Sucker Rod Pumps are important oilfield equipment and is one of the most deployed pieces of machinery for lifting oil and gas from the wells. A sucker rod pump design includes a horsehead, Pitman arms, counter weighs, walking beam, power shaft, cranks, polished rod, and Samson beams. Sucker rod pumps are used to link the downhole pump assembly together with the surface components. These components provide the required pumping motion. The pump undergoes a reciprocating motion so as to lift up the fluids from bottom to the surface. A motor is used to power the motor, which in turn causes the plunger to deliver two strokes. There has been consistent research and development over the years in modifying the design of sucker rod pumps so as to bring more efficiency in the artificial lift process. In this article, let us talk about the top sucker rod manufacturers and the recent enhancements in sucker rod pump design!
Immense Opportunities for Sucker Rod Pump Manufacturers
Oil recovery from drilling wells has been a troublesome process and one of the most important phases. Operators around the world, today, depend largely on Artificial Lift to extract oil and gas from the formations. In fact, 96% of the oil wells drilled across the US need artificial lift from the very beginning. This is attributed to the fact that while some wells contain enough formation pressure for oil to rise to the surface, most wells are not. Even the wells with enough pressure see a gradual drop in the flow. These circumstances necessitate the usage of artificial lift on almost all of the wells at some time during their entire life cycle.
Considering the importance of the oil extraction phase, it becomes essential to deploy a high-performance, high-quality sucker rod pump. A lot of sucker rod pump design modifications have notched up the oil recovery process and has opened up huge business opportunities.
Let us look at some of the global sucker rod manufacturers, who are delivering advanced sucker rods to the oil and gas industry:
Weatherford: With a net worth over $7 billion, Weatherford International is one of the largest oilfield services and equipment providers in the world. Leveraging its more than 70 years old rich experience and expertise, Weatherford delivers innovative sucker rod solutions to the upstream segment. These innovative rod combined with high-efficiency sucker rod pump design results in greater throughput for the operators. The company mostly operates in the areas of formation evaluation, well construction and completion & production. Headquartered in Houston, Texas, Weatherford has a global footprint across 90 countries.
Sivam S.R.L : Leading sucker rod pump manufacturer, Sivam SRL is an Italian oilfield equipment provider. It operates in the sector of oil and gas and delivers various products and services to the industry. The company is an HSEQ Certified ISO 9001, ISO 14001 and OHSAS 18001 firm and has proved its excellence every time. Sivam offers customized services and products to its clients and adapts according to market situations. These are the reasons that have created a strong customer base for the company. Sivam’s portfolio includes products & services such as Artificial lifts, Completion Tools, Surface Equipment, Engineering Projects, Antipollution services and Well Engineering.
3Wins Asia: 3Wins Asia is a Hong Kong-based company that deals in procurement and logistics activities. The company has a rich experience in the domain of oil and gas. Through its innovative pumping unit solutions such as ESP/PCP/ESPCP Pump, Sucker Rod Pump, Injection Pump (Triplex & Duplex), 3Wins Asia has gained a tremendous reputation among drilling operators. The firm has an excellent team of technical support, suppliers, quality inspection agents, logistic and shipping forwarders. The company helps its clients reduce the business risk, and provides direct sourcing facilities.
Insights from Sucker Rod Market
The sucker rod market has seen considerable fluctuation over the years, owing to the corresponding fluctuation in the oil and gas activities. A study conducted by Market Study Group forecasted a 0.2% CAGR in terms of revenue for the sucker rod market over the next five years, pushing the global market size to approximately US$ 860 million by 2024, from US$ 850 million in 2019. This is a significant opportunity for companies involved in sucker rod pump design and manufacturing. As the Drilling operators are now focusing majorly on enhanced oil recovery through methods such as artificial lift, it becomes important to use high-quality sucker rod and sucker rod pumps to realize these opportunities.
B2b platforms for Sucker Rod Pump Manufacturers
Over the years, the traditional business methodologies have contributed very little to the growth rate of a firm, with every phase of the business from buying to selling going digital. The market insights of oilfield equipment has a lot to say about this, which depict a significant rise in online transactions across numerous industries. That is why now the sucker rod suppliers and manufacturers are exploring better business experiences and necessitate a shift to modern technological methods.
Amidst this backdrop, the presence of online B2B platforms has been felt tremendously. Associating your business with such platforms should be a part of long-term growth strategy. Entities who are involved with sucker rod pump design and manufacturing can increase their business growth rate, enhance their ROI and get hold of new customer base through these online platforms.
Energy Dias: Fastest-Growing B2B Platform for O&G
For pump manufacturers who are driving efficiency into the oil recovery process through innovative sucker rod pump design, business limitations such as geography have always been a big obstacle. An industry worth $860 million is debilitated due to the absence of a global marketplace, that is both transparent and digital. Energy Dais tackles this problem effectively, enabling the prospective buyers to discover and partner with the right sucker rod pump manufacturer. A verified oil and gas directory of 25000+ companies brings to the buyers a list of suppliers and manufacturers who can not only supply to them the standardized product but something that fits their requirement. The custom quote option on the product and services category page allows them to tell you, the supplier, the exact requirement for the product. This allows the buyer to establish a trusted relationship with the supplier, and the chances of you getting more such business increase repeatedly considerably.