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Zonal Isolation Market Size

  • Report ID: GMI766
  • Published Date: Dec 2024
  • Report Format: PDF

Zonal Isolation Market Size

The global zonal isolation market size was valued at USD 24.9 billion in 2024 and is estimated to grow at a CAGR of 5.2% from 2025 to 2034. Increasing focus on oil and gas well exploration and production activities, coupled with rising investments in offshore operations, augmenting the business landscape. The expanding capital expenditure budgets, in response to growing oil and gas demand, are driving the need for oilfield equipment and services, which in turn will propel the industry growth.

 

Growing interest in exploring deep and ultra-deep wells, known for their high potential, accelerating deep-water drilling activities, challenges in existing oil well production further accelerated the adoption of zonal isolation methods.
 

For instance, in December 2023, a Canadian operator identified severe corrosion in an adjacent well due to CO2 injection. The corrosion had deteriorated a 20-meter section of 5-1/2" casing. To effectively plug & abandon the primary wellbore, the operator engaged BiSN to install bismuth plugs in open hole at the upper and lower boundaries of CO2-charged lithology. This strategy aimed to create a gas-tight seal above and below the charged strata layer, effectively isolating the well from the source of corrosion.
 

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of zonal isolation reached USD 24.9 billion in 2024 and is set to grow at a 5.2% CAGR from 2025 to 2034, driven by increasing oil and gas exploration and production activities.

The chemical method segment is expected to surpass USD 21.8 billion by 2034, supported by its ability to provide long-term stability and compatibility with drilling fluids and cement.

The U.S. market is projected to exceed USD 6 billion by 2034, led by the presence of mature oil fields, favorable regulatory measures, and untapped oil reserves.

Key players in the market include Archer, Baker Hughes, Calfrac Well Services, Expro, Halliburton, Helix Energy Solutions, Hunting Energy Services, Hydra Well Intervention, NOV, Omega Well Intervention, Schlumberger, Superior Energy Services, TAM International, Trican, Weatherford, Wellcem, and Welltec.

Zonal Isolation Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 17
  • Tables & Figures: 10
  • Countries covered: 20
  • Pages: 110
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