“Increasing Onshore Exploration”
- One prominent trend in the global multilateral completion systems market is the increasing onshore exploration
- This trend is driven by the rising demand for efficient resource extraction from onshore reservoirs, the need to maximize well productivity, and the economic benefits of using advanced completion technologies to reduce drilling costs
- For instance, companies such as Schlumberger and Halliburton are adopting multilateral systems to enhance recovery rates from mature onshore fields and maximize the utilization of existing well infrastructure
- The appeal of these systems is growing as operators seek cost-effective and environmentally sustainable solutions to meet the rising energy demand while reducing operational costs
- As onshore exploration continues to expand, this trend is expected to fuel market growth and drive technological advancements in well completion systems
