Report Code: A08575 | Pages: NA | Jul 2023 | 1317 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Choke And Kill Manifold Market
Request Now !Choke and kill manifold is an interconnection of various valves and the entire apparatus acts as the pressure controlling centre for Blow-out preventers (BOP). Since it is used in Blow-out-preventers (BOPs), this part finds huge application in onshore/offshore rigging and drilling fields. It is mostly used in oil and gas production wells to control the flow of well fluids which are produced there. Chokes and kill manifold assembly consists of high-pressure valves, pressure sensors, chokes, spool spacers, buffer tanks, and flanges. These gears are combined on blowout preventer units and assures that movement of drilling fluids from well into buffer tanks, measures compression in annular space of the well head, collect and distribute well fluid. Â Choke and kill manifolds manage well compression variations that happen during drilling by diverting flow through a series of valves and chokes. Commonly oil & gas delivering wells have two choke valves in arrangement, one non-regulating choke valve and one regulating choke valve downstream to the non-regulating choke valve. The regulating choke valve is designed to maintain a steady production level in the flowlines and production header. Non-regulating choke is on-off valve and kill reservoir pressure to a desired operating value in the flow line.Â
Covid-19 scenario analysis:
As the consumption of oil & gas is increasing in countries in developed and emerging countries one of the key factor, which boost the market growth. With more industrialization and urbanization, it has increased the consumption of fuel and this increased the demand for choke and kill manifold equipment. There are some restraints for this market. Drilling activities to explore shale gas and tar sands boost the demand for choke and kill. With plunge in price of oil and gas could result in decline in drilling activities. This could decrease the demand for choke and kill.Â
National Oilwell Varco (NOV) launches new tectonic Pursuit series drill bits for US market. As the US drilling market continues to evolve, operators and drillers chasing target zones that are deeper and farther than ever before. Pursuit drill bits are designed to enhance for increasing drilling efficiency, enabling operators and drillers to complete these intervals faster and at lower cost. The drill bits use computer investigation of torque response along with a torque reduction component to improve directional control and reduce sliding times. Furthermore, Pursuit drills are designed with material improvements that convey increased strength and durability, and cutter life has been boosted by minimizing thermal deprivation.
Increasing demand for drilling activities has increased the demand for choke and kill manifold. Drilling activities are required for shale gas, digging of oil and others, for this choke and kill are the essential equipment for controlling pressure. Companies are targeting on adopting effective measures to boost oil and gas production, which directly augments demand for choke and kill.Â
Key benefits of the report:
Choke and Kill Manifold Market: Global Opportunity Analysis and Industry Forecast 2020-2027 Report Highlights
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Key Market Players | UZTEL S.A., AXON Pressure Products, Inc., Worldwide Oilfield Machine, SRI Energy, Inc., National Oilwell Varco, Probe Oil Tools, YantaiJereh Petroleum Equipment & Technologies Co.Ltd., TechnipFMCplc, Schlumberger Limited, Forum Energy Technologies, Inc. |
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