Well Intervention Market is anticipated to reach USD 17.76 billion by 2025. Well Interventions are used to avoid unexpected glitches in oil and gas wells. They securely clean and remove debris from preserved streams. Also, they perform harmless and operative plug and render abandonment at the end of the well’s commercial life.
The
factors that propel the growth of the Well Intervention industry include
revitalization of aging fields/wells and surge in oil & gas industry,
upsurge in global energy demand, growing attention on renewable energy. On the
other hand, the factors that may hamper the development of the market include
stringent management regulations on E&P (exploration & production)
activity. Well Intervention Market is anticipated to grow at a significant CAGR
of 4.2% in the upcoming period as the scope, product types, and its
applications are increasing across the globe.
Well
Intervention industry may be explored by service type, application, and
geography. The market may be explored by service type as Re-Perforation,
Tubing/Packer Failure & Repair, Stimulation, Logging & Bottom Hole
Survey, Zonal Isolation, Remedial Cementing, Sand Control Services, Fishing,
Artificial Lift, etc. The “Logging And Bottom hole” segment led the Well Intervention
Market in 2016 and is anticipated to maintain its dominance by 2025 owing to
shale gas production and revolution of oil & gas from shale investments in
the country, development in the emerging nations of the region, such as India
and China, due to surge in oil & gas manufacturing actions in these nations
and increase in energy demand.
Request Sample Copy of This Market Research @
https://www.millioninsights.com/industry-reports/well-intervention-market/request-sample
The
key applications that could be explored in the market include Off shore and
onshore. The “Onshore” segment led the Well Intervention industry and accounted
for 65.5% of the total market revenue in 2016 owing to renewal of aging onshore
well/field. North America accounted for the major share of the Well
Intervention Market Size in 2016 and will continue to lead in the forthcoming
period. The factors that could be attributed to the growth include increase in
exploitation of unconventional reserves, quest for finding potential untapped
oil and gas investments, growing offshore drilling activities in the Gulf of
Mexico, and ongoing shale gas revolution.
Some
of the key players that fuel the growth of the Well Intervention industry
comprise Deepwell AS,HELIX ESG, Schlumberger Limited, GE, Oceaneering
International, Inc., Halliburton, Hunting Energy Services, Expro Group,
Weatherford International Plc., and National Oilwell Varco. The leading
companies are taking up partnerships, mergers and acquisitions, and joint
ventures in order to boost the inorganic growth of the industry.
Browse Full Research Report @
https://www.millioninsights.com/industry-reports/well-intervention-market
Well Intervention Service Outlook
(Revenue, USD Million, 2014 - 2025)
• Logging & Bottom Hole Survey
• Tubing/Packer Failure & Repair
• Stimulation
• Remedial Cementing
• Zonal Isolation
• Sand Control Services
• Artificial Lift
• Fishing
• Re-Perforation
• Others
Well
Intervention Application Outlook (Revenue, USD Million, 2014 - 2025)
• Onshore
• Offshore
Well
Intervention Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Russia
• Asia Pacific
• China
• Australia
• Central & South America
• Brazil
• Argentina
• Middle East & Africa
• Saudi Arabia
• Algeria
• South Africa
Comments
Post a Comment