Refracturing Market by Location (Onshore, Offshore), by Reservoirs (Shale, Coal Bed Methane (CBM), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The size of the Refracturing Market was valued at USD 34.47 USD Billion in 2023 and is projected to reach USD 49.81 USD Billion by 2032, with an expected CAGR of 5.4% during the forecast period. Refracturing, also known as refracture stimulation is a method applied in the development of oil and gas wells with an aim of increasing the production of hydrocarbons. It refers to the repetition fracturing operations on well that has undergone fracturing earlier on. There are two main categories of refracturing; the first one is referred to as “re-fracking” in which the original fractures are re-opened or elongated and the second one is called the “re-stimulation” whereby fresh fracturing treatments are introduced. That is why, the main advantages of refracturing include better access to the reservoir, higher rates, and the longevity of wells. The methodology is particularly important in developed areas of the reservoir where the initial stimulation may have been inadequate, or the conditions in the reservoir will be different. It is possible to identify several benefits of refracturing, which can be stated as follows: Refracturing allows enhancing the efficiency of the extraction of resources and can be significantly cheaper than drilling new wells.
Refracturing Trends
Location:
Reservoirs:
The comprehensive refracturing market report covers:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.4% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.4% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
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