The CMFE practice at MarketsandMarkets is pleased to announce its Analyst Briefing Presentation on the “Well Intervention Market, By Service Types (Logging & Bottom Hole Survey, Tubing/Packer Failure & Repair, Stimulation, Artificial Lift, Others), Application Areas (Onshore & Offshore), and Geography – Global Trends & Forecast To 2018”. The briefing will cover an overview of drivers and opportunities present in the market. It will also cover the factors limiting the growth of global well intervention market.
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This market research report categorizes the well intervention into submarkets on the basis of services types and application areas. The report covers all the major services types of well intervention, i.e. logging & bottom hole surveys, tubing/packer failure & repair, stimulation jobs, remedial cementing, zonal isolations operations, sand control services, artificial lift services, fishing, re-perforation, and others. The continuous depletion of existing oil reserves are forcing oilfield E&P companies to operate in offshore environments making it a huge potential market for well intervention services. Pressure of growing energy demand is another factor to draw well intervention services in focus. According to BP statistical report, the world’s energy demand increased by 2.5% in 2011. To satisfy this increasing demand of oil and gas, oil companies are seeking to unlock the full potential of wells. Hence, new advanced well-intervention equipment and technologies are vital.
The report “Well Intervention Market, By Service Types (Logging & Bottom Hole Survey, Tubing/Packer Failure & Repair, Stimulation, Artificial Lift, Others), Application Areas (Onshore & Offshore), and Geography – Global Trends & Forecast To 2018” defines and segments the global well intervention market with analysis and forecasting of the global revenue ($million) for different types of services. The market is segmented and forecasted on the basis of major regions such as North America, South & Central America, Europe, Asia-Pacific, Middle East, and Africa. The key countries of each geographical region are covered and forecasted for onshore well intervention services. Further market is segmented and forecasted on the basis of application areas, i.e. onshore and offshore.
The well intervention market has been covered in depth in this report; this includes both its current and forecasted revenues by end use. All the services types of well intervention such as logging & bottom hole surveys, tubing/packer failure & repair, stimulation jobs, remedial cementing, zonal isolations operations, sand control services, artificial lift services, fishing, re-perforation, and others have been analyzed in this report. The report includes a detailed analysis of the market trends and forecasts; competitive landscape; company profiles etc. Major geographies which have seen some traction for well intervention services have been covered in this report.
As of year 2012, North America leads global well intervention services market as end user with 31% share followed by Europe (25.5%) and South & Central America (19.3%). Africa is the fastest growing market for the well intervention services market. The growth of well intervention services in the African market is expected to be fueled by heavy investment in offshore oil and gas fields for exploration and production activities.
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