Key factors in promoting global oil & gas separation market


In recent years, the oilfield industry has developed rapidly and made tremendous contributions to the global economy. The demand for oil in various countries is also growing. With the development of global oil and gas exploitation, oil and gas separation market is also developing continuously. The specific factors are mainly reflected in the following two aspects:


Oil and gas resources account for more than half of the global primary energy consumption. Fossil energy is still the main source of energy in the world. Natural gas consumption is growing rapidly and has become the most contributing energy source to the global primary energy consumption growth (as shown in Figure 1).


Although global energy consumption declined sharply during the period from 2015 to 2016 due to the sharp fall in oil prices, the growth of primary energy consumption has been warming up since 2017 with the recovery of oil prices, the economic growth of emerging economies and the higher requirements of heating and cooling brought about by extreme climate. Among them, oil consumption grew by 54 million tons, up 1.2% year-on-year, natural gas consumption by 143 million tons, up 4.6% year-on-year. It is worth noting that natural gas, as a clean fossil energy, is more and more popular in various countries, and its application in the field of production is also increasing. In 2018, the growth of natural gas consumption accounted for 43.5% of the total global primary energy consumption growth, and it has become the basic energy with the highest contribution rate to global energy growth. Therefore, expanding oil and gas production is still the main goal of the oil and gas industry, which is also the driving force to promote the continuous development and creation of the oil and gas service industry.

Oilfield service technology and equipment: the main line of industry running through oilfield exploration and development


Petroleum and natural gas industry is a multi-link industry involving exploration, development, processing, wholesale, retail and so on. It has a long industrial chain, which can be divided into three parts: upstream production, upstream storage and transportation, and downstream application (as shown in Figure 2). 


Before the downstream application of petroleum and natural gas is realized, processing is needed to meet the gathering and transportation standards. Oil and gas gathering and transportation refers to the whole process of gathering oil, natural gas and other products produced by dispersed oil wells, and transferring qualified crude oil and natural gas to refineries and natural gas users respectively after necessary treatment and initial processing. It mainly includes oil and gas separation, oil and gas metering, crude oil dehydration, natural gas purification, crude oil stabilization, light hydrocarbon recovery and other processes. Oil and gas separation is not only the primary stage of oil and gas gathering and transportation, but also the most important link. If the oil and gas produced in oil wells can not be separated efficiently, the follow-up work will not be carried out. Therefore, in order to stand out among many competitors, oil service enterprises must constantly improve their own technology and equipment performance.


As an oil service enterprise with 15 years of manufacturing and exporting experience, HC Petroleum Equipment can cope with various situations in oilfield industry and utilize professional technology and equipment to solve all the pressures and challenges faced by customers. Our well testing equipment, such as three-phase testing separator, heat exchanger, water jacket furnace, wellhead manifold, etc., has been widely used worldwide and highly appraised by users. Please feel free to contact us if you have any requirement, we will provide you with the best equipment and services.