Well Intervention Market

Market Leaders - Well Intervention Market

The well intervention market is expected to grow from an estimated USD 7.1 billion in 2020 to USD 8.8 billion by 2025, at a post COVID-19 CAGR of 4.5% during the forecast period. With the growing demand for primary energy and the rapid rate of maturing of oil & gas fields, there are high growth prospects for well intervention market during the forecast period.

A few major players that have a wide regional presence dominate the well intervention market. The leading players in the well intervention market include Halliburton (US), Schlumberger (US), Baker Hughes Company (US), Weatherford (Switzerland), and NOV (US).

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

The major strategies adopted by these players include contracts & agreements ,new product launches, investments & expansions, mergers & acquisitions, joint ventures, and partnerships & collaborations. Contracts & agreements and new product launches were the two most commonly adopted strategy from 2016 to May 2020.

Halliburton (US) established in 1919, is one of the leading service providers and product suppliers in the upstream sector of the oil & gas industry. The company provides 14 Product Service Lines (PSLs) under two main divisions, namely, drilling and evaluation, and completion and production. It provides consulting and project management study services for both divisions. It offers an artificial lift, cementing, completion tools, multi-chem, production enhancements, and solutions under the completion and production division, while wireline and perforating services are provided under the drilling and evaluation division. The company has operations in more than 80 countries globally, which it groups as North America, South America, Europe/Africa/the Commonwealth of Independent States (CIS), and the Middle East/Asia. The company has manufacturing facilities in the US, China, Singapore, Canada, Malaysia, and the UK. The company has a strong focus on contracts & agreements and  new product launches. For instance, in February 2020, Halliburton and SOCAR-AQS entered into an agreement to provide Broad Suite of Oilfield Products and Services in Azerbaijan.

Schlumberger (US), founded in 1926, is one of the leading providers of products, services, technology, information solutions, and integrated project management solutions for the global oil & gas exploration and production industry. Schlumberger offers products, services, technology, information solutions, and integrated project management solutions to the worldwide oil & gas exploration & production industry. The company’s primary business activities include research & engineering, manufacturing, operations, maintenance, and resource planning. The company manages its business through four segments, namely, reservoir characterization, drilling, production, and Cameron. It offers wireline and testing services under the reservoir characterization segment. It provides well services for intervention, artificial lift, and completion equipment and services under the production segment. It also provides tools and equipment on a rental basis. The company has a strong focus on new product launches. For instance, in September 2019, Schlumberger launched Ora intelligent wireline formation testing platform. The platform leverages a new architecture and metrology for enhanced performance, enabling dynamic reservoir characterization. The digitally-enabled hardware can automate complex workflows, reduce operating time by more than 50%, and deliver the highest precision fluid analysis and zero contamination samples.

Related Reports:

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 2025

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
EP 3333
RI Published ON
7/10/2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Well Intervention Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2020 MarketsandMarkets Research Private Ltd. All rights reserved