Future-Proofing Client Needs with Ehtca Group and Its Energy Engineering U.S. Partner LGTC’s International Advanced Pressure and Maintenance Solutions
By Admin
Meeting Future Client Needs with Advanced Pressure and Maintenance Control Solutions by Ehtca Group and US Energy Engineering Partner LGTC
At Ehtca Group, we are committed to playing a pivotal role in the future of the oil and gas industry by providing top-tier international maintenance services. Our cutting-edge technology and modern pressure and maintenance control solutions are designed to meet the evolving needs of our clients, ensuring they receive the best possible service.
Pressure control equipment is critical for maintaining optimal pressure levels within a wellbore, especially during well intervention operations, regardless of the conditions. Manufactured to rigorous standards, our equipment is built to withstand the harshest environments, ensuring reliability and efficiency.
The global market for pressure control equipment is on a significant upward trajectory. It is projected to expand from USD 6.8 billion in 2022 to USD 8.9 billion by 2027, reflecting a compound annual growth rate (CAGR) of 5.4%. This growth is driven by several factors, including technological advancements in oilfield equipment, increased global investment in exploration and production (E&P), and a surge in unconventional hydrocarbon production, particularly in North America.
According to the International Energy Agency (IEA), unconventional oil production is anticipated to grow substantially, from 1.8 million barrels per day (mb/d) in 2008 to 7.4 mb/d by 2030. By 2035, unconventional oil production is expected to comprise 15.3% of the total global oil output. This rise in unconventional oil and gas production is leading to more extensive exploration and production activities, thereby boosting the demand for pressure control equipment.
North America stands out as the largest market for pressure control equipment, driven by the burgeoning exploration and production of unconventional oil and gas resources. The region’s status as a new swing producer in the global oil markets is largely due to the boom in shale operations and deepwater exploration and production in the Gulf of Mexico. BP plc. forecasts that North America will contribute 77% of the global shale gas output and 84% of tight oil output by 2035. Additionally, increased capital expenditure by major oil companies is expected to further stimulate exploration and production activities in the region.
At Ehtca Group, we are dedicated to leveraging our expertise and advanced technology to meet the growing demands of our clients. Our international maintenance services are tailored to provide the most modern and effective pressure and maintenance control solutions, ensuring that we remain at the forefront of the industry and continue to exceed our clients’ expectations.Meeting Future Client Needs with Advanced Pressure and Maintenance Control Solutions by Ehtca Group and Its Energy Engineering Partner LGTC.