This report estimates the well intervention services market in terms of value in $million. This has been broken down into component regions and further split into countries.
Well intervention services are required throughout the lifecycle of an oil and gas well. The ever increasing exploration and production activities across the globe and new areas of unconventional resources are the main drivers for the growth of the well intervention services market. However, issues associated with the environment, and increased seismic activities have slowed down the growth of this market.
The growth of well intervention market is directly proportional to the revival activities of the existing mature oilfields. On the basis of various factors such as geological condition, type of reservoir, and others, different types of well intervention services are required to assist the production activities.
The growth in production activities is attributed to the continuous increase in world energy demand. These activities are expected to grow further as the world energy demand from oil would reach around 4 GTOE by 2020. This rise in energy demand has resulted in increased drilling and completion activities in all parts of the world. This has also put pressure to extract more from each esisting well and thus, further enhanced production activities are performed. This increase in production and completion activity increases the requirement of well intervention services.
We have used various secondary sources such as encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of the global well intervention services market. The primary sources-experts from industry and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of the well intervention services market.
We have also profiled leading players of this industry with their recent developments and other strategic industry activities. These include Baker Hughes (U.S.), Superior Energy Services (U.S.
S.), Halliburton (U.S.), Schlumberger (U.S.), and Weatherford International Inc. (U.S.), and others.
The report covers the global well intervention services market which includes different types of well intervention services, their application areas, and other related segments. It studies the extent of end use of well intervention services in different application areas with respect to different regions. The report gives insights about the tools and technologies being used. It also analyses the market with respect to drivers, opportunities, and winning imperatives related to the industry.
The report also provides competitive landscape of major market players with its developments, mergers & acquisition, expansion & investments, agreements & contracts, new services & technologies developments, and others. Number of developments is spotted by the key industry players which suggest the growth strategy of these companies as well as overall industry.
Furthermore, the major participants within the well intervention services market are profiled in the report. This gives details about the company which include company overview, financial details, services & products, strategy, and recent developments.
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