Press release
Africa Well Intervention Services Market 2016: Logging & Bottom Hole Survey, Tubing/Packer Failure & Repair, Stimulation, Artificial Lift
Well intervention involves various operations performed to improve performance and extend lifespan gas or oil well. Operations performed in Well Intervention Services are deployment perforating guns, blowout recovery operations, and milling inside tubing. Furthermore, it provides quick access to subsea wells, restore deteriorating reservoir conditions, and pump chemicals at the bottom of a well. Well intervention plays a vital role in elimination of well blockages, running production strings, and replacement of parts is carried out to improve performance of the well.Demand for natural gas, crude oil & gas reserves and reinforcing existing reserves are propelling the growth of the market. However, high environmental risks and strict government regulations are factors obstructing the growth of the market. Increasing investment in shale gas create opportunities in the market.
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The African well intervention services market is segmented based on service type, applications, and countries. Service types covered in the report include logging & bottom hole survey, tubing/packer failure & repair, stimulation, artificial lift, and others. The market is further classified based on applications into onshore and offshore. Geographically, the market is classified based on countries into Nigeria, Algeria, Angola and others.
The prominent companies operating in the market are Weatherford International PLC, Schlumberger Ltd., Expro International Group Holdings Ltd., Baker Hughes Inc., Halliburton Co., Archer Limited, FMC Technologies, Nabors Industries Limited, and Aker Solutions ASA. They have adopted strategies, such as agreements, partnerships, joint ventures, collaborations, and others to gain stronghold of the market.
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