HOME Top Market Reports Well Intervention Market, by Service Types (Logging & Bottom Hole Survey, Tubing/Packer Failure & Repair, Stimulation, Artificial Lift, Others), Application Areas (Onshore & Offshore), and Geography - Global Trends & Forecast To 2018

Well Intervention Market, by Service Types (Logging & Bottom Hole Survey, Tubing/Packer Failure & Repair, Stimulation, Artificial Lift, Others), Application Areas (Onshore & Offshore), and Geography - Global Trends & Forecast To 2018

By: marketsandmarkets.com
Publishing Date: April 2013
Report Code: EP 1553

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The report covers the global market which includes different types of services in well intervention, their application areas, and other related segments. It studies the extent of end use of services in well intervention 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 qualitative analyses of workover services with respect to its concept, tools and equipment used, technical knowhow, innovations, various types, and application areas are done in an elaborative manner. It mainly highlights the services such as logging & bottom hole surveys, tubing/packer failure & repair, stimulation jobs, remedial cementing, zonal isolations operations, sand control services, artificial lift services, fishing, re-perforation; and application areas such as onshore and offshore. The services are gaining worldwide importance as the existing oil and gas reservoirs are nearing the non-replaceable depletion stage. Furthermore, the increasing need of energy is also triggering the oil and gas field operators to increase the recovery factor of hydrocarbons. The demand of workover services is driven due to its ability to help enhance the oil and gas production from aging brown fields.

The continuous depletion of existing oil reserves are forcing oilfield E&P companies to operate in offshore environments making it a huge potential market for well intervention. Pressure of growing energy demand is another factor to draw services of well intervention in focus. According to BP statistical report, the worlds energy demand increased by 2.5% in 2011. To satisfy this increasing demand of oil and gas, oil companies are seeking to unlock the full potential of wells. Hence, new advanced well-intervention equipment and technologies are vital. In order to sustain production, it becomes increasingly viable and important to maintain wells and extract the maximum amount of resources. As existing reserves and wells are aging, this services become very essential for production revival operations.

The market is also analyzed with respect to the Porter;s five forces model. Different market forces such as bargaining power of suppliers, bargaining power of buyers, degree of competition, and threat from substitutes and new entrants are analyzed with respect to the the industry. This report also provides insights about the patent analysis by various market players for last three years and the market share analysis for different regions including Americas, Europe, Asia-Pacific, Middle East, and Africa. Most of the key industry players are based in Americas in order to support the largest market of the region. In Europe, there are few players with significant market share. Markets in other regions are currently emerging and industry is operated by companies based in these regions.

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.

The global market is segmented firstly on the basis of the types of services such as logging & bottom hole surveys, tubing/packer failure & repair, stimulation jobs, remedial cementing, and other services. Secondly, it is segmented on the basis of application areas such as onshore and offshore in which offshore services are further segmented on the basis of types. Lastly, the market is segmented on the basis of geography such as Americas, Europe, Asia-Pacific, Middle East, and Africa. Further the onshore services are segmented into major countries as Americas is segmented in U.S., Canada, Mexico, Venezuela, Brazil, Argentina, Colombia, and others; Europe is segmented in Russia, Norway, U.K., Denmark, and others. Same country wise analysis is done for Asia-Pacific, Middle East, and Africa as well. Each region has been analyzed with respect to its market trends, growth, and future prospective of the workover services market. The data has been analyzed over a period of 2011 to 2018. The quantitative data regarding all the above segmentation is given in value ($ Million).

Furthermore, the major participants within the market are profiled in the report. This gives details about the company which include company overview, financial details, services & products, strategy, and recent developments.

Table Of Contents 
 
1 Introduction (Page No.- 20)
 
1.1 Key Take Aways
  1.2 Report Description
  1.3 Markets Covered
  1.4 Stakeholders
  1.5 Research Methodology
      1.5.1 Market Size
      1.5.2 Key Data Points Taken From Secondary Sources
      1.5.3 Key Data Points Taken From Primary Sources
      1.5.4 Assumptions Made For This Report

2 Executive Summary (Page No.- 27)

3 Premium Insights (Page No.- 30)
  3.1 Americas Dominating The Global Market
  3.2 Maximum Growth For Regional Markets
  3.3 Logging & Bottom Hole Survey & Tubing-Major Service Markets
  3.4 Onshore Market Holds A Major Share
  3.5 Major Demand From Americas
  3.6 New Technologies & Mergers: Major Strategies By Market Players
  3.7 Americas & Europe: Strong Base For Well Intervention Companies

4 Market Overview (Page No.- 44)
  4.1 Introduction
  4.2 Market Segmentation
      4.2.1 By Geography
      4.2.2 By Services
      4.2.3 By Applications
  4.3 Value Chain Analysis
      4.3.1 Equipment Manufacturers
      4.3.2 Service Providers
      4.3.3 Oil Field Operators
  4.4 Market Dynamics
      4.4.1 Drivers
            4.4.1.1 Pacing Up Energy Demand
                    4.4.1.1.1 Demand And Supply Scenario Of Crude Oil
                    4.4.1.1.2 Demand And Supply Scenario Of Natural Gas
            4.4.1.2 Revitalization Of Aging Brown Field Wells
            4.4.1.3 Reinforcing Existing Reserves
                    4.4.1.3.1 Proved Oil Reserves
                    4.4.1.3.2 Proved Gas Reserves
      4.4.2 Restraints
            4.4.2.1 Regulatory Challenges And Environmental Issues
                    4.4.2.1.1 High Environmental Risks
                    4.4.2.1.2 Strict Government Regulations
      4.4.3 Opportunities
            4.4.3.1 Focus On Unconventional Reserves
            4.4.3.2 Growing Demand Of Well Intervention In Subsea
      4.4.4 Winning Imperatives
            4.4.4.1 Synchronization With Growing Investment In Shale Gas
            4.4.4.2 Consolidations Trend Is The Key
      4.4.5 Burning Issues
            4.4.5.1 High Risk Business And Lack Of Technical Professionals
            4.4.5.2 Increasing Cost Of Offshore Well Intervention Services
  4.5 Porter’s Five Forces Analysis
      4.5.1 Threat Of New Entrants
      4.5.2 Threat Of Substitutes
      4.5.3 Suppliers’ Power
      4.5.4 Buyers’ Power
      4.5.5 Degree Of Competition
  4.6 Market Share Analysis
  4.7 Patent Analysis
      4.7.1 Patent Registration Trend
      4.7.2 By Countries/Regions
      4.7.3 By Companies

5 Major Products Used In Well Intervention (Page No.- 78)
  5.1 Introduction
  5.2 Market Structure
  5.3 Equipment Used Within The Industry
      5.3.1 Tools & Equipment Used For Rigless Well Intervention Services
            5.3.1.1 Coiled Tubing Units
                    5.3.1.1.1 Coiled Tubing Market Dynamics
                    5.3.1.1.2 Key Elements Of Coiled Tubing
                    5.3.1.1.3 Advantages Of Coiled Tubing
                    5.3.1.1.4 Coiled Tubing Intervention Services
            5.3.1.2 Wireline Services
                    5.3.1.2.1 Wireline Market Dynamics
                    5.3.1.2.2 Slickline
                              5.3.1.2.2.1 Slickline Intervention Services
                    5.3.1.2.3 Electric Line (E–Line)
                              5.3.1.2.3.1 Electricline (E-Line) Intervention Services
            5.3.1.3 Hydraulic Workover (HWO)
                    5.3.1.3.1 Hydraulic Workover Equipment Market Dynamics
                    5.3.1.3.2 Advantages Of Hydraulic Workover
                    5.3.1.3.3 Hydraulic Workover/Intervention Services
      5.3.2 Specialized Offshore Equipment
            5.3.2.1 Monohull
            5.3.2.2 Semi-Submersibles
            5.3.2.3 Mobile Offshore Drilling Units
            5.3.2.4 Riserless Light Well Intervention
 
6 Global Well Intervention Market, By Services (Page No.- 94)
  6.1 Introduction
  6.2 Market Analysis
      6.2.1 Logging & Bottom Hole Intervention
            6.2.1.1 Definition & Description
            6.2.1.2 Largest Required Intervention Service
      6.2.2 Tubing/Packer Failure & Repair
      6.2.2.1 Definition & Description
            6.2.2.2 Aging Of Existing Wells Is Pushing Tubing/Packer Failure & Repair Services Market
      6.2.3 Stimulation
            6.2.3.1 Definition & Description
            6.2.3.2 Highest Growing Market Due To Key Focus On Enhanced Oil Recovery
      6.2.4 Remedial Cementing
            6.2.4.1 Definition & Description
            6.2.4.2 Revenue Forecast
      6.2.5 Zonal Isolation
            6.2.5.1 Definition & Description
            6.2.5.2 Revenue Forecast
      6.2.6 Sand Control
            6.2.6.1 Definition & Description
            6.2.6.2 Africa & Asia-Pacific Regions Lead The Market Growth
      6.2.7 Artificial Lift
            6.2.7.1 Definition & Description
            6.2.7.2 Americas Holds The Largest Share
      6.2.8 Fishing
            6.2.8.1 Definition & Description
            6.2.8.2 Low Market Share Due To Uncertain Demand Of The Service
      6.2.9 Re-Perforation
            6.2.9.1 Definition & Description
            6.2.9.2 Revenue Forecast
      6.2.10 Other Intervention Services
            6.2.10.1 Definition & Description
            6.2.10.2 Americas Dominates The Other Services Market

7 Global Well Intervention Market, By Application Areas (Page No.- 113)
  7.1 Introduction
  7.2 Market Analysis
      7.2.1 Onshore
            7.2.1.1 Introduction
            7.2.1.2 Onshore Interventions Continue To Hold The Largest Share With A Slower Growth Rate
      7.2.2 Offshore
            7.2.2.1 Introduction
            7.2.2.2 Gulf Of Mexico & Brazil Continue To Boost The Offshore Intervention Services Market
            7.2.2.3 Types Of Offshore Well Intervention Services
            7.2.2.4 Light Intervention Type Dominates Offshore Service Market

8 Global Well Intervention Market, By Geography (Page No.- 123)
  8.1 Introduction
  8.2 Market Analysis
  8.3 Americas
      8.3.1 Industry Trend
      8.3.2 Americas Continues To Be The Largest Market
      8.3.3 Highest Demand For Stimulation Services
      8.3.4 Soaring Offshore Development Is Leading The Growth
      8.3.5 North America
            8.3.5.1 Industry Trend
            8.3.5.2 Market Analysis
                    8.3.5.2.1 U.S. Generated Maximum Revenue For Onshore Intervention Services
      8.3.6 South & Central America
            8.3.6.1 Industry Trend
            8.3.6.2 Market Analysis
                    8.3.6.2.1 Mexico Leads The Onshore Intervention Services Market In Latin America
  8.4 Asia-Pacific
      8.4.1 Industry Trend
      8.4.2 Market Analysis
            8.4.2.1 China & India Are Major Growth Drivers
  8.5 Europe
      8.5.1 Industry Trend
      8.5.2 Market Analysis
            8.5.2.1 North Sea Is Leading European Offshore Intervention Service Market Over Onshore
  8.6 Middle East
      8.6.1 Industry Trend
      8.6.2 Market Analysis
            8.6.2.1 Aging Brownfields Require More Intervention Services
  8.7 Africa
      8.7.1 Industry Trend
      8.7.2 Market Analysis
            8.7.2.1 High Growth In Oil Industry Promises Bright Intervention Services Market

9 Competitive Landscape (Page No.- 160)
  9.1 Introduction
  9.2 Key To Success Is Mergers & Acquisitions
  9.3 Mergers & Acquisitions
  9.4 Agreements, Contracts, Partnerships, Collaborations & Joint Ventures
  9.5 New Services/Technology/Product Launch
  9.6 Investment, Expansion, Divestment & Other Developments
 
10 Company Profiles (Overview, Financials, Products & Services, Strategy, And Developments)*  (Page No.- 184)
  10.1 Aker Solutions Asa
  10.2 Archer – The Well Company
  10.3 Baker Hughes Inc.
  10.4 Basic Energy Services Inc.
  10.5 Cudd Energy Services
  10.6 Expro International Group Holdings Ltd
  10.7 Fmc Technologies Inc.
  10.8 Halliburton Co.
  10.9 Helix Energy Solutions Group Inc.
  10.10 Key Energy Services Inc.
  10.11 Lupatech S.A.
  10.12 Nabors Industries Ltd
  10.13 Norshore
  10.14 Schlumberger Ltd
  10.15 Superior Energy Services Inc.
  10.16 Trican Well Service Ltd
  10.17 Weatherford International Ltd
  10.18 Welltec International Aps
  10.19 Wellvention
  10.20 Wright’s Well Control Services

*Details On Overview, Financials, Product & Services, Strategy, And Developments Might Not Be Captured In Case Of Unlisted Companies. 

Appendix (Page No.- 280)
  U.S. Patents
  Europe Patents
  Japan Patents
 
 
List Of Tables ( 105 Tables)
 
Table 1 Global Revenue, By Services, 2011 – 2018 ($Million) 
Table 2 Regional Dominance & Key Market Players
Table 3 Well Intervention: Geographical Market Growth
Table 4 Well Intervention: Market Facts
Table 5 Well Intervention Applications: Market Scenario
Table 6 Well Intervention Application Areas: Growth Opportunities
Table 7 Major Growth Strategies
Table 8 Regional Benchmarking Of Key Players
Table 9 Demand Of Crude Oil, By Geography, 2007 - 2011 (‘000 Bbl/Day)
Table 10 Supply Of Crude Oil, By Geography, 2007 – 2011 (‘000 Bbl/Day)
Table 11 Demand Of Natural Gas, By Geography, 2007 – 20011 (Bcm)
Table 12 Supply Of Natural Gas, By Geography, 2007 – 2011 (Bcm)
Table 13 Patent Analysis, By Countries/Regions, January 2010 – March 2013 
Table 14 Coiled Tubing: Manufacturers & Service Providers
Table 15 Coiled Tubing: Applications & Processes
Table 16 Wireline Units: Manufacturers & Service Providers
Table 17 Slickline Services: Applications & Processes
Table 18 Electricline Services: Applications & Processes
Table 19 Hydraulic Workover Equipment: Manufacturers & Service Providers
Table 20 Hydraulic Workover: Applications & Processes
Table 21 Rlwi Vessel: Applications
Table 22 Global Well Intervention Market Revenue, By Services, 2011 – 2018 ($Million) 
Table 23 Logging & Bottom Hole Intervention Services Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 24 Tubing/Packer Failure & Repair Intervention Services Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 25 Stimulation Intervention Services Market Revenue, By Geography, 2011 – 2018 ($Million) 
Table 26 Remedial Cementing Intervention Services Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 27 Zonal Isolation Intervention Services Market Revenue, By Geography, 2011 – 2018 ($Million) 
Table 28 Sand Control Intervention Services Market Revenue, By Geography, 2011 – 2018 ($Million) 
Table 29 Artificial Lift Intervention Services Market Revenue, By Geography, 2011 – 2018 ($Million) 
Table 30 Fishing Intervention Services Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 31 Re-Perforation Intervention Services Market Revenue, By Geography, 2011 – 2018 ($Million) 
Table 32 Other Intervention Services Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 33 Market Revenue, By Application Areas, 2011 – 2018 ($Million) 
Table 34 Onshore Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 35 Offshore Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 36 Offshore Services Classification, By Types (Light, Medium, Heavy) 
Table 37 Offshore Market Revenue, By Types, 2011 – 2018 ($Million) 
Table 38 Global Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 39 Americas: Well Intervention Market Revenue, By Regions, 2011 – 2018 ($Million)
Table 40 Americas: Revenue, By Services, 2011 – 2018 ($Million)
Table 41 Americas: Onshore Market Revenue, By Regions, 2011 – 2018 ($Million) 
Table 42 Americas: Offshore Market Revenue, By Regions, 2011 – 2018 ($Million) 
Table 43 Americas: Offshore Market Revenue, By Types, 2011 – 2018 ($Million) 
Table 44 North America: Well Intervention Market Revenue, By Services, 2011 – 2018 ($Million) 
Table 45 North America: Onshore Market Revenue, By Countries, 2011 – 2018 ($Million)
Table 46 North America: Offshore Market Revenue, By Types, 2011 – 2018 ($Million)
Table 47 S. & C. America: Well Intervention Market Revenue, By Services, 2011 – 2018 ($Million) 
Table 48 S. & C. America: Onshore Market Revenue, By Countries, 2011 – 2018 ($Million)
Table 49 S. & C. America: Offshore Market Revenue, By Types, 2011 – 2018 ($Million)
Table 50 APAC: Well Intervention Market Revenue, By Services, 2011 – 2018 ($Million) 
Table 51 APAC: Onshore Market Revenue, By Countries, 2011 – 2018 ($Million) 
Table 52 APAC: Offshore Market Revenue, By Types, 2011 – 2018 ($Million) 
Table 53 Europe: Well Intervention Market Revenue, By Services, 2011 – 2018 ($Million) 
Table 54 Europe: Onshore Market Revenue, By Countries, 2011 – 2018 ($Million) 
Table 55 Europe: Offshore Market Revenue, By Types, 2011 – 2018 ($Million) 
Table 56 Middle East: Well Intervention Market Revenue, By Services, 2011 – 2018 ($Million)
Table 57 Middle East: Onshore Market Revenue, By Countries, 2011 – 2018 ($Million) 
Table 58 Middle East: Offshore Market Revenue, By Types, 2011 – 2018 ($Million) 
Table 59 Africa: Well Intervention Market Revenue, By Services, 2011 – 2018 ($Million) 
Table 60 Africa: Onshore Market Revenue, By Countries, 2011 – 2018 ($Million) 
Table 61 Africa: Offshore Market Revenue, By Types, 2011 – 2018 ($Million) 
Table 62 Mergers & Acquisitions, January, 2010 – March, 2013
Table 63 Agreements, Contracts, Partnerships, Collaborations & Joint Ventures, January, 2010 – March, 2013
Table 64 New Services/Technology/Product Launch, January, 2010 – March, 2013 
Table 65 Investment, Expansion, Divestment & Other Developments, January, 2010 – March, 2013
Table 66 Aker Solutions: Market Revenue, By Business Segments, 2011 – 2012 ($Million) 
Table 67 Aker Solutions: Services - Its Descriptions & Applications
Table 68 Archer: Market Revenue, By Business Segments, 2012 ($Million) 
Table 69 Archer: Market Revenues, By Business Segments, 2010 – 2011 ($Million) 
Table 70 Archer: Services & Its Description/Application
Table 71 Baker Hughes: Market Revenue, By Business Segments, 2011 – 2012 ($Billion) 
Table 72 Baker Hughes: Services & Its Descriptions/Applications
Table 73 Basic Energy: Market Revenue, By Business Segments, 2011 – 2012 ($Million) 
Table 74 Basic Energy: Services & Products
Table 75 Cudd Energy: Product/Service & Its Description/Application
Table 76 Expro Group: Market Revenue, By Business Segments, 2011 – 2012 ($Million) 
Table 77 Expro Group: Products/Services – Its Applications & Descriptions
Table 78 Fmc Technologies: Market Revenue, By Business Segments, 2011 – 2012 ($Million)
Table 79 Fmc Technologies: Market Revenue, By Geography, 2011 – 2012 ($Million) 
Table 80 Fmc Technologies: Products & Its Descriptions/Applications
Table 81 Halliburton: Market Revenue, By Business Segments, 2011 – 2012 ($Billion) 
Table 82 Halliburton: Market Revenue, By Geography, 2011 – 2012 ($Billion) 
Table 83 Halliburton: Services - Its Brand Name & Applications
Table 84 Helix Energy Solutions: Market Revenue, By Business Segments, 2011 – 2012 ($Million)
Table 85 Helix: Services, Types & Its Applications
Table 86 Key Energy: Market Revenue, By Business Segments, 2011 – 2012 ($Million) 
Table 87 Key Energy: Products/Services & Its Descriptions/Applications
Table 88 Lupatech: Market Revenue, By Geography, 2010 – 2011 ($Million) 
Table 89 Lupatech: Services & Its Descriptions
Table 90 Nabors Industries: Market Revenue, By Business Segments, 2011 – 2012 ($Million)
Table 91 Nabors Industries: Products/Services & Its Descriptions/Applications
Table 92 Norshore: Services & Its Applications
Table 93 Schlumberger: Market Revenue, By Business Segments, 2011 – 2012 ($Billion) 
Table 94 Schlumberger: Market Revenue, By Geography, 2011 – 2012 ($Billion) 
Table 95 Schlumberger: Services & Its Descriptions/Applications
Table 96 Superior Energy Services: Market Revenue, By Business Segments, 2011 – 2012 ($Million)
Table 97 Superior Energy Services: Market Revenue, By Geography, 2011 – 2012 ($Million)
Table 98 Superior Energy Services: Subsidiaries & Its Intervention Services
Table 99 Trican Well Service: Market Revenue, By Geography, 2011 – 2012 ($Million) 
Table 100 Trican Well Services: Products/Services & Its Descriptions/Applications
Table 101 Weatherford: Market Revenue, By Business Segments, 2011 – 2012 ($Billion) 
Table 102 Weatherford: Products/Services & Its Descriptions/Applications
Table 103 Welltec: Market Revenue, By Geography, 2011 – 2012 ($Million) 
Table 104 Welltec: Products/Services & Its Descriptions/Applications
Table 105 Wright’s Well Control: Products/Services & Its Descriptions/Applications
 
 
List Of Figures  ( 31 Figures)
 
Figure 1 Global Market: Regional Scenario, 2012
Figure 2 Global Market Dynamics
Figure 3 Well Intervention: Regional Market, 2012
Figure 4 Well Intervention Applications Market: 2013 – 2018
Figure 5 Well Intervention Applications Market: Regional Split, 2013 – 2018 
Figure 6 Key Market Strategies By Global Players
Figure 7 Benchmarking The Major Players
Figure 8 Well Intervention Market Share, By Geography, 2011
Figure 9 Types Of Well Intervention Services
Figure 10 Well Intervention Market Share, By Services, 2012
Figure 11 Classification Of Well Intervention Services, By Application Areas 
Figure 12 Value Chain Analysis Of Well Intervention Market
Figure 13 Change In Crude Oil Consumption, By Geography, 2007 – 2011
Figure 14 Change In Crude Oil Production, By Regions, 2007 – 2011
Figure 15 Change In Natural Gas Production, By Geography, 2007 – 2011
Figure 16 Change In Natural Gas Production, By Geography, 2007 – 2011
Figure 17 Growth Of Proved Oil Reserves, By Geography, 2007 – 2011 (‘000 Million Bbls) 
Figure 18 Growth Of Proved Natural Gas Reserves, By Geography, 2007 – 2011 (Tcm) 
Figure 19 Proved Shale Gas Reserves, 2011
Figure 20 Porter’s Five Force Analysis
Figure 21 Well Intervention Market Share Analysis, 2012
Figure 22 Patent Registration Trend: 2010 – 2012
Figure 23 Patent Analysis Market Share, By Countries/Regions, January 2010 – March 2013 
Figure 24 Patent Analysis, By Companies, January 2010 – March 2013
Figure 25 Well Intervention Market Share, By Application Areas, 2012
Figure 26 Global Well Intervention Market Share, By Geography, 2012
Figure 27 Major Growth Strategies In Global Well Intervention Market, January, 2010 – March, 2013
Figure 28 Mergers & Acquisitions, January, 2010 – March, 2013
Figure 29 Agreements, Contracts, Partnerships, Collaborations & Joint Ventures, January, 2010 – March, 2013
Figure 30 New Services/Technology/Product Launch, January, 2010 – March, 2013 
Figure 31 Investment, Expansion, Divestment & Other Developments, January, 2010 – March, 2013 

Well Intervention: $17.48 billion market by 2018 signify firm annualized growth rate of 11.9%

Global market is witnessing decent growth based on increased energy demand and large investments for oil field developments around the globe, especially in Africa and Americas. Americas holds the major market share followed by Europe and Asia-Pacific. In terms of individual countries, the market is dominated by U.S. due to the largest number of existing oil & gas wells and expanding investment for oilfield development which makes it largest end user services in well intervention.

Well Intervention Market Share, By Geography, 2012

Well Intervention Market

Source: MarketsandMarkets Analysis

Major players of this market are Schlumberger Ltd (U.S.), Weatherford International Ltd (Switzerland), Aker Solutions ASA (Norway), Archer – The Well Company (Bermuda), Halliburton Co. (U.S.), Superior Energy Services (U.S.), Nabors Industries Ltd (Bermuda), Baker Hughes Inc. (U.S.), etc.

Most of these companies mainly relied on growth strategies such as mergers and acquisitions, new services launch and technology enhancement, and expansions in diversified geographic areas. The growing demand for technologically advanced and cost effective intervention solutions has prompted most of the companies to launch highly innovative and integrated intervention services, thus inviting more service contracts to improve their market share.

The companies involved in this services business are thus expanding into emerging markets such as Africa and Middle East. Integrated cost effective intervention technologies are the key strategies that are helping the companies to maximize their revenue, for deeper market penetration of the existing market, and expansion into the new and emerging markets. Americas has the largest market of this services due to the maturity of existing wells in the region. Africa represents the major potential for the market complemented by high investments in offshore field exploration and developments.

The fastest growing global offshore well intervention market is at $3.2 billion in 2012, which is expected to hold around 46% market share by 2018, increasing significantly from 37% in 2012. Major well intervention market includes logging & bottom hole survey, tubing/packer failure & repair, and stimulation. These three services account for around 50% of the market. Increasing attention towards enhanced oil recovery is drawing the growth of this services market. Four years ago, the economic slump experienced by Americas and European economies slowed down the growth rate of this market slightly. But this effect has been negated now and the market would continue to grow at a very significant rate in the future due to the increasing demand of hydrocarbons to satisfy the energy needs.

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