Global Artificial Lift Market: Trends and Opportunities (2013-2018)
Description- Artificial Lift Market Executive Summary Demand for energy has been increasing in all parts of the world and in order to meet the ends, conventional method of recovery should be modified in order to optimize production from existing reserves. At present mature fields which have been in operation for more than 20 years account for 70% of global crude oil production. Most of these fields experience reservoir pressure deficiency, which is an important production parameter. This situation demands application of external solution in order to address this problem. Artificial lift with its ability to create pressure in the well bore against the formation pressure allows well fluids to flow to the surface. The artificial lift market is segmented as ESP, Rod Lift, PCP, Gas Lift, and other types of lifts. Each category of lift support different purpose and are suited for different reservoir conditions. To Browse a Report Detail with TOC @ http://www.researchmoz.us/