openPR Logo
Press release

Impact of COVID-19 on Well Intervention Market : Implications on Business

08-06-2020 11:47 AM CET | Energy & Environment

Press release from: TMR

Well Intervention Market

Well Intervention Market

The global well intervention market was valued at nearly US$ 6 Bn in 2017 and is anticipated to expand at a CAGR of more than 6% from 2018 to 2026, according to a new report titled ‘Well Intervention Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 –2026’ by Transparency Market Research (TMR) . Rapid depletion of oil reserves is influencing the outlook of the global oil and gas industry. Hence, efforts are being undertaken to explore new oilfield reserves, particularly in North Sea, South China Sea, Gulf of Mexico, and the Persian Gulf, in order to cater to this ever increasing demand. This, in turn, is anticipated to offer substantial expansion opportunities to the well intervention market in the near future.

Request PDF Brochure :
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=28412

Rise in Investments in Offshore Oil & Gas to Boost Demand and Weakening Prices of Crude Oil to Impact Market Expansion

Excess depletion of onshore oil and gas assets has shifted the investments from onshore to offshore oil and gas assets. Rise in demand for energy and increasing expenditure in the shallow, deep, and ultra-deep water oil & gas assets are expected to propel demand for well intervention services. Several key players in the oil and gas industry are investing heavily in offshore assets. Thus, a move from onshore to deep-water offshore drilling is expected to gain momentum, led by major international oil and exploration & production companies that stand to uncover large discoveries and are willing to pour substantial dollars into exploration efforts. More than 70% of new discoveries have been found in offshore areas.

REQUEST FOR COVID19 IMPACT ANALYSIS :
https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=28412

Coiled tubing services consist of reliable and efficient well intervention for vertical, horizontal, highly deviated, and live wells. Coiled tubing is designed to improve well and reservoir performance. Its applications include wellbore cleanout, matrix and fracture stimulation, logging, nitrogen kickoff, perforation, sand control, drilling, well circulation, mechanical isolation, and cementing. Coiled tubing and slickline are widely used during well intervention. Coiled tubing is an important type of service, as it can be used for vertical, horizontal, highly deviated, and live wells.

Explore Transparency Market Research’s award-winning coverage of the global (Food & Beverages) Industry:
https://www.prnewswire.com/news-releases/bioplastic-textiles-market-to-reach-valuation-of-us-1-2-bn-by-2027-popularity-of-green-and-biodegradable-materials-to-drive-demand-within-the-global-market-finds-tmr-301027371.html 

The global well intervention market is a highly competitive. Leading players dominate the market. It is highly fragmented with a large number of local and international players competing in the market. Leading players dominate the market. Key players operating in the well intervention market are Schlumberger Limited, HELIX ESG, GE, Halliburton, Oceaneering International, Inc., Expro Group, Hunting Energy Services, National Oilwell Varco, Deepwell AS, and Weatherford International Plc.

Well Intervention Market, by Type

Light Well
Heavy Well
Medium Well

Well Intervention Market, by Services

Coiled Tubing
Slickline
Wireline Cased Well Intervention
Thru Tubing Intervention
Fishing Services
Sidetracking
Subsea Landing String Services
Others

Well Intervention Market, by Application

Onshore
Offshore

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

About Us:

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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 Impact of COVID-19 on Well Intervention Market : Implications on Business here

News-ID: 2105315 • Views: 211

More Releases from TMR

08-06-2020 | Energy & Environment
TMR
Impact of COVID-19 on Power Generator Rental Market : Implications on Business
In a new study, Transparency Market Research (TMR) discusses in detail the various factors influencing the global power generation rental market. It covers the leading market players and highlights competitive trends prevailing over the years. As per TMR, the presence of several regional and local players has rendered the market highly fragmented. The global power generation rental market also exhibits the presence of a few global players. Aggreko PLC, APR
08-06-2020 | Energy & Environment
TMR
Impact of COVID-19 on Well Testing Services Market : Implications on Business
The global well testing services market was valued at approximately US$ 6 Bn in 2017 and is anticipated to expand at a CAGR of more than 6% from 2018 to 2026, according to a new report titled ‘Well Testing Services Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026’ by Transparency Market Research (TMR). Rising expenditure on offshore E&P activities is expected to propel the demand for
08-05-2020 | Energy & Environment
TMR
Latest TMR Report Explores Impact of COVID-19 Outbreak on Intelligent Pumps Mark …
With a massive pool of small, medium, and large participants, the global intelligent pumps market demonstrates a highly fragmented business landscape. The market comprises of both, international and local players in large numbers, which intensify the competition within it. To sustain this competition, leading players are resorting to strategic alliances with smaller players. Goulds Pumps, Grundfos Holding A/S, QuantumFlo Inc., Alfa Laval, and Kirloskar Brothers Ltd. are some of the key participants
08-05-2020 | Energy & Environment
TMR
Latest TMR Report Explores Impact of COVID-19 Outbreak on Smart Mining Market
Transparency Market Research states that key players operating in the global smart mining market are likely to make significant investments in research and development. Market players are expected to focus on development and launch of new products, profitable partnerships, and consistent efforts toward expanding their product portfolio. Some of the leading companies in the global market are ABB Ltd., Atlas Copco, Caterpillar Inc., Hitachi Construction Machinery Co., Ltd., Joy Global Inc., and

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