The report "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.
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.
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Scope of the Report
By Service, the Well Intervention Market has been segmented into the following:
o
Logging and Bottomhole Survey
o
Tubing and Packer Failure and Repair
o
Stimulation
o
Remedial Cementing
o
Zonal Isolation
o
Sand Control Services
o
Artificial Lift Services
o
Fishing
o
Reperforation
o
Others*
Others* include water shut off,
casing repair, horizontal well sand control, well abandonment, sand washing,
and paraffin/asphaltene/hydrates removal, among othersBy Application, the Well Intervention Market has been segmented into the following:
o
Onshore
o
Offshore
By Offshore Intervention Type ,
the Well Intervention Market has been segmented into the following:
o
Light Intervention
o
Medium Intervention
o
Heavy Intervention
By Region, the Motor Soft Starter
Market has been segmented into the following:
o
North America
o
Europe
o
Asia-Pacific
o
South and Central America
o
Middle East
o
Africa
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.To speak to our analyst for a discussion on the above findings, click https://www.marketsandmarkets.com/speaktoanalyst.asp?id=1099
Objectives of the Study
·
To define, describe, and forecast the global
well intervention market on the basis of service type, application area, and
region
·
To provide detailed information about the
major factors influencing the growth of the market, such as drivers,
restraints, opportunities, and industry-specific challenges
·
To strategically analyze the micro-markets
with respect to individual growth trends, future prospects, and contribution to
the total market
·
To analyze the major tools and equipment used
for well intervention services
·
To analyze market opportunities for
stakeholders and details of the competitive landscape for market leaders
·
To forecast the market size of the segments
with respect to major regions, namely, the Americas, the Middle East, Europe,
Asia Pacific, and Africa
·
To strategically profile key players and
comprehensively analyze their respective market share and core competencies
·
To track and analyze developments in the well
intervention market, such as new product launches, expansions, mergers &
acquisitions, and new agreements
Recent Developments
·
In September 2018, Schlumberger launched the
CemFIT Shield mud-sealing cementing system, which is a zonal isolation
technology. The technology helps in reducing the risk of fracturing fluid
migration between the zones. The company intends to develop advanced technology
to expand its product portfolio.
·
In September 2018, BHGE was awarded an
integrated services contract by Saudi Aramco for its Marjan field to provide
drilling services, coiled tubing services, and drilling fluids engineering
services. BHGE intends to expand its customer base through such contracts.
·
In September 2018, Halliburton launched the
next-generation wireline logging sensor as Xaminar Magnetic Resonance (XMR) to
improve reservoir insights. XMR delivers more detailed information about 2D and
3D fluid characterization, carbonate pore size classification, unconventional
analysis, and permeability.
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