June 2022- Nine Energy Services has completed the installation of production casing for a monitor well on one of New Mexico's largest operators, which is using Swell Tech 150, an additive that makes its cement more flexible. To provide rapid diffusion when mixed with water and improve the mixability of slurry cement, this additive is a naturally occurring mineral composed of surfactants.
November 2023- Halliburton Company and Oil States Industries, Inc. announced a strategic partnership that would enable them to provide customers with cutting-edge deepwater managed pressure drilling (MPD) solutions by combining two award-winning technology sets.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 5513
Published Date: Jan 05, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Higher onshore and offshore drilling activities, rising focus on mature oilfields and well integrity, cost, and operational efficiency are some of the major growth drivers
The market size of swellable packers is anticipated to attain a CAGR of 7 % over the forecast period, i.e., 2024-2036.
The major players in the market are Weatherford, The Weir Group PLC, Schlumberger Limited, TAM International, Inc., Halliburton Energy Services, Inc., Elite Advanced Polymers Inc., ACC Corporate, Reactive Downhole Tools Limited, Nine Energy Service, Baker Hughes Company, and others.
The Onshore segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.