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 2019

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 2019

By: marketsandmarkets.com
Publishing Date: September 2014
Report Code: EP 2706

 

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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 market. Pressure of growing energy demand is another factor to draw well intervention services in focus. According to BP statistical report, the world’s energy demand increased in recent years. 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, well intervention services become very essential for production revival operations.

Global well intervention market is estimated to reach $19.63 Billion by 2019, at a CAGR of 11.6% from 2014 to 2019. The latest and highly advanced technology required in the African and Asia-Pacific regions are expected to experience the high value generation growth during the next five years.

The stimulation well intervention service is a highly growing market supplemented by maximum number of aging wells in order to increase the production levels. Well intervention service providers are continuously trying to integrate their existing technologies in order to provide a more cost effective solution to intervention operations, which in turn helps them to bag bulk service contracts. This market is a fragmented market with large number of industry players. Hence, merger and acquisition is one of the key strategy followed by leading industry players to increase their market penetration in various regions. Leading industry players of this market include Archer – The Well Company (Bermuda), Baker Hughes Inc. (U.S.), Schlumberger (U.S.), Halliburton Energy Services (U.S.), and Weatherford (Switzerland).


Well Intervention Market, by services, 2014 - 2019 ($MILLION)

Well Intervention Services Market

For this report, the major players in the market are identified through secondary and primary research, based on which their market shares are evaluated. This includes a study of the annual reports of top market players and interviews with key opinion leaders such as the CEOs, Directors, and marketing people.

The size of the overall market is determined by forecasting techniques based on the well intervention market demand in different regions, which is validated through primary sources. The market value for various types of well intervention services are determined and evaluated using primary and secondary research. The market data is available from 2012 to 2019 with a CAGR from 2014 to 2019.

This report analyzes various marketing trends and establishes the most effective growth strategy. It identifies market dynamics such as drivers, opportunities, burning issues, and winning imperatives. Major companies such as Schlumberger, Halliburton, Baker Hughes, and Weatherford have also been profiled in this report.

Scope of the report:

On the basis of service types:

  • Logging & Bottom Hole Survey
  • Tubing/Packer Failure & Repair
  • Stimulation
  • Remedial Cementing
  • Zonal Isolation
  • Sand Control services
  • Artificial Lift Services
  • Fishing
  • Re-Perforation
  • Others

On the basis of application area:

  • Onshore (split by major countries)
  • Offshore (split by light, medium, heavy)

On the basis of geography:

  • North America
  • South & Central America
  • Asia-Pacific
  • Europe
  • Middle East
  • Africa

Table Of Contents 

1 Introduction    (Page No.- 18)

  1.1 Objectives    
  1.2 Analyst Insights    
  1.3 Report Description    
  1.4 Market Segmentation & Market Aspects Covered    
  1.5 Stakeholders    
  1.6 Research Methodology   
      1.6.1 Approach    
      1.6.2 Market Size Estimation    
      1.6.3 Market Breakdown & Data Triangulation    
      1.6.4 Key Data Points Taken From Secondary Sources   
      1.6.5 Key Secondary Sources Used    
      1.6.6 Key Data Points Taken From Primary Sources    
      1.6.7 Assumptions Made For This Report   
   
2 Executive Summary    (Page No.- 28)
   
3 Market Overview & Premium Insights  (Page No.- 30)
  3.1 Introduction   
  3.2 Market Segmentation   
      3.2.1 By Geography    
      3.2.2 By Services    
      3.2.3 By Applications    
  3.3 Market Insights   
      3.3.1 Americas Dominating The Global Market    
      3.3.2 Maximum Growth For Regional Markets    
      3.3.3 Logging & Bottom Hole Survey & Tubing-Major Service Markets    
      3.3.4 Onshore Market Holds A Major Share   
      3.3.5 Major Demand From Americas    
      3.3.6 New Technologies & Mergers: Major Strategies By Market Players    
      3.3.7 Americas & Europe: Strong Base For Well Intervention Companies    
   
4 Market Overview   (Page No.- 46)
  4.1 Introduction    
  4.2 Market Dynamics    
      4.2.1 Drivers    
          4.2.1.1 Pacing Up Energy Demand    
                  4.2.1.1.1 Demand And Supply Scenario Of Crude Oil   
           4.2.1.1.2 Demand And Supply Scenario Of Natural Gas   
   4.2.1.2 Revitalization Of Aging Brown Field Wells  
         4.2.1.3 Reinforcing Existing Reserves   
                  4.2.1.3.1 Proved Oil Reserves     
                  4.2.1.3.2 Proved Gas Reserves 
      4.2.2 Restraints 57   
            4.2.2.1 Regulatory Challenges And Environmental Issues   
                    4.2.2.1.1 High Environmental Risks 57   
                    4.2.2.1.2 Strict Government Regulations   
      4.2.3 Opportunities 58   
            4.2.3.1 Focus On Unconventional Reserves   
            4.2.3.2 Growing Demand Of Well Intervention In Subsea   
      4.2.4 Winning Imperatives    
            4.2.4.1 Synchronization With Growing Investment In Shale Gas  
            4.2.4.2 Consolidations Trend Is The Key    
      4.2.5 Burning Issue    
            4.2.5.1 Increasing Cost Of Offshore Well Intervention Services   
  4.3 Value Chain Analysis 62   
      4.3.1 Equipment Manufacturers    
      4.3.2 Service Providers    
      4.3.3 Oil Field Operators    
  4.4 Porter’s Five Forces Analysis    
      4.4.1 Threat Of New Entrants  
      4.4.2 Threat Of Substitutes    
      4.4.3 Suppliers’ Power   
      4.4.4 Buyers’ Power   
      4.4.5 Degree Of Competition  
   
5 Major Products Used In Well Intervention   (Page No.- 68)
  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.- 82)  
  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 87   
      6.2.3 Stimulation 88   
            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 & Middle East 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 94   
     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 Intervention Services Market    
   
7 Global Well Intervention Market, By Application Areas   (Page No.- 98)  
  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.-107)  
 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 112   
     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 118
     8.3.6 South & Central Americka
           8.3.6.1 Industry Trend 
 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

 8.6 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.- 140)  
 9.1 Introduction
 9.2 Key To Success Is Mergers & Acquisitions
 9.3 Market Share Analysis And Rankings
     9.3.1 Market Share Scenario
     9.3.2 Market Rankings Of The Industry Players
 9.4 Competitive Situation & Trends
     9.4.1 Mergers & Acquisitions
     9.4.2 New Product/Technology/Services Launch
     9.4.3 Contract & Agreement
     9.4.4 Joint Ventures & Alliance
     9.4.5 Expansion
     9.4.6 Other Developments

10 Company Profiles (Page No.- 167)  
 10.1 Archer – The Well Company
      10.1.1 Introduction 167
      10.1.2 Products & Services
      10.1.3 Strategy 169
      10.1.4 Recent Developments
 10.2 Baker Hughes
      10.2.1 Introduction
      10.2.2 Products & Services
      10.2.3 Swot Analysis
      10.2.4 Strategy & Insights
      10.2.5 Mnm View 174
      10.2.6 Recent Developments
 10.3 Expro International Group Holdings Ltd
      10.3.1 Introduction
      10.3.2 Products & Services
      10.3.3 Strategy & Insights
      10.3.4 Recent Developments
 10.4 Fmc Technologies Inc
      10.4.1 Introduction
      10.4.2 Products & Services
      10.4.3 Strategy 181
      10.4.4 Recent Developments
 10.5 Halliburton Co.
      10.5.1 Introduction
      10.5.2 Products & Services
      10.5.3 Swot Analysis
      10.5.4 Strategy & Insights
      10.5.5 Mnm View 185
      10.5.6 Recent Developments
 10.6 Helix Energy Solutions Group Inc.
      10.6.1 Introduction
      10.6.2 Products & Services
      10.6.3 Strategy & Insights
      10.6.4 Recent Developments
 10.7 Key Energy Services Inc.
      10.7.1 Introduction
      10.7.2 Products & Services
      10.7.3 Strategy & Insights
      10.7.4 Recent Developments
 10.8 Nabors Industries Ltd.
      10.8.1 Introduction
      10.8.2 Products & Services
      10.8.3 Strategy & Insights
      10.8.4 Recent Develoments
 10.9 Schlumberger Ltd
      10.9.1 Introduction
      10.9.2 Products & Services
      10.9.3 Swot Analysis
      10.9.4 Strategy & Insights
      10.9.5 Mnm View
      10.9.6 Recent Developments
 10.10 Superior Energy Services Inc.
       10.10.1 Introduction
       10.10.2 Products & Services
       10.10.3 Swot Analysis
       10.10.4 Strategy & Insights
       10.10.5 Mnm View
       10.10.6 Recent Developments
 10.11 Trican Well Service Ltd.
       10.11.1 Introduction
       10.11.2 Products & Services
       10.11.3 Strategy & Insights
       10.11.4 Recent Developments
 10.12 Weatherford International Ltd
       10.12.1 Introduction
       10.12.2 Products & Services
       10.12.3 Swot Analysis
       10.12.4 Strategy & Insights
       10.12.5 Mnm View
       10.12.6 Recent Developments
 10.13 Welltec International Aps
       10.13.1 Introduction
       10.13.2 Products & Services
       10.13.3 Strategy & Insights
       10.13.4 Recent Developments
 10.14 Lupatech
       10.14.1 Introduction
       10.14.2 Products & Services
       10.14.3 Strategy & Insights
       10.14.4 Recent Developments
 10.15 Basic Energy Services Inc.
       10.15.1 Introduction
       10.15.2 Products & Services
       10.15.3 Strategy & Insights
       10.15.4 Recent Developments
 
  
List Of  Tables ( 81 Tables)
 
Table 1  Global Well Intervention Market Revenue, By Services, 2012 – 2019 ($Million)
Table 2  Regional Dominance & Key Market Players
Table 3  Well Intervention Market: Geographical Market Growth
Table 4  Well Intervention Services: Market Facts
Table 5  Well Intervention Applications: Market Scenario
Table 6  Well Intervention Application Areas: Growth Opportunities
Table 7  Major Growth Strategies
Table 8  Regional Benchmarking Of Key Players
Table 9  Demand Of Crude Oil, By Geography, 2009-2013 (‘000 Bbl/Day)
Table 10 Supply Of Crude Oil, By Geography, 2009 – 2013 (‘000 Bbl/Day)
Table 11 Demand Of Natural Gas, By Geography, 2009 – 20013 (Bcm)
Table 12 Supply Of Natural Gas, By Geography, 2009 – 2013 (Bcm)
Table 13 Coiled Tubing: Manufacturers & Service Providers
Table 14 Coiled Tubing: Applications & Processes
Table 15 Wireline Units: Manufacturers & Service Providers
Table 16 Slickline Services: Applications & Processes
Table 17 Electricline Services: Applications & Processes
Table 18 Hydraulic Workover Equipment: Manufacturers & Service Providers
Table 19 Hydraulic Workover: Applications & Processes
Table 20 Rlwi Vessel: Applications
Table 21 Global Well Intervention Market Revenue, By Services, 2012 – 2019 ($Million)
Table 22 Logging & Bottom Hole Intervention Services Market Revenue, By Geography, 2012 – 2019 ($Million)
Table 23 Tubing/Packer Failure & Repair Intervention Services Market Revenue, By Geography, 2012 – 2019 ($Million)
Table 24 Stimulation Intervention Services Market Revenue, By Geography, 2012 – 2019 ($Million)
Table 25 Remedial Cementing Intervention Services Market Revenue, By Geography, 2012 – 2019 ($Million)
Table 26 Zonal Isolation Intervention Services Market Revenue, By Geography, 2012 – 2019 ($Million)
Table 27 Sand Control Intervention Services Market Revenue, By Geography, 2012 – 2019 ($Million)
Table 28 Artificial Lift Intervention Services Market Revenue, By Geography, 2012 – 2019 ($Million)
Table 29 Fishing Intervention Services Market Revenue, By Geography, 2012 – 2019 ($Million)
Table 30 Re-Perforation Intervention Services Market Revenue, By Geography, 2012 – 2019 ($Million)
Table 31 Other Intervention Services Market Revenue, By Geography, 2012 – 2019 ($Million)
Table 32 Well Intervention Market Revenue, By Application Areas, 2012 – 2019 ($Million)
Table 33 Onshore Well Intervention Market Revenue, By Geography, 2012 – 2019 ($Million)
Table 34 Offshore Market Revenue, By Geography, 2012 – 2019 ($Million)
Table 35 Offshore Well Intervention Services Classification, By Types (Light, Medium, Heavy)
Table 36 Offshore Well Intervention Market Revenue, By Types, 2012 – 2019 ($Million)
Table 37   Global Well Intervention Market Revenue, By Geography, 2012 – 2019 ($Million)
Table 38   Americas Well Intervention Market Revenue, By Regions, 2012 – 2019 ($Million)
Table 39 Americas: Market Revenue, By Services, 2012 – 2019 ($Million)
Table 40 Americas: Market Revenue, By Regions, 2012 – 2019 ($Million)
Table 41 Americas: Market Revenue, By Regions, 2012 – 2019 ($Million)
Table 42 Americas: Market Revenue, By Types, 2012 – 2019 ($Million)
Table 43 North America: Well Intervention Market Revenue, By Services, 2012 – 2019 ($Million)
Table 44 North America: Market Revenue, By Countries, 2012 – 2019 ($Million)
Table 45 North America: Market Revenue, By Types, 2012 – 2019 ($Million)
Table 46 S. & C. America: Well Intervention Market Revenue, By Services, 2012 – 2019 ($Million)
Table 47 S. & C. America: Market Revenue, By Countries, 2012 – 2019 ($Million)
Table 48 S. & C. America: Market Revenue, By Types, 2012 – 2019 ($Million)
Table 49 Apac: Well Intervention Market Revenue, By Services, 2012 – 2019 ($Million)
Table 50 Apac: Market Revenue, By Countries, 2012 – 2019 ($Million)
Table 51 Apac: Market Revenue, By Types, 2012 – 2019 ($Million)
Table 52   Europe: Well Intervention Market Revenue, By Services, 2012 – 2019 ($Million)
Table 53 Europe: Market Revenue, By Countries, 2012 – 2019 ($Million)
Table 54 Europe: Market Revenue, By Types, 2012 – 2019 ($Million)
Table 55 Middle East: Well Intervention Market Revenue, By Services, 2012 – 2019 ($Million)
Table 56 Middle East: Market Revenue, By Countries, 2012 – 2019 ($Million)
Table 57 Middle East: Market Revenue, By Types, 2012 – 2019 ($Million)
Table 58 Africa: Well Intervention Market Revenue, By Services, 2012 – 2019 ($Million)
Table 59 Africa: Market Revenue, By Countries, 2012 – 2019 ($Million)
Table 60 Africa: Market Revenue, By Types, 2012 – 2019 ($Million)
Table 61 Mergers & Acquisitions, January, 2011 – August, 2014
Table 62 New Products/Technology/Services Launch, January, 2011 – August, 2014
Table 63 Contract & Agreement, January, 2011 – August, 2014
Table 64 Contract & Agreement, January, 2011 – August, 2014
Table 65 Expasnion Strategy, January, 2011 – August, 2014
Table 66 Other Developments, 2011-2014
Table 67 Archer: Products/Services & Description/Application
Table 68 Baker Hughes: Products/Services & Description/Application
Table 69 Expro: Products/Services & Description/Application
Table 70 Fmc : Products/Services & Description/Application
Table 71 Halliburton: Products/Services & Description/Application
Table 72 Helix : Products/Services & Description/Application
Table 73 Key Energy : Products/Services & Description/Application
Table 74 Nabors : Products/Services & Description/Application
Table 75 Schlumberger : Products/Services & Description/Application
Table 76 Superior Energy : Subsidiaries & Their Intervention Services
Table 77 Trican : Products/Services & Description/Application
Table 78 Weatherford : Products/Services & Description/Application
Table 79 Welltec : Products/Services & Description/Application
Table 80 Lupatec : Products/Services & Description/Application
Table 81 Basic Energy : Products/Services & Description/Application
 
 
List Of Figures ( 33 Figures)
 
Figure 1 Research Methodology
Figure 2 Data Triangulation Methodology
Figure 3 Well Intervention Market Share, By Geography, 2013
Figure 4 Types Of Well Intervention Services
Figure 5 Well Intervention Market Share, By Services, 2013
Figure 6 Classification Of Well Intervention Services, By Application Areas
Figure 7 Global Well Intervention Market Size: Regional Scenario, 2013
Figure 8 Global Market Dynamics
Figure 9 Well Intervention Services: Regional Market, 2013
Figure 10 Well Intervention Applications Market: 2014 – 2019
Figure 11 Well Intervention Applications Market: Regional Split, 2014 – 2019
Figure 12 Benchmarking The Major Players
Figure 13 Change In Crude Oil Consumption, By Geography, 2009 – 2013
Figure 14 Change In Crude Oil Production, By Regions, 2009 – 2013
Figure 15 50
Figure 16 Change In Natural Gas Production, By Geography, 2009 – 2013
Figure 17 Change In Natural Gas Production, By Geography, 2009 – 2013
Figure 18 Growth Of Proved Oil Reserves, By Geography, 2009 – 2013 (‘000 Million Bbls)
Figure 19 Growth Of Proved Natural Gas Reserves, By Geography, 2009 – 2013 (Bcm)
Figure 20 Proved Shale Gas Reserves, 2013
Figure 21 Value Chain Analysis Of Well Intervention Market
Figure 22 Porter’s Five Forces Analysis
Figure 23 Well Intervention Market Share (Value), By Application Areas, 2013
Figure 24 Global Well Intervention Market Share, By Geography, 2013
Figure 25 Major Growth Strategies In Global Well Intervention Service Market, January, 2011 – August, 2014
Figure 26 Well Intervention Services Market Share (By Value): Top 5 Companies Vs Others, 2013
Figure 27 Market Share (By Value) Analysis: By Company, 2013
Figure 28 Mergers & Acquisitions, January, 2011 – August, 2014
Figure 29 New Products/Technology/Services Launch, January, 2011 – August, 2014
Figure 30 Joint Venture & Alliance, January, 2011 – August, 2014
Figure 31 Joint Venture & Alliance, January, 2011 – August, 2014
Figure 32 Expasnion Strategy, January, 2011 – August, 2014
Figure 33 Other Developments, 2011-2014

Well Intervention Market worth $19.63 billion market by 2019 signifies a firm annualized growth rate of 11.6% from 2014 to 2019.

Global well intervention 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 of well intervention services.

Well Intervention Market Share, by Geography, 2013

Well Intervention Services Market


Source: MarketsandMarkets Analysis

Major well intervention services include logging & bottom hole survey, tubing/packer failure & repair, and stimulation. These three services account for around half of the market. Increasing attention towards enhanced oil recovery is drawing the growth of market. Four years ago, the economic slump experienced by Americas and European economies slowed down the growth rate of well intervention 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.

Major players of this market are Schlumberger Ltd (U.S.), Weatherford International Ltd (Switzerland), 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 well intervention 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 well intervention services due to the maturity of existing wells in the region. Africa represents the major potential for well intervention market complemented by high investments in offshore field exploration and developments.

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