Canada is one of the very important market for artificial lift systems because of the increased usage of this technique to remove oil.
Artificial lift is a process used on oil wells to increase pressure within the reservoir and encourage oil to the surface. When the natural drive energy of the reservoir is not strong enough to push the oil to the surface, artificial lift is employed to recover more production.
While some wells contain enough pressure for oil to rise to the surface without stimulation, most don't, requiring artificial lift. In fact, 96% of the oil wells in the US require artificial lift from the very beginning
Even those wells that initially posses natural flow to the surface, that pressure depletes over time, and artificial lift is then required. Therefore, artificial lift is generally performed on all wells at some time during their production life.
Although there are several methods to achieve artificial lift, the two main categories of artificial lift include pumping systems and gas lifts.
The most common type of artificial lift pump system applied is beam pumping, which engages equipment on and below the surface to increase pressure and push oil to the surface. Consisting of a sucker rod string and a sucker rod pump, beam pumps are the familiar jack pumps seen on onshore oil wells.
Another artificial lift pumping system, hydraulic pumping equipment applies a downhole hydraulic pump, rather than sucker rods, which lift oil to the surface. Here, the production is forced against the pistons, causing pressure and the pistons to lift the fluids to the surface. Similar to the physics applied in waterwheels powering old-fashion gristmills, the natural energy within the well is put to work to raise the production to the surface.
Electric submersible pump systems employ a centrifugal pump below the level of the reservoir fluids. Connected to a long electric motor, the pump is composed of several impellers, or blades, that move the fluids within the well. The whole system is installed at the bottom of the tubing string. An electric cable runs the length of the well, connecting the pump to a surface source of electricity.
What the Report Offers
1. EXECUTIVE SUMMARY
2. RESEARCH APPROACH AND METHODOLOGY
3. MARKET OVERVIEW
3.2 Market Size and Demand Forecast to 2022
3.3 Recent Trends and Developments
4. MARKET DYNAMICS
5. PESTLE ANALYSIS
6. PORTER'S FIVE FORCES FRAMEWORK
6.1 Bargaining Power of Suppliers
6.2 Bargaining Power of Consumers
6.3 Threat of New Entrants
6.4 Threat of Substitute Products and Services
6.5 Competitive Rivalry
7. CANADA ARTIFICIAL LIFT SYSTEMS MARKET ANALYSIS, BY DEPLOYMENT
7.1.1 Market Overview
7.1.2 Market Size and Demand Forecast to 2022
7.2.1 Market Overview
7.2.2 Market Size and Demand Forecast to 2022
8. CANADA ARTIFICIAL LIFT SYSTEMS MARKET ANALYSIS, BY TYPE
8.1 Electric Submersible Pump Systems
8.1.2 Market Size and Demand Forecast to 2022
8.2 Rod Lift Systems
8.2.2 Market Size and Demand Forecast to 2022
8.3 Progressing Cavity Pump Lifting Systems
8.3.2 Market Size and Demand Forecast to 2022
8.4 Gas-Lift Systems
8.4.2 Market Size and Demand Forecast to 2022
8.5.2 Market Size and Demand Forecast to 2022
9. KEY UPSTREAM PROJECTS
9.1 Ongoing Projects
9.2 Upcoming Projects
10. KEY COMPANY ANALYSIS (Overview, Products and Services, Financials**, Recent Developments)
10.1 OEM's and Service Companies
10.1.1 Baker Hughes, a GE company
10.1.2 Dover Corporation
10.1.3 Halliburton Company
10.1.4 National Oilwell Varco Inc.
10.1.5 Schlumberger Limited
10.1.6 Weatherford International Ltd
10.2 Oil & Gas Operating Companies
10.2.1 Suncor Energy
10.2.2 Canadian Natural Resources Limited
10.2.3 Imperial Oil Ltd
10.2.4 Husky Energy Inc.
10.2.5 Cenovus Energy Inc.
(- List is Not Exhaustive)
11. COMPETITIVE LANDSCAPE
11.1 Mergers & Acquisitions
11.2 Joint Ventures, Collaborations and Agreements
12. FUTURE OF THE CANADA ARTIFICIAL LIFT SYSTEMS MARKET
**Subject To Availability