The Critical Role and Responsibility of Oilfield Services Companies

 

The oil and gas industry is one of the key drivers of the global economy, with oil being a significant liquid asset. No wonder its price activity is monitored and scrutinized by the financial market players regularly, just like gold, share, bonds, and cryptocurrency. All over the world, people use more than 100 million barrels of oil every day, adding up to 36 billion barrels each year. Any industry with such importance has multiple institutional players working together to keep the operational machinery running. In this case, it’s the oilfield services companies that contribute to the sector substantially. 

 

The oilfield services companies such as the internationally renowned SAZ Oilfield Services work very closely alongside the drilling entities and rigs offering required support. These enterprises are spread all across the world, especially operating out of places that have natural oil and gas reserves. SAZ Oilfield Services, for one, offers an extensive portfolio of well completion products and services guided by an expert team of technically sound professionals. In this blog, we will talk about the essential role and operations executed by oilfield services companies, with a reference to the work done by SAZ Oilfield Services.

 

Well Completion

 

The well completion is a process of preparing a drilled oil rig for production through the installation of critical and required equipment inside the well, enabling controlled and safe inflow of the oil and gas. It involves multiple steps, including casing of the well, cementing, perforation, gravel packing, and ultimately installation of a natural resource production tree. It is a highly crucial task executed by oilfield services companies.

 

SAZ Oilfield Services is known to offer trusted and affordable well completion solutions through their long-term procurement arrangement with chosen Original Equipment Manufacturers. With their help, the company ensures the most seamless hardware integration to execute a wide range of operations from the wellhead to the sand face. They also cater to a complete portfolio of well completion products, including downhole packers and other completion accessories for both offshore and onshore applications.  

 

Sand Management 

 

Sand management or sand control is a risk mitigation protocol at oilfields, which is induced when the traditional methods fail to procure the desired results of checking the flow of oil or gas. In this process, the production and extraction of natural oil and gas are managed by monitoring and control the well pressure, sand influx, and fluid inflow rate. Sand management involves the application of advanced technology to enable quantitative sand flux tracking in real-time.

 

SAZ Oilfield Services offers an extensive range of solutions and products associated with the application of sand control and flow control to mitigate diverse sand control risks and challenges. They have an impressive inventory of industry-grade and superior quality sand control screens, inflow control device, liner hanger equipment, gravel pack tools, along with modular screen plant that enables successful sand screen deployment for both open-hole and cased well completions.

 

Plug and Abandonment

 

Plug and abandonment is yet another crucial job executed by the oilfield services companies when there appears a need to seal an old and matured well, which is no longer capable of production. Following a complete performance and output analysis, the reservoir is plugged with cement to prevent the seeping of oil residues with the nearby water bodies. SAZ Oilfield Services comes with a plethora of essential and advanced equipment ranging from bridge plugs, cement retainers to downhole packers needed for plug and abandonment.

 

These are essential operations that are conducted or assisted by oilfield services companies like SAZ. The global market constituting oilfield services is projected to grow at a CAGR of 6.6% reaching 346.45 billion USD by 2017. That staggeringly high number speaks volumes about the relevance of such companies in our global economy.