Well Intervention Market worth 9.85 Bn USD by 2022

Tuesday 18 April 2017, Amsterdam

Well Intervention Market worth 9.85 Bn USD by 2022
The report, now available on ASDReports, "Well Intervention Market by Services (Logging & Bottomhole Survey, Tubing/Packer Failure & Repair, Stimulation, Sand Control, Artificial Lift, Fishing, Others), Application (Onshore & Offshore), and Region - Global Trends & Forecast to 2022", The well intervention market is expected to grow from an estimated USD 8.18 Billion in 2017 to USD 9.85 Billion by 2022, at a CAGR of 3.78%, from 2017 to 2022.

The factors driving the market include upsurge in global energy demand, increase in oil & gas production, and revitalization of aging fields/wells. Increasing focus on renewable energy and strict government regulations on E&P activities are key restraints for the growth of the well intervention market.

Logging & bottomhole survey is the largest service-based market segment
The report segments the well intervention market on the basis of service into logging and bottomhole survey, tubing and packer failure and repair, stimulation, remedial cementing, zonal isolation, sand control services, artificial lift services, fishing, reperforation, and others*. The logging and bottomhole survey segment is expected to dominate the well intervention market till 2022. This growth is majorly driven by the well intervention market in North America, due to shale gas revolution and production of oil & gas from shale reserves in the region. The well intervention market is expected to witness a growth in the developing countries of the region, such as China and India, due to upsurge in energy demand and increase in oil & gas production activities in these countries.

Others* include water shut off, casing repair, horizontal well sand control, well abandonment, sand washing, and paraffin/asphaltene/hydrates removal, among others

Onshore is the largest application-based market segment
The report also segments the well intervention market by application into onshore and offshore. The onshore application segment is expected to dominate the well intervention market till 2022. This growth is majorly driven by the revitalization of aging onshore field/ well.

North America is the dominant regional market for well intervention
North America is currently the largest market for well intervention. In 2016, the U.S. accounted for the majority share in North America. Ongoing shale gas revolution is the major factor driving the well intervention market in the U.S.

To provide an in-depth understanding of the competitive landscape, the report includes the profiles of companies such as GE Oil & Gas (U.K.), Baker Hughes Incorporated (U.S.), Halliburton Company (U.S.), Schlumberger Limited (U.S.), Weatherford International plc (Switzerland), Expro International Group Holdings Ltd. (U.K.), Archer Limited (U.K.), Welltec International ApS (Denmark), TechnipFMC plc (U.K.), Trican Well Service Ltd. (Canada), Basic Energy Services, Inc. (U.S.), Superior Energy Services, Inc. (U.S.), Key Energy Services, Inc. (U.S.), and Lupatech SA (Brazil), among others. The dominant players are trying to gain a foothold in developing economies and are adopting various methods to grab the market share.
Well Intervention Market - Global Trends & Forecast to 2022

Well Intervention Market - Global Trends & Forecast to 2022

Publish date : April 2017
Report code : ASDR-358196
Pages : 182

Well Intervention Market - Global Forecast to 2026

Well Intervention Market - Global Forecast to 2026

Publish date : July 2021
Report code : ASDR-586046
Pages : July 2021

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