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[ 英語タイトル ] Saudi Arabia Liner Hanger System Market - Growth, Trends, and Forecasts (2020 - 2025)


Product Code : MDEP0087822
Survey : Mordor Intelligence
Publish On : November, 2020
Number of Pages : 90
Category : Energy and Power
Study Area : Saudi Arabia
Report format : PDF
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 - Halliburton Company
- Weatherford International plc
- National Oilwell Varco Inc.
- Baker Hughes Company
- National-Oilwell Varco, Inc
- Well Innovation AS
- NCS Multistage LLC
- Schlumberger Limited
- Drill-Quip Inc.

[Report Description]

The liner hanger system market in Saudi Arabia is expected to grow at a CAGR of more than 5.5% in the forecast period of 2020 - 2025. With the largest oil reserves, the region is expected to witness significant growth in the forecast period. Moreover, the increasing gas production in the country is driving the demand for the liner hanger system. On the other hand, the global crude oil price decline in 2020 has led to a halt or delay in various oil and gas projects. Also, total crude oil production in the Middle East declined in 2019. If this trend continues, it can restrain the growth of the market studied.

- With increasing rig count in onshore fields, the onshore segment is expected to dominate the liner hanger system market in the forecast period.
- With the second-largest proven reserves of crude oil, Saudi Arabia has significant potential for exploration and completion activities, which will create substantial opportunities for the liner hanger system market in the near future.
- With the majority share of onshore wells, the conventional liner hanger system is leading the market, and owing to the ongoing projects; conventional LHS is expected to continue its dominance.

Key Market Trends

Onshore Segment to Dominate the Market

- A liner hanger system consists of a liner hanger assembly, releasing tool, cementing head, packer, etc. The liner hanger system is a part of well completion and can be mechanical or hydraulic, premium, or standard, rotating, or non-rotating, conventional or expandable, and pocket slip.
- By 2028, according to plans, Aramco plans to produce 0.65 bcm of natural gas per day and is expected to target unconventional gas reserves in North Arabia, the South Ghawar, and the Jafurah Basin, East of Ghawar.
- Saudi Arabia reported 100 active onshore rigs and 20 active offshore rigs in April 2019. The deployment of these rigs is expected to increase drilling activities, which is further likely to increase the demand for LHS.
- The country has vast shale reserves, and the increasing exploitation of its unconventional reserve is expected to drive the demand for liner hanger systems in the long run.
- With the largest reserves of oil and gas and the highest production from several onshore fields, the onshore segment is expected to drive the market considerably.

Conventional LHS to Dominate the Market

- In 2019, with 297.6 million thousand barrels, the Kingdom of Saudi Arabia (KSA) held the second-largest proven oil reserves in the world after Venezuela. The vast reserves are likely to dive the LHS market in the long term.
- Further, in Saudi Arabia, the focus of E&P activities has been increasingly shifting toward the offshore Red Sea, which in turn, is expected to result in more significant opportunities for the conventional liner hanger system market players in the country.
- Saudi Aramco is continuously engaged in exploration and development to compensate for declining fields elsewhere, creating market opportunities for conventional liner hanger systems.
- Despite a decrease in oil production to 11.8 million barrels per day, the increasing gas production to 113 bcm in 2019 is significantly uplifting the demand for conventional LHS in Saudi Arabia.
- Owing to the higher production of crude oil and natural gas from the onshore fields, the use of hydraulic and mechanical liner hanger systems remained higher in the country. However, with the increasing quest for offshore oil and gas reserves, the demand for expandable LHS is also expected to increase.

Competitive Landscape

The Saudi Arabia liner hanger system market is moderately consolidated. Some of the major companies include National-Oilwell Varco, Inc., Halliburton Company, Weatherford International plc, Baker Hughes Company, and Schlumberger Limited.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

1 INTRODUCTION
1.1 Scope of Study
1.2 Market Definiton
1.3 Study Assumptions

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 PESTLE Analysis

5 MARKET SEGMENTATION
5.1 Type
5.1.1 Conventional
5.1.2 Expandable
5.2 Location of Deployment
5.2.1 Offshore
5.2.2 Onshore

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Halliburton Company
6.3.2 Weatherford International plc
6.3.3 National Oilwell Varco Inc.
6.3.4 Baker Hughes Company
6.3.5 National-Oilwell Varco, Inc
6.3.6 Well Innovation AS
6.3.7 NCS Multistage LLC
6.3.8 Schlumberger Limited
6.3.9 Drill-Quip Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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