openPR Logo
Press release

Well Intervention Market Global Status and Business Outlook 2018 to 2026 | Key Players: Schlumberger Limited, Baker Hughes Incorporate, Weatherford International Ltd., Trican Well Service Ltd., Superior Energy Services Inc., Among Others.

Well Intervention

Well Intervention

Well intervention refers to any operation that is carried out during the productive life of an oil and gas well. Depletion in oil reserves backed by increasing demand for energy is leading to improved production activities to extend the life of the well.

Companies are focusing on developing new technologies to facilitate well intervention operations. For instance, in 2017, C6 Technologies, an oilfield technology company, launched ComTrac system, which can be operated onshore as well as offshore, consisting of injector unit, control unit, internal electrical conductors, and a head that provides well pressure control.  

Increasing energy demand, increase in production activities of oil and gas wells and establishment of new oil and gas wells are giving rise to well intervention activities in the existing and new wells, thereby, driving this market, globally.

Global Well Intervention Market Taxonomy:

Global Well Intervention market is segmented on the basis of service, application, and category:
By Service:
Wellhead and Christmas Tree Maintenance
Logging and Bottomhole Survey
Coiled Tubing
Tubing/packer failure and repair
Well Control
Remedial Cementation
Zonal Isolation
Recompletion
Fishing services
Sand Control Services
Stimulation
Artificial Lift
Reperforation
Others
By Application:
Onshore
Offshore
By Category:
Light Intervention
Heavy Intervention

Download PDF Brochure of this Report @ https://www.coherentmarketinsights.com/insight/request-pdf/1296

Owing to the E&P feasibility, onshore segment dominated the well intervention market in 2016 as large companies majorly focused on onshore production activities. However, technological advancement has allowed major players to explore untapped reserves in the offshore regions over the past few decades. 

Light intervention segment held the largest market share in the global well intervention market in 2016. Light intervention are done using slickline, wireline and coiled tubing unit allowing the operator to gather downhole data or to adjust or change any downhole equipment. These operations provide increased oil recovery and safety and hence, proves to be largest segment in the global well intervention market.

Global Well Intervention Market Outlook:

North America held the largest market share in well intervention market in 2016. Increasing onshore exploration and production activities with shale gas boom has drastically driven growth of the well intervention market in this region. Moreover, increasing offshore oil and gas production activities in Gulf of Mexico and the presence of major players in the U.S. such as Halliburton Co., Baker Hughes Incorporated, Basic Energy Services, Inc., Schlumberger Limited and others, has further driven the well intervention market in North America.

Asia Pacific accounted to have a prominent growth in this market, owing to the increasing exploration and production activities backed by increasing energy demand from emerging economies such as China, India, and Indonesia in this region. For instance, in 2013, Petronas, planned to spend more on E&P activities in Malaysia’s oil and gas sector.
Middle East and Africa are witnessed to have a fast growth rate in well intervention market over the forecast period. Rise in oil production in Nigeria, Angola, Algeria, and Egypt has immensely contributed to the growth of well intervention market in Africa.

In 2018, TechnipFmc signed an agreement to acquire 51% stake in Island Offshore Subsea AS. The two companies have planned to deliver Riserless Light Well Intervention (RLWI) services across the globe.
Key players in Global Well Intervention Market -
The major players in well intervention market are Schlumberger Limited, Baker Hughes Incorporate, Weatherford International Ltd., Trican Well Service Ltd., Superior Energy Services Inc., Halliburton Company, National Oilwell Varco Inc., and Precision Drilling Corporation.

Request for Customization of this Report @ https://www.coherentmarketinsights.com/insight/request-customization/1296

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Well Intervention Market Global Status and Business Outlook 2018 to 2026 | Key Players: Schlumberger Limited, Baker Hughes Incorporate, Weatherford International Ltd., Trican Well Service Ltd., Superior Energy Services Inc., Among Others. here

News-ID: 1807351 • Views: 340

More Releases from Coherent Market Insights (CMI)

Patient Centric Healthcare App Market Overview 2019: Patient Centric Connected C …
Coherent Market Insights has recently announced the addition of a new research report to its repository named, Global Patient Centric Healthcare App Market Status and Forecast 2019–2026, covering top-line subjective and quantitative synopsis data. The market review provides an eccentric tool for analyzing the market in terms of strengths, and weakness, marking opportunities, and supporting strategic and proficient decision-making. The key drivers and restraints affecting the growth of the Patient
Regenerative Artificial Skin Market 2019: Summary, Growth, Trends and Precise Ou …
Coherent Market Insights has recently announced the addition of a new research report to its repository named, Global Regenerative Artificial Skin Market Status and Forecast 2019–2026, covering top-line subjective and quantitative synopsis data. The market review provides an eccentric tool for analyzing the market in terms of strengths, and weakness, marking opportunities, and supporting strategic and proficient decision-making. The key drivers and restraints affecting the growth of the Regenerative Artificial
Digital Medicines Market by Top Manufacturers i2Morrow Inc., Ginger.io Inc., Aki …
Coherent Market Insights has recently announced the addition of a new research report to its repository named, Global Digital Medicines Market Status and Forecast 2019–2026, covering top-line subjective and quantitative synopsis data. The market review provides an eccentric tool for analyzing the market in terms of strengths, and weakness, marking opportunities, and supporting strategic and proficient decision-making. The key drivers and restraints affecting the growth of the Digital Medicines are
Elderly Nutrition Market – Novel Approach for Elder Patients | Allergan, Otsuk …
Elderly nutrition plays a major role in advance healthcare in geriatric segment, as it support healthy aging and prevents malnutrition and vitamin deficiencies. Elderly nutrition products consist of vitamin, protein, minerals, lipids, fibers, and other essential substance, which regulates the body functions and improves immunity. Global Elderly Nutrition Market Report that covers exclusive and analytical data through the span of seven years between 2019 -2026. This report is exclusive

All 5 Releases


More Releases for Intervention

Global Healthcare RCM Outsourcing Market Share, Trends and Forecast 2025: Pre-in …
Recent research and the current scenario as well as future market potential of "Global Healthcare RCM Outsourcing Market Size,Status and Forecast 2025" globally. This report studies the global Healthcare RCM Outsourcing market, analyzes and researches the Healthcare RCM Outsourcing development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like Conifer Health Solutions nThrive (Medassets +Precyse) Optum360 Change Healthcare (Emdeon) McKesson RelayHealth Parallon
Well Intervention Market - Opportunities and Forecasts, 2017-2023
Well intervention helps in entering a well safely with well control technologies. These technologies are mainly used for performing various activities other than drilling. Well intervention tasks are carried on oil & gas well, with the aim to increase the production span. Besides this, well intervention technology optimizes the performance and offers an access to additional hydrocarbon reserves. Oil & gas well needs intervention owing to different reasons including excess
Well Intervention Market-entry and expansion strategies
MarketResearchReports.Biz adds “Global Well Intervention Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Well Intervention and the growth estimates for the forecasted period. The main objective of this report is to aid the user in understanding the market as a whole, its definitions, segmentation, market potential, influential trends, and the barriers that it is facing. Meticulous research and
Well Intervention Market Triggered over 2025
Global Well Intervention Market: Overview Well intervention refers to assessing the potential of the well towards the end of its lifecycle. Well intervention operations provide an exact and an accurate analysis and diagnostics of the well to better the production levels through repairs and maintenance. The global well intervention market has been growing at a rapid pace due to the skyrocketing demand for energy. The unstoppable pace of urbanization and industrialization
An Introduction to Peripheral Intervention Market
Peripheral intervention surgeries are part of the minimal invasive surgeries done to remove plaques, etc, thereby addressing the root cause of peripheral artery disease. Peripheral intervention surgeries restore the flow of blood to the other part of the arteries where the blood clot prevented the flow of oxygenated blood. These procedures require the use of a catheter, (which is a thin microfiber made of metal composites and polymers), these catheters
Well Intervention Market Growth Analysis towards 2025
Well intervention is the well management process employed in gas or oil wells for maintenance, repair, or replacement of parts in wells. Well intervention operations may be employed during or at the end of the productive life of a well to achieve performance improvement or obtain access to stranded or additional hydrocarbon reserves. Well intervention processes help enhance the quality of the subsea well, provide data to help manage the