Well intervention space requires well monitoring during or post production, essentially encompassing well diagnostics and prognosticating well health. One of the key drivers in the face of reduced E&P expenditure is in the area ....see more
The well intervention market is expected to grow from USD 7.6 billion in 2021 to USD 9.3 billion by 2026, at a compound annual growth rate (CAGR) of 4.2% during the forecast period. 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).
The Sand Control Solutions Market is expected to grow from USD 2.1 billion in 2020 to USD 3.2 billion by 2025, at a CAGR of 8.9% during the forecast period. Some of the key players are Schlumberger (US), Halliburton (US), Baker Hughes Company (US), Weatherford (Switzerland), and Superior Energy Services (US). The leading players are adopting various strategies to increase their share in the sand control solutions market.
The North America Well Intervention Market is expected to grow from USD 3.0 billion in 2019 to USD 4.2 billion by 2024, at a CAGR of 6.5% during the forecast period. Some of the key players are Schlumberger (US), Halliburton (US), C&J Energy Services (US), Weatherford (US), BHGE (US), and Superior Energy Services (US). The leading players are adopting various strategies to increase their share in the North America well intervention market. New product & technology launches have been a widely adopted strategy by the major players in North America well intervention market.
The global seismic survey market was USD 7.24 Billion in 2016 and is estimated to grow at a CAGR of 4.24%, from 2017 to 2022. The use of seismic technology in brownfields projects and shale gas exploration is expected to drive the market for seismic surveys. To provide an in-depth understanding of the competitive landscape, the report includes the profiles of companies such as Compagnie Generale de Geophysique (CGG) (France), Petroleum Geo-Services (PGS) (Norway), Fugro N.V. (Netherlands), Polarcus Limited (U.A.E.), Tomlinson Geophysical Services (TGS)-Norwegian Petroleum Exploration Consultants (NOPEC) Geophysical Company (Norway), SeaBird Exploration, PLC (Cyprus), Ion Geophysical Corporation (U.S.), Schlumberger Limited-WesternGeco (U.S.), Pulse Seismic, Inc. (Canada), and Global Geophysical Services, Inc. (U.S.).
The global well completion equipment and services market is expected to grow from an estimated USD 8.98 Billion in 2016 to USD 11.09 Billion by 2021, at a CAGR of 4.31% from 2016 to 2021. Factors such as refracking of mature oil & gas wells and resuming shale operations are driving the market worldwide.
The shale gas boom coupled with growing demand of energy with increasing drilling activities in offshore and unconventional exploration and production activities is expected to drive the North America completion equipment and services market. It is estimated to reach $5.27 billion by 2019, at CAGR of 2.5% from 2014 to 2019. Latest and highly advanced technology is required in the U.S. Gulf of Mexico and Canada. High growth in deepwater and ultra deepwater explorations in these regions is expected to push the demand for completion equipment and services market in North America.