"Actionable Insights to Fuel Your Growth"

Refracturing Market Size, Share and Global Trend By Location (Onshore, Offshore), By Reservoirs (Shale, Coal Bed Methane (CBM), Tight Reservoirs) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI101092 | Status : Ongoing

 

KEY MARKET INSIGHTS

Need for fossil fuels for different purposes is increasing exponentially across the globe. Growing necessity to operate various electricity generation plants, manufacturing units, automotive, and other industrial operations have led companies to find favorable solutions for maximum fossil fuels recovery. Oil & gas by-products are also readily used in the production of waxes, lubricants, fertilizers, polymers, paints, plastics, and other chemicals.

Fluctuating oil prices globally along with high drilling cost of new wells will positively influence refracturing market growth. Refracturing involves pumping a mixture of fluid into an underperforming well to foster production. It is done to revive an existing vertical or horizontal well to increase oil & gas flow for a longer duration.

To gain extensive insights into the market, Request for Customization


On the basis of location, the refracturing market can be segmented into onshore and offshore. Onshore refracturing is majorly adopted to rejuvenate old low production or uncompleted wells using appropriate proppants inland basins. While offshore refracturing is applied in the large geologic formations present under the seabed. On the basis of reservoirs, the global refracturing market can be divided into shale, coal bed methane (CBM), and tight reservoirs.

Shale refracturing uses multistage fracs coupled with appropriate strategy and design to enhanced production through low permeable shale reserves. Tight reservoirs refracturing can yield excellent results by selecting correct refracturing time and method along with a proper selection of candidate wells.

The major market driver for the global refracturing market is abruptly changing crude oil prices in the international market. Major operators in the oil & gas industry tend to shift towards controlled cost operations and simultaneously access additional reservoir volumes. A well-designed refrac job with appropriate methods & fracking fluids can cost at about 25% of the cost of a new well.

The key market restraint for the global refracturing market is difficulty in selecting the right wells, along with limited expertise to choose correct treatment design. Different parameters, including wellbore integrity, type of fluid, wellbore integrity, and initial well performance, are considered while selecting wells for successful refrac operation.

Key Players Covered


Some of the major companies that are present in the refracturing market are Schlumberger, Halliburton, Apache Corporation, Baker Hughes, a GE company, ConocoPhillips, Trican Well Service Ltd., Comitt Well Solutions LLC, Whiting Petroleum Corporation, and Weatherford.

SEGMENTATION






















SEGMENTATION


 DETAILS


By Location


· Onshore

· Offshore


By Reservoirs


· Shale

· Coal Bed Methane (CBM)

· Tight Reservoirs


By Geography


· North America (The USA and Canada)

· Europe (UK, Italy, Spain, Russia, and Rest of Europe)

· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

· Latin America (Brazil, Mexico, and Rest of Latin America)

· Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)


Regional Analysis


The global refracturing market has been spread into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is likely to dominate the industry during the forecast period. Better technical advancement, along with optimum investments to develop strategies and methods to carry out a refracturing job successfully, will positively influence the USA market outlook. Substantial unconventional reserves, including shale and tight oil across the Latin America region, is projected to enhance regional growth. In the Asia Pacific, increasing energy demand in emerging economies coupled with rising exploration & production activities to suffice needs is anticipated to cater refracturing market across the region.

Key Industry Developments




  • In July 2019, UK based E&P company, Cuadrilla Resources, announced to resume its fracking operations by August end in Lancashire region, England. Hydraulic fracturing equipment is expected to return to the well site and is projected to complete the process by November 2019.
  • In February 2019, Baker Hughes launched a new lightweight frac plug, MILLITE™ to provide a cost-effective and more sturdy option over other counterparts. The company aims at increasing its product’s efficiencies across the non-conventional completion technologies.
  • In November 2018, the US Geological Survey (USGS) evaluated technically recoverable but undiscovered unconventional reserves in Permian basin province. The reserve is anticipated to possess about 281 trillion cubic feet (tcf) of gas along with over 46 billion barrels of oil.




  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Energy & Power Clients

Itochu
Ntt
Caterpillar
Schlumberger
Abb

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X