Companies
involved in providing support activities for oil and gas operations are
offering self-assembling rigs to reduce operating costs and save time.
Self-assembling rigs are automated rigs that can walk at up to 30 feet per
hour, rotate 360 degrees, and can be operated with a remote control.
Conventional oilfield drilling rigs require a crane to assemble them in pieces
and thus consume more time. Self-assembling rigs ship in lower amount of loads,
can assemble automatically, and move faster compared to conventional rigs.
Self-assembling rigs are supported by control room with touchscreen and
joysticks, and 200 sensors to monitor pneumatics, oil flow, and other
processes. Major companies offering self-assembling rigs include Dragon
Drilling Co., Stewart & Stevenson and Atlas Copco.
THE BUSINESS RESEARCH COMPANY EXPECTS THE OIL AND GAS
SUPPORTING ACTIVITIES MARKET TO GROW TO $244 BILLION BY 2021
North
America was the largest region in the oil and gas supporting activities market in
2017, accounting for more than one-fourth market share. This was mainly due to
presence of crude oil extraction and rise of shale producers, thereby driving
demand for outsourced supporting companies.
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According to The
Business Research Company’s Consultant, Nitin Gianchandani, companies providing support activities for oil and gas operations are
using rig-less technology to reduce turnaround time for decommissioning of
wells. Rig-less P&A refers to decommissioning of oil wells wherein
companies need not replace tubes and drill pipes while placing primary or
secondary barriers, thus offering significant cost savings over rig-based
operations Also,the equipment used for rig-less P&A can also be operated at
a water depth of 1600 feet . For instance, Claxton Engineering Services has
carried out plugging and abandoning of more than hundred wells in North Sea using
rig less P&A technology.
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of the report at: https://www.thebusinessresearchcompany.com/sample.aspx?id=86&type=smp
Halliburton
was the largest player in the oil
and gas supporting activities market, with revenues of $9 billion in 2016. Halliburton’s
growth strategies aim at reducing its work force to overcome the deal with
rapid decline in oil prices. Since September 2015, the company has laid off
almost 29 thousand employees globally. It has also increased its service
charges to compensate its losses.
The support activities for oil and gas operations
industry comprises establishments, which provide support activities on a
contract or fee basis for oil and gas operations such as exploration, drilling
and extraction.
Oil And Gas
Supporting Activities Global Market Report 2018 is a detailed report
giving a unique insight into this market. The report is priced at $4000 for an
individual user. To use across your office, the price is $6000 and $8000 if you
wish to use across a multinational company.
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