Zonal Isolation Market Update: Global Market Insights, Inc.

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Zonal Isolation Market Update Global Market
Insights, Inc.
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-analysis/zonal-isolation-market
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Global Market Scenario of Zonal Isolation
Industry
Zonal Isolation Market size was valued at over 15
billion in 2015. Increasing oil gas well
exploration and production mainly in offshore
field is anticipated to drive global zonal
isolation market. Zonal isolation is the method
used in coal bed methane wells to prevent the
migration of oil and gas between different
geographical layers. It is crucial step in well
completion and intervention activity and can be
obtained through correct casing and cementing of
oil and gas well. The main aim is to isolate the
gas producing section of well from its
surrounding (non-producing section) for optimum
production. It also helps to prevent
contamination of underground water reserve, to
reduce well construction cost, Health Safety
Environment risk andneed for costly workovers and
protect reservoir integrity and productivity. It
is a technical based solution from leak
diagnostic to isolating gas caps and has
capabilities to overcome challenging intervention
work.
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Applications include open hole testing, water
andgas shutoff, acidizing, production
segmentation, selective stimulation, well
suspension, packer setting and tube testing
during completion, tubing integrity testing and
plug and abandonment. North America, dominated by
U.S. zonal isolation market size, is the industry
leader and holding largest share in 2015. It is
expected and forecast that zonal isolation market
would grow in future owing to increasing oil and
natural gas exploration and production in the
region tied with factors such as shale boom in
the Gulf of Mexico, increasing offshore drilling
activities and the pursuit for finding untapped
oil and gas reserves. China has estimated that
they hold around 31.6 trillion cubic meter of
technically recoverable shale gas resources and
they have invested more than USD 1 billion on
shale gas revolution and completed more than
eighty reservoirs as of 2013. These investments
in the field of oil and gas will drive the China
zonal isolation market during the forecast
consideration. It has been expected the
industry Canada would grow in due to increase in
exploration of shale and tight gas. According to
national board of Canada 90 percent of Canadas
natural gas is to be produced using shale and
tight gas.
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