Global oil and gas market is on a growth trajectory after a long gap of downturn, yet global geopolitical activities are shaping up the further roadmap. The recent preparations to revise sanctions on Iran by the United States based on the counterbalance provided by the kingdom of Saudi Arabia to meet additional oil production and maintain oil price stability are something to watch out for. Much of the OPEC members were able to moderate the production to maintain a supply and demand balance to control the oil prices, but members such as Venezuela still lingers on the internal crisis that has led to fall in the oil production in the country. The future of oil prices would be dependent on the outcome from these global political decisions. However, the industry has reshaped itself better in the downturn and is prepared well to absorb shocks and propel with faster efficiency.
Using advanced 3-D and 4-D (time-lapse) seismic exploration techniques in conjunction with technologies such as portable X-ray fluorescence (XRF) analyzers, hydraulic fracturing and horizontal drilling, resources including abandoned/old pressure-depleted wells, tight oil, shale gas, shale oil, tight gas and coal bed methane have completely transformed the U.S. energy landscape by facilitating access to reserves that were previously unavailable. This success in the U.S. with unconventional resources and marginal reserves has prompted other countries to reconsider developing their own unconventional and marginal resources and assessing how soon this can be achieved. Development of super-strong alloys allow drill bits to go into high-temperature, high-pressure fields. Other advances include logging while drilling, horizontal/directional drilling, smart drill bits and miscible methods for enhancing oil recovery.
Exploration for new sources of oil and gas has always been the primary strategy of the oil industry but digging and recovering more efficiently is perhaps of greater importance when finances are stretched, and untested areas are riskier. Producers are instead faced with three options -
- Increase production from existing assets.
- Monetize known reserves.
- Reduce exploration and production costs.
Advanced exploration and downhole technology are redirecting the search, identification and recovery of bypassed oil and gas, thus ensuring higher productivity to be coaxed out of mature, old, dormant/abandoned and pressure-depleted fields and enabling the monetization of stranded reserves. Since the oil price dip in 2014, exploration activities have gained gradual traction in recent years. The rising number of auctions for exploration and equally enthusiastic response form upstream companies is an evidence of this growing positivity. Recently companies such as Shell, Eni, Chevron and Repsol won exploration bids for the Mexcian Deepwater auctions. Shell won nine out of the REDACTED exploration
acreages put on auction. Similarly, exploration activities grew offshore in Cote d Ivoire by British Petroleum andKosmos. Tullow won offshore licenses in Cote dIv oire and Peru."
The scope of the report includes, a general outlook of oil & gas exploration and production sector, with the scope limited to reports published by BCC Research during the year 2017 and 2018. This report segments the market into two major sub-segments i.e. oil & gas exploration and oil & gas production.
The exploration segment explains the prevalent and upcoming technologies covering the qualitative aspects of the market in brief. The report divides the production market into technologies and components. Production technologies discussed in the report include enhanced oil recovery technology and Fracking technology. Detailed overview of these technologies coupled with relevant market data in terms of market size measured in dollar terms are provided. The Production components covered in this study include oilfield process chemicals and drill pipes. The scope is limited to the recent studies published by BCC Research and is thus not exhaustive.
- 170 tables
- An overview of the oil and gas exploration and production technologies and components markets
- Quantification of the market for oilfield exploration and production by various segments and sub-segments i.e., oil & gas exploration and oil & gas production
- Analyses of global market trends with data from 2017 and 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Brief outline of the importance of advanced exploration and new downhole techniques within the O&G industry in correlation with substantial economic benefit to both government and industry players
- Impact analysis of growing and contracting segments, technological challenges that the oil and gas industry is facing, and possible solutions to those challenges
- Coverage of the all viable enhanced oil recovery (EOR) technologies along with their installation, operation, deployment, application area, environmental concern, regulatory framework, cost benefits etc.
- Company profiles of leading market players within the oilfield industry, including Advanced Resources International, Caterpillar, Denbury Resources, Hilong Group, National Oilwell Varco, And Wood Group"
Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Methodology and Information Sources
BCC Custom Research
Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market and Technology Background
History of Oil and Gas Sector
Classification of Petroleum Resources
Conventional Vs Unconventional Resources
Stages Split in the Oil and Gas Industry
Site Development for the Oil and Gas Production Fields
Upstream Oil and Gas Lifecycle
Main Steps Involved in Oil and Gas Field Development
Implementation, Development and Innovation Along Lifecycle Phases of a Petroleum Reservoir
Onshore Versus Offshore
Upstream Oil and Gas Activities, Services and Equipment
Advancements in Exploration and Downhole Technologies
Evolution of Exploration and Production Technologies
Chapter 4 Oil and Gas Exploration Technologies
Relationship Between Geologic/Engineering and Seismic Properties
Advancements in Exploration Technologies
Service Capabilities of Main Seismic Companies
Chapter 5 Oil and Gas Production Technologies
Enhanced Oil Recovery
What is Enhanced Oil Recovery?
History of Enhanced Oil Recovery
Benefits of Enhanced Oil Recovery
Drawbacks of Enhanced Oil Recovery
Enhanced Oil Recovery Technologies and Applications
Details on EOR Cost
Market Share Analysis
Enhanced Oil Recovery in Oilfield Process Chemicals
Processes for Enhanced Oil Recovery
Oil and Gas Exploration and Production Companies
Energy Services Firms
Wastewater Treatment Firms
Industry Value Chain
Definition of Hydraulic Fracturing Technology
Definition of Fracking Fluid Product
History and Development of the Industry
Importance of the Industry
Important Implications for the Industry
Important Shifts in the Industry
Global Focus on U.S. Shale Companies
Impact on Other Industries
Recycling and Reuse
Chapter 6 Oil and Gas Production Components
Oilfield Process Chemicals
Oil and Gas Price Trends
Functions of Oil Field Process Chemicals
Future of the Market
Developing Unconventional Reserves
Deep and Ultradeep Reserves Development
Chapter 7 Company Profiles
ADVANCED AROMATICS L.P.
ADVANCED RESOURCES INTERNATIONAL
AIR PRODUCTS AND CHEMICALS, INC.
AL SANEA CHEMICALS
ANADARKO PETROLEUM CORP.
ANCHOR DRILLING FLUIDS USA INC.
ASHLAND AQUALON FUNCTIONAL INGREDIENTS
BABCOCK & WILCOX
BADGER MINING CORP.
BAROID INDUSTRIAL DRILLING PRODUCTS (HALLIBURTON)
BEFAR GROUP CO., LTD
BNK PETROLEUM INC.
BRITISH PETROLEUM CORP. (BP)
BWA WATER ADDITIVES
C&J ENERGY SERVICES, INC.
CABOT OIL & GAS CORP
CABOT SPECIALTY FLUIDS LTD.
CANADIAN ENERGY SERVICES (CES)
CHART INDUSTRIES INC.
CHENGDU CATION CHEMISTRY CO. LTD.
CHESAPEAKE ENERGY CORP.
CHEVRON PHILLIPS CHEMICAL
CHINA MINERAL PROCESSING (CMP) TIANJIN LTD
CHINA NATIONAL PETROLEUM CORP.
CLARIANT OIL SERVICES
CNPC BOHAI DRILLING ENGINEERING CO. LTD.
COASTAL CHEMICAL CO. LLC
CRODA INTERNATIONAL PLC
CUADRILLA RESOURCES COMPANY
CYCLOTECH (SUBSIDIARY OF M-I SWACO)
DEVON ENERGY CORP.
DORF KETAL CHEMICALS PVT. LTD.
DOWDUPONT CHEMICAL COMPANY
DP-MASTER MANUFACTURING (S) PTE LTD
DRILL PIPE INTERNATIONAL, LLC.
DRILLING SPECIALTIES CO.
DUPONT (MERGED WITH DOW CHEMICALS)
ECONOMY POLYMERS & CHEMICAL
ELIXIR PETROLEUM LTD
EMERY OLEOCHEMICALS GROUP
ENERCHEM INTERNATIONAL INC.
ENGENIUM CHEMICALS CORP.
ENVIRONMENTAL BIOTECHNOLOGIES INC.
EQUITABLE RESOURCES (EQT CORP.)
FLEK (LLC FLEK)
FOUNTAIN QUAIL WATER
GENERON INNOVATIVE GAS SYSTEMS
GLOBAL DRILLING FLUIDS & CHEMICALS LTD.
GULF COAST CHEMICAL
HALLIBURTON ENERGY SERVICES, INC.
HEBEI HUAYUN HONGYE CHEMICAL CORP.
INDUSTRIAL TECHNOLOGY MANAGEMENT
INNOVATIVE CHEMICAL TECHNOLOGIES INC.
INNOVATIVE STEAM TECHNOLOGIES
JIANGYIN LONG BRIGHT DRILL PIPE MANUFACTURE CO. LTD.
JINDAL SAW LTD.
MARATHON OIL CO.
MARUBENI SPECIALTY CHEMICALS
MASCHINENFABRIK AUGSBURG-NUREMBERG (MAN) SE
MEMBRANE TECHNOLOGY RESEARCH
MIDWEST CUSTOM CHEMICALS
MITSUBISHI HEAVY INDUSTRIES
NATIONAL CHEMICAL AND PETROLEUM INDUSTRIES
NATIONAL OILWELL VARCO
NAVDEEP CHEMICALS PVT. LTD.
NEWPARK DRILLING FLUIDS
NUR CHEMICALS & ENGINEERING INDUSTRIES CO.
OASIS PETROLEUM NORTH AMERICA, LLC
OIL CHEM TECHNOLOGIES
OIL COUNTRY TUBULAR LTD.
OPPENHEIMER BIOTECHNOLOGY INC.
PETROCHINA COMPANY LTD.
PETROLIAM NASIONAL BERHAD
PIONEER NATURAL RESOURCES CO.
PRODUCTION CHEMICAL INTERNATIONAL HOLDINGS LTD.
PUYANG KAILI CHEMICAL CO. LTD.
QINGDAO OCEANVIEW INTERNATIONAL CO. LTD.
QUIMICA APOLLO S.A. DE C.V.
RANGE RESOURCES CORP
RE CHEM SERVICES GMBH
REAGENT CHEMICAL AND RESEARCH INC.
SANJEL ENERGY SERVICES
SCOMI ANTICOR S.A.
SEKISUI SPECIALTY CHEMICALS AMERICA LLC
SETAC CHEMICAL CORP.
SHRIEVE CHEMICAL GROUP
SOUTHWESTERN ENERGY COMPANY
SUPERIOR DRILL PIPE MANUFACTURING, INC.
TEJAS TUBULAR PRODUCTS, INC.
TEXAS IRON WORKS CORP.
TEXAS STEEL CONVERSION, INC.
TRICAN WELL SERVICE
TRUBNAYA METALLURGICHESKAYA KOMPANIYA (TMK) GROUP
UNITECH ASIA-PACIFIC LTD.
UNITED STATES STEEL CORP.
VOGT POWER INTERNATIONAL INC.
WELL FLOW LLC
WILDCAT CHEMICALS AUSTRALIA PTY. LTD.
XTO ENERGY INC. (EXXONMOBIL)
Chapter 8 Appendix: Abbreviations
List of Table
List of Tables
Summary Table : Global Market for Exploration and Production, by Sector, Through 2023
Table 1 : Classification and Description of the Basic Hydrocarbons Extraction Industry
Table 2 : Classification of Petroleum Resources
Table 3 : Stages Split in the Oil and Gas Industry
Table 4 : Site Development for the Oil and Gas Producing Fields
Table 5 : Upstream Oil and Gas Lifecycle
Table 6 : Main Steps Involved in Oil and Gas Field Development
Table 7 : Implementation, Development and Innovation Along Lifecycle Phases of a Petroleum Reservoir
Table 8 : Offshore and Onshore Drilling Performance when Oil Prices Tumble
Table 9 : Upstream Oil and Gas Activities, Services and Equipment at Oilfields
Table 10 : Importance of Advanced Exploration and Downhole Technologies
Table 11 : Global Oil Production, by Country, 2012-2017
Table 12 : Relationship Between Geologic/Engineering and Seismic Properties
Table 13 : Advanced Exploration Techniques and Measurements
Table 14 : Service Capabilities of Main Seismic Companies, 2016
Table 15 : Enhanced Oil Recovery Technologies, by Type
Table 16 : Global Market for Enhanced Oil Recovery, by Technology, Through 2023
Table 17 : Example of EOR Cost Variation for CO2-EOR in the U.S.
Table 18 : EOR Technology Chemicals
Table 19 : U.S. Market for Fracking Fluids, by Type, Through 2023
Table 20 : States that Currently Allow Fracking and Their Stance on Disclosure of the Fracking Fluids
Table 21 : States Stance on Fracking
Table 22 : Drilling Muds and Additives
Table 23 : Cementing Additives and Their Purposes
Table 24 : Workover and Completion Fluids and Their Purposes
Table 25 : Stimulation/Production Chemicals and Their Purposes
Table 26 : Enhanced Oil Recovery Products and Applications
Table 27 : Global Petroleum Production, Through 2023
Table 28 : Global Natural Gas Production, Through 2023
Table 29 : U.S. Regulations Specific to the Oilfield Process Chemicals Industry
Table 30 : Global Market for Oilfield Process Chemicals, by Product Type, Through 2023
Table 31 : Global Market for Oilfield Process Chemicals, by Function, Through 2023
Table 32 : Global Market for Oilfield Process Chemicals, by Application, Through 2023
Table 33 : Global Drill Pipes Market, by Grade, Through 2023
Table 34 : Global Drill Pipes Market, by End-Use Deployment, Through 2023
Table 35 : Advanced Resources International: Company Information
Table 36 : Air Liquide: Company Overview
Table 37 : Air Products: Company Overview
Table 38 : AkzoNobel: Company Overview
Table 39 : Anadarko Petroleum Corp.: Company Information
Table 40 : Apache: Company Information
Table 41 : Ariel: Company Overview
Table 42 : Babcock & Wilcox: Company Overview
Table 43 : Badger Mining: Company Information
Table 44 : Baker Hughes: Company Overview
Table 45 : BASF: Company Overview
Table 46 : Bauer: Company Overview
Table 47 : BNK Petroleum: Company Information
Table 48 : Bornemann: Company Overview
Table 49 : C&J Energy Services, Inc.: Company Information
Table 50 : Cabot Oil & Gas Corp.: Company Information
Table 51 : Cameron: Company Overview
Table 52 : Carbo: Company Information
Table 53 : Cat Pumps: Company Overview
Table 54 : Caterpillar: Company Overview
Table 55 : Champion Technologies: Company Information
Table 56 : Chart Industries Inc.: Company Information
Table 57 : Chesapeake Energy Corp.: Company Information
Table 58 : CPChem: Company Overview
Table 59 : CMP Tianjin: Company Information
Table 60 : China National Petroleum Corp.: Company Overview
Table 61 : Clayton Industries: Company Overview
Table 62 : Comstock Resources: Company Information
Table 63 : Cryogenic Industries: Company Overview
Table 64 : Cuadrilla Resources Company: Company Information
Table 65 : Cyclotech: Company Overview
Table 66 : Denbury Resources: Company Overview
Table 67 : Devon Energy Corp.: Company Information
Table 68 : Dominion: Company Information
Table 69 : Dowdupont: Company Information
Table 70 : DP-Master: Products and Services
Table 71 : Dresser-Rand: Company Overview
Table 72 : Drill Pipe International LLC: Products and Services
Table 73 : DuPont: Company Overview
Table 74 : Eaton: Company Overview
Table 75 : Economy Polymers: Company Information
Table 76 : Eco-Tec: Company Overview
Table 77 : Elixir Petroleum: Company Information
Table 78 : Elliott: Company Overview
Table 79 : Encana Corp.: Company Information
Table 80 : Energigas: Company Information
Table 81 : EOG Resources: Company Information
Table 82 : Equitable Resources (EQT Corp.): Company Information
Table 83 : ExxonMobil: Company Overview
Table 84 : Fairmount: Company Information
Table 85 : Flowserve: Company Overview
Table 86 : FMC Technologies: Company Overview
Table 87 : Fountain Quail Water: Company Information
Table 88 : Gardner Denver: Company Overview
Table 89 : General Electric: Company Overview
Table 90 : Generon Innovative Gas Systems: Company Overview
Table 91 : Guild Associates: Company Overview
Table 92 : Halliburton Energy Services, Inc.: Company Information
Table 93 : Hammelmann: Company Overview
Table 94 : Hamon Deltak: Company Overview
Table 95 : Hayward Gordon: Company Overview
Table 96 : Hilong Group: Products and Services
Table 97 : Hilong Group: Financials
Table 98 : Hilong Group: Developments and Strategies
Table 99 : Industrial Technology Management: Company Overview
Table 100 : IST: Company Overview
Table 101 : Jiangyin Long-bright Drill Pipe Manufacture Co. Ltd: Products and Services
Table 102 : Jindal Saw Ltd.: Products and Services
Table 103 : Kemira: Company Overview
Table 104 : Kinder Morgan: Company Overview
Table 105 : Leistritz: Company Overview
Table 106 : Linde: Company Overview
Table 107 : Marathon Oil Co.: Company Information
Table 108 : MAN: Company Overview
Table 109 : Membrane Technology Research: Company Overview
Table 110 : Mitsubishi Heavy Industries: Company Overview
Table 111 : Nabors Industries: Company Information
Table 112 : Nalco (Ecolab): Company Information
Table 113 : National Oilwell Varco: Products and Services
Table 114 : National Oilwell Varco: Financials
Table 115 : National Oilwell Varco: Developments and Strategies
Table 116 : NETZSCH: Company Overview
Table 117 : Nexen: Company Information
Table 118 : Nooter/Eriksen: Company Overview
Table 119 : Oasis Petroleum North America, LLC: Company Information
Table 120 : Occidental: Company Overview
Table 121 : Oil Chem Technologies: Company Overview
Table 122 : Oil Country Tubular (OCTL): Products and Services
Table 123 : Pemex: Company Information
Table 124 : PetroChina: Company Information
Table 125 : PetroFrontier Corp.: Company Information
Table 126 : PETRONAS: Company Overview
Table 127 : Pioneer Natural Resources Co.: Company Information
Table 128 : PQ Corp.: Company Overview
Table 129 : Praxair: Company Overview
Table 130 : Premier Energy: Company Overview
Table 131 : Range Resources Corp.: Company Information
Table 132 : Reagent Chemical and Research Inc.: Company Information
Table 133 : Rolls-Royce: Company Overview
Table 134 : Sandridge Energy: Company Information
Table 135 : Schlumberger: Company Information
Table 136 : Seepex: Company Information
Table 137 : Shell Chemicals: Company Overview
Table 138 : Siemens: Company Overview
Table 139 : Sinopec Canada: Company Information
Table 140 : SNF Group: Company Overview
Table 141 : Solvay Rhodia: Company Overview
Table 142 : Sourcewater, Inc.: Company Information
Table 143 : Southwestern Energy Company: Company Information
Table 144 : Stepan Co.: Overview
Table 145 : Stream-Flo: Company Overview
Table 146 : Sulzer: Company Overview
Table 147 : Texas Steel Conversion Inc.: Products and Services
Table 148 : TAM Intl.: Company Overview
Table 149 : TEi-Struthers Wells: Company Overview
Table 150 : Tejas Tubular Products Inc.: Products and Services
Table 151 : Tenaris S.A.: Products and Services
Table 152 : TIW Corp.: Company Overview
Table 153 : Texas Steel Conversion Inc.: Products and Services
Table 154 : Tiorco: Company Overview
Table 155 : Trican Well Service: Company Information
Table 156 : Trubnaya Metallurgicheskaya Kompaniya: Products and Services
Table 157 : US Silica: Company Information
Table 158 : UBE: Company Overview
Table 159 : Unimin Corp.: Company Information
Table 160 : Unitech Asia-Pacific Ltd.: Company Overview
Table 161 : United States Steel Corp.: Products and Services
Table 162 : Vallourec S.A.: Products and Services
Table 163 : Veolia: Company Overview
Table 164 : Vogt Power: Company Overview
Table 165 : Weatherford International: Company Information
Table 166 : Weir SPM: Company Overview
Table 167 : Wood Group: Company Overview
Table 168 : XTO Energy Inc. (ExxonMobil): Company Information
Table 169 : Abbreviations Used in Report
List of Chart
List of Figures
Summary Figure : Global Market for Exploration and Production, by Sector, 2017-2023
Figure 1 : Global Rig Count by Application Onshore Vs Offshore
Figure 2 : Global Rig Count by Region, 2017-2018
Figure 3 : Historic Production as Enhanced by Non-Thermal EOR
Figure 4 : Global Crude Oil Proven Reserves, 1995-2017
Figure 5 : Global Market for Enhanced Oil Recovery, by Technology, 2017-2023
Figure 6 : Global Market Share for Enhanced Oil Recovery, by Company, 2017
Figure 7 : Fracking fluid industry structure
Figure 8 : Hydraulic Fracturing Process Value Chain
Figure 9 : U.S. Market for Fracking Fluids, by Type, 2017-2023
Figure 10 : Global Petroleum Production, 2017-2023
Figure 11 : Global Natural Gas Production, 2017-2023
Figure 12 : Global Market Share of Different Types of Oilfield Process Chemicals, 2017-2023
Figure 13 : Global Market for Oilfield Process Chemicals, by Function, 2017-2023
Figure 14 : Global Market for Oilfield Process Chemicals, by Application, 2017-2023
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