02 December 2019
The Sliding Sleeves Market Report 2020-2030: Forecasts by Type (Open/Close, Choking), By Application (Onshore, Offshore), by Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), and analysis of leading companies operating in this industry.
The sliding sleeve is one of the well-finishing tools that enables communication between the tubing and the annulus for well-killing, tubing or annulus circulation, and selective zone production. The sliding sleeve is essentially a complete opening with an inner sleeve that can be opened or closed with the help of a wireline tool.
The primary uses for a moving sleeve involve supplying ventilation of pre / post workover annulus, multizone finishes, and power fluid annulus communications, such as installation of jet pumps. Sliding sleeves are a good alternative for plugging and a fantastic method for finishing well.
Due to the rising onshore activities around the globe, demand for sliding sleeves is that in the onshore market. In fact, the increase in demand for fuel is also increasing the need for mining operations. Oil and gas companies are therefore encouraged to explore deeper and remote reservoirs in different and harsh geographic environments.
Due to the shale revolution, the oil and gas industry is witnessing growth in the Americas. The shale revolution made it possible to explore and produce inaccessible reserves. It was also responsible for excess oil and gas production in the United States.
During the forecast period, the global sliding sleeve market is expected to expand moderately. Sliding sleeves are used mainly for limited zone development during well construction operations. The rise in global demand for oil and gas has been and will continue to be the main driver of the industry during the forecast period. The slump in prices of crude oil has had a significant impact on the upstream industry while benefiting the downstream industry.
In the forecast period, backed by new government policies on exploration and production and stability of global crude oil prices, the offshore oil and gas industry is expected to gain traction. It is anticipated that this will boost the global market for slipping sleeves. Globally, with rising energy demand, more exploration and production (E&P) activities are needed. However, the emergence of new oil and gas fields such as shale gas and tight oil has led to increased exploration operations.
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