Liner hanger systems are used in the production well to keep the liners intact. Liner is different from casing and is actually a casing string which is hung from another casing string. And to keep this connection at the place, the liner hanger system is required. Liners are used in place of full casing strings and in turn, reduces cost, improves hydraulic performance when drilling seep, allows the use of larger tubing above the liner top.
With time, there have been several improvements in the drilling operations which led to the changes in the liner hanger systems. Present day liner hanger systems include a liner hanger, polished bore receptacle (PBR) and a liner-top packer. The liner hanger systems can be of various kind, premium or standard, mechanical or hydraulic, conventional or expandable, rotating or non-rotating, and pocket slip. There are many manufacturers providing almost every type of liner hangers. The industry is working towards improving the system and increasing its operational efficiency.
TIW
TIW was established in 2017 and has been providing its services to the oil and gas community for over a century now. The company started off as a general oilfield repair facility. It was acquired by Drill-Quip Inc. in 2016. TIW manufactures various types of liner hanger and liner hanger systems the list of which has been mentioned below:
Tianjin Elegant Technology
Tianjin was founded in 2008 in China. It has now a wide network of partner manufacturers and petroleum experts. It provides Sovonex™ liner hanger system which helps in the safe deployment of liners in straight, deviated or horizontal wellbores. The various components of this liner hanger systems are:
Maximus Completion System
Maximus is a manufacturer and supplier of oilfield tools. The company designs the tools according to the demands of its customers. It also provides superior quality completion solutions to its clients across the globe. The components of the liner hanger systems provided by the company are:
Schlumberger
Schlumberger is a leading service provider of the oil and gas industry. It offers recent technology for reservoir characterization, drilling, production, and processing. The company has the most comprehensive range of liner hanger which fit in almost all the requirements of the industry. Some of the liner hanger systems manufactured by the company are:
DEW
DEW is one of the leading manufacturers of liner hanger systems. It has a wide network of clients all around the globe who find the services provided by DEW as highly reliable. The various components of liner hanger systems manufactured by the company are:
With the recovery of the crude market in recent years, there has been a substantial increase in the investment of the offshore drilling projects. Various technological advancements including enhanced oil recovery from reserves are also driving the offshore market. Amidst all the improvements, the liner hanger systems are being used for the deepwater and ultra-deepwater activities thus, improving the market of the liner hangers. The market of liner hanger systems is expected to grow more than USD 950 million during 2019-2023 with the CAGR of nearly 5%.
The demand for liner hanger systems is dependent on the number of wells drilled and completed which can be identified correctly by knowing the rig count. The demand for liner hanger systems remains almost unaffected by the well intervention and work-over activities. The rig count increased by 6.5% in the period of 2017 to May 2018, which is good news for the liner hangers demand. The average rig count in North America has almost doubled in 2018 which made this region one of the largest markets of liner hanger systems in the world.
The liner hanger companies like Baker Hughes, Weatherford, Halliburton and Smith (Schlumberger) have dominated the market of this tool since the very beginning. They have been the major supplier of the tool globally.
Now, with the expected upsurge in the market, the liner hanger systems’ demand will witness a substantial improvement. The industry is working on developing new technologies to enhance its operational efficiency and durability. By the time the industry prepares itself for the upcoming challenges, the liner hanger companies can tap on business opportunities by registering themselves with Energy Dais. It is an online collaborative B2B platform that aims at bringing the oil and gas industry together on a single platform.
Visit Energy Dais for further information and regular industry updates.
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