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HOME Top Market Reports Perforating Gun Market by Gun Type (Wireline Conveyed, Tubing Hollow Carrier, Tubing Strip, Tubing Conveyed), Depth (Up to 3000ft, 3000–8000ft, Above 8000ft), Well Type (Horizontal, Vertical), Well Pressure (High, Low), and Region - Global Forecast to 2022

Perforating Gun Market by Gun Type (Wireline Conveyed, Tubing Hollow Carrier, Tubing Strip, Tubing Conveyed), Depth (Up to 3000ft, 3000–8000ft, Above 8000ft), Well Type (Horizontal, Vertical), Well Pressure (High, Low), and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: October 2017
Report Code: EP 5695

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[149 Pages Report] The global perforating gun market was valued at USD 724.3 Million in 2016 and is expected to reach USD 898.7 Million by 2022 at a CAGR of 3.71%, from 2017 to 2022. Rising oil and gas production, increase in the average well depth over the years, growing complexity of reservoir conditions, and increased shale gas exploration are the major factors driving the perforating gun market.

The years considered for the study are as follows:

  • Base Year- 2016
  • Estimated Year- 2017
  • Projected Year- 2022
  • Forecast Period- 2017 to 2022

The base year considered for company profiles is 2016. Whenever information was unavailable for the base year, the prior year has been considered.

Increasing shale gas exploration and production will drive the global perforating gun demand close to USD 879 million by 2022

Perforating guns are designed to hold an array of explosive charges and are lowered into the well to the depth where the connection to the reservoir is made. The gun is then fired to make multiple holes in the casing. The multiple fractures made by the perforating gun act as channels through which reservoir fluids, in the form of hydrocarbons, flow from the formation into the wellbore and up to the surface

Renewable energy is likely to offset thermal power and contribute to 50% of global power in the next few decades. This growth of renewables is set to slowdown the perforating gun market

Some of the largest producers of oil & gas, countries such as the US, Canada, and China, have started focusing on renewable energy to reduce their carbon footprints. Between now and 2022, the EIA predicts that renewables will account for most of the new power; by 2040, the US market share could increase to 18% from 13% in 2013. Global investments in the renewable energy sector increased by 5%, reaching USD 241.6 billion, in 2016. This increase in investments is likely to affect the growth of oil & gas-based power plants. This is expected to directly impact the oil & gas industry, especially production activities, which would curb the market for perforating guns.

Objectives of the Study

  • To define, describe, segment, and forecast the global perforating gun market by well type, gun type, well pressure, well depth, and region
  • To provide detailed information about the major factors influencing the growth of the perforating gun market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the perforating gun market with respect to individual growth trends, future prospects, and contribution of each segment to the market
  • To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
  • To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the perforating gun market
  • To benchmark players within the market using proprietary competitive leadership mapping, which analyzes market players on various parameters within the broad categories of business and product strategies
  • To strategically profile key players and comprehensively analyze their market shares and core competencies

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global perforating gun market. Primary sources are mainly industry experts from core and related industries, service providers, technology developers, standards and certification organizations of companies, and organizations related to all segments of this industry’s supply chain. The points below explain the research methodology.

  • Study of the annual revenues and market developments of the major players providing perforating guns
  • Analysis of well data and demand for perforating guns from government repositories
  • Assessment of future trends and growth of the perforating gun market
  • Assessment of the perforating gun market with respect to the demand for each type of perforating gun system
  • Analysis of market trends in various regions or countries by studying the well depth of perforating guns in various well types  
  • Study of contracts and developments related to the perforating gun market by key players across different regions
  • Finalization of overall market sizes by triangulating the supply-side data, which includes product developments and annual revenues of companies providing perforating guns across the globe

After arriving at the overall market size, the total market has been split into several segments and sub-segments. The figure below illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.

Perforating Gun Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The perforating gun ecosystem comprises equipment manufacturers such as National Oilwell Varco (US), DynaEnergetics (US), Hunting (UK), and Yellow Jacket Oil Tools (US) and systems providers such as Baker Hughes (US), Schlumberger (US), Halliburton (US), and Weatherford (US).

Target Audience:

The target audience of this report includes:

  • Equipment/component asset management system providers
  • Electric utilities
  • Current/voltagemeasurement device manufacturers and integrators
  • Government agencies
  • Investors and financial community professionals
  • Market research and consulting firms
  • Government and research organizations

Scope of the Report:

By Gun Type

  • Wireline Conveyed Casing
  • Through Tubing Hollow Carrier
  • Through Tubing Strip
  • Tubing Conveyed Perforating

By Well Type

  • Vertical
  • Horizontal

By Well Pressure

  • High Pressure
  • Low Pressure

By Depth

  • Up to 3,000 ft.
  • 3,000–8,000 ft.
  • Above 8,000 ft.

By Region

  • North America
  • Asia Pacific
  • Europe
  • Middle East
  • South America
  • Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

Further breakdown of region- or country-specific analysis

Company Information

Detailed analysis and profiling of additional market players (up to 5)

Tubing conveyed perforating guns had almost 56.0% market in U.S in 2017

Perforating Gun Market

Oilfield operators, equipment manufacturers and systems providers are affected by fluctuating crude oil prices and environmental laws. The recent slump in the oil prices has led to a decrease in drilling activities, which has had a negative effect on key players as their investments in potential crude oil reserves have been delayed.

Market Dynamics

Perforating Gun Market

Key questions

  • The new reservoirs are found deep down the earth surface as compared to the conventional wells. Will this trend show a positive indication for perforating gun market?
  • Are the complexities in the horizontal drilling tends to attract the market of perforating gun for well fracturing purpose?
  • How is the market for customized perforating guns made up of special materials for high pressure and temperature wells?
  • Which are the substitute products and how big is the threat from them?

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Perforating Guns Market: Market Segmentation
           1.3.2 Regional Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions
           2.4.1 Assumptions of the Research Study

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 32)
    4.1 Perforating Gun Market, By Country
    4.2 Perforating Gun Market, By Well Type
    4.3 Perforating Gun Market, By Well Pressure
    4.4 Perforating Gun Market, By Gun Type
    4.5 North American Perforating Gun Market

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rising Oil & Gas Production
                    5.2.1.2 Increase in the Average Well Depth Over the Years
                    5.2.1.3 Growing Complexity of Reservoir Conditions
                    5.2.1.4 Increased Shale Gas Exploration
           5.2.2 Restraints
                    5.2.2.1 Declining Number of Newly Drilled Wells
                    5.2.2.2 Increasing Focus on Renewable Energy
           5.2.3 Opportunities
                    5.2.3.1 Advances in Perforation Technology
                    5.2.3.2 Reperforation of Old Wells
           5.2.4 Challenges
                    5.2.4.1 Anti-Terrorism Regulations Restricting the Use of New Explosives
                    5.2.4.2 Success Rate of Exploration
    5.3 Perforating Gun Market Ecosystem
           5.3.1 Equipment Manufacturers
           5.3.2 Systems Providers
           5.3.3 Oilfield Operators

6 Perforating Gun Market, By Gun Type (Page No. - 43)
    6.1 Introduction
    6.2 Through Tubing Hollow Carrier
    6.3 Wireline Conveyed Casing
    6.4 Through Tubing Strip
    6.5 Tubing Conveyed Perforating

7 Perforating Gun Market, By Depth (Page No. - 49)
    7.1 Introduction
    7.2 Up to 3,000 ft.
    7.3 3,000–8,000 ft.
    7.4 Above 8,000 ft.

8 Perforating Gun Market, By Well Type (Page No. - 53)
    8.1 Introduction
    8.2 Horizontal
    8.3 Vertical

9 Perforating Gun Market, By Well Pressure (Page No. - 57)
    9.1 Introduction
    9.2 High Pressure
    9.3 Low Pressure

10 Perforating Gun Market, By Region (Page No. - 61)
     10.1 Introduction
     10.2 North America
             10.2.1 By Gun Type
             10.2.2 By Well Type
             10.2.3 By Well Pressure
             10.2.4 By Depth
             10.2.5 By Country
                        10.2.5.1 US
                        10.2.5.2 Canada
                        10.2.5.3 Mexico
     10.3 South America
             10.3.1 By Gun Type
             10.3.2 By Well Type
             10.3.3 By Well Pressure
             10.3.4 By Depth
             10.3.5 By Country
                        10.3.5.1 Venezuela
                        10.3.5.2 Brazil
                        10.3.5.3 Ecuador
                        10.3.5.4 Argentina
                        10.3.5.5 Rest of South America
     10.4 Europe
             10.4.1 By Well Type
             10.4.2 By Well Type
             10.4.3 By Well Pressure
             10.4.4 By Depth
             10.4.5 By Country
                        10.4.5.1 Russia
                        10.4.5.2 UK
                        10.4.5.3 Norway
                        10.4.5.4 Kazakhstan
                        10.4.5.5 Rest of Europe
     10.5 Asia Pacific
             10.5.1 By Gun Type
             10.5.2 By Well Type
             10.5.3 By Well Pressure
             10.5.4 By Depth
             10.5.5 By Country
                        10.5.5.1 Australia
                        10.5.5.2 India
                        10.5.5.3 Malaysia
                        10.5.5.4 China
                        10.5.5.5 Indonesia
                        10.5.5.6 Rest of Asia Pacific
     10.6 Middle East
             10.6.1 By Gun Type
             10.6.2 By Well Type
             10.6.3 By Well Pressure
             10.6.4 By Depth
             10.6.5 By Country
                        10.6.5.1 Saudi Arabia
                        10.6.5.2 Iraq & Kurdistan
                        10.6.5.3 Iran
                        10.6.5.4 UAE
                        10.6.5.5 Rest of the Middle East
     10.7 Africa
             10.7.1 By Gun Type
             10.7.2 By Well Type
             10.7.3 By Well Pressure
             10.7.4 By Depth
             10.7.5 By Country
                        10.7.5.1 Algeria
                        10.7.5.2 Libya
                        10.7.5.3 Nigeria
                        10.7.5.4 Angola
                        10.7.5.5 Rest of Africa

11 Competitive Landscape (Page No. - 96)
     11.1 Introduction
             11.1.1 Key Company Focus Area
                        11.1.1.1 Growth Strategies in the Perforating Gun Market
     11.2 Market Ranking Analysis
             11.2.1 Global Market Scenario
     11.3 Competitive Situations & Trends
             11.3.1 Contracts & Agreements, 2015–2017
             11.3.2 New Product Developments
             11.3.3 Investments & Expansions
             11.3.4 Mergers & Acquisitions

12 Company Profiles (Page No. - 102)
(Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, MnM View)*
     12.1 Baker Hughes
     12.2 Schlumberger
     12.3 Weatherford
     12.4 Halliburton
     12.5 National Oilwell Varco
     12.6 Dynaenergetics
     12.7 Hunting PLC
     12.8 Yellow Jacket Oil Tool
     12.9 Promperforator
     12.10 Core Laboratories
     12.11 Shaanxi Fype Rigid Machinery
     12.12 Zao Ntf Perfotech
     12.13 Tassaroli
     12.14 Fhe USA
     12.15 Oiltech Service

*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 140)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (77 Tables)

Table 1 Perforating Gun Market Snapshot
Table 2 Market Size, By Gun Type, 2015–2022 (USD Million)
Table 3 Through Tubing Hollow Carrier: Perforating Gun Market Size, By Region, 2015–2022 (USD Million)
Table 4 Wireline Conveyed Casing: Market Size, By Region, 2015–2022 (USD Million)
Table 5 Through Tubing Strip: Market Size, By Region, 2015–2022 (USD Million)
Table 6 Tubing Conveyed Perforating: Market Size, By Region, 2015–2022 (USD Million)
Table 7 Perforating Gun Market Size, By Depth, 2015–2022 (USD Million)
Table 8 Up to 3,000 ft.: Market Size, By Region, 2015–2022 (USD Million)
Table 9 3,000–8,000 ft.: Market Size, By Region, 2015–2022 (USD Million)
Table 10 Above 8,000 ft.: Market Size, By Region, 2015–2022 (USD Million)
Table 11 The Vertical Well Segment is Expected to Hold the Largest Market Share During the Forecast Period
Table 12 Perforating Gun Market Size, By Well Type, 2015–2022 (USD Million)
Table 13 Horizontal: Market Size, By Region, 2015–2022 (USD Million)
Table 14 Vertical: Perforating Gun Market Size, By Region, 2015–2022 (USD Million)
Table 15 Market Size, By Well Pressure, 2015–2022 (USD Million)
Table 16 High Pressure: Market Size, By Region, 2015–2022 (USD Million)
Table 17 Low Pressure: Market Size, By Region, 2015–2022 (USD Million)
Table 18 Perforating Gun Market, By Region, 2015–2022 (USD Million)
Table 19 North America: Market Size, By Gun Type, 2015–2022 (USD Million)
Table 20 North America: Market Size, By Well Type, 2015–2022 (USD Million)
Table 21 North America: Market Size, By Well Pressure, 2015–2022 (USD Million)
Table 22 North America: Market Size, By Depth, 2015–2022 (USD Million)
Table 23 North America: Market Size, By Country, 2015–2022 (USD Million)
Table 24 US: Market Size, By Well Type, 2015–2022 (USD Million)
Table 25 Canada: Market Size, By Well Type, 2015–2022 (USD Million)
Table 26 Mexico: Market Size, By Well Type, 2015–2022 (USD Million)
Table 27 South America: Market Size, By Gun Type, 2015–2022 (USD Million)
Table 28 South America: Market Size, By Well Type, 2015–2022 (USD Million)
Table 29 South America: Market Size, By Well Pressure, 2015–2022 (USD Million)
Table 30 South America: Market Size, By Depth, 2015–2022 (USD Million)
Table 31 South America: Market Size, By Country, 2015–2022 (USD Million)
Table 32 Venezuela: Market Size, By Well Type, 2015–2022 (USD Million)
Table 33 Brazil: Market Size, By Well Type, 2015–2022 (USD Million)
Table 34 Ecuador: Market Size, By Well Type, 2015–2022 (USD Million)
Table 35 Argentina: Market Size, By Well Type, 2015–2022 (USD Million)
Table 36 Rest of South America: Market Size, By Well Type, 2015–2022 (USD Million)
Table 37 Europe: Market Size, By Gun Type, 2015–2022 (USD Million)
Table 38 Europe: Market Size, By Well Type, 2015–2022 (USD Million)
Table 39 Europe: Market Size, By Well Pressure, 2015–2022 (USD Million)
Table 40 Europe: Market Size, By Depth, 2015–2022 (USD Million)
Table 41 Europe: Market Size, By Country, 2015–2022 (USD Million)
Table 42 Russia: Market Size, By Well Type, 2015–2022 (USD Million)
Table 43 UK: Market Size, By Well Type, 2015–2022 (USD Million)
Table 44 Norway: Market, By Well Type, 2015–2022 (USD Million)
Table 45 Kazakhstan: Market Size, By Well Type, 2015–2022 (USD Million)
Table 46 Rest of Europe: Market Size, By Well Type, 2015–2022 (USD Million)
Table 47 Asia Pacific: Market Size, By Gun Type, 2015–2022 (USD Million)
Table 48 Asia Pacific: Market Size, By Well Type, 2015–2022 (USD Million)
Table 49 Asia Pacific: Market Size, By Well Pressure, 2015–2022 (USD Million)
Table 50 Asia Pacific: Market Size, By Depth, 2015–2022 (USD Million)
Table 51 Asia Pacific: Market Size, By Country, 2015–2022 (USD Million)
Table 52 Australia: Market Size, By Well Type, 2015–2022 (USD Million)
Table 53 India: Market, By Well Type, 2015–2022 (USD Million)
Table 54 Malaysia: Market Size, By Well Type, 2015–2022 (USD Million)
Table 55 China: Market Size, By Well Type, 2015–2022 (USD Million)
Table 56 Indonesia: Market, By Well Type, 2015–2022 (USD Million)
Table 57 Rest of Asia Pacific: Market Size, By Well Type, 2015–2022 (USD Million)
Table 58 Middle East: Market Size, By Gun Type, 2015–2022 (USD Million)
Table 59 Middle East: Market Size, By Well Type, 2015–2022 (USD Million)
Table 60 Middle East: Market Size, By Well Pressure, 2015–2022 (USD Million)
Table 61 Middle East: Market Size, By Depth, 2015–2022 (USD Million)
Table 62 Middle East: Market Size, By Country, 2015–2022 (USD Million)
Table 63 Saudi Arabia: Market Size, By Well Type, 2015–2022 (USD Million)
Table 64 Iraq & Kurdistan: Market, By Well Type, 2015–2022 (USD Million)
Table 65 Iran: Market, By Well Type, 2015–2022 (USD Million)
Table 66 UAE: Market, By Well Type, 2015–2022 (USD Million)
Table 67 Rest of the Middle East: Market Size, By Well Type, 2015–2022 (USD Million)
Table 68 Africa: Market Size, By Gun Type, 2015–2022 (USD Million)
Table 69 Africa: Market Size, By Well Type, 2015–2022 (USD Million)
Table 70 Africa: Market Size, By Well Pressure, 2015–2022 (USD Million)
Table 71 Africa: Market Size, By Depth, 2015–2022 (USD Million)
Table 72 Africa: Market Size, By Country, 2015–2022 (USD Million)
Table 73 Algeria: Market, By Well Type, 2015–2022 (USD Million)
Table 74 Libya: Market, By Well Type, 2015–2022 (USD Million)
Table 75 Nigeria: Market, By Well Type, 2015–2022 (USD Million)
Table 76 Angola: Market, By Well Type, 2015–2022 (USD Million)
Table 77 Rest of Africa: Market Size, By Well Type, 2015–2022 (USD Million)


List of Figures (38 Figures)

Figure 1 Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Data Triangulation Methodology
Figure 5 The Vertical Well Type Segment is Expected to Lead the Perforating Gun Market in 2017
Figure 6 The Tubing Conveyed Perforating Subsegment of the Gun Type Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 7 The High Pressure Segment is Expected to Lead the Perforating Gun Market During the Forecast Period
Figure 8 North America is Estimated to Hold the Largest Share of the Perforating Gun Market in 2017
Figure 9 Attractive Opportunities in the Perforating Gun Market, 2017–2022
Figure 10 US to Lead the Perforating Gun Market During the Forecast Period
Figure 11 The Horizontal Well Type Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 12 The High Pressure Well Subsegment is Expected to Lead the Well Pressure Segment of the Market in 2017
Figure 13 The Wireline Conveyed Casing Gun Segment is Expected to Grow at the Fastest CAGR From 2017 to 2022
Figure 14 The US Held the Largest Share of the North American Perforating Gun Market in 2016
Figure 15 Rising Oil & Gas Production to Drive the Perforating Gun Market
Figure 16 World Crude Oil Annual Production vs Consumption, 2012–2016
Figure 17 World Natural Gas Production vs Consumption, 2012–2016
Figure 18 Shale Gas Production in Top Countries, 2015–2040
Figure 19 Total Number of Uncompleted Wells, the Us, 2013–2016
Figure 20 Electricity Production From Renewable Energy Sources, 2015
Figure 21 Perforating Gun Market Ecosystem
Figure 22 The Tubing Conveyed Perforating Segment is Expected to Hold the Largest Market Share During the Forecast Period
Figure 23 The 3,000–8,000 ft. Segment is Expected to Dominate the Perforating Gun Market
Figure 24 The High Pressure Segment is Expected to Hold the Largest Market Share During the Forecast Period
Figure 25 Leading Countries Snapshot: Perforating Gun Market, 2017–2022
Figure 26 North America: Market Snapshot
Figure 27 Asia Pacific: Market Snapshot
Figure 28 Key Developments in the Perforating Gun Market, 2014–2017
Figure 29 Market Ranking Based on Revenue, 2016
Figure 30 Battle for Market Share (2014–2017): Contracts & Agreement Was the Key Strategy Adopted By Players in the Perforating Gun Market
Figure 31 Market Evaluation Framework: Contracts & Agreements, New Product Launches, Fueled the Growth of Companies, 2014–2017
Figure 32 Baker Hughes: Company Snapshot
Figure 33 Schlumberger: Company Snapshot
Figure 34 Weatherford: Company Snapshot
Figure 35 Halliburton: Company Snapshot
Figure 36 National Oilwell Varco: Company Snapshot
Figure 37 Hunting: Company Snapshot
Figure 38 Core Laboratories: Company Snapshot

The global perforating gun market is projected to grow at a CAGR of 3.71%, during the forecast period, from an estimated USD 749.0 Million in 2017 to a projected USD 898.7 Million by 2022.

This growth can be attributed to an increase in oil & gas production, increased shale gas exploration, growing complexity of reservoir conditions, and increase in the average well depth over the years.

The report segments the perforating gun market, by gun type, into wireline conveyed casing, through tubing hollow carrier, through tubing strip, and tubing conveyed perforating. Tubing conveyed perforating segment is expected to account for the largest share of the perforating gun market, by gun type, as it has been effectively used for many years in various applications such as perforation in underbalanced conditions, high angle/horizontal well perforation, and coiled tubing used as a perforating string. In North America, investments in shale gas exploration made in the US, Canada, and Mexico would provide attractive opportunities for the perforating gun market.

The perforating gun market has been segmented, by well type, into vertical and horizontal. The horizontal segment is expected to grow at the highest CAGR, from 2017 to 2022, due to increasing reperforation of old wells which require multiple perforations for a single well from the same reservoir.

In this report, the perforating gun market has been analyzed with respect to 6 regions, namely, North America, Europe, Asia Pacific, the Middle East, South America, and Africa. North America is projected to dominate the global perforating gun market by 2022 due to increasing oil & gas activities in the region. The market in North America is also expected to grow at the highest CAGR from 2017 to 2022. This growth is attributed to increased investments in the upstream oil & gas sector, especially in the US. This will ultimately create an opportunity for the perforating gun market.

Perforating Gun Market

The declining number of newly drilled wells, where perforating guns are widely used, could be a restraint for the market.

The leading players in the perforating gun market include Schlumberger (US), Baker Hughes (US), Weatherford (US), Halliburton (US), and DynaEnergetics (US). Contracts & agreements was the strategy most commonly adopted by top players, accounting for 57.1% of the total developments, from 2014 to June 2017. It was followed by new product developments, mergers & acquisitions, and expansions.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

The wireline conveyed casing type of perforating gun segment is expected to constitute the fastest growing from 2017-2022

Wireline conveyed casing guns

Wireline conveyed casing guns are usually applicable in wells after the cementing process is complete. There are various advantages to wireline conveyed casing guns over other wireline guns which make them the preferred choice in most well formations. These advantages include high charge performance, low cost of the gun, high pressure and temperature ratings, high electrical and mechanical reliability, minimal casing damage and minimal debris, instant shot detection, multi-phasing, and variable shot densities of 1 to 12 shots per foot.

Tubing hollow carrier guns

Through tubing hollow carrier guns are smaller versions of casing guns that can be run through tubing. These kinds of guns have lower charge sizes and, therefore, have lower performances as compared to other perforating guns. They offer phasing from 0° to 180°. The maximum shot density of the gun is 4 shots per foot on the 2–1/8” OD gun and 6 shots per foot on the 2-7/8” OD gun providing deep perforation in the reservoir. Moreover, due to the stand-off from the casing which these guns may have, they are usually fitted with decentralizing devices.

Through tubing strip

Through tubing strip guns are semi-expandable guns that consist of metal strips into which the charges are mounted. The charges used in these kinds of guns have comparatively higher performance. These guns provide 0° to 180° phasing. As these guns can be run through tubing, perforating the wells in underbalanced atmospheres can possibly be adopted.

Tubing conveyed perforating

Tubing conveyed perforating guns are casing guns that can be run on tubing. These guns have been effectively used for many years in various applications such as perforation in underbalanced conditions, high angle/horizontal well perforation, and coiled tubing being used as a perforating string. These guns can be used where longer lengths are required in the well. Lengths of over 1,000 ft. can possibly be used in the wells, especially horizontal wells.

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