Cementing Plugs

Cementing Plugs Market Outlook

The global Cementing Plugs market is anticipated to reach a valuation of approximately USD 1.5 billion by 2035, with a compound annual growth rate (CAGR) of around 4.5% during the forecast period from 2025 to 2035. The growth of this market is primarily driven by the increasing demand for oil and gas exploration activities, coupled with the need for enhanced production efficiency and safety in well construction. Furthermore, the rise in onshore and offshore drilling activities is propelling the demand for cementing plugs, as these components ensure the proper sealing of wellbores and enhance the overall integrity of the well. Additionally, advancements in technology and the introduction of innovative cementing plug designs are likely to boost the market growth further, as they offer improved performance and reliability in various applications. Moreover, the growing emphasis on sustainable practices and environmental regulations is pushing companies to adopt more efficient cementing practices, thereby driving the demand for high-quality cementing plugs.

Growth Factor of the Market

Several key factors are significantly contributing to the growth of the Cementing Plugs market. Firstly, the continuous exploration and production of hydrocarbons both onshore and offshore necessitate the use of advanced cementing technologies, which includes the application of cementing plugs to ensure effective sealing and isolation of wellbore sections. Secondly, the increasing investments in renewable energy projects, particularly geothermal energy, are creating new opportunities for the cementing plugs market as these plugs are essential in geothermal well constructions. Additionally, the upsurge in the number of horizontal drilling operations in response to the growing demand for unconventional resources is further boosting the market, as cementing plugs are critical in securing these complex well designs. Moreover, the ongoing technological advancements in materials and designs, such as the development of low-torque and auto-fill float plugs, are enhancing the performance and operational efficiency of cementing plugs, thereby driving their adoption in the industry. Finally, the rising awareness regarding the importance of well integrity and safety standards across various regions is pushing operators to invest in high-quality cementing solutions, further benefiting the market.

Key Highlights of the Market

• The global Cementing Plugs market is expected to grow at a CAGR of 4.5% from 2025 to 2035.
• Increasing oil and gas exploration activities are a primary driver for market growth.
• The demand for cementing plugs in geothermal energy projects is on the rise.
• Technological advancements in cementing plug designs are enhancing market performance.
• Growing focus on well integrity and safety standards is boosting the cementing plugs adoption.

By Product Type

Top Cementing Plug:

Top cementing plugs are designed to be placed at the top of the cement column, acting as a barrier to prevent cement from flowing back up the wellbore. These plugs are crucial in ensuring that the cement sets properly and achieves optimal bonding with the casing and formation. The demand for top cementing plugs is driven by their effectiveness in providing a reliable seal during the cementing process, which is essential for the integrity of the well. As operators increasingly focus on maximizing cementing efficiency and minimizing costs, top cementing plugs are becoming an essential component in well construction, particularly in challenging drilling environments.

Bottom Cementing Plug:

Bottom cementing plugs are utilized at the bottom of the cement column to prevent the cement from flowing back into the well after it has been pumped. These plugs are critical in ensuring that the cement is contained within the predetermined zone, enabling effective zonal isolation and preventing communication between different formations. The robust design and sealing capabilities of bottom cementing plugs make them an indispensable part of the cementing process, especially in deepwater and high-pressure drilling environments. The increasing complexity of drilling operations is expected to drive the demand for bottom cementing plugs as companies strive for effective solutions to manage their cementing operations efficiently.

Dural-Lock Plug:

Dural-lock plugs are engineered to provide enhanced sealing capabilities, designed specifically to withstand high-temperature and high-pressure conditions. The unique design of Dural-lock plugs allows for easy installation and removal, which is important for operations requiring flexibility during the cementing process. These plugs are particularly favored in unconventional resource extraction operations, where optimal performance and reliability are paramount. The growing trend towards advanced drilling techniques and the need for effective sealing solutions are expected to increase the adoption of Dural-lock plugs in the market.

Auto-Fill Float Plug:

Auto-fill float plugs are innovative cementing solutions designed to automatically allow cement to flow through the plug, facilitating efficient filling of the annulus. These plugs eliminate the need for manual intervention during the cementing process, resulting in time and cost savings. The increasing preference for automation in drilling practices is expected to propel the demand for auto-fill float plugs, especially in high-volume cementing operations. Their ability to simplify cementing operations while ensuring effective zonal isolation makes them a vital component in modern cementing practices.

Low-Torque Plug:

Low-torque plugs are designed to minimize the torque required during installation, making them easier to deploy in challenging drilling conditions. The reduced torque benefits operators by lowering the risk of equipment failure and improving the overall efficiency of the cementing process. As the industry increasingly focuses on reducing operational costs and enhancing safety, the demand for low-torque plugs is likely to grow. Their application in both onshore and offshore drilling operations highlights their versatility and effectiveness in ensuring successful cementing outcomes.

By Application

Onshore Wells:

The onshore wells segment constitutes a significant portion of the cementing plugs market due to the high volume of drilling activities in various oil and gas fields across the globe. These wells require effective sealing solutions to maintain the integrity of the wellbore, thereby driving the demand for cementing plugs. The growth in onshore drilling activities, coupled with the need for enhanced production efficiency, is propelling the market for cementing plugs designed specifically for onshore applications. Furthermore, the ongoing exploration of unconventional resources is expected to contribute positively to this segment.

Offshore Wells:

Offshore wells, characterized by their complex drilling environments and specific operational challenges, require specialized cementing solutions to ensure well integrity and safety. The demand for cementing plugs in offshore applications is driven by the increasing investments in offshore oil and gas exploration and production. These cementing plugs need to perform reliably under high-pressure and high-temperature conditions, making their design and material composition critical. As offshore drilling activities continue to expand, the cementing plugs market is expected to see substantial growth in this segment.

Geothermal Wells:

Geothermal wells are gaining traction as a renewable energy source, creating a growing demand for cementing plugs tailored for geothermal applications. These plugs play a critical role in ensuring the integrity of geothermal wells, which often operate under extreme conditions. The rise in investments in geothermal energy projects worldwide is driving the demand for effective cementing solutions to isolate zones and prevent fluid migration. As more companies venture into geothermal exploration, the need for reliable cementing plugs designed for these wells is likely to increase.

Horizontal Wells:

The horizontal wells segment is characterized by the growing trend towards unconventional drilling techniques, which require specialized cementing solutions. Cementing plugs used in horizontal wells must be efficient in providing zonal isolation and preventing fluid migration over long horizontal sections. The increasing adoption of horizontal drilling to maximize production from existing reservoirs is significantly contributing to the market's growth in this segment. With advancements in cementing technologies, operators are now able to achieve improved performance with cementing plugs designed specifically for horizontal applications.

Vertical Wells:

Vertical wells have been the traditional method for oil and gas extraction, and they continue to be a significant part of the cementing plugs market. The simplicity of vertical wells often allows for straightforward cementing operations, but the need for effective zonal isolation and well integrity remains crucial. Cementing plugs used in vertical wells must provide reliable performance to prevent any potential fluid migration between different formations. As the demand for vertical drilling persists, particularly in established oil fields, the market for cementing plugs in this segment is expected to remain stable.

By Distribution Channel

Direct Sales:

Direct sales represent a significant distribution channel in the cementing plugs market, allowing manufacturers to engage directly with end-users. This channel facilitates personalized service, enabling manufacturers to provide tailored solutions that meet specific customer requirements. Moreover, direct sales often result in better pricing strategies and stronger customer relationships, fostering loyalty and repeat business. The growing shift towards direct sales is likely to enhance market penetration and customer satisfaction, ultimately driving the growth of the cementing plugs market.

Distributor Sales:

Distributor sales play a crucial role in the cementing plugs market by providing manufacturers with an efficient means to reach a broader customer base. Distributors often have established relationships with operators and service companies, enabling them to effectively market and sell cementing plugs in various regions. This channel provides convenience for customers, as distributors often stock a wide range of products, thus saving time and effort for end-users seeking specific cementing solutions. As the demand for cementing plugs continues to grow, distributor sales are expected to remain a key component in the market's supply chain.

Online Retail:

Online retail is emerging as an increasingly popular distribution channel in the cementing plugs market, driven by the growing trend towards digitalization in the oil and gas industry. This channel allows customers to conveniently browse and purchase cementing plugs from the comfort of their locations, providing access to a wider range of products and competitive pricing. The online retail platform also enables manufacturers to showcase their product offerings and reach new customers globally. As the market becomes more digital-savvy, the online retail segment is expected to witness significant growth in the coming years.

Oilfield Service Companies:

Oilfield service companies serve as a vital distribution channel for cementing plugs, often providing comprehensive solutions that include drilling, cementing, and well completion services. These companies have the technical expertise and resources to offer specialized cementing solutions tailored to specific drilling conditions. The collaboration between manufacturers and oilfield service companies enhances the availability of cementing plugs in the market, as these companies can integrate plugs into their service offerings, providing added value to their customers. The increasing reliance on oilfield service companies for cementing operations is expected to boost the cementing plugs market significantly.

Others:

This category encompasses various other distribution channels that contribute to the cementing plugs market. These can include partnerships with engineering firms, procurement through industry-specific trade shows, and direct contracts with large operators. The diversity in distribution channels helps manufacturers adapt to different market dynamics and customer preferences, allowing them to optimize their sales strategies. As the market continues to evolve, the "Others" category is expected to remain relevant, providing additional avenues for growth in cementing plugs distribution.

By Material Type

Rubber Cementing Plugs:

Rubber cementing plugs are recognized for their flexibility and effectiveness in creating a reliable seal within the wellbore. These plugs are often used in low-pressure applications and are particularly effective in providing zonal isolation. The ability of rubber cementing plugs to compress allows for better adaptability to varying wellbore conditions, making them a popular choice among operators. As the oil and gas industry continues to focus on cost-effective solutions, the demand for rubber cementing plugs is expected to grow steadily.

Composite Cementing Plugs:

Composite cementing plugs are increasingly preferred due to their lightweight and durable construction, which enhances their performance in high-pressure environments. These plugs offer superior sealing capacities and are often used in challenging drilling conditions, including deepwater applications. The growing emphasis on efficiency and performance in cementing operations is driving the demand for composite cementing plugs as operators seek reliable solutions for well integrity. Their unique properties make composite plugs suitable for a wide range of applications, contributing to their growing presence in the market.

Aluminum Cementing Plugs:

Aluminum cementing plugs are well-regarded for their strength and resistance to corrosion, making them ideal for use in harsh environments. These plugs provide robust sealing capabilities and can withstand elevated temperatures and pressures, making them suitable for various applications, including offshore wells. The increasing focus on durability and reliability in cementing operations is pushing the adoption of aluminum cementing plugs, as operators seek to minimize equipment failures and enhance well integrity. The market for aluminum cementing plugs is expected to grow as drilling conditions become more demanding.

Cast Iron Cementing Plugs:

Cast iron cementing plugs are commonly used in applications requiring high strength and stability. Their sturdy construction provides excellent sealing capabilities, making them suitable for a wide range of well types. Cast iron plugs are particularly valued for their ability to perform well in extreme conditions, ensuring effective zonal isolation. The demand for cast iron cementing plugs is likely to persist as operators continuously seek reliable solutions to maintain well integrity in challenging environments.

Steel Cementing Plugs:

Steel cementing plugs are recognized for their robust design and exceptional durability, making them ideal for high-pressure and high-temperature applications. These plugs offer reliable sealing capabilities and are commonly used in both onshore and offshore drilling operations. The increasing complexity of drilling projects necessitates the use of steel cementing plugs to ensure the long-term integrity of wells. As the industry continues to evolve, the demand for steel cementing plugs is expected to grow, driven by their effectiveness in meeting the rigorous requirements of modern drilling practices.

By Region

The North American region holds a dominant position in the global Cementing Plugs market, primarily due to the extensive oil and gas exploration activities taking place in the United States and Canada. The region has witnessed a significant increase in unconventional resource extraction, particularly shale gas and tight oil, which has led to a surge in demand for cementing plugs. It is projected that North America will maintain its leadership position throughout the forecast period, with a CAGR of approximately 4.8%. The presence of major oilfield service companies and a well-established supply chain further bolster the market growth in this region.

In contrast, the Asia Pacific region is expected to experience remarkable growth in the Cementing Plugs market, driven by rising investments in oil and gas exploration and production, along with an increasing focus on renewable energy projects. Countries like China, India, and Australia are significantly investing in their energy sectors, leading to a growing demand for cementing plugs in both conventional and unconventional drilling applications. The region's CAGR is anticipated to reach around 5.2%, making it the fastest-growing market segment. The push towards greater energy efficiency and sustainable practices will further enhance the prospects for cementing plugs in this region.

Opportunities

The Cementing Plugs market is poised to benefit from a multitude of opportunities in the coming years. One significant area of opportunity lies in the ongoing advancements in cementing technology and materials science. As the industry continues to evolve, there is a growing need for innovative solutions that can enhance the performance and reliability of cementing plugs. Opportunities exist for manufacturers to invest in research and development to create new designs and materials that cater to the specific needs of various applications, such as geothermal and offshore drilling. The increasing emphasis on improving well integrity, along with the need for efficient sealing solutions, presents a favorable landscape for the development of next-generation cementing plugs that can effectively address the challenges faced by operators in today's drilling environments.

Additionally, the expansion of renewable energy projects, particularly geothermal energy, offers a significant opportunity for the Cementing Plugs market. As countries strive to diversify their energy sources and reduce carbon emissions, geothermal energy is gaining traction as a sustainable alternative. This shift towards renewable energy presents a growing demand for cementing plugs tailored for geothermal applications, where effective zonal isolation is crucial for maximizing energy extraction. Manufacturers who focus on developing cementing plugs specifically designed for geothermal wells will be well-positioned to capitalize on this emerging market trend, creating a win-win situation for both the industry and environmental sustainability.

Threats

Despite the promising growth prospects for the Cementing Plugs market, several threats could pose challenges to its development. One of the key threats is the volatility of oil and gas prices, which can significantly impact exploration and production activities. When prices drop, operators may reduce their drilling budgets, leading to decreased demand for cementing plugs. This market sensitivity to price fluctuations can result in uncertainty for manufacturers and suppliers, potentially causing disruptions in the supply chain. Moreover, geopolitical tensions and regulatory changes in key producing regions may further exacerbate the volatility of oil and gas prices, impacting the overall health of the cementing plugs market.

Another potential threat to the Cementing Plugs market is the growing adoption of alternative energy sources and technologies. As the world shifts towards cleaner and more sustainable energy solutions, there is a risk that traditional oil and gas activities may decline, which could affect the demand for cementing plugs. The increasing focus on renewable energy projects may lead to reduced investments in conventional fossil fuel extraction, presenting a challenge for manufacturers who heavily rely on the oil and gas sector for their sales. Additionally, competition from emerging technologies that offer alternative well completion solutions may pose a threat to the cementing plugs market, necessitating manufacturers to continually innovate and differentiate their products.

Competitor Outlook

• Baker Hughes
• Halliburton
• Schlumberger
• Cameron (a Schlumberger company)
• Weatherford International
• National Oilwell Varco (NOV)
• Superior Energy Services
• Tenaris
• Oceaneering International
• Innovex Downhole Solutions
• Packers Plus Energy Services
• Key Energy Services
• Vallourec
• Franks International
• Statoil ASA

The competitive landscape of the Cementing Plugs market is characterized by a mix of established players and innovative newcomers striving to capture market share. Key companies, such as Baker Hughes and Halliburton, dominate the market due to their extensive product portfolios, global reach, and strong technological capabilities. These companies continually invest in research and development to enhance their cementing solutions, focusing on improving performance and reliability to meet evolving industry demands. The competitive rivalry in this market is intensifying as manufacturers explore strategic partnerships, acquisitions, and collaborations to strengthen their market position and expand their geographical footprint.

For instance, Schlumberger, one of the leading oilfield service companies, has been actively developing advanced cementing plug technologies that cater to the specific needs of various drilling applications. Their focus on innovation aligns with the industry's growing demand for efficient and reliable cementing solutions. Similarly, Weatherford International has been leveraging its expertise in cementing operations to provide comprehensive solutions, enhancing its competitiveness in the market. The introduction of cutting-edge designs and materials by these major players plays a significant role in shaping the competitive landscape and establishing industry standards.

Furthermore, emerging companies are also gaining traction in the Cementing Plugs market by introducing innovative products and focusing on niche segments. These players often concentrate on developing eco-friendly and sustainable cementing solutions, catering to the increasing demand for environmentally conscious practices in the oil and gas industry. The ability to quickly adapt to changing market conditions and meet specific customer requirements gives these newcomers a competitive edge. As the market continues to evolve, the competition is expected to intensify, pushing all players to enhance their offerings and invest in technology to remain relevant.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Tenaris
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Vallourec
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Halliburton
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Statoil ASA
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Baker Hughes
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Schlumberger
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Key Energy Services
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Franks International
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Superior Energy Services
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Oceaneering International
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Weatherford International
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Innovex Downhole Solutions
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 National Oilwell Varco (NOV)
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Packers Plus Energy Services
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Cameron (a Schlumberger company)
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Cementing Plugs Market, By Application
    • 6.1.1 Onshore Wells
    • 6.1.2 Offshore Wells
    • 6.1.3 Geothermal Wells
    • 6.1.4 Horizontal Wells
    • 6.1.5 Vertical Wells
  • 6.2 Cementing Plugs Market, By Product Type
    • 6.2.1 Top Cementing Plug
    • 6.2.2 Bottom Cementing Plug
    • 6.2.3 Dural-Lock Plug
    • 6.2.4 Auto-Fill Float Plug
    • 6.2.5 Low-Torque Plug
  • 6.3 Cementing Plugs Market, By Material Type
    • 6.3.1 Rubber Cementing Plugs
    • 6.3.2 Composite Cementing Plugs
    • 6.3.3 Aluminum Cementing Plugs
    • 6.3.4 Cast Iron Cementing Plugs
    • 6.3.5 Steel Cementing Plugs
  • 6.4 Cementing Plugs Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Distributor Sales
    • 6.4.3 Online Retail
    • 6.4.4 Oilfield Service Companies
    • 6.4.5 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Cementing Plugs Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Cementing Plugs market is categorized based on

By Product Type

• Top Cementing Plug
• Bottom Cementing Plug
• Dural-Lock Plug
• Auto-Fill Float Plug
• Low-Torque Plug

By Application

• Onshore Wells
• Offshore Wells
• Geothermal Wells
• Horizontal Wells
• Vertical Wells

By Distribution Channel

• Direct Sales
• Distributor Sales
• Online Retail
• Oilfield Service Companies
• Others

By Material Type

• Rubber Cementing Plugs
• Composite Cementing Plugs
• Aluminum Cementing Plugs
• Cast Iron Cementing Plugs
• Steel Cementing Plugs

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Baker Hughes
• Halliburton
• Schlumberger
• Cameron (a Schlumberger company)
• Weatherford International
• National Oilwell Varco (NOV)
• Superior Energy Services
• Tenaris
• Oceaneering International
• Innovex Downhole Solutions
• Packers Plus Energy Services
• Key Energy Services
• Vallourec
• Franks International
• Statoil ASA