The global Horizontal Completions Market is expected to post a CAGR of close to 8% during the period 2019-2023. Oil companies are increasingly focusing on developing new and better technologies for maintaining the integrity of oil and gas wells and improving process efficiency. Zonal isolation, which is carried out to preserve the integrity of the well, is witnessing several advances over the last few years. For instance, one of the prominent vendors recently introduced Swell Technology systems, which is an effective solution for meeting zonal isolation requirements. The growth of the horizontal completions market in North America can be attributed to the increase in oil and gas production output of countries such as the US and Canada.
The global Horizontal Completions Market is expected to post a CAGR of close to 8% during the period 2019-2023. Oil companies are increasingly focusing on developing new and better technologies for maintaining the integrity of oil and gas wells and improving process efficiency. Zonal isolation, which is carried out to preserve the integrity of the well, is witnessing several advances over the last few years. For instance, one of the prominent vendors recently introduced Swell Technology systems, which is an effective solution for meeting zonal isolation requirements. The growth of the horizontal completions market in North America can be attributed to the increase in oil and gas production output of countries such as the US and Canada.
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