Press Release

Well Intervention Market Size, Global Trend and Industry Analysis By Applications and Leading Companies, Forecast By 2026

Top Players in Well Intervention Market are Schlumberger, Baker Hughes, a GE company, Halliburton, Helix Energy Solutions Group, C&J Energy Services, Expro, TechnipFMC, Superior Energy Services, Welltec, DeepWell AS

The Global Well Intervention Market will gain significantly from the increasing demand for oil and gas from offshore areas. Fortune Business Insights has recently announced publishing of a report, titled “Well Intervention Market Size, Share and Global Trend by Type (Light Intervention, Medium Intervention, Heavy Intervention), Service (Logging & Bottom Hole Survey, Tubing/Packer Failure & Repair, Stimulation, Remedial Cementing, Zonal Isolation, Sand Control, Artificial Lift, Fishing, RE-Perforation), Application (Onshore, Offshore) and Geography Forecast till 2025.” As per the report in 2018, the global well intervention market was worth US$ 8+ Bn. The global well intervention market is expected to progress at a CAGR of 5.23% and reach US$ 12.5 Bn by the end of 2026.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/well-intervention-market-100070

In terms of type, light intervention held the highest share in the global well intervention market. Light intervention accounted for 58.8% of the global market in 2018. The popularity of light intervention is high among end users due to its less operational cost compared to heavy and medium intervention. However, the demand for heavy and medium intervention is likely to increase during the forecast period in response to the increasing well intervention activities.

To cater the constantly increasing demand for oil and gas, key market players are trying to increase the productivity of existing wells. This is likely to increase the growth rate in the global well intervention market.

Key Companies

  • Schlumberger
  • Baker Hughes, a GE company
  • Halliburton
  • Helix Energy Solutions Group
  • C&J Energy Services
  • Expro
  • TechnipFMC
  • Superior Energy Services
  • Welltec
  • DeepWell AS

Key Industry Developments

In July 2019, TIOS has won a contract to provide wireline service across three light well intervention vessels.

In July 2019, Tatweer Petroleum has awarded multiple well intervention contract to National Energy Services Reunited Corporation in the kingdom of Bahrain.

In June 2019, C-Innovation, LLC and its family of companies has been awarded a contract to perform riserless light well intervention in Gulf of Mexico.

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Key Segmental Overview:

1. By Type

  • Light Intervention
  • Medium Intervention
  • Heavy Intervention

2. By Service

  • Logging & Bottom Hole Survey
  • Tubing/Packer Failure & Repair
  • Stimulation
  • Remedial Cementing
  • Zonal Isolation
  • Sand Control
  • Artificial Lift
  • Fishing
  • Re-Perforation

3. By Application

  • Onshore
  • Offshore

4. By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Norway, Russia and Rest of Europe)
  • Asia Pacific (China, India, Japan, Australia, Indonesia, Thailand and Rest of Asia Pacific)
  • Latin America (Argentina, Venezuela, Mexico, Brazil and Rest of Latin America)
  • Middle East & Africa (GCC, Algeria, Egypt, Nigeria and Rest of Middle East & Africa)

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Onshore Segment Emerged Dominant in the Global Well Intervention Market

In terms of application, onshore segment was leading the global well intervention market in 2018. However, the offshore segment is anticipated to witness high demand and grow at a relatively higher CAGR during the forecast period 2019-2026. Growth witnessed in this segment is attributable to the increasing investment in subsea oil and gas assets. This is likely to fuel the demand in the global well intervention market.

Increasing number of well intervention activities and rising number of active rigs are key factors expected to drive the global well intervention market during the forecast period 2019-2026. Moreover, discovery of new wells and rigs is also anticipated to give impetus to the global well intervention market.

On the flip side, the high cost associated with well intervention activities may restrain the global well intervention market during the forecast period.

“Market players should focus on investing in offshore assets. This will help improve the reservoir performance and overall life cycle of the well. This may also boost the global well intervention market,” said a lead analyst at Fortune Business Insights.

Middle East and Africa to Expand at the Highest CAGR

North America was dominating the global well intervention market in 2018. The market in North America was worth US$ 3,268.3 Mn in 2018. Asia Pacific and Europe also held a significant share in the global well intervention market. North America is expected to dominate the global market even during the forecast period. Increase in offshore activities in the Gulf of Mexico and North Sea will create growth opportunities for the well intervention market in North America. Additionally, in 2017 the U.S. accounted for 50% of the new well drilled, followed by China and other Asian nations. The Middle East and Africa, is expected to grow at a relatively higher CAGR owing to the increased investment inflow and huge budget aided from Gulf nations.

Some of the leading organizations operating in the global well intervention market are Schlumberger, Baker Hughes, Halliburton, HELIX ESG, National Oilwell Varco, Oceaneering International, Inc., Expro Group, Hunting Energy Services, Weatherford International Plc, Deepwell AS, Welltec, TechnipFMC, C&J Energy Services, Inc., Superior Energy Services, Inc., and Altus Intervention.

Have any Query? Speak to Analyst at: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/well-intervention-market-100070

Table of Content

5. Global Well Intervention Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings
5.2. Market Analysis, Insights and Forecast – By Service
5.2.1. Logging & Bottom Hole Survey
5.2.2. Tubing/Packer Failure & Repair
5.2.3. Stimulation
5.2.4. Remedial Cementing
5.2.5. Zonal Isolation
5.2.6. Sand Control
5.2.7. Artificial Lift
5.2.8. Fishing
5.2.9. Re-Perforation
5.2.10. Others
5.3. Market Analysis, Insights and Forecast – By Type
5.3.1. Light Intervention
5.3.2. Medium Intervention
5.3.3. Heavy Intervention
5.4. Market Analysis, Insights and Forecast – By Application
5.4.1. Onshore
5.4.2. Offshore
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Middle East & Africa
5.5.5. Latin America
6. North America Well Intervention Market Analysis, Insights and Forecast, 2015-2026
6.1. Key Findings
6.2. Market Analysis, Insights and Forecast – By Service
6.2.1. Logging & Bottom Hole Survey
6.2.2. Tubing/Packer Failure & Repair
6.2.3. Stimulation
6.2.4. Remedial Cementing
6.2.5. Zonal Isolation
6.2.6. Sand Control
6.2.7. Artificial Lift
6.2.8. Fishing
6.2.9. Re-Perforation
6.2.10. Others
6.3. Market Analysis, Insights and Forecast – By Type
6.3.1. Light Intervention
6.3.2. Medium Intervention
6.3.3. Heavy Intervention
6.4. Market Analysis, Insights and Forecast – By Application
6.4.1. Onshore
6.4.2. Offshore
6.5. Market Analysis, Insights and Forecast – By Country
6.5.1. U.S.
6.5.2. Canada
7. Europe Well Intervention Market Analysis, Insights and Forecast, 2015-2026
7.1. Key Findings
7.2. Market Analysis, Insights and Forecast – By Service
7.2.1. Logging & Bottom Hole Survey
7.2.2. Tubing/Packer Failure & Repair
7.2.3. Stimulation
7.2.4. Remedial Cementing
7.2.5. Zonal Isolation
7.2.6. Sand Control
7.2.7. Artificial Lift
7.2.8. Fishing
7.2.9. Re-Perforation
7.2.10. Others
7.3. Market Analysis, Insights and Forecast – By Type
7.3.1. Light Intervention
7.3.2. Medium Intervention
7.3.3. Heavy Intervention
7.4. Market Analysis, Insights and Forecast – By Application
7.4.1. Onshore
7.4.2. Offshore
7.5. Market Analysis, Insights and Forecast – By Country
7.5.1. UK
7.5.2. Germany
7.5.3. France
7.5.4. Italy
7.5.5. Norway
7.5.6. Russia
7.5.7. Rest of Europe
8. Asia Pacific Well Intervention Market Analysis, Insights and Forecast, 2015-2026
8.1. Key Findings
8.2. Market Analysis, Insights and Forecast – By Service
8.2.1. Logging & Bottom Hole Survey
8.2.2. Tubing/Packer Failure & Repair
8.2.3. Stimulation
8.2.4. Remedial Cementing
8.2.5. Zonal Isolation
8.2.6. Sand Control
8.2.7. Artificial Lift
8.2.8. Fishing
8.2.9. Re-Perforation
8.2.10. Others
8.3. Market Analysis, Insights and Forecast – By Type
8.3.1. Light Intervention
8.3.2. Medium Intervention
8.3.3. Heavy Intervention
8.4. Market Analysis, Insights and Forecast – By Application
8.4.1. Onshore
8.4.2. Offshore
8.5. Market Analysis, Insights and Forecast – By Country
8.5.1. China
8.5.2. Japan
8.5.3. India
8.5.4. Australia
8.5.5. Indonesia
8.5.6. Thailand
8.5.7. Rest of Asia Pacific
9. Middle East & Africa Well Intervention Market Analysis, Insights and Forecast, 2015-2026
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Service
9.2.1. Logging & Bottom Hole Survey
9.2.2. Tubing/Packer Failure & Repair
9.2.3. Stimulation
9.2.4. Remedial Cementing
9.2.5. Zonal Isolation
9.2.6. Sand Control
9.2.7. Artificial Lift
9.2.8. Fishing
9.2.9. Re-Perforation
9.2.10. Others
9.3. Market Analysis, Insights and Forecast – By Type
9.3.1. Light Intervention
9.3.2. Medium Intervention
9.3.3. Heavy Intervention
9.4. Market Analysis, Insights and Forecast – By Application
9.4.1. Onshore
9.4.2. Offshore
9.5. Market Analysis, Insights and Forecast – By Country
9.5.1. GCC
9.5.2. Algeria
9.5.3. Egypt
9.5.4. Nigeria
9.5.5. Rest of Middle East & Africa
10. Latin America Well Intervention Market Analysis, Insights and Forecast, 2015-2026
10.1. Key Findings
10.2. Market Analysis, Insights and Forecast – By Service
10.2.1. Logging & Bottom Hole Survey
10.2.2. Tubing/Packer Failure & Repair
10.2.3. Stimulation
10.2.4. Remedial Cementing
10.2.5. Zonal Isolation
10.2.6. Sand Control
10.2.7. Artificial Lift
10.2.8. Fishing
10.2.9. Re-Perforation
10.2.10. Others
10.3. Market Analysis, Insights and Forecast – By Type
10.3.1. Light Intervention
10.3.2. Medium Intervention
10.3.3. Heavy Intervention
10.4. Market Analysis, Insights and Forecast – By Application
10.4.1. Onshore
10.4.2. Offshore
10.5. Market Analysis, Insights and Forecast – By Country
10.5.1. Argentina
10.5.2. Venezuela
10.5.3. Mexico
10.5.4. Brazil

TOC Continued…..!

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