Thursday 21 May 2015, AmsterdamThe focus on research and technological advancements has aided companies in minimizing their costs of well completion. This has not only increased the efficiency and stability of the products/services but has also increased the production rate, thus, generating large revenues for the companies. Research and development in well completion involves substantial investments and significant risks. In order to minimize the same, leading players are seeking new product and service developments and signing new contracts and agreements to acquire business segments of small and big companies to increase their market share. For instance, Halliburton Co. (U.S.) acquired Baker Hughes Inc. (U.S.) in November 2014 to increase its market share and also to strengthen its existing product portfolio and services.