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What 's driving the growth of Well Intervention Market? Weltec, GE, Altus, Archer, Oceaneering, Haliburton, Helix, Exxon, Hunting Energy, Weatherford, Expro, Calfrac, Basic Energy, Tenaris, Omega, Cudd Energy, Trican

04-02-2020 07:43 PM CET | Health & Medicine

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What 's driving the growth of Well Intervention Market? Weltec,

Market Study Report LLC adds new research on Well Intervention market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Well Intervention market also includes an in-depth study of the industry's competitive scenario.

Key industry players operating across the well intervention market includes Altus, Archer, Oceaneering, Haliburton, Helix, Exxon, Hunting Energy, Weatherford, Expro, Calfrac, Basic Energy, Tenaris, Omega, Cudd Energy, Weltec, GE, Trican, National OilWell Varaco, Technipfmc, DeepWell and Superior Energy.

High well intervention market is set to witness a gain of over 7% by 2024. Upsurge in investments toward E & P activities across the subsea areas will complement the industry growth. The high intervention technology is primarily used to replace parts including valves, pumps and tubing from the wells and to abandon the wells that are not viable for production.

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Well Intervention Market is predicted to reach over USD 18 billion by 2024. Growing concerns toward depletion of existing reserves along with increasing number of matured oil fields will propel the well intervention market. Escalating urban population across the emerging economies coupled with upsurge in demand for refined petroleum products will stimulate the industry growth. Rapid technological advancement across the complete spectrum of oil & gas services will further accelerate the technology adoption.

Increasing investments by NOC?s toward shale basins along with across the Middle East, the U.S. and China will boost the remedial cementing segment. The service is primarily used to rectify issues related to cementing and caused during production activities. In addition, the service also involves the usage of cement plugs & squeeze cementing that prevents the mixing of cement with other fluids.

Expansion of subsea production platforms along with favorable regulatory policies toward development of deep & ultra-deep drilling activities will drive the offshore well intervention market. In addition, the large volume of available reserves across the subsea areas in Persian Gulf and NSC area will complement the business growth.

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Increasing number of marginal wells coupled with rising demand for oil will drive the artificial lift system market. Ease of drilling across offshore areas, reliability and limited risk exposure are some of the prominent features which will boost the technology adoption. In addition, the rising focus pertaining to the development of unconventional wells along with favorable government policies to enhance crude oil production will propel the well intervention market share.

Increasing exploration and production activities across the offshore areas including Norwegian Continental Shelf (NSC) will drive the Norway well intervention market. Favorable regulatory policies pertaining to offshore production along with government focus toward development of aging fields will propel the industry growth.

Table of Content:

Chapter 1. Methodology and Scope

1.1. Methodology

1.2. Market definitions

1.3. Market estimates & forecast parameters

1.4. Data Sources

1.4.1. Primary

1.4.2. Secondary Paid sources Public sources

Chapter 2. Executive Summary

2.1. Well intervention industry 360 degree synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Service trends

2.1.3. Intervention trends

2.1.4. Application trends

2.1.5. Regional trends

Chapter 3. Well Intervention Market Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1. Vendor Matrix

3.4. Innovation & sustainability

3.4.1. Schlumberger

3.4.2. Halliburton

3.4.3. Baker Hughes

3.4.4. Weatherford

3.4.5. Altus Intervention

3.5. Regulatory landscape

3.5.1. U.S. Pennsylvania

3.5.2. Canada

3.5.3. Europe European Committee for standardization European Chemicals Agency Norway

3.5.4. Middle East Oman Iran UAE Qatar

3.5.5. Australia

3.5.6. China

3.6. Customer requirement

3.7. Customer group requirement

3.8. Entry barriers

3.9. Oil & Gas investments trends & outlook

3.10. Global exploration & production trends

3.11. Global consumption trends, by product

3.11.1. Oil

3.11.2. Gas

3.12. Global oil & gas consumption trends, by region

3.12.1. North America

3.12.2. South & Central America

3.12.3. Europe

3.12.4. CIS

3.12.5. Middle East

3.12.6. Africa

3.12.7. Asia Pacific

3.13. Industry impact forces

3.13.1. Growth drivers Growing penetration of matured fields Increasing offshore production Rising government focus toward development of aging fields

3.13.2. Industry pitfalls & challenges Geopolitical uncertainty Volatile crude oil prices

3.14. Growth potential analysis

3.15. Porter's analysis

3.16. Competitive landscape, 2017

3.16.1. Company market share

3.16.2. Strategy dashboard Schlumberger Halliburton GE Weatherford TechnipFMC

3.17. PESTEL analysis

Chapter 4. Well Intervention Market, By Service

4.1. Well intervention market share by service, 2017 & 2024

4.2. Logging & bottom hole survey

4.2.1. Market estimates and forecast, 2013-2024

4.3. Tubing/Power Failure & Repair

4.3.1. Market estimates and forecast, 2013-2024

4.4. Stimulation

4.4.1. Market estimates and forecast, 2013-2024

4.5. Remedial cementing

4.5.1. Market estimates and forecast, 2013-2024

4.6. Zonal Isolation

4.6.1. Market estimates and forecast, 2013-2024

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