DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Well Intervention Market Analysis By Service (Logging & Bottom Hole Survey, Stimulation, Remedial Cementing, Zonal Isolation, Sand Control Services, Artificial Lift, Fishing), By Application, And Segment Forecasts, 2014 - 2025" report to their offering.
The global well intervention market is expected to reach USD 17.76 billion by 2025.
Development of new oilfields has been a major factor driving market growth. Employment of well intervention services has increased owing to the growing need for energy.
Well intervention services have various uses in drilling operations, including monitoring pressure & temperature at the reservoir. It is also utilized for transporting fluids and gasses to and from the reservoir, stimulating the well and making it ready for production by increasing the flow of hydrocarbons, and isolating desired sections by means of annular seals.
Well intervention services are utilized extensively for E&P activities and well cleanup purposes. Monitoring of various activities in the well reservoir, and the ongoing operations, including perforations, radioactivity, temperature, cementing, noise, plug and packer settings, have become of utmost importance; owing to the high amount of risk. On account of this scenario, logging and bottom hole survey was the largest service category in 2016 and is projected to show a steady growth over the next eight years. The logging and bottom hole survey segment had a market share of 22.1% in 2016.
Offshore is expected to be the fastest-growing segment in the application category over the forecast period with an estimated CAGR of 5.1% from 2016 to 2025. A lot of logistics are required for offshore exploration & production activities. The equipment utilized for offshore drilling operations is also expensive as it has to withstand the pressure & temperature of the water bodies as well as the drilling activity. This factor is anticipated to positively drive the offshore segment growth over the forecast period of 2017 to 2025.
Key players of the industry include Baker Hughes, Archer Limited, Halliburton, Weatherford International, and Schlumberger.
Key Topics Covered:
1 Methodology and Scope
2 Executive Summary
3 Well Intervention Market Variables, Trends & Scope
4 Well Intervention Market: Service Estimates & Trend Analysis
5 Well Intervention Market: Application Estimates & Trend Analysis
6 Well Intervention Market: Regional Estimates & Trend Analysis
7 Competitive Landscape
8 Company Profiles
- Schlumberger Limited
- Baker Hughes
- Weatherford International Inc.
- Archer Limited
- Calfrac Well Services Ltd.
- Cudd Energy Services
- Superior Energy Services Inc.
- Trican Well Service Ltd.
- C&J Energy Services, Inc.
For more information about this report visit https://www.researchandmarkets.com/research/h3xghj/well_intervention