Survey Report : Well Intervention Market 2018-2026 | HELIX ESG, GE, Halliburton, Oceaneering International, Inc., Expro Group

Press Release – 10 Aug 2018

Research and Development News --

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Latest Update "Well Intervention Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecas 2018-2026" with Industries Survey | Global Current Growth and Future.

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- Well Intervention Market – Overview

A well intervention or well work is any operation carried out on an oil or gas well during or at the end of its productive life. The intervention alters the state of the well or well geometry, provides well diagnostics, and manages the production of the well. It enables safe entry into a well with well control in order to carry out numerous tasks other than drilling. The history of well intervention dates back to the 1800s, when the technology was first developed to afford re-entry into wells as an alternative to drilling well control systems and rigs for delivery of non-drilling services.

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Demand for well intervention services in offshore areas has been increasing due to rise in demand for crude oil and fuel, increase in preventive steps taken for aging wells, rise in the number of drill rigs, and decrease in productivity of various gas and oil wells.

Globally, more than 1,800 onshore rigs were estimated to exist in 2017. However, the number of offshore rigs was about 500 in 2017. Demand for well intervention services in offshore oil & gas wells is expected to rise at a higher pace during the forecast period as compared to that in onshore oil & gas wells. This is attributed to new discoveries in offshore area and rise in investments in exploration and production activities in the offshore oil & gas industry.

The report comprises profiles of major companies operating in the global well intervention market. Key players operating in the well intervention market include Schlumberger Limited, HELIX ESG, GE, Halliburton, Oceaneering International, Inc., Expro Group, Hunting Energy Services, National Oilwell Varco, Deepwell AS, and Weatherford International Plc. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.

The global well intervention market has been segmented as follows:

- 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

- Well Intervention Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • Netherlands
  • Norway

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- Key Takeaways

• In terms of services, the coiled tubing segment constitutes a major share of the well intervention market
• Light well type well intervention is widely used as compared to other types. Light well intervention accounts for approximately 49% share of the market.
• Market share of the onshore well intervention systems segment is estimated to decline in the next few years due to  a strong focus on offshore oil & gas assets
• North America holds a significant share of the market. This trend is projected to continue during the forecast period.

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