Well intervention Market – Overview
Market Research Future has recently published a detailed report on the global well intervention market asserting that the global market for well intervention is anticipated to expand at a steady CAGR of 3.5% during the forecast period of 2017-2023. Well intervention refers to the operations that carried out during the life of the oil well. These operations are carried out for improvement of production and for the maintenance of the well.
One of the major factors driving the growth of the market is the continuous depletion of oil reserves and the ever-increasing demand for oil all over the world. There is a rapid increase in demand for energy owing to factors such as rapid urbanization and industrialization. The growth in demand for energy is also driving the growth of the oil and gas industry. So, there is a rise need for enhancement of production so as to meet the growing demand for energy, especially oil and gas, which is further driving the market for well intervention. The other factors driving the growth of the market are the increase in production of oil & gas and regeneration of aging fields/wells. However, the growth of the market is restrained by factors such as strict rules and regulations and the increasing focus on renewable energy.
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Competitive Dashboard
The prominent players of the global well intervention market that are profiled in the report by MRFR are GE Oil & Gas (U.K.), Halliburton Company (U.S.), Schlumberger Limited (U.S.), TechnipFMC plc. (U.K.), Baker Hughes Incorporated (U.S.), Weatherford International Plc. (Switzerland), Archer Limited (U.K.), Trican Well Service Ltd. (Canada), Superior Energy Services, Inc. (U.S.), Basic Energy Services, Inc. (U.S.) and Others.
Industry Segmentation
The global well intervention market has been segmented on the basis of services and applications.
Based on services, the well intervention market has been segmented into logging & bottom hole survey, stimulation, artificial lift, re-perforation and others.
Based on applications, the well intervention market has been segmented into on-shore and off-shore.
Regional Outlook
The global well intervention market has been geographically segmented into four major regions such as North America, Europe, Asia Pacific and the rest of the world.
The Asia Pacific and Africa regions are emerging as significant regions in the global well intervention market owing to the increased utilization of well intervention services in the oil and natural gas sector of these regions.
The North America region is projected to be the largest market in the global well intervention market owing to the ongoing revolution in shale gas exploration and production activities in this region.
Competitive Analysis:
The players in the global well intervention market are increasing their investments in research and development in order to introduce advanced services in the global well intervention market. The focus of prominent players on the strategic mergers and acquisitions in order to create dominance in the global market has led to increased competition in the global well intervention market.
OWI MENA 2018 has arranged a workshop in Abu Dhabi on 9th and 10th October 2018 which will be joined by ADNOC, PDO, Petropars, Dragon Oil, SNOC and other regional operators along with 150+ well intervention experts to discuss their well intervention strategies in order to increase efficiencies and reduce the cost of on-shore as well as off-shore projects.
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Table Of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Well Intervention Market, By Services
4.1 Artificial Lift
4.2 Logging And Bottom Hole Survey
4.3 Stimulation
4.4 Re-Perforation
4.5 Others
5 Global Well Intervention Market, By Application
5.1 Introduction
5.2 Onshore
5.3 Offshore
Continue…
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