Well Intervention Market

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

Report Code: EP 3333 Jul, 2019, by marketsandmarkets.com

[189 Pages Report] The global well intervention market is projected to reach USD 11.6 billion by 2024 from an estimated USD 8.8 billion in 2019, at a CAGR of 5.7% 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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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 market.

Well Intervention Market

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 market. North America is estimated to be the largest market from 2019 to 2024, 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.

Key Market Players

The major players in the global well intervention market are Halliburton (US), Schlumberger (US), BHGE (US), Weatherford (US), NOV (US), Tenaris (Canada) C&J Energy Services, Inc. (US), Superior Energy Services, Inc. (US), Archer (Norway), Altus Intervention (Norway), Expro Group (UK), Oilserv (UAE), and Welltec (Denmark).

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 region

Geographies covered

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

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 Oilserv (UAE)

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

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

  • Logging & Bottomhole survey
  • Tubing/Packer failure & repair
  • Stimulation
  • Sand Control
  • Zonal Isolation
  • Artificial Lift
  • Fishing
  • Re-perforation
  • 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, the market has been segmented as follows:

  • Light
  • Medium
  • Heavy

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

  • Onshore
  • Offshore
    • Shallow Water
    • Deep-water
    • Ultra-deep Water

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

  • Vertical
  • Horizontal  

Based on the Region, the market has been segmented as follows:

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

Recent Developments

  • In June 2019, BHGE launched a multimodal facility expansion in Angola to manufacture, service and repair equipment and technologies across its four product companies. This facility helps BHGE provide faster response and mobilization to customer sites, reduce product, and service delivery cost.
  • In June 2019, Expro Group launched two new well access solutions, namely Intervention Riser System (IRS) & Riserless Well Intervention (RWI). IRS has increased coiled tubing and disconnect capability and providing an alternative dual barrier through the tubing system. RWI provides reliable wireline through water integrated solutions for carrying out cost-effective intervention and/or abandonment operations on all types of subsea wells.
  • In February 2019, Halliburton announced plans to establish a new oilfield specialty chemical manufacturing facility in Saudi Arabia. This facility will manufacture chemicals for stimulation, production, midstream, and downstream engineered treatment programs.

Key Questions Addressed by the Report

  • The report identifies and addresses the key segments of the 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 market, and with the help of this, companies can enhance their revenues in the respective markets.
  • The report provides insights about emerging geographies for 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. - 18)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regional Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Scope
    2.2 Key Influencing Factors/Drivers
           2.2.1 Well Count
           2.2.2 Rig Count
           2.2.3 Production
           2.2.4 Crude Oil Prices
    2.3 Market Size Estimation
           2.3.1 Ideal Demand-Side Analysis
                    2.3.1.1 Assumptions
                    2.3.1.2 Calculation
           2.3.2 Supply-Side Analysis
                    2.3.2.1 Assumptions
                    2.3.2.2 Calculation
           2.3.3 Forecast
    2.4 Primary Insights

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 36)
    4.1 Attractive Opportunities in the Market During the Forecast Period
    4.2 Market, By Region
    4.3 North American Market, By Well Type & Country
    4.4 Market, By Application
    4.5 Offshore Market, By Depth
    4.6 Market, By Service
    4.7 Market, By Intervention Type
    4.8 Market, By Well Type

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Efforts for Production Enhancement From Maturing Oil & Gas Fields
                    5.2.1.2 Continuous Shale Developments are Likely to Drive the Market
                    5.2.1.3 Stabilized Oil Prices Expediting Upstream Capital Investments
                    5.2.1.4 Rising Primary Energy Consumption From Asia Pacific
           5.2.2 Restraints
                    5.2.2.1 Strict Government Regulations on E&P Activities
                    5.2.2.2 Decreasing Oil Demand From Europe
           5.2.3 Opportunities
                    5.2.3.1 Digitalization of Intervention Services
                    5.2.3.2 Propelled Exploration & Production Activities to Drive the Market
                    5.2.3.3 Demand for Subsea Well Intervention
           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 Technique in Horizontal Wells
    5.3 Supply Chain Overview
           5.3.1 Key Influencers
                    5.3.1.1 Equipment Manufacturers
                    5.3.1.2 Service Providers
                    5.3.1.3 Oilfield Operators
    5.4 Impact of Crude Oil Price on Well Intervention

6 Market, By Service (Page No. - 53)
    6.1 Introduction
    6.2 Logging & Bottomhole Survey
           6.2.1 North America is the Largest Logging & Bottomhole Survey Market
    6.3 Tubing/Packer Failure & Repair
           6.3.1 Europe is Expected to Be the Second Largest Tubing/Packer Failure & Repair Services Market
    6.4 Stimulation
           6.4.1 Demand for Hydraulic Fracturing in the American Region Offers A Lucrative Opportunity to Stimulation Service Providers
    6.5 Remedial Cementing
           6.5.1 Complexity in Carrying Out E&P Activities at Unconventional Reserves is Expected to Drive the Remedial Cementing Segment
    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 Provides Lucrative Opportunities for Players in the Sand Control Market
    6.8 Artificial Lift
           6.8.1 The Middle East is Projected to Be the Fastest Growing Artificial Lift Market
    6.9 Re-Perforation
           6.9.1 Increase in Production From Mature Wells is Likely to Support the Growth of the Re-Perforation Segment
    6.10 Fishing
           6.10.1 Asia Pacific Held the Third Largest Share of the Fishing Segment
    6.11 Others

7 Market, By Intervention Type (Page No. - 65)
    7.1 Introduction
    7.2 Light Intervention
           7.2.1 Increasing Demand for Riserless Light Well Intervention (RLWI) Vessel Assists the Growth of the Light Intervention Segment
    7.3 Medium Intervention
           7.3.1 Medium Intervention Segment is Growing at the Highest Rate Owing to Rise in Developments of Unconventional Reserves With the Support of Snubbing Units
    7.4 Heavy Intervention
           7.4.1 Developments in Mature Fields Support the Adoption of Heavy Intervention Services

8 Market, By Well Type (Page No. - 71)
    8.1 Introduction
    8.2 Horizontal Well
           8.2.1 North America is Expected to Dominate the Horizontal Well Segment Owing to Shale Development in the Region
    8.3 Vertical Well
           8.3.1 Asia Pacific is Expected to Dominate the Vertical Well Segment Owing to the Increasing Count of Mature Conventional Fields in the Region

9 Market, By Application (Page No. - 75)
    9.1 Introduction
    9.2 Onshore
           9.2.1 Increasing Number of Onshore Oil & Gas Fields are Driving the Market
    9.3 Offshore
           9.3.1 Shallow Water
                    9.3.1.1 Maturing Shallow Oilfields in the Middle East and Europe are Driving the Market
           9.3.2 Deepwater
                    9.3.2.1 New Discoveries in Deepwater are Expected to Leverage the Deepwater Market
           9.3.3 Ultra-Deepwater
                    9.3.3.1 Challenging Operations and Safety Regulations in Ultra-Deepwater Locations are Expected to Drive the Market

10 Market, By Region (Page No. - 82)
     10.1 Introduction
     10.2 North America
             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 Country
                        10.2.5.1 US
                                     10.2.5.1.1 Shale Development in the US is A Driving Force for the Market
                        10.2.5.2 Canada
                                     10.2.5.2.1 Rising Onshore Oil Production Along With the Drilling of Oil Sands is Expected to Boost the Demand for Well Intervention Operations
     10.3 Europe
             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 Country
                        10.3.5.1 Russia
                                     10.3.5.1.1 The Exploration & Production Activities in Russia’s Far East Region have Picked Up Pace and are Driving the Russian Market
                        10.3.5.2 Norway
                                     10.3.5.2.1 Fast Depleting Oil & Gas Fields in Norwegian Continental Shelf (NCS) are Offering Opportunities for the Market
                        10.3.5.3 UK
                                     10.3.5.3.1 Redevelopments in Brownfields are Expected to Drive the UK Market
                        10.3.5.4 Denmark
                                     10.3.5.4.1 Offshore E&P Activities are Expected to Support the Market
                        10.3.5.5 Rest of Europe
     10.4 Asia Pacific
             10.4.1 By Service
             10.4.2 By Intervention Type
             10.4.3 By Well Type
             10.4.4 By Application
             10.4.5 By Country
                        10.4.5.1 China
                                     10.4.5.1.1 Deepwater Drilling Activities and Shale Exploration & Production are Likely to Drive the Chinese Market
                        10.4.5.2 India
                                     10.4.5.2.1 Redevelopment of Oilfields is Expected to Drive the Market During the Forecast Period
                        10.4.5.3 Australia
                                     10.4.5.3.1 Production Initiation From Shale Resources Along With Plans to Redevelop Mature Fields is Likely to Drive the Market
                        10.4.5.4 Indonesia
                                     10.4.5.4.1 Decline in Oil & Gas Production is Expected to Support the Eor Applications and Drive the Market
                        10.4.5.5 Malaysia
                                     10.4.5.5.1 Increasing Capital Expenditures in the Upstream Sector are Expected to Influence Opportunities for the Malaysian Market
                        10.4.5.6 Rest of Asia Pacific
     10.5 South & Central America
             10.5.1 By Service
             10.5.2 By Intervention Type
             10.5.3 By Well Type
             10.5.4 By Application
             10.5.5 By Country
                        10.5.5.1 Mexico
                                     10.5.5.1.1 Investments for Developing Shale Resources are Expected to Drive the Mexican Market
                        10.5.5.2 Brazil
                                     10.5.5.2.1 Offshore Developments are Expected to Drive the Brazilian Market
                        10.5.5.3 Venezuela
                                     10.5.5.3.1 Stabilizing Crude Oil Prices is Expected to Revitalize the Oil Production Activities, Thus Driving the Venezuelan Market
                        10.5.5.4 Argentina
                                     10.5.5.4.1 Development of Shale Reserves is Expected to Drive the Market
                        10.5.5.5 Rest of South & Central America
     10.6 Middle East
             10.6.1 By Service
             10.6.2 By Intervention Type
             10.6.3 By Well Type
             10.6.4 By Application
             10.6.5 By Country
                        10.6.5.1 Saudi Arabia
                                     10.6.5.1.1 Enhanced Crude Production From Onshore Fields and the Surge in Offshore Exploration are Expected to Drive the Market
                        10.6.5.2 UAE
                                     10.6.5.2.1 Demand for Well Intervention Services is Likely to Grow With A Fast Depleting Oil Production From Oilfields
                        10.6.5.3 Iraq
                                     10.6.5.3.1 Onshore Well Drilling Activities in Iraq have Created Opportunities for the Iraq Market
                        10.6.5.4 Iran
                                     10.6.5.4.1 Onshore Segment is Expected to Drive the Iranian Market
                        10.6.5.5 Qatar
                                     10.6.5.5.1 Huge Untapped Oil & Gas Reserves Offer Lucrative Opportunities for Well Drilling Activities and Thus Foster the Qatari Market Growth
                        10.6.5.6 Kuwait
                                     10.6.5.6.1 Upcoming Investments in the Oilfields are Likely to Boost the Market
                        10.6.5.7 Rest of Middle East
     10.7 Africa
             10.7.1 By Service
             10.7.2 By Intervention Type
             10.7.3 By Well Type
             10.7.4 By Application
             10.7.5 By Country
                        10.7.5.1 Nigeria
                                     10.7.5.1.1 Rising Exploration Activities and Developments in Mature Oil & Gas Fields are Expected to Support the Market During the Forecast Period
                        10.7.5.2 Algeria
                                     10.7.5.2.1 Upcoming Drilling Projects in Algeria and Rising Capital Expenditure in Upstream Operations are Likely to Boost the Market in the Country
                        10.7.5.3 Angola
                                     10.7.5.3.1 Deepwater Developments are Expected to Drive the Market
                        10.7.5.4 Rest of Africa

11 Competitive Landscape (Page No. - 124)
     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. - 132)
(Business Overview, Products Offerings, Recent Developments, MnM View)*
     12.1 Halliburton
     12.2 Schlumberger Limited
     12.3 Baker Hughes, A GE Company
     12.4 Weatherford
     12.5 C&J Energy Services
     12.6 Superior Energy Services
     12.7 Archer
     12.8 Expro Group
     12.9 Trican
     12.10 Welltec
     12.11 Altus Intervention
     12.12 Oilserv

*Details on Business Overview, Products Offerings, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 182)
     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 (88 Tables)

Table 1 Demand for Well Intervention Services: New Wells vs Old Wells
Table 2 Rig to New Well Drill Ratio
Table 3 Well Intervention Market Snapshot
Table 4 Top Countries With Significant Technically Recoverable Shale Resources
Table 5 Rig Count & Oil Production
Table 6 Global Market Size, By Service, 2017–2024 (USD Million)
Table 7 Logging & Bottomhole Survey: Market Size, By Region, 2017–2024 (USD Million)
Table 8 Tubing/Packer Failure & Repair: Market Size, By Region, 2017–2024 (USD Million)
Table 9 Stimulation: Market Size, By Region, 2017–2024 (USD Million)
Table 10 Remedial Cementing: Market Size, By Region, 2017–2024 (USD Million)
Table 11 Zonal Isolation: Market Size, By Region, 2017–2024 (USD Million)
Table 12 Sand Control: Market Size, By Region, 2017–2024 (USD Million)
Table 13 Artificial Lift: Market Size, By Region, 2017–2024 (USD Million)
Table 14 Re-Perforation: Market Size, By Region, 2017–2024 (USD Million)
Table 15 Fishing: Market Size, By Region, 2017–2024 (USD Million)
Table 16 Others: Market Size, By Region, 2017–2024 (USD Million)
Table 17 Global Market Size, By Intervention Type, 2017–2024 (USD Million)
Table 18 Light Intervention Market Size, By Region, 2017–2024 (USD Million)
Table 19 Medium Intervention Market Size, By Region, 2017–2024 (USD Million)
Table 20 Heavy Intervention Market Size, By Region, 2017–2024 (USD Million)
Table 21 Global Market Size, By Well Type, 2017–2024 (USD Million)
Table 22 Horizontal Well: Global Market Size, By Region, 2017–2024 (USD Million)
Table 23 Vertical Well: Market Size, By Region, 2017–2024 (USD Million)
Table 24 Global Market Size, By Application, 2017–2024 (USD Million)
Table 25 Onshore: Market Size, By Region, 2017–2024 (USD Million)
Table 26 Offshore: Market Size, By Region, 2017–2024 (USD Million)
Table 27 Offshore: Market Size, By Depth, 2017–2024 (USD Million)
Table 28 Global Market Size, By Region, 2017–2024 (USD Million)
Table 29 North America: Market Size, By Service, 2017–2024 (USD Million)
Table 30 North America: Market Size, By Intervention Type, 2017–2024 (USD Million)
Table 31 North America: Market Size, By Well Type, 2017–2024 (USD Million)
Table 32 North America: Market Size, By Application, 2017–2024 (USD Million)
Table 33 North America: Market Size, By Country, 2017–2024 (USD Million)
Table 34 US: Market Size, By Application, 2017–2024 (USD Million)
Table 35 Canada: Market Size, By Application, 2017–2024 (USD Million)
Table 36 Europe: Market Size, By Service, 2017–2024 (USD Million)
Table 37 Europe: Market Size, By Intervention Type, 2017–2024 (USD Million)
Table 38 Europe: Market Size, By Well Type, 2017–2024 (USD Million)
Table 39 Europe: Market Size, By Application, 2017–2024 (USD Million)
Table 40 Europe: Market Size, By Country, 2017–2024 (USD Million)
Table 41 Russia: Market Size, By Application, 2017–2024 (USD Million)
Table 42 Norway: Market Size, By Application, 2017–2024 (USD Million)
Table 43 UK: Market Size, By Application, 2017–2024 (USD Million)
Table 44 Denmark: Market Size, By Application, 2017–2024 (USD Million)
Table 45 Rest of Europe: Market Size, By Application, 2017–2024 (USD Million)
Table 46 Asia Pacific: Market Size, By Service, 2017–2024 (USD Million)
Table 47 Asia Pacific: Market Size, By Intervention Type, 2017–2024 (USD Million)
Table 48 Asia Pacific: Market Size, By Well Type, 2017–2024 (USD Million)
Table 49 Asia Pacific: Market Size, By Application, 2017–2024 (USD Million)
Table 50 Asia Pacific: Market Size, By Country, 2017–2024 (USD Million)
Table 51 China: Market Size, By Application, 2017–2024 (USD Million)
Table 52 India: Market Size, By Application, 2017–2024 (USD Million)
Table 53 Australia: Market Size, By Application, 2017–2024 (USD Million)
Table 54 Indonesia: Market Size, By Application, 2017–2024 (USD Million)
Table 55 Malaysia: Market Size, By Application, 2017–2024 (USD Million)
Table 56 Rest of Asia Pacific: Market Size, By Application, 2017–2024 (USD Million)
Table 57 South & Central America: Market Size, By Service, 2017–2024 (USD Million)
Table 58 South & Central America: Market Size, By Intervention Type, 2017–2024 (USD Million)
Table 59 South & Central America: Market Size, By Well Type, 2017–2024 (USD Million)
Table 60 South & Central America: Market Size, By Application, 2017–2024 (USD Million)
Table 61 South & Central America: Market Size, By Country, 2017–2024 (USD Million)
Table 62 Mexico: Market Size, By Application, 2017–2024 (USD Million)
Table 63 Brazil: Market Size, By Application, 2017–2024 (USD Million)
Table 64 Venezuela: Market Size, By Application, 2017–2024 (USD Million)
Table 65 Argentina: Market Size, By Application, 2017–2024 (USD Million)
Table 66 Rest of South & Central America: Market Size, By Application, 2017–2024 (USD Million)
Table 67 Middle East: Market Size, By Service, 2017–2024 (USD Million)
Table 68 Middle East: Market Size, By Intervention Type, 2017–2024 (USD Million)
Table 69 Middle East: Market Size, By Well Type, 2017–2024 (USD Million)
Table 70 Middle East: Market Size, By Application, 2017–2024 (USD Million)
Table 71 Middle East: Market Size, By Country, 2017–2024 (USD Million)
Table 72 Saudi Arabia: Market Size, By Application, 2017–2024 (USD Million)
Table 73 UAE: Market Size, By Application, 2017–2024 (USD Million)
Table 74 Iraq: Market Size, By Application, 2017–2024 (USD Million)
Table 75 Iran: Market Size, By Application, 2017–2024 (USD Million)
Table 76 Qatar: Market Size, By Application, 2017–2024 (USD Million)
Table 77 Kuwait: Market Size, By Application, 2017–2024 (USD Million)
Table 78 Rest of Middle East: Market Size, By Application, 2017–2024 (USD Million)
Table 79 Africa: Market Size, By Service, 2017–2024 (USD Million)
Table 80 Africa: Market Size, By Intervention Type, 2017–2024 (USD Million)
Table 81 Africa: Market Size, By Well Type, 2017–2024 (USD Million)
Table 82 Africa: Market Size, By Application, 2017–2024 (USD Million)
Table 83 Africa: Market Size, By Country, 2017–2024 (USD Million)
Table 84 Nigeria: Market Size, By Application, 2017–2024 (USD Million)
Table 85 Algeria: Market Size, By Application, 2017–2024 (USD Million)
Table 86 Angola: Market Size, By Application, 2017–2024 (USD Million)
Table 87 Rest of Africa: Market Size, By Application, 2017–2024 (USD Million)
Table 88 Developments of Key Players in the Market, January 2016–June 2019


List of Figures (54 Figures)

Figure 1 Newly Drilled Wells
Figure 2 Crude Oil Price vs Rig Count
Figure 3 Operational Well Count vs Crude Oil Production
Figure 4 Crude Oil Price Trend
Figure 5 Ranking of Key Players & Industry Concentration, 2018
Figure 6 Key Service Providers’ Point of View:
Figure 7 North America Dominated the Market in 2018
Figure 8 Stimulation Segment, By Service, is Expected to Grow at the Fastest CAGR During the Forecast Period
Figure 9 Medium Intervention Segment, By Intervention Type, is Expected to Grow at the Fastest CAGR, During the Forecast Period
Figure 10 Offshore Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 11 Shallow Water Segment, By Depth, Dominated the Offshore Market in 2018
Figure 12 Horizontal Segment is Expected to Lead the Market, By Well Type, During the Forecast Period
Figure 13 Contracts & Agreements is the Major Strategy Adopted By Players in the Market During the Forecast Period
Figure 14 Production Enhancement Efforts From Maturing Fields and Rising Capital Expenditures are Driving the Market, 2019–2024
Figure 15 North America is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 16 Horizontal Well Segment and the US Dominated the North American Market in 2018
Figure 17 Onshore Segment, By Application, Dominated the Market in 2018
Figure 18 Shallow Water Segment, By Depth, is Expected to Grow at the Fastest Rate for Offshore Market During the Forecast Period
Figure 19 Logging & Bottomhole Survey is Expected to Dominate the Market, By Service, During the Forecast Period
Figure 20 Light Intervention Segment Dominated the Market, By Intervention Type, in 2018
Figure 21 Horizontal Well Segment is Expected to Dominate the Market, By Well Type, During the Forecast Period
Figure 22 Global Market: Drivers, Restraints, Opportunities, and Challenges
Figure 23 Peak Loss of Oil From Mature Conventional Oilfields (2010–2017)
Figure 24 Global Oil & Gas Upstream Capital Spending (2014–2019)
Figure 25 World Oil Demand Growth (2018–2024)
Figure 26 Europe Oil Consumption Trend (2014–2040)
Figure 27 Well Intervention Supply Chain
Figure 28 Crude Price vs Drilling and Production Operations
Figure 29 Logging & Bottomhole Survey Segment Held the Largest Market Share in 2018
Figure 30 North America is Expected to Dominate the Logging & Bottomhole Intervention Services Market During the Forecast Period
Figure 31 Light Intervention Segment is Expected to Be the Largest Market, 2019–2024
Figure 32 North America Accounted for the Largest Share of the Heavy Intervention Market, 2018
Figure 33 Horizontal Well Segment is Expected to Lead the Market From 2019 to 2024
Figure 34 Onshore Application Segment is Expected to Lead the Market From 2019 to 2024
Figure 35 North America Dominated the Onshore Application Segment in 2018
Figure 36 Europe Dominated the Offshore Application Segment in 2018
Figure 37 Shallow Water Depth Segment is Expected to Be the Largest Offshore Market, 2019–2024
Figure 38 US is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 39 North America is Expected to Dominate the Market During the Forecast Period
Figure 40 Regional Snapshot: North America Led the Market in 2018
Figure 41 Regional Snapshot: European Market, 2018
Figure 42 Key Developments in the Market, January 2016–June 2019
Figure 43 Competitive Leadership Mapping, 2018
Figure 44 Product & Service Offerings
Figure 45 Ranking of Key Players & Industry Concentration, 2018
Figure 46 Halliburton: Company Snapshot
Figure 47 Schlumberger: Company Snapshot
Figure 48 Baker Hughes, A GE Company: Company Snapshot
Figure 49 Weatherford: Company Snapshot
Figure 50 C&J Energy Services: Company Snapshot
Figure 51 Superior Energy Services: Company Snapshot
Figure 52 Archer: Company Snapshot
Figure 53 Expro Group: Company Snapshot
Figure 54 Trican: Company Snapshot

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

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 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 are given below:

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 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.

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, and forecast the global market based on service, intervention type, application, well type, and region
  • To provide detailed information on the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges
  • To strategically analyze the micro-markets with respect to individual growth trends, prospects, and contribution to the total market
  • To analyze major tools and equipment used for well intervention services
  • To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
  • To forecast the market size of segments with respect to major regions, namely, North America, South & Central America, the Middle East, Europe, Asia Pacific, and Africa
  • To strategically profile key players and comprehensively analyze their respective market share and core competencies
  • To track and analyze developments in the market, such as new product launches, expansions, mergers & acquisitions, and contracts & agreements

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)

Report Code
EP 3333
Published ON
Jul, 2019
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