1. Control downhole tool:
Downhole tool control tools have undergone a transformation from simple mechanical devices to highly intelligent and automated equipment. Traditional downhole control tools rely on mechanical principles, have single functions and low efficiency. With the advancement of science and technology, modern downhole control tools have incorporated advanced technologies such as high-precision sensors, remote control systems, and data analysis software, which have significantly improved operating efficiency and accuracy.
The downhole tool industry is currently facing more important development opportunities. As one of the key equipment for oil and gas exploration and development, the market demand for downhole control tools continues to grow. In terms of market size, as of 2023, the market size of control tools in my country's downhole tool industry will be approximately 15.029 billion yuan, and 7.875 billion yuan in the first half of 2024.
2. Packer:
As a downhole tool with elastic sealing elements, the packer is mainly used to isolate the annular space and isolate the production layer to control the production (injection) fluid and protect the casing. In 1863, Bryson of the United States invented the open hole packer, which was an early milestone in the development of packer technology. Subsequently, Tourt of the United States invented a single rubber tube packer with oil and casing pressure connecting holes, and its rubber tube expands under the wedging action of the cone.
From the early packers with simple structure, single purpose and low performance to the modern high-performance, multi-functional and intelligent packers, it has undergone many technological innovations. The market demand for packers is also increasing. Especially in the development of oil and gas fields under high temperature, high pressure and complex geological conditions, higher requirements are placed on the performance of packers. From the perspective of market size, as of 2023, the market size of packers in my country's downhole tool industry is 11.027 billion yuan.
3. Well repair tools:
Downhole well repair tools are widely used in oil exploration and development, especially in the transformation of old oil fields, oil well maintenance and production management. The market demand for downhole well repair tools is increasing. Especially in the development of oil and gas fields under complex geological conditions, higher requirements are placed on the performance of downhole well repair tools.
From the perspective of market size, the market size of well repair tools is relatively stable, with a market size of 12.088 billion yuan in 2023 and 6.334 billion yuan in the first half of 2024.
Industry competition pattern analysis:
There are many participants in China's downhole tool market, including well-known domestic and foreign oil engineering service companies, downhole tool manufacturers and start-ups.
1. Domestic enterprises occupy a dominant position
After years of development, China's downhole tool industry has formed a group of powerful domestic enterprises, such as oil equipment enterprises under several state-owned large oil companies such as PetroChina, Sinopec and CNOOC. These companies have significant advantages in technology research and development, product manufacturing and market services, and occupy most of the market share.
2. Fierce competition among international companies
After a long period of development, foreign oil equipment companies have the upper hand in integration mode, enterprise scale, operating profit and technology research and development. Although foreign oil equipment companies currently occupy a relatively small share of the domestic oil equipment market, with the further opening of the domestic market and the advancement of the dddhhhgoing outdddhhh strategy of oil companies, the competitive pressure of foreign companies will gradually increase.