Global Artificial Lift Systems Market - Trends And Forecasts (2016-2021) - 96% of Oil Wells in the US Require Artificial Lifts from the Very Beginning - Research and Markets

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Mar 10, 2017, 07:45 ET

DUBLIN, Mar. 10, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Artificial Lift Systems Market Trends And Forecasts (2016 - 2021) - Market Segmentation By Region, By Type Of Installation (ESP, Progressive Cavity Pump, Rod Lift), Competitive Landscape, Key Company Information" report to their offering.

Artificial lift is a process used on oil wells to increase pressure within the reservoir and encourage oil to the surface. When the natural drive energy of the reservoir is not strong enough to push the oil to the surface, artificial lift is employed to recover more production. While some wells contain enough pressure for oil to rise to the surface without stimulation, most don't, requiring artificial lift. In fact, 96% of the oil wells in the US require artificial lift from the very beginning.

Although there are several methods to achieve artificial lift, the two main categories of artificial lift include pumping systems and gas lifts.The most common type of artificial lift pump system applied is beam pumping, which engages equipment on and below the surface to increase pressure and push oil to the surface. Consisting of a sucker rod string and a sucker rod pump, beam pumps are the familiar jack pumps seen on onshore oil wells.

Another artificial lift pumping system, hydraulic pumping equipment applies a downhole hydraulic pump, rather than sucker rods, which lift oil to the surface. Here, the production is forced against the pistons, causing pressure and the pistons to lift the fluids to the surface. Similar to the physics applied in waterwheels powering old-fashion gristmills, the natural energy within the well is put to work to raise the production to the surface.

Companies Mentioned:

Baker Hughes Inc.
Halliburton Company
Schlumberger Limited
Weatherford International Ltd
General Electric Energy
Borets Company Llc
National Oilwell Varco Inc.
Torqueflow Sydex Ltd
Compass Energy
Gulf Coast Pump & Supply

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Overview

4. Drivers, Constraints and Opportunities

5. Global Artificial Lift Systems Market Analysis, by Installations

6. Global Artificial Lift Systems Market Analysis, by Geography

7. Competition

8. Company Profiles

9. Competitive Landscape

10. Appendix

For more information about this report visit http://www.researchandmarkets.com/research/zxvxd6/global_artificial

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SOURCE Research and Markets