North America Well Intervention Market

North America Well Intervention Market by Service (Logging & Bottomhole Survey, Tubing/Packer Failure & Repair, Stimulation), Type (Light, Medium, Heavy), Application (Onshore, Offshore), Well Type (Horizontal, Vertical), Country - Forecast to 2024

Report Code: EP 7396 Oct, 2019, by marketsandmarkets.com

[191 Pages Report] North America well intervention market is projected to reach USD 4.2 billion by 2024 from an estimated USD 3.0 billion in 2019, at a CAGR of 6.5% during the forecast period. Increasing efforts by upstream companies to enhance the production from the mature fields is driving the well intervention market.

North America Well Intervention Market

By service, the logging & bottomhole survey segment is expected to make the largest contribution to North America well intervention market during the forecast period.

Logging tools are inserted into wells to measure acoustic, electrical, radioactive, and electromagnetic properties of the subsurface formations. It can be conducted during any phase, i.e., drilling, completing, producing, and even at the time of abandonment. This helps in identifying the actual condition of a well. Logging & bottomhole survey has gained more importance in recent years with the increased production of unconventional resources such as shale in Texas (US), Calgary (Canada), and New Mexico (US), as the shale production fields require more scrutiny.

By application, the offshore segment is expected to grow at the fastest rate during the forecast period.

The offshore segment is expected to grow at the fastest rate during the forecast period. The offshore segment is categorized further based on the well depth as shallow, deep-water, and ultra-deepwater. The ultra-deepwater segment is expected to grow at the faster CAGR as compared to deep-water segment. This would ultimately create new revenue pockets for the well intervention market during the forecast period.

Moreover, new oilfield discoveries in deep-water and ultra-deepwater offshore locations are expected to increase the drilling operations, especially in the Gulf of Mexico, due to their planned exploration and drilling projects for the coming years. Such developments in the offshore are driving the well intervention market.

North America Well Intervention Market

The US is expected to be the largest market during the forecast period.

US and Canada were studied for the North America well intervention market. The US is estimated to be the largest market from 2019 to 2024, driven by the growth in unconventional resources in the states like Texas, New Mexico, and Oklahoma. Additionally, the demand for intervention operations in the maturing offshore fields in the Gulf of Mexico and other onshore fields in the US is expected to drive market growth.

Key Market Players

The major players in the global well intervention market are Halliburton (US), Schlumberger (US), BHGE (US), Weatherford (US), NOV (US), C&J Energy Services, Inc. (US), Superior Energy Services, Inc. (US), Archer (Norway), Expro Group (UK), Trican (Canada), Welltec (Denmark), Altus Intervention (Norway), and Basic Energy Services (US), RPC (US), Pioneer Energy Services (US), Calfrac Well Services (Canada), Oceaneering (US), Key Energy Services (US), Nine Energy Services (US), Step Energy Services (Canada), and Legend Energy Services (US).

Scope of the Report

Report Metric

Details

Market Size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD)

Segments covered

Service, intervention type, application, well type, and country

Geographies covered

US and Canada

Companies covered

Halliburton (US), Schlumberger (US), BHGE (US), Weatherford (US), NOV (US), C&J Energy Services, Inc. (US), Superior Energy Services, Inc. (US), Archer (Norway), Expro Group (UK), Trican (Canada), Welltec (Denmark), Altus Intervention (Norway), and Basic Energy Services (US), RPC (US), Pioneer Energy Services (US), Calfrac Well Services (Canada), Oceaneering (US), Key Energy Services (US), Nine Energy Services (US), Step Energy Services (Canada), and Legend Energy Services (US)

This research report categorizes the well intervention market based on intervention type, service, application, well type, and country.

Based on Service:

  • Logging & Bottomhole Survey
  • Tubing/Packer Failure & Repair
  • Stimulation
  • Sand Control
  • Zonal Isolation
  • Artificial Lift
  • Fishing
  • Reperforation
  • Others (Water shut off, casing repair, horizontal well sand control, well abandonment, sand-washing, and paraffin, asphaltene, and hydrates removal)

Based on the Intervention Type:

  • Light
  • Medium
  • Heavy

Based on Applications:

  • Onshore
  • Offshore

Based on Well Type:

  • Vertical
  • Horizontal  

Based on the Country:

  • US
  • Canada

Key Questions Addressed by the Report

  • The report identifies and addresses the key segments of the well intervention market, which will help manufacturers and service providers review the growth in demand.
  • The report helps system providers understand the pulse of the market and provides insights regarding the drivers, restraints, opportunities, and challenges.
  • The report will help key players understand the strategies of their competitors better and make more pivotal strategic decisions.
  • The report addresses the market share analysis of key players in the North America well intervention market, and with the help of this, companies can enhance their revenues in the respective markets.
  • The report provides insights about emerging countries for North America well intervention, and hence, the entire market ecosystem can gain a competitive advantage.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Definition
           1.2.1 North America Well Intervention Market, By Service: Inclusions vs Exclusions
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Countries Covered
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Limitation
    1.7 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Scope
           2.2.1 Scope of North America Well Intervention Services Considered Under the Report Mainly Include:
    2.3 Key Influencing Factors/Drivers
           2.3.1 Well Count
           2.3.2 Rig Count
           2.3.3 Production
           2.3.4 Crude Oil Prices
    2.4 Market Size Estimation
           2.4.1 Ideal Demand-Side Analysis
                    2.4.1.1 Assumptions
                    2.4.1.2 Calculation
           2.4.2 Supply-Side Analysis
                    2.4.2.1 Assumptions
                    2.4.2.2 Calculation
           2.4.3 Forecast
    2.5 Market Breakdown & Data Triangulation
    2.6 Primary Insights

3 Executive Summary (Page No. - 36)

4 Premium Insights (Page No. - 43)
    4.1 Attractive Opportunities in the North America Well Intervention Market During the Forecast Period
    4.2 North America Well Intervention Market, By Country
    4.3 US Well Intervention Market, By Well Type & States
    4.4 Market, By Application
    4.5 Market, By Service
    4.6 Market, By Intervention Type
    4.7 Market, By Well Type

5 Market Overview (Page No. - 48)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Demand for Well Intervention Services to Ramp Up Production From Maturing Oil & Gas Fields
                    5.2.1.2 Proliferating Shale Activities in the US and Canada are Increasing the Demand for Well Intervention Services in North America
                    5.2.1.3 Expanding the Offshore Reach of Oil & Gas Exploration & Production in the Gulf of Mexico and East Offshore Canada
           5.2.2 Restraints
                    5.2.2.1 Strict Government Regulations on Drilling Activities
                    5.2.2.2 Fluctuating Oil Prices are Affecting Operational Spending on Well Maintenance and Well Intervention Services
           5.2.3 Opportunities
                    5.2.3.1 Digitalization of Intervention Services
                    5.2.3.2 Rising Exploration & Production Activities are Expected to Drive the North America Well Intervention Market
           5.2.4 Challenges
                    5.2.4.1 Challenging Intervention Operations in High-Pressure High-Temperature (HPHT) Drilling
                    5.2.4.2 Application of Artificial Lift Techniques of Well Intervention in Horizontal Wells
    5.3 Supply Chain Overview
           5.3.1 Key Influencers

6 North America Well Intervention Market, By Service (Page No. - 57)
    6.1 Introduction
    6.2 Logging & Bottomhole Survey
           6.2.1 Operators are Determined to Better Understand the Geology of the Reservoirs, Which is Driving the Logging & Bottomhole Survey Service Across North America
    6.3 Tubing/Packer Failure & Repair
           6.3.1 Growing Focus for Maintaining the Well Integrity During Well Life is Driving the Tubing/Packer Failure & Repair Well Intervention Services Segment in North America
    6.4 Stimulation
           6.4.1 Demand for Hydraulic Fracturing in the US Offers A Lucrative Opportunity to Stimulation Service Providers
    6.5 Remedial Cementing
           6.5.1 Complexity in Carrying Out Squeeze Jobs in Offshore and Shale Reserves is Expected to Drive the Remedial Cementing Segment in North America
    6.6 Zonal Isolation
           6.6.1 Increase in Oil & Gas Production From Mature & Horizontal Wells is Expected to Drive the Zonal Isolation Market
    6.7 Sand Control
           6.7.1 Redevelopment of Aging Reservoirs in Oil Sands in Canada Provides A Lucrative Opportunity for the Sand Control Market
    6.8 Artificial Lift
           6.8.1 Increasingly Challenging Production Environments From Mature Oil & Gas Fields
    6.9 Reperforation
           6.9.1 Increasing Production From Mature Wells is Likely to Support the Growth of the Reperforation Segment
    6.10 Fishing
           6.10.1 Prevention of Significant Nonproducing Time in the Oil & Gas Wells is Driving the North American Fishing Service Segment
    6.11 Others

7 North America Well Intervention Market, By Intervention Type (Page No. - 70)
    7.1 Introduction
    7.2 Light Well Intervention
           7.2.1 Increasing Demand for Riserless Light Well Intervention (Rlwi) Vessel Assists the Growth of the Light Well Intervention Segment
    7.3 Medium Well Intervention
           7.3.1 Medium Well Intervention Segment is Growing at the Highest Rate Owing to the Rising Developments of Unconventional Reserves With the Support of Snubbing Units
    7.4 Heavy Well Intervention
           7.4.1 Developments in Mature Fields Support the Adoption of Heavy Well Intervention Services

8 Well Intervention Market, By Well Type (Page No. - 76)
    8.1 Introduction
    8.2 Horizontal Well
           8.2.1 Wells Drilled Horizontally Into Tight Oil, and Shale Gas Formations Continue to Account for an Increasing Share of Horizontal Wells in North America
    8.3 Vertical Well
           8.3.1 Demand for Well Intervention Services in the Ageing Oil & Gas Fields is Likely to Drive the Vertical Well Segment

9 North America Well Intervention Market, By Application (Page No. - 81)
    9.1 Introduction
    9.2 Onshore
           9.2.1 Growing Shale Activities in the Onshore Region and Rising Rate of Onshore Oilfields Reaching Maturity Drive the Onshore Well Intervention Services
    9.3 Offshore

10 North America Well Intervention Market, By Country (Page No. - 89)
     10.1 Introduction
             10.1.1 By Country
     10.2 US
             10.2.1 By Service
             10.2.2 By Intervention Type
             10.2.3 By Well Type
             10.2.4 By Application
             10.2.5 By States
             10.2.6 Texas
                        10.2.6.1 Huge Amount of Shale Resources and Significant Drilling Activities are Driving the Well Intervention Market in Texas
             10.2.7 Kansas
                        10.2.7.1 New Oil & Gas Field Discoveries Bring Opportunities to the Kansas Well Intervention Market
             10.2.8 California
                        10.2.8.1 Urge for the Redevelopment of Mature Oilfields in California is Driving the Well Intervention Market in the State
             10.2.9 Oklahoma
                        10.2.9.1 Continuous Well Drilling Activities in Oklahoma to Drive the Well Intervention Market in the State
             10.2.10 Pennsylvania
                        10.2.10.1 Advances in Proven Technologies are Delivering New Opportunities in Oil & Natural Gas Exploration & Production Around Pennsylvania, Thereby Driving the Well Intervention Services Market
             10.2.11 Colorado
                        10.2.11.1 Huge Oil & Gas Reserves in Colorado and Continuous Production From the State Drive the Colorado Well Intervention Market
             10.2.12 North Dakota
                        10.2.12.1 Demand for Hydraulic Fracturing Services in the Bakken Ford is Likely to Drive the North Dakota Well Intervention Market
             10.2.13 Illinois
                        10.2.13.1 Shale Development Prospects in the Near Future are Likely to Drive the Well Intervention Market in Illinois
             10.2.14 New Mexico
                        10.2.14.1 New Discoveries in New Mexico Would Drive the Well Intervention Market in the State
             10.2.15 West Virginia
                        10.2.15.1 Low Oil Well Drilling Activities are Hampering the Well Intervention Market in West Virginia
             10.2.16 Rest of the US
     10.3 Canada
             10.3.1 By Service
             10.3.2 By Intervention Type
             10.3.3 By Well Type
             10.3.4 By Application
             10.3.5 By Province
             10.3.6 Alberta
                        10.3.6.1 Huge Potential From Shale Reserves in Alberta Brings Opportunities to the Alberta Well Intervention Market
             10.3.7 British Columbia
                        10.3.7.1 Innovations From Hydraulic Fracturing Services are Driving the Well Intervention Market in British Columbia
             10.3.8 Saskatchewan
                        10.3.8.1 Focus on Increasing Heavy Oil Production is Driving the Saskatchewan Well Intervention Market
             10.3.9 Rest of Canadian Province

11 Competitive Landscape (Page No. - 108)
     11.1 Overview
     11.2 Competitive Leadership Mapping, 2018
             11.2.1 Visionary Leaders
             11.2.2 Innovators
             11.2.3 Dynamic
             11.2.4 Emerging
     11.3 Market Share Analysis, 2018
     11.4 Competitive Scenario
             11.4.1 New Product Launches
             11.4.2 Expansions & Investments
             11.4.3 Contracts & Agreements
             11.4.4 Mergers & Acquisitions

12 Company Profile (Page No. - 116)
     12.1 Halliburton
             12.1.1 Business Overview
             12.1.2 Product Offerings
             12.1.3 Recent Developments
             12.1.4 SWOT
             12.1.5 MnM View
     12.2 Schlumberger
             12.2.1 Business Overview
             12.2.2 Product Offerings
             12.2.3 Recent Developments
             12.2.4 SWOT
             12.2.5 MnM View
     12.3 Baker Hughes, A Ge Company
             12.3.1 Business Overview
             12.3.2 Product Offerings
             12.3.3 Recent Developments
                        12.3.3.1 Bhge
                        12.3.3.2 Baker Hughes Incorporated
                        12.3.3.3 GE Oil & Gas
             12.3.4 SWOT
             12.3.5 MnM View
     12.4 Weatherford
             12.4.1 Business Overview
             12.4.2 Product Offerings
             12.4.3 Recent Developments
             12.4.4 SWOT
             12.4.5 MnM View
     12.5 C&J Energy Services
             12.5.1 Business Overview
             12.5.2 Product Offerings
             12.5.3 Recent Developments
             12.5.4 SWOT
             12.5.5 MnM View
     12.6 Superior Energy Services
             12.6.1 Business Overview
             12.6.2 Product Offerings
             12.6.3 SWOT
             12.6.4 MnM View
     12.7 Archer
             12.7.1 Business Overview
             12.7.2 Product Offerings
             12.7.3 Recent Developments
             12.7.4 MnM View
     12.8 Expro Group
             12.8.1 Business Overview
             12.8.2 Product Offerings
             12.8.3 Recent Developments
             12.8.4 MnM View
     12.9 Trican
             12.9.1 Business Overview
             12.9.2 Product Offerings
             12.9.3 Recent Developments
             12.9.4 MnM View
     12.10 Welltec
             12.10.1 Business Overview
             12.10.2 Product Offerings
     12.11 Altus Intervention
             12.11.1 Business Overview
             12.11.2 Product Offerings
             12.11.3 Recent Developments
     12.12 Basic Energy Services
             12.12.1 Business Overview
             12.12.2 Product Offerings
             12.12.3 MnM View
     12.13 RPC
             12.13.1 Business Overview
             12.13.2 Product Offerings
             12.13.3 SWOT
             12.13.4 MnM View
     12.14 Pioneer Energy Services
             12.14.1 Business Overview
             12.14.2 Product Offerings
             12.14.3 MnM View
     12.15 Calfrac Well Services
             12.15.1 Business Overview
             12.15.2 Product Offerings
             12.15.3 MnM View
     12.16 Oceaneering
             12.16.1 Business Overview
             12.16.2 Product Offerings
             12.16.3 Recent Developments
     12.17 Key Energy Services
             12.17.1 Business Overview
             12.17.2 Product Offerings
     12.18 Nine Energy Services
             12.18.1 Business Overview
             12.18.2 Product Offerings
     12.19 Step Energy Services
             12.19.1 Business Overview
             12.19.2 Product Offerings
     12.20 Legend Energy Services
             12.20.1 Business Overview
             12.20.2 Product Offerings
     12.21 Annexure

13 Appendix (Page No. - 183)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (44 Tables)

Table 1 North America Well Intervention Market: Players/Company Connected
Table 2 North America Well Intervention Market: Inclusions vs Exclusions
Table 3 Demand for Well Intervention Services: New Wells vs Old Wells
Table 4 North America: Rig to New Well Drill Ratio
Table 5 North America: Ideal Demand-Side Approach
Table 6 North America Well Intervention Market Snapshot
Table 7 Unproved Technically Recoverable Shale Resource in North America vs Global
Table 8 Major Proved Reserves of Shale Natural Gas in North America
Table 9 North America Well Intervention Market Size, By Service, 2017–2024 (USD Million)
Table 10 Logging & Bottomhole Survey: Well Intervention Market Size, By Country, 2017–2024 (USD Million)
Table 11 Tubing/Packer Failure & Repair: Market Size, By Country, 2017–2024 (USD Million)
Table 12 Stimulation: Market Size, By Country, 2017–2024 (USD Million)
Table 13 Remedial Cementing: Market Size, By Country, 2017–2024 (USD Million)
Table 14 Zonal Isolation: Well Intervention Market Size, By Region, 2017–2024 (USD Million)
Table 15 Sand Control: Market Size, By Country, 2017–2024 (USD Million)
Table 16 Artificial Lift: Market Size, By Country, 2017–2024 (USD Million)
Table 17 Re-Perforation: Market Size, By Country, 2017–2024 (USD Million)
Table 18 Fishing: Market Size, By Country, 2017–2024 (USD Million)
Table 19 Others: Market Size, By Country, 2017–2024 (USD Million)
Table 20 Well Intervention Market Size, By Intervention Type, 2017–2024 (USD Million)
Table 21 Light Well Intervention: Market Size, By Region, 2017–2024 (USD Million)
Table 22 Medium Well Intervention Market Size, By Country, 2017–2024 (USD Million)
Table 23 Heavy Well Intervention Market Size, By Country, 2017–2024 (USD Million)
Table 24 North America Well Intervention Market Size, By Well Type, 2017–2024 (USD Million)
Table 25 Horizontal Well: Market Size, By Country, 2017–2024 (USD Million)
Table 26 Vertical Well: Market Size, By Country, 2017–2024 (USD Million)
Table 27 North America Well Intervention Market Size, By Application, 2017–2024 (USD Million)
Table 28 Onshore: Market Size, By Country, 2017–2024 (USD Million)
Table 29 Offshore: Market Size, By Country, 2017–2024 (USD Million)
Table 30 North America: Well Intervention Market Size, By Country, 2017–2024 (USD Million)
Table 31 US: Well Intervention Market Size, By Service, 2017–2024 (USD Million)
Table 32 US: Well Intervention Market Size, By Intervention Type, 2017–2024 (USD Million)
Table 33 US: Well Intervention Market Size, By Well Type, 2017–2024 (USD Million)
Table 34 US: Well Intervention Market Size, By Application, 2017–2024 (USD Million)
Table 35 US: Well Intervention Market Size, By State, 2017–2024 (USD Million)
Table 36 Top 10 Oil Producing Fileds and Counties in Kansas in 2018
Table 37 New Field Discoveries
Table 38 Canada: Well Intervention Market Size, By Service, 2017–2024 (USD Million)
Table 39 Canada: Well Intervention Market Size, By Intervention Type, 2017–2024 (USD Million)
Table 40 Canada: Well Intervention Market Size, By Well Type, 2017–2024 (USD Million)
Table 41 Canada: Well Intervention Market Size, By Application, 2017–2024 (USD Million)
Table 42 Canada: Well Intervention Market Size, By Province, 2017–2024 (USD Million)
Table 43 Product & Service Offerings
Table 44 Developments of Key Players in the Market, January 2016–June 2019


List of Figures (63 Figures)

Figure 1 North America Well Intervention Market: Research Design
Figure 2 Newly Drilled Wells in North America
Figure 3 Crude Oil Price vs North America Rig Count
Figure 4 North America: Operational Well Count vs Crude Oil Production
Figure 5 Crude Oil Price Trend, 2014–2019
Figure 6 North America: Ideal Demand-Side Calculation
Figure 7 Research Methodology: Illustration of Companies North America Well Intervention Revenue Estimation (2018)
Figure 8 Ranking of Key Players & Industry Concentration, 2018
Figure 9 Data Triangulation Methodology
Figure 10 Key Service Providers’ Point of View
Figure 11 US Dominated the North America Well Intervention Market in 2018
Figure 12 Logging & Bottomhole Survey Segment is Expected to Hold the Largest Share of the Market, By Service, During the Forecast Period
Figure 13 Light Intervention Segment is Expected to Lead the Market, By Intervention Type, During the Forecast Period
Figure 14 Offshore Segment is Expected to Grow at the Highest CAGR in the Market, By Application, During the Forecast Period
Figure 15 Horizontal Segment is Expected to Lead the Market, By Well Type, During the Forecast Period
Figure 16 Contracts & Agreements is the Major Strategy Adopted By Players in the Market, 2016–2019
Figure 17 Production Enhancement Efforts From Maturing Fields and Rising Capital Expenditures are Expected to Drive the Market, 2019–2024
Figure 18 US Well Intervention Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 19 Horizontal Well Segment and Texas Dominated the US Well Intervention Market in 2018
Figure 20 Onshore Segment Dominated the Market, By Application, in 2018
Figure 21 Logging & Bottomhole Survey is Expected to Dominate the Market, By Service, During the Forecast Period
Figure 22 Light Segment Dominated the Market, By Intervention Type, in 2018
Figure 23 Horizontal Well Segment is Expected to Lead the Market, By Well Type, During the Forecast Period
Figure 24 US Offshore Monthly Oil Production
Figure 25 Oil & Gas Price Trends Q-O-Q Basis (2016–2019)
Figure 26 Yearly Operational Expenditures of the US and Canada (2017–2019)
Figure 27 North America Well Intervention Supply Chain
Figure 28 Logging & Bottomhole Survey Segment Accounted for the Largest Share of the North America Well Intervention Market, By Service, in 2018
Figure 29 US is Expected to Dominate the Logging & Bottomhole Intervention Services Market During the Forecast Period
Figure 30 Light Well Intervention Segment is Expected to Be the Largest Well Intervention Market, By Intervention Type, 2019–2024
Figure 31 Light Well Intervention Segment is Expected to Be the Largest Well Intervention Market in North America, 2019–2024
Figure 32 Horizontal vs Vertical Well Count Trend in the US (2004–2018)
Figure 33 Horizontal Well Segment is Expected to Lead the North America Well Intervention Market, By Well Type, From 2019 to 2024
Figure 34 Onshore Segment is Expected to Lead the North America Well Intervention Market, By Application, From 2019 to 2024
Figure 35 Percentage Breakdown of Cost Shares for the US Onshore Oil and Natural Gas Drilling and Completion
Figure 36 US Dominated the Onshore Application Segment in 2018
Figure 37 US Dominated the Offshore Application Segment of the North America Well Intervention Market in 2018
Figure 38 Regional Snapshot: North America Well Intervention Market, in 2018
Figure 39 Texas is Expected to Dominate the US Well Intervention Services Market During the Forecast Period
Figure 40 Texas: Monthly Oil Production From June 2018 to June 2019
Figure 41 New Mexico: Monthly Oil Production Trend From June 2018 to June 2019
Figure 42 Alberta is Expected to Dominate the Canada Well Intervention Services Market During the Forecast Period
Figure 43 Alberta Oil Production From 2016-2019
Figure 44 British Columbia Energy Production, By Resource, 2018
Figure 45 Key Developments in the Well Intervention Market, January 2016–June 2019
Figure 46 Ranking of Key Players & Industry Concentration, 2018
Figure 47 Halliburton: Company Snapshot
Figure 48 Schlumberger: Company Snapshot
Figure 49 Baker Hughes, A GE Company: Company Snapshot
Figure 50 Weatherford: Company Snapshot
Figure 51 C&J Energy Services: Company Snapshot
Figure 52 Superior Energy Services: Company Snapshot
Figure 53 Archer: Company Snapshot
Figure 54 Expro Group: Company Snapshot
Figure 55 Trican: Company Snapshot
Figure 56 Basic Energy Services: Company Snapshot
Figure 57 RPC: Company Snapshot
Figure 58 Pioneer Energy Services: Company Snapshot
Figure 59 Calfrac Well Services: Company Snapshot
Figure 60 Oceaneering: Company Snapshot
Figure 61 Key Energy Services: Company Snapshot
Figure 62 Nine Energy Services: Company Snapshot
Figure 63 Step Energy Services: Company Snapshot

This study involved four major activities in estimating the current size of the North America well intervention market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to estimate the market size of the segments and sub-segments.

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global well intervention market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.  

Primary Research

The well intervention market comprises several stakeholders, such as tools manufacturers, services providers, and end-users in the supply chain. The demand-side of this market is characterized by its end-users, such as drilling service providers, upstream operators, and others. The supply-side is characterized by intervention service providers, tool providers, integrators, and others. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents are given below:

North America Well Intervention Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the North America well intervention market and its dependent submarkets. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the oil & gas upstream sector.

Report Objectives

  • To define, describe, segment, and forecast the North America well intervention market by service, application, intervention type, well type, and country
  • To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the North America well intervention market with respect to individual growth trends, future expansions, and contribution of each segment to the market
  • To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
  • To forecast the growth of North America well intervention market with respect to the main countries (the US and Canada)
  • To profile and rank key players and comprehensively analyze their market share
  • To analyze competitive developments such as contracts & agreements, expansions & investments, new product launches, mergers & acquisitions, joint ventures, and partnerships & collaborations in the well intervention market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Country Analysis

  • Further breakdown of country or state/province-specific analysis

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)
Report Code
EP 7396
Published ON
Oct, 2019
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