Market for intelligent wells may triple in next 5 years

The market for intelligent well completions may grow to $600 million in 2010 from the estimated $200 million in 2005, according to Kevin Wood, Susquehanna Financial Group (SFG) oil field services analyst.This technology helps enable operating companies to develop fields by providing them with a means to control and monitor, remotely from the surface, the flow to and from multiple reservoirs within a single well.The marketWood estimates that 60-70% of the intelligent well completion systems installed are in high-cost critical wells with high intervention costs. Deepwater offshore wells account for most critical well applications. The remaining 30-40% of intelligent well systems are in matu...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected