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Well Intervention Market by Services (Logging & Bottomhole Survey, Tubing/Packer Failure & Repair, Stimulation, Sand Control, Artificial Lift, Fishing, Others), Application (Onshore & Offshore), and Region - Global Trends & Forecast to 2022

  • ID: 4200779
  • Report
  • April 2017
  • Region: Global
  • 182 Pages
  • Markets and Markets
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The Well Intervention Market is Expected to Grow from an Estimated USD 8.18 Billion in 2017 to USD 9.85 Billion by 2022, at a CAGR of 3.78%, from 2017 to 2022

FEATURED COMPANIES

  • Archer Limited
  • Baker Hughes Incorporated
  • GE Oil & Gas
  • Halliburton Company
  • Key Energy Services
  • Lupatech SA
  • MORE

“The well intervention market is projected to grow at a CAGR of 3.78%, from 2017 to 2022.”

The well intervention market is expected to grow from an estimated USD 8.18 billion in 2017 to USD 9.85 billion by 2022, at a CAGR of 3.78%, from 2017 to 2022. The factors driving the well intervention market include upsurge in global energy demand, increase in oil & gas production, and revitalization of aging fields/wells. Increasing focus on renewable energy and strict government regulations on E&P activities are key restraints for the growth of the well intervention market.

“Stimulation: The fastest growing segment of the well intervention, by service.”

The well stimulation services segment is estimated to be the fastest growing due to the increasing demand for hydraulic fracturing & matrix treatments. These services are performed to restore and enhance the production of a well that is hindered by skin formation near the wellbore area. This is a frequent problem in producing wells. There are two types of remedial stimulation methods: hydraulic fracturing and matrix treatments. The demand for hydraulic fracturing is increasing in the Americas, making it a lucrative market.

“Offshore is the fastest growing application-based market segment.”

The offshore well intervention application segment is expected to grow at the fastest pace during the forecast period. This is due to the onshore fields reaching maturity and the increasing E&P activities in the offshore environment.

“Africa: The fastest growing segment of the well intervention market, by region.”

The African market is expected to be the fastest growing segment of the well intervention market, by region, during the forecast period. The region is experiencing continuous oil & gas field development which triggers the need for well intervention/workover services.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, corporate-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.

The distribution of primary interviews is as follows:

  • By Company Type: Tier 1 - 60%, Tier 2 - 27%, and Tier 3 - 13%
  • By Designation: C - Level - 35%, Manager Level - 25%, and - Others 40%
  • By Region: North America - 30%, Europe - 23%, Asia-Pacific - 17%, South and Central Americas - 15%, Middle East - 10%, and Africa - 5%

Others include sales managers, engineers, regional managers etc.

Note: Tier 1 Company-Revenue >5 billion, Tier 2 Company-Revenue between 1 and 5 billion, and Tier 3 Company-Revenue <1 billion

The leading players in this industry have been profiled, along with their recent developments and other strategic activities. These include GE Oil & Gas (U.K.), Baker Hughes Incorporated (U.S.), Halliburton Company (U.S.), Schlumberger Limited (U.S.), Weatherford International plc (Switzerland), Expro International Group Holdings Ltd. (U.K.), Archer Limited (U.K.), Welltec International ApS (Denmark), TechnipFMC plc (U.K.), Trican Well Service Ltd. (Canada), Basic Energy Services, Inc. (U.S.), Superior Energy Services, Inc. (U.S.), Key Energy Services, Inc. (U.S.), and Lupatech SA (Brazil), among others.

Research Coverage:

  • The report segments the well intervention market, on the basis of service, into logging and bottom hole survey, tubing and packer failure and repair, stimulation, remedial cementing, zonal isolation, sand control services, artificial lift services, fishing, reperforation, and others.
  • The applications for the well intervention market are onshore and offshore.
  • The offshore well intervention market has been further segmented into light intervention, medium intervention, and heavy intervention.
  • The well intervention market has been segmented by region into North America, Europe, Asia-Pacific, South and Central America, the Middle East, and Africa. Each region has been further analyzed based on key country-level markets.

Others include water shut off, casing repair, horizontal well sand control, well abandonment, sand washing, and paraffin/asphaltene/hydrates removal, among others.

Why buy this report?

  • The report identifies and addresses key markets for well intervention solutions, which is useful for suppliers and OEMs to review production and distribution plans.
  • The report helps manufacturers understand the pulse of the market and provides insights on drivers, restraints, and challenges. The report includes analyses of key countries, by service and application. It analyzes historical trends and forecasts for 2022, which assists in strategic decision-making.
  • The report will help OEMs better understand their competitors’ strategies and will help in making strategic decisions. It also presents the competition by analyzing recent market developments such as key contracts, expansions, and new product launches by key global market players.
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FEATURED COMPANIES

  • Archer Limited
  • Baker Hughes Incorporated
  • GE Oil & Gas
  • Halliburton Company
  • Key Energy Services
  • Lupatech SA
  • MORE

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Countries Covered
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Break-Down of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Well Intervention Market Overview
    4.2 Key Countries for Well Intervention Market
    4.3 Well Intervention Market, By Application
    4.4 Well Intervention Market: Service Type & Region
    4.5 Well Intervention Market, By Service Type

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Upsurge in Global Energy Demand
                    5.2.1.2 Increase in Oil & Gas Production
                    5.2.1.3 Revitalization of Aging Field Well
           5.2.2 Restraints
                    5.2.2.1 Increasing Focus on Renewable Energy
                    5.2.2.2 Strict Government Regulations on E&P Activities
           5.2.3 Opportunities
                    5.2.3.1 New Oilfield Discoveries
                    5.2.3.2 Demand for Well Intervention in Subsea
           5.2.4 Challenges
                    5.2.4.1 High Temperature Intervention Challenges
    5.3 Supply Chain Overview
           5.3.1 Key Influencers

6 Well Intervention Market, By Service
    6.1 Introduction
    6.2 Market Analysis
           6.2.1 Logging & Bottomhole 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 Reperforation
           6.2.10 Others

7 Well Intervention Market, By Application
    7.1 Introduction
    7.2 Market Analysis
           7.2.1 Impact of Oil Prices on the Well Intervention Market, By Application
           7.2.2 Onshore
           7.2.3 Offshore
                    7.2.3.1 Introduction
                    7.2.3.2 Types of Offshore Well Intervention Services
           7.2.4 By Type

8 Well Intervention Market, By Region
    8.1 Introduction
    8.2 North America
           8.2.1 U.S.
           8.2.2 Canada
    8.3 Europe
           8.3.1 Russia
           8.3.2 U.K.
           8.3.3 Norway
           8.3.4 Denmark
           8.3.5 Rest of Europe
    8.4 Asia-Pacific
           8.4.1 China
           8.4.2 Malaysia
           8.4.3 India
           8.4.4 Indonesia
           8.4.5 Australia
           8.4.6 Rest of Asia-Pacific
    8.5 South & Central America
           8.5.1 Venezuela
           8.5.2 Mexico
           8.5.3 Brazil
           8.5.4 Argentina
           8.5.5 Rest of South & Central America
    8.6 Middle East
           8.6.1 Saudi Arabia
           8.6.2 UAE
           8.6.3 Iraq
           8.6.4 Iran
           8.6.5 Qatar
           8.6.6 Kuwait
           8.6.7 Rest of the Middle East
    8.7 Africa
           8.7.1 Angola
           8.7.2 Nigeria
           8.7.3 Algeria
           8.7.4 Rest of Africa

9 Competitive Landscape
    9.1 Overview
    9.2 Market Ranking, Well Intervention Market, 2015
    9.3 Vendor Dive Matrix
           9.3.1 Market Leaders/Vanguards
           9.3.2 Innovators
           9.3.3 Dynamic:
           9.3.4 Emerging
    9.4 Competitive Situation & Trends

10 Company Profile
     10.1 Baker Hughes Incorporated
     10.2 Halliburton Company
     10.3 Schlumberger Limited
     10.4 Weatherford International, PLC.
     10.5 Superior Energy Services, Inc.
     10.6 Archer Limited
     10.7 Expro International Group Holdings, Ltd.
     10.8 TechnipFMC, PLC.
     10.9 GE Oil & Gas
     10.10 Key Energy Services
     10.11 Trican Well Service, Ltd.
     10.12 Welltec International APS
     10.13 Basic Energy Services, Inc.
     10.14 Lupatech SA

List of Tables
Table 1 Global Well Intervention Market Snapshot
Table 2 Global Oil Consumption, 2005-2035 (Million Tonnes Oil Equivalent)
Table 3 Global Natural Gas Consumption, 2005-2035 (Million Tonnes Oil Equivalent)
Table 4 Well Intervention Market Size, By Service, 2015-2022 (USD Million)
Table 5 Logging & Bottomhole Survey: Well Intervention Market Size, By Region, 2015-2022 (USD Million)
Table 6 Tubing & Packer Failure & Repair: Well Intervention Market Size, By Region, 2015-2022 (USD Million)
Table 7 Stimulation: Well Intervention Market Size, By Region, 2015-2022 (USD Million)
Table 8 Remedial Cementing: Well Intervention Market Size, By Region, 2015-2022 (USD Million)
Table 9 Zonal Isolation: Well Intervention Market Size, By Region, 2015-2022 (USD Million)
Table 10 Sand Control: Well Intervention Market Size, By Region, 2015-2022 (USD Million)
Table 11 Artificial Lift: Well Intervention Market Size, By Region, 2015-2022 (USD Million)
Table 12 Fishing: Well Intervention Market Size, By Region, 2015-2022 (USD Million)
Table 13 Reperforation: Well Intervention Market Size, By Region, 2015-2022 (USD Million)
Table 14 Others: Well Intervention Market Size, By Region, 2015-2022 (USD Million)
Table 15 Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 16 Onshore: Well Intervention Market Size, By Region, 2015-2022 (USD Million)
Table 17 Offshore: Well Intervention Market Size, By Region, 2015-2022 (USD Million)
Table 18 Offshore: Well Intervention Market Size, By Type, 2015-2022 (USD Million)
Table 19 Offshore: Light Well Intervention Market Size, By Region, 2015-2022 (USD Million)
Table 20 Offshore: Medium Well Intervention Market Size, By Region, 2015-2022 (USD Million)
Table 21 Offshore: Heavy Well Intervention Market Size, By Region, 2015-2022 (USD Million)
Table 22 Well Intervention Market Size, By Region, 2015-2022 (USD Million)
Table 23 North America: Well Intervention Market Size, By Country, 2015-2022 (USD Million)
Table 24 North America: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 25 North America: Well Intervention Market Size, By Service, 2015-2022 (USD Million)
Table 26 North America: Well Intervention Market Size, By Type, 2015-2022 (USD Million)
Table 27 U.S.: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 28 Canada: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 29 Europe: Well Intervention Market Size, By Country, 2015-2022 (USD Million)
Table 30 Europe: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 31 Europe: Well Intervention Market Size, By Service, 2015-2022 (USD Million)
Table 32 Europe: Well Intervention Market Size, By Type, 2015-2022 (USD Million)
Table 33 Russia: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 34 U.K.: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 35 Norway: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 36 Denmark: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 37 Rest of Europe: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 38 Asia-Pacific: Well Intervention Market Size, By Country, 2015-2022 (USD Million)
Table 39 Asia-Pacific: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 40 Asia-Pacific: Well Intervention Market Size, By Service, 2015-2022 (USD Million)
Table 41 Asia-Pacific: Well Intervention Market Size, By Type, 2015-2022 (USD Million)
Table 42 China: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 43 Malaysia: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 44 India: Well Intervention Market Size, By Type, 2015-2022 (USD Million)
Table 45 Indonesia: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 46 Australia: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 47 Rest of Asia-Pacific: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 48 South & Central America: Well Intervention Market Size, By Country, 2015-2022 (USD Million)
Table 49 South & Central America: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 50 South & Central America: Well Intervention Market Size, By Service, 2015-2022 (USD Million)
Table 51 South & Central America: Well Intervention Market Size, By Type, 2015-2022 (USD Million)
Table 52 Venezuela: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 53 Mexico: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 54 Brazil: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 55 Argentina: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 56 Rest of South & Central America: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 57 Middle East: Well Intervention Market Size, By Country, 2015-2022 (USD Million)
Table 58 Middle East: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 59 Middle East: Well Intervention Market Size, By Service, 2015-2022 (USD Million)
Table 60 Middle East: Well Intervention Market Size, By Type, 2015-2022 (USD Million)
Table 61 Saudi Arabia: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 62 UAE: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 63 Iraq: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 64 Iran: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 65 Qatar: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 66 Kuwait: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 67 Rest of the Middle East: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 68 Africa: Well Intervention Market Size, By Country, 2015-2022 (USD Million)
Table 69 Africa: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 70 Africa: Well Intervention Market Size, By Service, 2015-2022 (USD Million)
Table 71 Africa: Well Intervention Market Size, By Type, 2015-2022 (USD Million)
Table 72 Angola: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 73 Nigeria: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 74 Algeria: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 75 Rest of Africa: Well Intervention Market Size, By Application, 2015-2022 (USD Million)
Table 76 Service Offering

List of Figures
Figure 1 Well Intervention Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation Methodology
Figure 5 North America Dominated the Well Intervention Market in 2016
Figure 6 Logging & Bottomhole Survey Segment is Expected to Dominate the Well Intervention Market By Service Type, 2017-2022
Figure 7 Onshore Application is Expected to Dominate the Well Intervention Market During the Forecast Period
Figure 8 New Oilfield Discoveries & Increase in Production Activities are Expected to Drive the Well Intervention Market in the Future
Figure 9 Angola is the Fastest Growing Country to Demand Well Intervention Services From 2017 to 2022
Figure 10 Offshore Well Intervention Services Segment is Expected to Lead in Terms of Market Growth From 2017 to 2022
Figure 11 North America Contributed More Than One-Fourth of the Share of the Well Intervention Market in 2016
Figure 12 Stimulation Services Segment is Expected to Grow at the Highest Rate During the Forecast Period
Figure 13 Market Dynamics: Well Intervention Market
Figure 14 World Crude Oil Annual Production, 2015-2018
Figure 15 Natural Gas Production in China, Canada, & the U.S.
Figure 16 Well Intervention Supply Chain
Figure 17 Stimulation Intervention Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 18 The Market in North America is Expected to Dominate the Logging & Bottomhole Intervention Services Market During the Forecast Period
Figure 19 Offshore Application Segment is Expected to Grow at the Highest Rate During the Forecast Period
Figure 20 Onshore Application Segment is Expected to Dominate the Well Intervention Market During the Forecast Period
Figure 21 Offshore Well Intervention Classification, By Type (Light, Medium, & Heavy)
Figure 22 Heavy Well Intervention Market is Expected to Grow at the Highest Rate During the Forecast Period
Figure 23 Regional Snapshot (2016): Africa & Asia-Pacific Markets are Emerging as New Hotspots
Figure 24 Africa: the Fastest Growing Well Intervention Market, 2017-2022
Figure 25 North America: Well Intervention Market Snapshot
Figure 26 Oil Reserves, By Top Countries, 2016
Figure 27 Europe: Well Intervention Market Snapshot
Figure 28 Mexico Holds the Largest Share in Southern & Central American Well Intervention Market During the Forecast Period
Figure 29 Saudi Arabia is Expected to Be the Largest Market in the Middle East Well Intervention Market During the Forecast Period
Figure 30 Offshore is Expected to Be the Largest Application Segment in the African Well Intervention Market During the Forecast Period
Figure 31 Companies Adopted New Product & Technology Launches as A Key Growth Strategy, 2014-2017
Figure 32 Market Ranking, Well Intervention Market, 2015
Figure 33 Well Intervention Market: Vendor Dive Matrix
Figure 34 Product Offering Comparison
Figure 35 Business Strategy Comparison
Figure 36 Market Evaluation Framework, 2014-2017
Figure 37 Battle for Market Share (2014-2017): New Product & Technology Launches Was the Key Strategy Adopted By the Players in the Well Intervention Market
Figure 38 Baker Hughes Incorporated: Company Snapshot
Figure 39 Baker Hughes Incorporated: Product Offering Scorecard
Figure 40 Baker Hughes Incorporated: Business Strategy Scorecard
Figure 41 Halliburton Company: Company Snapshot
Figure 42 Halliburton Company: Product Offering Scorecard
Figure 43 Halliburton Company: Business Strategy Scorecard
Figure 44 Schlumberger Limited: Company Snapshot
Figure 45 Schlumberger Limited: Product Offering Scorecard
Figure 46 Schlumberger Limited: Business Strategy Scorecard
Figure 47 Weatherford International, PLC.: Company Snapshot
Figure 48 Weatherford International, PLC.: Product Offering Scorecard
Figure 49 Weatherford International, PLC.: Business Strategy Scorecard
Figure 50 Superior Energy Services, Inc.: Company Snapshot
Figure 51 Superior Energy Services, Inc.: Product Offering Scorecard
Figure 52 Superior Energy Services, Inc.: Business Strategy Scorecard
Figure 53 Archer Limited: Company Snapshot
Figure 54 Archer Limited: Product Offering Scorecard
Figure 55 Archer Limited: Business Strategy Scorecard
Figure 56 Expro International Group Holdings, Ltd.: Company Snapshot
Figure 57 Expro International Group Holdings, Ltd.: Product Offering Scorecard
Figure 58 Expro International Group Holdings, Ltd.: Business Strategy Scorecard
Figure 59 TechnipFMC, PLC.: Product Offering Scorecard
Figure 60 TechnipFMC, PLC.: Business Strategy Scorecard
Figure 61 GE Oil & Gas: Company Snapshot
Figure 62 GE Oil & Gas: Product Offering Scorecard
Figure 63 GE Oil & Gas: Business Strategy Scorecard
Figure 64 Key Energy Services: Company Snapshot
Figure 65 Key Energy Services: Product Offering Scorecard
Figure 66 Key Energy Services: Business Strategy Scorecard
Figure 67 Trican Well Service, Ltd.: Company Snapshot
Figure 68 Trican Well Service, Ltd.: Product Offering Scorecard
Figure 69 Trican Well Service, Ltd.: Business Strategy Scorecard
Figure 70 Welltec International APS: Company Snapshot
Figure 71 Welltec International APS: Product Offering Scorecard
Figure 72 Welltec International APS: Business Strategy Scorecard
Figure 73 Basic Energy Services, Inc.: Company Snapshot
Figure 74 Basic Energy Services, Inc.: Product Offering Scorecard
Figure 75 Basic Energy Services, Inc.: Business Strategy Scorecard
Figure 76 Lupatech SA: Company Snapshot
Figure 77 Lupatech SA: Product Offering Scorecard
Figure 78 Lupatech SA: Business Strategy Scorecard

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FEATURED COMPANIES

  • Archer Limited
  • Baker Hughes Incorporated
  • GE Oil & Gas
  • Halliburton Company
  • Key Energy Services
  • Lupatech SA
  • MORE

The well intervention market is projected to grow at a CAGR of 3.78%, from 2017 to 2022, to reach USD 9.85 Billion by 2022. The factors driving the well intervention market include upsurge in global energy demand, increase in oil & gas production, and revitalization of aging fields/wells.

The report segments the well intervention market, by service, into logging and bottomhole survey, tubing and packer failure and repair, stimulation, remedial cementing, zonal isolation, sand control services, artificial lift services, fishing, reperforation, and others. The logging and bottomhole survey segment holds the largest market share of the well intervention market, by service due to the need to understand the reservoirs to determine the appropriate means of production.

The report segments the well intervention market, by application, into onshore and offshore. The well intervention market, by application, is dominated by the onshore segment, while the offshore segment is growing at the fastest pace during the forecast period. This is due to the onshore fields reaching maturity and the increasing E&P activities in the offshore environment.

The report segments the well intervention market, by offshore well intervention market, into light intervention, medium intervention, and heavy intervention. Light well intervention segment is currently the largest market share of the offshore well intervention market. The heavy intervention segment is expected to grow at the highest CAGR during the forecast period. Increased capability of light well intervention vessels to perform remedial operations is driving the light well intervention segment market.

In this report, the well intervention market has been segmented into the following regions: North America, Europe, Asia-Pacific, South and Central America, the Middle East, and Africa. North America is currently the largest market for well intervention, and the African market is projected to grow at the highest CAGR, during the forecast period. The U.S. accounted for the majority share in North America in 2016. The ongoing shale gas revolution is the major factor driving the well intervention market in the U.S. The figure given below shows the regional scenario of the well intervention market from 2017 to 2022.

Increasing focus on renewable energy and strict government regulations on E&P activities are key restraints for the growth of the well intervention market.

Some of the leading players in the well intervention market include GE Oil & Gas (U.K.), Baker Hughes Incorporated (U.S.), Halliburton Company (U.S.), Schlumberger Limited (U.S.), Weatherford International plc (Switzerland), Expro International Group Holdings Ltd. (U.K.), Archer Limited (U.K.), Welltec International ApS (Denmark), TechnipFMC plc (U.K.), Trican Well Service Ltd. (Canada), Basic Energy Services, Inc. (U.S.), Superior Energy Services, Inc. (U.S.), Key Energy Services, Inc. (U.S.), and Lupatech SA (Brazil), among others.

New product launches was the most common strategy adopted by the top players in the market, constituting more than one-third of the total development share. The other common strategies employed were contracts & agreements, mergers & acquisitions, expansions, partnerships, collaborations, and alliance & joint ventures.

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  • Archer Limited
  • Baker Hughes Incorporated
  • Basic Energy Services, Inc.
  • Expro International Group Holdings, Ltd.
  • GE Oil & Gas
  • Halliburton Company
  • Key Energy Services
  • Lupatech SA
  • Schlumberger Limited
  • Superior Energy Services, Inc.
  • TechnipFMC, PLC.
  • Trican Well Service, Ltd.
  • Weatherford International, PLC.
  • Welltec International APS
Note: Product cover images may vary from those shown
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