Well intervention or well work is the operation performed on oil and gas wells during their productive life, which alters the well geometry and manages the production of wells by providing extensive well diagnostics. Market Research Future (MRFR) 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.
The key players of well intervention market 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.
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The Global Well Intervention Market has been segmented based on 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.
The North America region is the largest in the well intervention market, owing to factors such as ongoing shale gas revolution in the region. The market is also expected to be driven by the increasing production activities in the region. Asia-Pacific and Africa are the emerging regions in the well intervention market,
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. 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.
Browse the market data and information spread across 111 pages with 26 data tables and 12 figures of the report “Global Well Intervention Market Research Report – Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/well-intervention-market-2810
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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