Well Intervention Market

Well Intervention Market by Service (Logging and Bottomhole Survey, Tubing/Packer Failure and Repair, Stimulation), Intervention (Light, Medium, Heavy), Application (Onshore, Offshore) Well (Horizontal, Vertical) Region - Global Forecast to 2026

Report Code: EP 3333 Jul, 2021, by marketsandmarkets.com

[313 Pages Report] The global well intervention market is projected to reach USD 9.3 billion by 2026 from an estimated USD 7.6 billion in 2021, at a CAGR of  4.2% during the forecast period. Increasing efforts by upstream companies to enhance the production from the mature fields is driving the well intervention market.

Well Intervention Market

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COVID-19 Impact on the Global Well Intervention  Market

The propagation of the COVID-19 worldwide has slowed down the growth of numerous industries. The effects of the COVID-19 pandemic, including actions taken by businesses and governments to contain the spread of the virus, have resulted in a significant and swift reduction in the demand for oil and gas. As of May 28, 2020, 212 countries had been impacted by the pandemic, and the governments of individual countries had ordered nationwide lockdowns. This resulted in a considerable decline in transportation and related activities, which impacted the demand for oil and gas. According to the International Energy Agency (IEA) report, the geopolitical events increased the supply of low-priced oil to the global market, and at the same time, the demand declined due to the outbreak of the pandemic, leading to a collapse in oil prices in March 2020. These events together adversely affected the demand for oil and natural gas, as well as for well intervention services and products, and caused significant volatility in the oil prices.

Market Trends

Well Intervention Market by Trends

Well Intervention Market Dynamics

Driver: Growing need for maximizing production potential of mature oil & gas fields

According to a survey by Halliburton, one of the leading players in the well intervention market, mature fields account for about 70.0% of the global oil & gas production, with many in the secondary or tertiary production phases. The average recovery factor is 70.0% for gas and 35.0% for oil. However, the recovery rates may decline further due to geological characteristics, resource constraints, or operational inefficiencies of old technologies. A mature field is characterized by a decline in overall production after primary recovery efforts or when easily accessible hydrocarbons are recovered. These wells are far from being a decaying resource, as they are likely to cater to the rising demand for energy in the future. The major difficulty with the mature fields is that either their oil production is uneconomical or the operator faces technological limitations to recover oil reserves.

Mature fields are often equipped with old equipment and infrastructure. They produce more water than oil, which raises potential environmental issues. Well intervention techniques enhance the recovery of mature fields and extend their peak production period. New well intervention technologies enable high percentages of hydrocarbon to be produced economically in mature reservoirs.

The major oil & gas companies have shifted their focus toward developing new tools and techniques required to exploit bypassed pay zones in mature reserves instead of drilling new wells, which is a cost-intensive process.  They are emphasizing increasing recovery and extending the life of mature fields, hence exceeding the natural production levels.

The rise in oil and gas production has resulted in the rapid depletion of new fields, which eventually has led to an increase in the number of mature fields. The recovery potential of these depleting resources is enormous, with 80.0% of estimated reserves found in the Middle East and North Africa, 43.0% in Asia Pacific, and 24.0% in Latin America.

The upstream companies in Europe demand the latest technologies for well intervention operations as more than 60.0% of the oilfields in Norway and the UK have become mature and require well intervention services to increase the production of hydrocarbons in the reservoirs.

Restraints: Strict government regulations pertaining to exploration and production activities

OECD and non-OECD countries have introduced new regulations related to greenhouse gas emissions, oil & gas operation performance standards, and guidelines for the maintenance of certain stationary gas and diesel engines.

In the US, the states of New York and Maryland have banned hydraulic fracturing due to various concerns related to health and environmental degradation, such as air and water contamination. The state of Ohio reported 77 minor earthquakes in a month, which were predominantly caused by hydraulic fracturing activities in 2014. Besides, France, Bulgaria, Romania, Ireland, South Africa, Czech Republic, Denmark, Germany, the UK, and Scotland have banned hydraulic fracturing activities. These factors are consequently expected to hamper the growth of the oil & gas service industry in the long term.

The government regulations related to the oil & gas field developments have become strict and regulatory authorities have re-evaluated the drilling procedures intending to prevent future oil spill incidents. Various oil spills, such as the Torrey Canyon in 1967, the Amoco Cadiz in 1978, the Piper Alpha 1988 disaster in the North Sea, the Exxon Valdez 1989, the Prestige oil spill 2002 in the Bay of Biscay, and the Montara incident 2009, have highlighted the devastating impacts of exploration and drilling activities on the human and marine ecosystem. For instance, 11 workers were killed, and 4.9 million barrels of oil leakage was estimated during the Macondo oil spill in 2010 in the Gulf of Mexico. Furthermore, it is estimated that 25,000 maritime mammals were also affected.

International, national, and state governments and agencies have imposed legislation and regulations that are focused on restricting greenhouse gas (GHG) emissions and compliance with climate action regulations. In the US, the Environmental Protection Agency (EPA)’s Greenhouse Gas Reporting Rule requires monitoring and reporting of GHG emissions from mobile and stationary greenhouse gas (GHG) emission sources in the oil & gas industry. Other developments focused on restricting greenhouse gas (GHG) emissions include the United Nations Framework Convention on Climate Change, which includes implementation of the Paris Agreement and the Kyoto Protocol by the allied countries; the European Union Emission Trading System; the Article 8 of the European Union Energy Efficiency Directive; the United Kingdom’s Streamlined Energy and Carbon Reporting (SECR); the European Commission’s proposed Carbon Border Adjustment Mechanism (CBAM); the Regional Greenhouse Gas Initiative; the Western Climate Action Initiative; and various state programs in the US.

Thus, changes in government regulations related to greenhouse gases, climate change, and alternative energy sources may hamper the growth of the companies engaged in oil and natural gas exploration and production activities and negatively impact the demand for well intervention services.

Opportunities: Digitalization and automation of  intervention services

Well-related problems ranging from small leaks to significant structural failures have steadily increased over the past decade due to  aging fields  and increasingly complex wells. Over this period, these well integrity issues have caused significant safety, cost, and production implications for oil & gas companies. The oil & gas companies are adopting new digitization strategies to reshape their operations, which results in better analysis of well conditions and reduces the operational expenditure

The oilfield service providers are designing and developing new well intervention solutions to meet the rising demand for intervention solutions from upstream operators in the well intervention market. For instance, Schlumberger (US), in September 2017, launched DELFI cognitive E&P environment, a cloud-based Software-as-a-Service (SaaS) that enables collaboration among exploration and production (E&P) teams and leverages the full potential of all available data and science to optimize E&P assets. DELFI environment relies on digital technologies such as security, analytics, machine learning, high-performance computing, and the Internet of Things (IoT) to improve operational efficiency and deliver optimized production at the lowest cost per barrel. In February 2020, Baker Hughes (US) and C3 (US) launched BHC3 production optimization that uses artificial intelligence (AI) to optimize hydrocarbon production, reduce production costs, and optimize artificial lift and injection set points. In addition, Baker Hughes and C3 also designed BHC3 well integrity & health, an AI-based solution that enables real-time well monitoring and predicts formation and mechanical issues before they lead to cost-intensive well integrity issues. In October 2020, Halliburton introduced SmartFleet, an intelligent automated fracturing system that helps operators in real-time fracture control while pumping by combining live 3D visualization, subsurface fracture measurements, and real-time fracture commands. In April 2021, Halliburton (US) launched Ovidius, an expanding isolation system comprising of an engineered metal alloy packer that transforms into a rock-like material when it reacts with downhole fluids to improve the integrity of the well.

Furthermore, the upstream operators prefer digital slickline methods over the conventional slickline operations, as the e-line (digital wireline logging) provides real-time downhole information. It improves the success of long, challenging runs and eliminates costly re-runs. In production operations, new fiber optic technologies enable real-time logging and measuring applications to record high data volume in the wellbore.

Challenges: Complex well intervention operations in harsh high-pressure and high temperature (HPHT) environmental conditions

Oil and gas reserves are finite resources that are depleting as production activities are constantly rising. Thus, the upstream operators have increased their focus on challenging geographic conditions such as High-Pressure High Temperature (HPHT) wells. The commercial viability of uneconomic gas reserves and the use of thermal recovery techniques have increased the requirement for operations in HPHT wells in the Gulf of Mexico Kvitebjψrn, Kristin and Huldra fields, and the North Sea, among other regions. However, the drilling of HPHT exploratory wells involves high-risk and cost-intensive operations, which is expected to be a challenge for well intervention service providers.

Ultradeep wells may reach depths beyond 10,700 m, and their hydrostatic pressure can exceed 30,000 psi. The drilling assemblies, logging while drilling (LWD) tools, wireline logging equipment, well testing tools, completion hardware, and well intervention tools are exposed to these extreme pressures and may lead to equipment failure and possible obstruction of the wellbore. Metals and alloys commonly used in aerospace and nuclear power energy and sealing technologies have been adopted by upstream operators to mitigate the effects of high pressure. However, the use of these materials in oil & gas applications is often constrained by wellbore size limitations, particularly in deepwater wells. It is challenging for companies to design logging, drilling tools, and other well intervention equipment that withstands high-pressure extremes and also fit into small diameter wellbores of ultradeep wells. Similarly, companies may find it challenging to develop well intervention tools that require electronic components designed specifically for high-temperature environments.  In HPHT wells the consequences of equipment failure are costlier than that of a conventional well. Therefore, before field application, new products and services designed for hostile environments must be rigorously tested and qualified to withstand the tougher downhole conditions.

Various codes and practices have been established to provide guidelines while performing intervention activities in HPHT wells. For instance, the Bureau of Safety and Environmental Enforcement (US) defines the code of Federal Regulations for the well completion of HPHT wells in the Gulf of Mexico. 30 CFR 250.804, a practice under these regulations, demands special requirements for subsurface safety valves and related equipment installed in the HPHT environment.

In 2012, the American Petroleum Institute (API) Technical Report 1PER15K-1 Protocol for Verification and Validation of High-Pressure High-Temperature Equipment defined a high-pressure well as having a pressure greater than 15,000 psi and temperature above 350°F (177°C). The standards are related to the design specifications for equipment and acceptable materials that can be used in HPHT operations. In addition, it provides specifications for the testing of well control and completion hardware to ensure safety, suitability, and integrity.

Similarly, ONGC, the national oil company of India, has classified HPHT wells as specially challenged wells, with pressure above 10–15 ksi and temperature above 350°F. Such wells have special cementing slurry to keep them isolated.

By service, the logging & bottomhole survey segment is expected to make the largest contribution to the 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 the Americas and the Asia Pacific, 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 North America and Africa, due to their planned exploration and drilling projects for the coming years. Such developments in the offshore are driving the well intervention market.

By well type, the horizontal wells segment is expected to dominate to the well intervention market during the forecast period.

The horizontal well segment is expected to dominate the global well intervention market owing to the booming shale production, which requires hydraulic fracturing which is one of the major drivers for well intervention market. Furthermore, it is also increasing the focus on enhancing the primary production and reducing the total number of wells to develop an entire oilfield.

North America is expected to be the largest market during the forecast period.

North America, Europe, South & Central America, Asia Pacific, Middle East, and Africa are the major regions considered for the study of the well intervention market. North America is estimated to be the largest market from 2021 to 2026, driven by the growth in unconventional resources in the US and Canada. 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.

Well Intervention Market by Region

Key Market Players

The major players in the global well intervention market are Halliburton (US), Schlumberger (US), Baker Hughes (US), Weatherford International  (US), NexTier Oilfield Solutions(US), NOV (US), Archer (Norway), Altus Intervention (Norway), and Expro Group (UK).

Scope of the report

Report Metric

Details

Market Size available for years

2016–2026

Base year considered

2020

Forecast period

2021–2026

Forecast units

Value (USD)

Segments covered

Service, Intervention Type, Well Type, and Application 

Geographies covered

Asia Pacific, North America, Europe, Middle East, Africa, and South & Central America 

Companies covered

Halliburton (US), Schlumberger (US), Baker Hughes (US), Weatherford International (US), NexTier Oilfield Solutions(US), Archer (Norway), Expro Group (UK), Trican Well Service (Canada), Pioneer Energy Services(US), Basic Energy Services (US), Nine Energy Services(US), Key Energy Services(US), Oceaneering International (US), Welltec (Denmark), and Altus Intervention (Norway) and others.

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

 Based on Service, the well intervention market has been segmented as follows:

  • Logging and Bottomhole Survey
  • Tubing/Packer Failure and Repair
  • Stimulation
  • Remedial Cementing
  • Zonal Isolation
  • Sand Control
  • Artificial Lift
  • Re-perforation
  • Fishing
  • Others

Based on Intervention Type, the well intervention market has been segmented as follows:

  • Light Intervention
  • Medium Intervention
  • Heavy Intervention

Based on Well Type, the well intervention market has been segmented as follows:

  • Horizontal Well
  • Vertical Well

Based on Application, the well intervention market has been segmented as follows:

  • Onshore
  • Offshore
    • Shallow Water
    • Deepwater
    • Ultra-deepwater

Based on the region, the power quality equipment market has been segmented as follows:

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

Recent Developments

  • In April 2021, Halliburton has launched StrataXaminer, a wireline logging service that provides images of the reservoir structure to identify bedding, fracture patterns, fault zones, and potential flow barriers.
  • In March 2021, Schlumberger and Microsoft have entered into a partnership to provide open, enterprise-scale data management to the energy industry. The companies launched an Artificial Intelligence (AI) enhanced cloud-native solution for the Open Subsurface Data Universe (OSDU) platform optimized for Microsoft Azure as part of the partnership.
  • In March 2021, Baker Hughes’ Subsea Drilling Systems business and MHWirth, a wholly owned subsidiary of Akastor created a joint venture company. The company would deliver offshore drilling equipment and service offering that will provide customers with a broad portfolio of products and services across the globe. 
  • In October 2020, Weatherford International launched ForeSite sense, a reservoir monitoring solution that provides real-time critical downhole data such as pressure, temperature, and flow measurements. ForeSite sense serves applications across mature wells, shale wells, and deepwater wells.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 34)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
    1.3 INCLUSIONS AND EXCLUSIONS
           1.3.1 WELL INTERVENTION MARKET, BY SERVICE: INCLUSIONS VS. EXCLUSIONS
    1.4 MARKET SCOPE
           1.4.1 WELL INTERVENTION MARKET: SEGMENTATION
           1.4.2 GEOGRAPHIC SCOPE
           1.4.3 YEARS CONSIDERED
    1.5 CURRENCY
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 40)
    2.1 RESEARCH DATA
           FIGURE 1 WELL INTERVENTION MARKET: RESEARCH DESIGN
    2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 2 DATA TRIANGULATION METHODOLOGY
           2.2.1 SECONDARY DATA
                    2.2.1.1 Key data from secondary sources
           2.2.2 PRIMARY DATA
                    2.2.2.1 Key data from primary sources
                    2.2.2.2 Breakdown of primaries
    2.3 SCOPE
           2.3.1 IMPACT OF COVID-19 ON OIL & GAS ACTIVITIES
    2.4 MARKET SIZE ESTIMATION
           2.4.1 BOTTOM-UP APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.4.2 TOP-DOWN APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.4.3 KEY INFLUENCING FACTORS/DRIVERS
                    2.4.3.1 Well Count
                               TABLE 1 DEMAND FOR WELL INTERVENTION SERVICES: NEW WELLS VS.OLD WELLS
                    2.4.3.2 Rig Count
                               FIGURE 5 CRUDE OIL PRICE VS. RIG COUNT
                    2.4.3.3 Production
                               FIGURE 6 OPERATIONAL WELL COUNT VS. CRUDE OIL PRODUCTION
                    2.4.3.4 Crude oil prices
                               FIGURE 7 CRUDE OIL PRICE TREND
           2.4.4 DEMAND SIDE METRICS
                    FIGURE 8 MAIN METRICS CONSIDERED FOR ANALYZING AND ASSESSING DEMAND FOR WELL INTERVENTION
                    2.4.4.1 Demand side calculations
                    2.4.4.2 Assumptions for demand side analysis
                               TABLE 2 COST & FREQUENCY OF WELL GOING FOR WELL INTERVENTION
           2.4.5 SUPPLY SIDE ANALYSIS
                    FIGURE 9 KEY STEPS CONSIDERED FOR ASSESSING SUPPLY OF WELL INTERVENTION
                    FIGURE 10 WELL INTERVENTION MARKET: SUPPLY SIDE ANALYSIS
                    2.4.5.1 Supply side calculations
                    2.4.5.2 Assumptions for supply side
           2.4.6 FORECAST

3 EXECUTIVE SUMMARY (Page No. - 55)
    TABLE 3 WELL INTERVENTION MARKET SNAPSHOT
    FIGURE 11 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF WELL INTERVENTION MARKET IN 2020
    FIGURE 12 LOGGING AND BOTTOMHOLE SEGMENT, BY SERVICE, TO LEAD WELL INTERVENTION MARKET FROM 2021 TO 2026
    FIGURE 13 LIGHT INTERVENTION SEGMENT, BY INTERVENTION TYPE, TO HOLD LARGEST SHARE OF WELL INTERVENTION MARKET FROM 2021 TO 2026
    FIGURE 14 HORIZONTAL WELL SEGMENT TO HOLD LARGER SHARE OF WELL INTERVENTION MARKET, BY WELL TYPE, FROM 2021 TO 2026
    FIGURE 15 OFFSHORE SEGMENT TO REGISTER HIGHER CAGR FROM 2021 TO 2026

4 PREMIUM INSIGHTS (Page No. - 60)
    4.1 ATTRACTIVE OPPORTUNITIES IN WELL INTERVENTION MARKET
           FIGURE 16 GROWING NEED TO ENHANCE PRODUCTION FROM MATURE OIL AND GAS FIELDS TO DRIVE GROWTH OF WELL INTERVENTION MARKET FROM 2021 TO 2026
    4.2 WELL INTERVENTION MARKET, BY SERVICE
           FIGURE 17 LOGGING AND BOTTOMHOLE SURVEY SEGMENT TO ACCOUNT FOR LARGEST SHARE OF WELL INTERVENTION MARKET IN 2026
    4.3 WELL INTERVENTION MARKET, BY INTERVENTION TYPE
           FIGURE 18 LIGHT INTERVENTION SEGMENT TO ACCOUNT FOR LARGEST SHARE OF WELL INTERVENTION MARKET IN 2026
    4.4 WELL INTERVENTION MARKET, BY WELL TYPE
           FIGURE 19 HORIZONTAL WELL SEGMENT TO ACCOUNT FOR LARGER SHARE OF WELL INTERVENTION MARKET IN 2026
    4.5 WELL INTERVENTION MARKET, BY APPLICATION
           FIGURE 20 ONSHORE SEGMENT TO HOLD LARGER SHARE OF WELL INTERVENTION MARKET IN 2026
    4.6 WELL INTERVENTION MARKET IN NORTH AMERICA, BY INTERVENTION AND COUNTRY
           FIGURE 21 ONSHORE SEGMENT AND US HELD LARGEST SHARES OF NORTH AMERICAN WELL INTERVENTION MARKET IN 2020
           FIGURE 20 ONSHORE SEGMENT TO HOLD LARGER SHARE OF WELL INTERVENTION MARKET IN 2026
           FIGURE 22 WELL INTERVENTION MARKET IN NORTH AMERICA TO REGISTER HIGHEST CAGR FROM 2021 TO 2026

5 MARKET OVERVIEW (Page No. - 64)
    5.1 INTRODUCTION
    5.2 COVID-19 HEALTH ASSESSMENT
           FIGURE 23 COVID-19 GLOBAL PROPAGATION
           FIGURE 24 COVID-19 PROPAGATION IN SELECTED COUNTRIES
    5.3 ROAD TO RECOVERY
           FIGURE 25 RECOVERY ROAD FOR 2020 AND 2021
    5.4 COVID-19 ECONOMIC ASSESSMENT
           FIGURE 26 REVISED GDP FOR SELECTED G20 COUNTRIES IN 2020
    5.5 MARKET DYNAMICS
           FIGURE 27 WELL INTERVENTION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.5.1 DRIVERS
                    5.5.1.1 Growing need for maximizing production potential of mature oil & gas fields
                               FIGURE 28 PEAK LOSS OF OIL FROM MATURE CONVENTIONAL OILFIELDS (2010–2017)
                    5.5.1.2 Developments of shale reservoirs
                               TABLE 4 TOP COUNTRIES WITH SIGNIFICANT TECHNICALLY RECOVERABLE OIL AND GAS RESOURCES IN 2019
                    5.5.1.3 Increasing demand for oil and gas in Asia Pacific
                               FIGURE 29 GLOBAL OIL DEMAND FROM 2016 TO 2019
           5.5.2 RESTRAINTS
                    5.5.2.1 Strict government regulations pertaining to exploration and production activities
                    5.5.2.2 Declining demand for oil in Europe
                               FIGURE 30 OIL CONSUMPTION TREND IN EUROPE (2016–2026)
                    5.5.2.3 Volatility in oil prices and decline in upstream capital investments
                               FIGURE 31 GLOBAL OIL & GAS UPSTREAM CAPITAL SPENDING (2010–2020)
           5.5.3 OPPORTUNITIES
                    5.5.3.1 Increasing oil and gas discoveries
                    5.5.3.2 Digitalization and automation of well intervention solutions
                    5.5.3.3 Growing demand for offshore and subsea well intervention
           5.5.4 CHALLENGES
                    5.5.4.1 Complex well intervention operations in harsh high-pressure and high temperature (HPHT) environmental conditions
                    5.5.4.2 Implementation of artificial lift technologies in horizontal wells
                    5.5.4.3 Supply chain disruption and demand shock attributed to COVID-19
    5.6 TRENDS
           5.6.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR WELL INTERVENTION SERVICE PROVIDERS
           FIGURE 32 REVENUE SHIFT FOR WELL INTERVENTION
    5.7 MARKET MAP
           FIGURE 33 MARKET MAP FOR WELL INTERVENTION
    5.8 SUPPLY CHAIN ANALYSIS
           FIGURE 34 WELL INTERVENTION SUPPLY CHAIN ANALYSIS
           5.8.1 RAW MATERIAL PROVIDERS/SUPPLIERS
           5.8.2 WELL INTERVENTION EQUIPMENT MANUFACTURERS
           5.8.3 WELL INTERVENTION SERVICE PROVIDERS
           5.8.4 OILFIELD OPERATORS/END USERS
    5.9 TECHNOLOGY ANALYSIS
           5.9.1 WELL INTERVENTION BASED ON DIFFERENT TECHNOLOGIES
    5.10 WELL INTERVENTION: CODES AND REGULATIONS
           TABLE 5 WELL INTERVENTION: CODES AND REGULATIONS
    5.11 INNOVATIONS AND PATENT REGISTRATIONS
           TABLE 6 WELL INTERVENTION: INNOVATIONS AND PATENT REGISTRATIONS, NOVEMBER 2016–MARCH 2021
    5.12 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 35 PORTER’S FIVE FORCES ANALYSIS FOR WELL INTERVENTION MARKET
           TABLE 7 WELL INTERVENTION MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.13 CASE STUDY ANALYSIS
           TABLE 8 WELL INTERVENTION MARKET: CASE STUDY ANALYSIS

6 WELL INTERVENTION MARKET, BY SERVICE (Page No. - 91)
    6.1 INTRODUCTION
           FIGURE 36 WELL INTERVENTION MARKET SHARE, BY SERVICE, 2020 (%)
           TABLE 9 WELL INTERVENTION MARKET, BY SERVICE, 2016–2019 (USD MILLION)
           TABLE 10 WELL INTERVENTION MARKET, BY SERVICE, 2020–2026 (USD MILLION)
    6.2 LOGGING AND BOTTOMHOLE SURVEY
           6.2.1 NORTH AMERICA TO BE LARGEST LOGGING AND BOTTOMHOLE SURVEY MARKET
                    TABLE 11 WELL INTERVENTION MARKET FOR LOGGING AND BOTTOMHOLE SURVEY, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 12 WELL INTERVENTION MARKET FOR LOGGING AND BOTTOMHOLE SURVEY, BY REGION, 2020–2026 (USD MILLION)
    6.3 TUBING/PACKER FAILURE AND REPAIR
           6.3.1 EUROPE TO BE SECOND-LARGEST TUBING/PACKER FAILURE AND REPAIR SERVICE MARKET
                    TABLE 13 WELL INTERVENTION MARKET FOR TUBING/PACKER FAILURE AND REPAIR, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 14 WELL INTERVENTION MARKET FOR TUBING/PACKER FAILURE AND REPAIR, BY REGION, 2020–2026 (USD MILLION)
    6.4 STIMULATION
           6.4.1 GROWING DEMAND FOR HYDRAULIC FRACTURING IN NORTH AMERICA TO OFFER LUCRATIVE OPPORTUNITIES TO STIMULATION SERVICE PROVIDERS
                    TABLE 15 WELL INTERVENTION MARKET FOR STIMULATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 16 WELL INTERVENTION MARKET FOR STIMULATION, BY REGION, 2020–2026 (USD MILLION)
    6.5 REMEDIAL CEMENTING
           6.5.1 COMPLEXITIES IN CARRYING OUT EXPLORATION AND PRODUCTION ACTIVITIES IN UNCONVENTIONAL RESERVES TO DRIVE GROWTH OF REMEDIAL CEMENTING SEGMENT
                    TABLE 17 WELL INTERVENTION MARKET FOR REMEDIAL CEMENTING, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 18 WELL INTERVENTION MARKET FOR REMEDIAL CEMENTING, BY REGION, 2020–2026 (USD MILLION)
    6.6 ZONAL ISOLATION
           6.6.1 INCREASE IN OIL AND GAS PRODUCTION FROM MATURE AND HORIZONTAL WELLS TO DRIVE GROWTH OF ZONAL ISOLATION MARKET
                    TABLE 19 WELL INTERVENTION MARKET FOR ZONAL ISOLATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 20 WELL INTERVENTION MARKET FOR ZONAL ISOLATION, BY REGION, 2020–2026 (USD MILLION)
    6.7 SAND CONTROL
           6.7.1 REDEVELOPMENT OF AGING RESERVOIRS TO PROVIDE LUCRATIVE OPPORTUNITIES FOR PLAYERS IN SAND CONTROL MARKET
                    TABLE 21 WELL INTERVENTION MARKET FOR SAND CONTROL, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 22 WELL INTERVENTION MARKET FOR SAND CONTROL, BY REGION, 2020–2026 (USD MILLION)
    6.8 ARTIFICIAL LIFT
           6.8.1 NORTH AMERICA TO BE FASTEST-GROWING ARTIFICIAL LIFT MARKET
                    TABLE 23 WELL INTERVENTION MARKET FOR ARTIFICIAL LIFT, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 24 WELL INTERVENTION MARKET FOR ARTIFICIAL LIFT, BY REGION, 2020–2026 (USD MILLION)
    6.9 FISHING
           6.9.1 ASIA PACIFIC HELD THIRD-LARGEST SHARE OF FISHING SEGMENT
                    TABLE 25 WELL INTERVENTION MARKET FOR FISHING, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 26 WELL INTERVENTION MARKET FOR FISHING, BY REGION, 2020–2026 (USD MILLION)
    6.10 RE-PERFORATION
           6.10.1 GROWING PRODUCTION FROM MATURE WELLS TO SUPPORT GROWTH OF RE-PERFORATION SEGMENT
                    TABLE 27 WELL INTERVENTION MARKET FOR RE-PERFORATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 28 WELL INTERVENTION MARKET FOR RE-PERFORATION, BY REGION, 2020–2026 (USD MILLION)
    6.11 OTHERS
           TABLE 29 WELL INTERVENTION MARKET FOR OTHERS, BY REGION, 2016–2019 (USD MILLION)
           TABLE 30 WELL INTERVENTION MARKET FOR OTHERS, BY REGION, 2020–2026 (USD MILLION)

7 WELL INTERVENTION MARKET, BY INTERVENTION TYPE (Page No. - 107)
    7.1 INTRODUCTION
           FIGURE 37 WELL INTERVENTION MARKET SHARE, BY INTERVENTION TYPE, 2020 (%)
           TABLE 31 WELL INTERVENTION MARKET, BY INTERVENTION TYPE, 2016–2019 (USD MILLION)
           TABLE 32 WELL INTERVENTION MARKET, BY INTERVENTION TYPE, 2020–2026 (USD MILLION)
    7.2 LIGHT INTERVENTION
           7.2.1 INCREASING DEMAND FOR RISERLESS LIGHT WELL INTERVENTION VESSELS TO BOOST GROWTH OF LIGHT INTERVENTION SEGMENT
                    TABLE 33 LIGHT WELL INTERVENTION MARKET, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 34 LIGHT WELL INTERVENTION MARKET, BY REGION, 2020–2026 (USD MILLION)
    7.3 MEDIUM INTERVENTION
           7.3.1 INCREASING DEVELOPMENTS OF UNCONVENTIONAL RESERVES WITH SUPPORT OF SNUBBING UNITS TO BOOST MARKET GROWTH
                    TABLE 35 MEDIUM WELL INTERVENTION MARKET, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 36 MEDIUM WELL INTERVENTION MARKET, BY REGION, 2020–2026 (USD MILLION)
    7.4 HEAVY INTERVENTION
           7.4.1 DEVELOPMENTS IN MATURE FIELDS TO SUPPORT ADOPTION OF HEAVY INTERVENTION SERVICES
                    TABLE 37 HEAVY WELL INTERVENTION MARKET, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 38 HEAVY WELL INTERVENTION MARKET, BY REGION, 2020–2026 (USD MILLION)

8 WELL INTERVENTION MARKET, BY WELL TYPE (Page No. - 112)
    8.1 INTRODUCTION
           FIGURE 38 WELL INTERVENTION MARKET SHARE, BY WELL TYPE, 2020 (%)
           TABLE 39 WELL INTERVENTION MARKET, BY WELL TYPE, 2016–2019 (USD MILLION)
           TABLE 40 WELL INTERVENTION MARKET, BY WELL TYPE, 2020–2026 (USD MILLION)
    8.2 HORIZONTAL WELL
           8.2.1 SHALE DEVELOPMENTS TO BOOST GROWTH OF HORIZONTAL WELL SEGMENT
                    TABLE 41 WELL INTERVENTION MARKET FOR HORIZONTAL WELLS, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 42 WELL INTERVENTION MARKET FOR HORIZONTAL WELLS, BY REGION, 2020–2026 (USD MILLION)
    8.3 VERTICAL WELL
           8.3.1 ASIA PACIFIC TO DOMINATE MARKET FOR VERTICAL WELLS OWING TO INCREASING COUNT OF MATURE CONVENTIONAL FIELDS
                    TABLE 43 WELL INTERVENTION MARKET FOR VERTICAL WELLS, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 44 WELL INTERVENTION MARKET FOR VERTICAL WELLS, BY REGION, 2020–2026 (USD MILLION)

9 WELL INTERVENTION MARKET, BY APPLICATION (Page No. - 117)
    9.1 INTRODUCTION
           FIGURE 39 WELL INTERVENTION MARKET SHARE, BY APPLICATION, 2020 (%)
           TABLE 45 WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
           TABLE 46 WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
    9.2 ONSHORE
           9.2.1 INCREASING NUMBER OF ONSHORE OIL & GAS AND MATURE FIELDS TO DRIVE GROWTH OF WELL INTERVENTION MARKET
                    TABLE 47 WELL INTERVENTION MARKET FOR ONSHORE APPLICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 48 WELL INTERVENTION MARKET FOR ONSHORE APPLICATION, BY REGION, 2020–2026 (USD MILLION)
    9.3 OFFSHORE
           9.3.1 INCREASING DEEP AND ULTRA-DEEPWATER DRILLING AND PRODUCTION ACTIVITIES AND NUMBER OF MATURING SUBSEA WELLS TO DRIVE MARKET GROWTH
                    TABLE 49 WELL INTERVENTION MARKET FOR OFFSHORE APPLICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 50 WELL INTERVENTION MARKET FOR OFFSHORE APPLICATION, BY REGION, 2020–2026 (USD MILLION)
           9.3.2 SHALLOW WATER
                    9.3.2.1 Maturing shallow oilfields in Middle East and Europe to fuel growth of well intervention market
           9.3.3 DEEPWATER
           9.3.4 ULTRA-DEEPWATER
                    9.3.4.1 Critical environmental conditions in ultra-deepwater locations to drive growth of well intervention market
                               TABLE 51 WELL INTERVENTION MARKET FOR OFFSHORE APPLICATION, BY DEPTH, 2016–2019 (USD MILLION)
                               TABLE 52 WELL INTERVENTION MARKET FOR OFFSHORE APPLICATION, BY DEPTH, 2020–2026 (USD MILLION)

10 GEOGRAPHIC ANALYSIS (Page No. - 124)
     10.1 INTRODUCTION
             FIGURE 40 WELL INTERVENTION MARKET IN NORTH AMERICA TO REGISTER HIGHEST CAGR FROM 2021 TO 2026
             FIGURE 41 WELL INTERVENTION MARKET SHARE, BY REGION, 2020 (%)
             TABLE 53 WELL INTERVENTION MARKET, BY REGION, 2016–2019 (USD MILLION)
             TABLE 54 WELL INTERVENTION MARKET, BY REGION, 2020–2026 (USD MILLION)
     10.2 NORTH AMERICA
             FIGURE 42 REGIONAL SNAPSHOT: NORTH AMERICA LED WELL INTERVENTION MARKET IN 2020
             TABLE 55 NORTH AMERICA WELL INTERVENTION MARKET, BY SERVICE, 2016–2019 (USD MILLION)
             TABLE 56 NORTH AMERICA WELL INTERVENTION MARKET, BY SERVICE, 2020–2026 (USD MILLION)
             TABLE 57 NORTH AMERICA WELL INTERVENTION MARKET, BY INTERVENTION TYPE, 2016–2019 (USD MILLION)
             TABLE 58 NORTH AMERICA WELL INTERVENTION MARKET, BY INTERVENTION TYPE, 2020–2026 (USD MILLION)
             TABLE 59 NORTH AMERICA WELL INTERVENTION MARKET, BY WELL TYPE, 2016–2019 (USD MILLION)
             TABLE 60 NORTH AMERICA WELL INTERVENTION MARKET, BY WELL TYPE, 2020–2026 (USD MILLION)
             TABLE 61 NORTH AMERICA WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
             TABLE 62 NORTH AMERICA WELL INTERVENTION MARKET, BY APPLICATION,2020–2026 (USD MILLION)
             TABLE 63 NORTH AMERICA WELL INTERVENTION MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
             TABLE 64 NORTH AMERICA WELL INTERVENTION MARKET, BY COUNTRY, 2020–2026 (USD MILLION)
             10.2.1 US
                        10.2.1.1 Increasing production from mature shale and tight oil reserves in the US to drive growth of well intervention market
                                     TABLE 65 US WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                                     TABLE 66 US WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             10.2.2 CANADA
                        10.2.2.1 Potential drilling of oil sands and increase in onshore oil production to boost demand for well intervention services
                                     TABLE 67 CANADA WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                                     TABLE 68 CANADA WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
     10.3 EUROPE
             FIGURE 43 REGIONAL SNAPSHOT: EUROPE WELL INTERVENTION MARKET, 2020
             TABLE 69 EUROPE WELL INTERVENTION MARKET, BY SERVICE, 2016–2019 (USD MILLION)
             TABLE 70 EUROPE WELL INTERVENTION MARKET, BY SERVICE, 2020–2026 (USD MILLION)
             TABLE 71 EUROPE WELL INTERVENTION MARKET, BY INTERVENTION TYPE, 2016–2019 (USD MILLION)
             TABLE 72 EUROPE WELL INTERVENTION MARKET, BY INTERVENTION TYPE, 2020–2026 (USD MILLION)
             TABLE 73 EUROPE WELL INTERVENTION MARKET, BY WELL TYPE, 2016–2019 (USD MILLION)
             TABLE 74 EUROPE WELL INTERVENTION MARKET, BY WELL TYPE, 2020–2026 (USD MILLION)
             TABLE 75 EUROPE WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
             TABLE 76 EUROPE WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             TABLE 77 EUROPE WELL INTERVENTION MARKET, BY COUNTRY,2016–2019 (USD MILLION)
             TABLE 78 EUROPE WELL INTERVENTION MARKET, BY COUNTRY, 2020–2026 (USD MILLION)
             10.3.1 RUSSIA
                        10.3.1.1 Increasing exploration and production activities in Russia’s Far East region to drive growth of well intervention market
                                     TABLE 79 RUSSIA WELL INTERVENTION MARKET, BY APPLICATION,2016–2019 (USD MILLION)
                                     TABLE 80 RUSSIA WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             10.3.2 NORWAY
                        10.3.2.1 Rapidly depleting mature oil & gas fields and increase in exploration activities in Norwegian Continental Shelf (NCS) to offer lucrative opportunities for well intervention market
                                     TABLE 81 NORWAY WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                                     TABLE 82 NORWAY WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             10.3.3 UK
                        10.3.3.1 Maximizing production potential in brownfields to fuel growth of well intervention market in UK during forecast period
                                     TABLE 83 UK WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                                     TABLE 84 UK WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             10.3.4 DENMARK
                        10.3.4.1 Redevelopment of mature offshore fields to support growth of well intervention market
                                     TABLE 85 DENMARK WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                                     TABLE 86 DENMARK WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             10.3.5 REST OF EUROPE
                        TABLE 87 REST OF EUROPE WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                        TABLE 88 REST OF EUROPE WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
     10.4 ASIA PACIFIC
             TABLE 89 ASIA PACIFIC WELL INTERVENTION MARKET, BY SERVICE, 2016–2019 (USD MILLION)
             TABLE 90 ASIA PACIFIC WELL INTERVENTION MARKET, BY SERVICE, 2020–2026 (USD MILLION)
             TABLE 91 ASIA PACIFIC WELL INTERVENTION MARKET, BY INTERVENTION TYPE,2016–2019 (USD MILLION)
             TABLE 92 ASIA PACIFIC WELL INTERVENTION MARKET, BY INTERVENTION TYPE, 2020–2026 (USD MILLION)
             TABLE 93 ASIA PACIFIC WELL INTERVENTION MARKET, BY WELL TYPE, 2016–2019 (USD MILLION)
             TABLE 94 ASIA PACIFIC WELL INTERVENTION MARKET, BY WELL TYPE, 2020–2026 (USD MILLION)
             TABLE 95 ASIA PACIFIC WELL INTERVENTION MARKET, BY APPLICATION,2016–2019 (USD MILLION)
             TABLE 96 ASIA PACIFIC WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             TABLE 97 ASIA PACIFIC WELL INTERVENTION MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
             TABLE 98 ASIA PACIFIC WELL INTERVENTION MARKET, BY COUNTRY, 2020–2026 (USD MILLION)
             10.4.1 CHINA
                        10.4.1.1 Increasing exploration and production from unconventional resources to fuel growth of Chinese well intervention market
                                     TABLE 99 CHINA WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                                     TABLE 100 CHINA WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             10.4.2 INDIA
                        10.4.2.1 Redevelopment of legacy oilfields and government initiatives to improve exploration activities to drive growth of Indian well intervention market during forecast period
                                     TABLE 101 INDIA WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                                     TABLE 102 INDIA WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             10.4.3 AUSTRALIA
                        10.4.3.1 Development of unconventional shale resources and focus on redeveloping mature fields to create growth opportunities for well intervention market
                                     TABLE 103 AUSTRALIA WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                                     TABLE 104 AUSTRALIA WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             10.4.4 INDONESIA
                        10.4.4.1 Steep decline in production from mature fields to fuel demand for well intervention
                                     TABLE 105 INDONESIA WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                                     TABLE 106 INDONESIA WELL INTERVENTION MARKET, BY APPLICATION,2020–2026 (USD MILLION)
             10.4.5 MALAYSIA
                        10.4.5.1 Increasing capital expenditures in exploration and drilling activities to boost growth of Malaysian well intervention market
                                     TABLE 107 MALAYSIA WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                                     TABLE 108 MALAYSIA WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             10.4.6 REST OF ASIA PACIFIC
                        TABLE 109 REST OF ASIA PACIFIC WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                        TABLE 110 REST OF ASIA PACIFIC WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
     10.5 SOUTH & CENTRAL AMERICA
             TABLE 111 SOUTH & CENTRAL AMERICA WELL INTERVENTION MARKET, BY SERVICE, 2016–2019 (USD MILLION)
             TABLE 112 SOUTH & CENTRAL AMERICA WELL INTERVENTION MARKET, BY SERVICE, 2020–2026 (USD MILLION)
             TABLE 113 SOUTH & CENTRAL AMERICA WELL INTERVENTION MARKET,BY INTERVENTION TYPE, 2016–2019 (USD MILLION)
             TABLE 114 SOUTH & CENTRAL AMERICA WELL INTERVENTION MARKET, BY INTERVENTION TYPE, 2020–2026 (USD MILLION)
             TABLE 115 SOUTH & CENTRAL AMERICA WELL INTERVENTION MARKET, BY WELL TYPE, 2016–2019 (USD MILLION)
             TABLE 116 SOUTH & CENTRAL AMERICA WELL INTERVENTION MARKET, BY WELL TYPE, 2020–2026 (USD MILLION)
             TABLE 117 SOUTH & CENTRAL AMERICA WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
             TABLE 118 SOUTH & CENTRAL AMERICA WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             TABLE 119 SOUTH & CENTRAL AMERICA WELL INTERVENTION MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
             TABLE 120 SOUTH & CENTRAL AMERICA WELL INTERVENTION MARKET, BY COUNTRY, 2020–2026 (USD MILLION)
             10.5.1 MEXICO
                        10.5.1.1 Increasing investments in maximizing production from aging fields and shale developments to boost market growth
                                     TABLE 121 MEXICO WELL INTERVENTION MARKET, BY APPLICATION,2016–2019 (USD MILLION)
                                     TABLE 122 MEXICO WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             10.5.2 BRAZIL
                        10.5.2.1 Increasing offshore exploration and production activities to boost market growth
                                     TABLE 123 BRAZIL WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                                     TABLE 124 BRAZIL WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             10.5.3 VENEZUELA
                        10.5.3.1 Government initiates to revitalize oil production activities to fuel growth of Venezuelan well intervention market
                                     TABLE 125 VENEZUELA WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                                     TABLE 126 VENEZUELA WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             10.5.4 ARGENTINA
                        10.5.4.1 Shale developments to create potential demand for well intervention services in Argentina
                                     TABLE 127 ARGENTINA WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                                     TABLE 128 ARGENTINA WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             10.5.5 REST OF SOUTH & CENTRAL AMERICA
                        TABLE 129 REST OF SOUTH & CENTRAL AMERICA WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                        TABLE 130 REST OF SOUTH & CENTRAL AMERICA WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
     10.6 MIDDLE EAST
             TABLE 131 MIDDLE EAST WELL INTERVENTION MARKET, BY SERVICE, 2016–2019 (USD MILLION)
             TABLE 132 MIDDLE EAST WELL INTERVENTION MARKET, BY SERVICE, 2020–2026 (USD MILLION)
             TABLE 133 MIDDLE EAST WELL INTERVENTION MARKET, BY INTERVENTION TYPE, 2016–2019 (USD MILLION)
             TABLE 134 MIDDLE EAST WELL INTERVENTION MARKET, BY INTERVENTION TYPE,2020–2026 (USD MILLION)
             TABLE 135 MIDDLE EAST WELL INTERVENTION MARKET, BY WELL TYPE, 2016–2019 (USD MILLION)
             TABLE 136 MIDDLE EAST WELL INTERVENTION MARKET, BY WELL TYPE, 2020–2026 (USD MILLION)
             TABLE 137 MIDDLE EAST WELL INTERVENTION MARKET, BY APPLICATION,2016–2019 (USD MILLION)
             TABLE 138 MIDDLE EAST WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             TABLE 139 MIDDLE EAST WELL INTERVENTION MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
             TABLE 140 MIDDLE EAST WELL INTERVENTION MARKET, BY COUNTRY, 2020–2026 (USD MILLION)
             10.6.1 SAUDI ARABIA
                        10.6.1.1 Enhanced crude production from onshore fields and surge in offshore exploration to drive growth of well intervention market
                                     TABLE 141 SAUDI ARABIA WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                                     TABLE 142 SAUDI ARABIA WELL INTERVENTION MARKET, BY APPLICATION,2020–2026 (USD MILLION)
             10.6.2 UAE
                        10.6.2.1 Fast depleting oil production from oilfields to boost demand for well intervention services
                                     TABLE 143 UAE WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                                     TABLE 144 UAE WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             10.6.3 IRAQ
                        10.6.3.1 Increasing onshore well drilling activities in Iraq to create growth opportunities for well intervention market
                                     TABLE 145 IRAQ WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                                     TABLE 146 IRAQ WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             10.6.4 IRAN
                        10.6.4.1 Onshore segment to drive growth of Iranian well intervention market
                                     TABLE 147 IRAN WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                                     TABLE 148 IRAN WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             10.6.5 QATAR
                        10.6.5.1 Large untapped oil and gas reserves to offer lucrative opportunities for well drilling activities and boost growth of Qatar well intervention market
                                     TABLE 149 QATAR WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                                     TABLE 150 QATAR WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             10.6.6 KUWAIT
                        10.6.6.1 Upcoming investments in oilfields are likely to boost growth of well intervention market in Kuwait
                                     TABLE 151 KUWAIT WELL INTERVENTION MARKET, BY APPLICATION,2016–2019 (USD MILLION)
                                     TABLE 152 KUWAIT WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             10.6.7 REST OF THE MIDDLE EAST
                        TABLE 153 REST OF THE MIDDLE EAST WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                        TABLE 154 REST OF THE MIDDLE EAST WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
     10.7 AFRICA
             TABLE 155 AFRICA WELL INTERVENTION MARKET, BY SERVICE, 2016–2019 (USD MILLION)
             TABLE 156 AFRICA WELL INTERVENTION MARKET, BY SERVICE, 2020–2026 (USD MILLION)
             TABLE 157 AFRICA WELL INTERVENTION MARKET, BY INTERVENTION TYPE, 2016–2019 (USD MILLION)
             TABLE 158 AFRICA WELL INTERVENTION MARKET, BY INTERVENTION TYPE, 2020–2026 (USD MILLION)
             TABLE 159 AFRICA WELL INTERVENTION MARKET, BY WELL TYPE, 2016–2019 (USD MILLION)
             TABLE 160 AFRICA WELL INTERVENTION MARKET, BY WELL TYPE, 2020–2026 (USD MILLION)
             TABLE 161 AFRICA WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
             TABLE 162 AFRICA WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             TABLE 163 AFRICA WELL INTERVENTION MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
             TABLE 164 AFRICA WELL INTERVENTION MARKET, BY COUNTRY, 2020–2026 (USD MILLION)
             10.7.1 NIGERIA
                        10.7.1.1 Rise in exploration activities and developments in mature oil & gas fields to boost market growth
                                     TABLE 165 NIGERIA WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                                     TABLE 166 NIGERIA WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             10.7.2 ALGERIA
                        10.7.2.1 Initiatives to increase exploration activities to support growth of well intervention market during forecast period
                                     TABLE 167 ALGERIA WELL INTERVENTION MARKET, BY APPLICATION2016–2019 (USD MILLION)
                                     TABLE 168 ALGERIA WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             10.7.3 ANGOLA
                        10.7.3.1 Deepwater and ultra-deepwater developments to create growth opportunities for well intervention market in Angola
                                     TABLE 169 ANGOLA WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                                     TABLE 170 ANGOLA WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
             10.7.4 REST OF AFRICA
                        TABLE 171 REST OF AFRICA WELL INTERVENTION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                        TABLE 172 REST OF AFRICA WELL INTERVENTION MARKET, BY APPLICATION, 2020–2026 (USD MILLION)

11 COMPETITIVE LANDSCAPE (Page No. - 188)
     11.1 KEY PLAYERS STRATEGIES
             TABLE 173 OVERVIEW OF KEY STRATEGIES DEPLOYED BY TOP PLAYERS, JANUARY 2016–MAY 2021
     11.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS
             TABLE 174 WELL INTERVENTION MARKET: DEGREE OF COMPETITION
             FIGURE 44 WELL INTERVENTION MARKET SHARE ANALYSIS, 2020
     11.3 MARKET EVALUATION FRAMEWORK
             TABLE 175 MARKET EVALUATION FRAMEWORK
     11.4 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS
             FIGURE 45 TOP FIVE PLAYERS IN WELL INTERVENTION MARKET FROM 2016 TO 2020
     11.5 COMPANY EVALUATION QUADRANT
             11.5.1 STAR
             11.5.2 PERVASIVE
             11.5.3 EMERGING LEADER
             11.5.4 PARTICIPANT
                        FIGURE 46 COMPETITIVE LEADERSHIP MAPPING: WELL INTERVENTION MARKET, 2020
                        TABLE 176 SERVICE FOOTPRINT OF COMPANIES
                        TABLE 177 APPLICATION FOOTPRINT OF COMPANIES
                        TABLE 178 REGIONAL FOOTPRINT OF COMPANIES
                        TABLE 179 OVERALL FOOTPRINT OF COMPANIES
     11.6 COMPETITIVE SCENARIO
             TABLE 180 WELL INTERVENTION MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS, JANUARY 2016–APRIL 2021
             TABLE 181 WELL INTERVENTION MARKET: DEALS, FEBRUARY 2016–APRIL 2021
             TABLE 182 WELL INTERVENTION MARKET: OTHERS, JANUARY 2016–FEBRUARY 2020

12 COMPANY PROFILES (Page No. - 207)
(Business and financial Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))* 
     12.1 KEY PLAYERS
             12.1.1 HALLIBURTON
                        TABLE 183 HALLIBURTON: BUSINESS OVERVIEW
                        FIGURE 47 HALLIBURTON: COMPANY SNAPSHOT
                        TABLE 184 HALLIBURTON: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 185 HALLIBURTON: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 186 HALLIBURTON: DEALS
                        TABLE 187 HALLIBURTON: OTHERS
             12.1.2 SCHLUMBERGER
                        TABLE 188 SCHLUMBERGER: BUSINESS OVERVIEW
                        FIGURE 48 SCHLUMBERGER: COMPANY SNAPSHOT
                        TABLE 189 SCHLUMBERGER: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 190 SCHLUMBERGER: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 191 SCHLUMBERGER: DEALS
                        TABLE 192 SCHLUMBERGER: OTHERS
             12.1.3 BAKER HUGHES
                        TABLE 193 BAKER HUGHES: BUSINESS OVERVIEW
                        FIGURE 49 BAKER HUGHES: COMPANY SNAPSHOT
                        TABLE 194 BAKER HUGHES: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 195 BAKER HUGHES: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 196 BAKER HUGHES: DEALS
                        TABLE 197 BAKER HUGHES: OTHERS
             12.1.4 WEATHERFORD INTERNATIONAL
                        TABLE 198 WEATHERFORD INTERNATIONAL: BUSINESS OVERVIEW
                        FIGURE 50 WEATHERFORD INTERNATIONAL: COMPANY SNAPSHOT
                        TABLE 199 WEATHERFORD INTERNATIONAL: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 200 WEATHERFORD INTERNATIONAL: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 201 WEATHERFORD INTERNATIONAL: DEALS
                        TABLE 202 WEATHERFORD INTERNATIONAL: OTHERS
             12.1.5 NEXTIER OILFIELD SOLUTIONS
                        TABLE 203 NEXTIER OILFIELD SOLUTIONS: BUSINESS OVERVIEW
                        FIGURE 51 NEXTIER OILFIELD SOLUTIONS: COMPANY SNAPSHOT
                        TABLE 204 NEXTIER OILFIELD SOLUTIONS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 205 NEXTIER OILFIELD SOLUTIONS: DEALS
             12.1.6 ARCHER
                        TABLE 206 ARCHER: BUSINESS OVERVIEW
                        FIGURE 52 ARCHER: COMPANY SNAPSHOT
                        TABLE 207 ARCHER: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 208 ARCHER: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 209 ARCHER: DEALS
             12.1.7 EXPRO GROUP
                        TABLE 210 EXPRO GROUP: BUSINESS OVERVIEW
                        FIGURE 53 EXPRO GROUP: COMPANY SNAPSHOT
                        TABLE 211 EXPRO GROUP: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 212 EXPRO GROUP: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 213 EXPRO GROUP: DEALS
             12.1.8 TRICAN WELL SERVICE
                        TABLE 214 TRICAN WELL SERVICE: BUSINESS OVERVIEW
                        FIGURE 54 TRICAN WELL SERVICE: COMPANY SNAPSHOT
                        TABLE 215 TRICAN WELL SERVICE: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 216 TRICAN WELL SERVICE: DEALS
             12.1.9 PIONEER ENERGY SERVICES
                        TABLE 217 PIONEER ENERGY SERVICES: BUSINESS OVERVIEW
                        FIGURE 55 PIONEER ENERGY SERVICES: COMPANY SNAPSHOT
                        TABLE 218 PIONEER ENERGY SERVICES: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             12.1.10 BASIC ENERGY SERVICES
                        TABLE 219 BASIC ENERGY SERVICES: BUSINESS OVERVIEW
                        FIGURE 56 BASIC ENERGY SERVICES: COMPANY SNAPSHOT
                        TABLE 220 BASIC ENERGY SERVICES: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 221 BASIC ENERGY SERVICES: DEALS
             12.1.11 NINE ENERGY SERVICES
                        TABLE 222 NINE ENERGY SERVICES: BUSINESS OVERVIEW
                        FIGURE 57 NINE ENERGY SERVICES: COMPANY SNAPSHOT
                        TABLE 223 NINE ENERGY SERVICES: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 224 NINE ENERGY SERVICES: DEALS
                        TABLE 225 NINE ENERGY SERVICES: OTHERS
             12.1.12 KEY ENERGY SERVICES
                        TABLE 226 KEY ENERGY SERVICES: BUSINESS OVERVIEW
                        FIGURE 58 KEY ENERGY SERVICES: COMPANY SNAPSHOT
                        TABLE 227 KEY ENERGY SERVICES: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             12.1.13 OCEANEERING INTERNATIONAL
                        TABLE 228 OCEANEERING INTERNATIONAL: BUSINESS OVERVIEW
                        FIGURE 59 OCEANEERING INTERNATIONAL: COMPANY SNAPSHOT
                        TABLE 229 OCEANEERING INTERNATIONAL: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 230 OCEANEERING INTERNATIONAL: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 231 OCEANEERING INTERNATIONAL: DEALS
             12.1.14 ALTUS INTERVENTION
                        TABLE 232 ALTUS INTERVENTION: BUSINESS OVERVIEW
                        TABLE 233 ALTUS INTERVENTION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 234 ALTUS INTERVENTION: DEALS
             12.1.15 WELLTEC
                        TABLE 235 WELLTEC: BUSINESS OVERVIEW
                        TABLE 236 WELLTEC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 237 WELLTEC: DEALS
                        TABLE 238 WELLTEC: OTHERS
             12.1.16 AJ LUCAS GROUP
                        TABLE 239 AJ LUCAS GROUP: BUSINESS OVERVIEW
                        FIGURE 60 AJ LUCAS GROUP: COMPANY SNAPSHOT
                        TABLE 240 AJ LUCAS GROUP: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 241 AJ LUCAS GROUP: DEALS
     12.2 OTHER PLAYERS
             12.2.1 NATIONAL OILWELL VARCO (NOV)
             12.2.2 OILSERV
             12.2.3 AKOFS OFFSHORE
             12.2.4 ALMANSOORI SPECIALIZED ENGINEERING
             12.2.5 HUNTING
*Details on Business and financial Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies. 

13 APPENDIX (Page No. - 305)
     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

This study involved four major activities in estimating the current size of the 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

The research study on the well intervention market involved the extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg, Businessweek, Factiva, the World Bank, and BP Statistical Review of World Energy, to identify and collect information useful for this technical, market-oriented, and commercial study. 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 end-product manufacturers 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 is given below:

Well Intervention Market Size, and Share

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 global 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.

Global Well Intervention Market Size: Bottom-Up Approach

Well Intervention Market Size, and Bottom-Up Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained below, the total market has been split into several segments and subsegments. The data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated using both top-down and bottom-up approaches.

Report Objectives

  • To define, describe, and forecast the well intervention market based on service, application, intervention type, and well type
  • To forecast the market size in six key regions, namely, North America, South & Central America, Europe, Asia Pacific, the Middle East, and Africa, along with their key countries
  • To provide detailed information about the key factors such as drivers, restraints, opportunities, and challenges influencing the growth of the well intervention market
  • To strategically analyze the well intervention market with respect to individual growth trends, prospects, and contributions of each segment to the overall market size
  • To analyze the market opportunities for stakeholders and provide a detailed competitive landscape for the market leaders
  • To strategically profile the key players and comprehensively analyze their market share and core competencies
  • To track and analyze competitive developments in the well intervention market, including contracts, agreements, expansions, product launches and developments, mergers, and acquisitions

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:

Regional Analysis

  • Further breakdown of region or country-specific analysis

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Well Intervention Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Well Intervention Market

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Report Code
EP 3333
Published ON
Jul, 2021
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