in 2015. The industry competitive landscape is relatively stable. The well completion equipment market scale is likely to continue to increase in the next few years. Although sales of well completion equipment brought a lot of opportunities, the study group recommends the new...