Oil and Gas Well Conductor Installation Services Market by Application and Geography - Forecast and Analysis 2019-2023

The global oil and gas well conductor installation services market has the potential to grow by USD 112.4 million during 2019-2023, and the market’s growth momentum will accelerate throughout the forecast period.

This report provides a detailed analysis of the market by geography (APAC, Europe, MEA, North America, and South America) and application (onshore and offshore). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including Acteon Group Ltd., AOS Orwell Ltd., Baker Hughes, a GE Co. LLC, China Oilfield Services Ltd., Frank's International NV, Koninklijke Wagenborg BV, Overseas Petroleum Engineering Service Co., Pinnergy Ltd., Sanguine Oilfield Services LLP, and Solidgro Energy Sdn Bhd.

Market Overview

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Market Competitive Analysis

The oil and gas well conductor installation services market is fragmented, and the degree of fragmentation will remain the same during the forecast period. Market vendors are focusing on various technological advancements that will enable them to install conductor pipes in a short time. Acteon Group Ltd., AOS Orwell Ltd., and Baker Hughes, a GE Co. LLC are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, the environmental concerns related to drilling will challenge the growth of the market participants. To increase their oil and gas well conductor installation services market share, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this oil and gas well conductor installation services market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the services offered by various companies. Moreover, this oil and gas well conductor installation services market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the sustainability and prospects of several leading oil and gas well conductor installation service companies, including:

• Acteon Group Ltd.
• AOS Orwell Ltd.
• Baker Hughes, a GE Co. LLC
• China Oilfield Services Ltd.
• Frank's International NV
• Koninklijke Wagenborg BV
• Overseas Petroleum Engineering Service Co.
• Pinnergy Ltd.
• Sanguine Oilfield Services LLP
• Solidgro Energy Sdn Bhd

Oil and Gas Well Conductor Installation Services Market: Segmentation by Region

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North America is one of the largest markets for oil and gas well conductor installation services in 2018, and the region will offer several growth opportunities to market participants during the forecast period. The increase in onshore and offshore oil and gas projects and the rising investments and initiatives undertaken by various governments will contribute to oil and gas well conductor installation services market growth in this region.

Almost 43% of the market’s growth will originate from North America during the forecast period. The US is a key market for oil and gas well conductor installation services in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.

Oil and Gas Well Conductor Installation Services Market: Segmentation by Application

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The recovery in crude oil prices has resulted in increasing investments in onshore oil and gas E&P activities. Oil and gas E&P activities in shale and oil gas reservoirs have increased production in the onshore segment. Thus, the rise in onshore oil and gas E&P activities will drive the growth of the oil and gas well conductor installation services market in this segment.

Market growth in this segment will be slower than the growth of the market in the offshore segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the oil and gas well conductor installation services market size.

Oil and Gas Well Conductor Installation Services Market: Key Drivers and Trends

The increasing investments in upstream E&P activities will be a significant factor driving the growth of the oil and gas well conductor installation services market. Rising population and increasing industrial developments have increased the global energy demand. As a result, governments of various countries are undertaking several initiatives to increase oil and gas production and achieve energy security. Technological advancements have enabled the exploration of untapped oil and gas resources. Oil and gas operators are increasingly investing in mature oilfields to address the declining production of oilfields and maximize their revenue.

Moreover, upstream oil and gas companies are adopting various E&P technologies to tap unconventional reserves, such as shale oil and gas and oil sands. With increasing upstream investments, the demand for oil and gas well conductor installation will also grow as it is an essential component in the oil and gas drilling process and has several functions, such as preventing well collapse. These factors are expected to boost the growth of the oil and gas well conductor installation services market during the forecast period.

• Developments in conductor installation have been identified as critical oil and gas well conductor installation services market trends contributing to market growth.
• The per-day costing of renting rigs in offshore wells is higher than those of onshore rigs because of the low availability of new E&P activities.
• As a result, oil and gas companies are increasingly focusing on reducing the rig time to balance the demand and supply of offshore rigs and to minimize the per-day cost of renting rigs in offshore wells.
• This has encouraged market vendors to launch various technologically advanced products that minimize the time required for installing conductor pipes.
• For instance, Conductor Anchor Node (CAN) technology launched by NeoDrill AS needs less rig time to install oil and gas conductor pipe on the seabed.
• Such technological advancements will boost the popularity of oil and gas well conductor installation services and consequently fuel the growth of the market during the next five years.
• During 2019-2023, the oil and gas well conductor installation services market will grow at a CAGR of almost 7%.

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Oil and Gas Well Conductor Installation Services Market: Key Highlights of the Report for the Forecast Period 2019-2023

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the oil and gas well conductor pipe installation services market during the next five years
• Precise estimation of the global oil and gas well conductor installation services market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the oil and gas well conductor installation services industry across the APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of oil and gas well conductor installation service providers

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