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Well Intervention Market by Services (Logging & Bottomhole Survey, Tubing/Packer Failure & Repair, Stimulation, Sand Control, Artificial Lift, Fishing, Others), Type (Light, Medium, Heavy), Application & Region - Global Forecast to 2023

  • ID: 4703992
  • Report
  • Region: Global
  • 176 Pages
  • Markets and Markets
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The Well Intervention Market is Projected to Reach USD 11.0 Billion by 2023 from an Estimated USD 8.5 Billion in 2018, at a CAGR of 5.35%

FEATURED COMPANIES

  • Altus Intervention
  • Archer
  • C&J Energy Services, Inc.
  • Expro Group
  • Halliburton
  • Oilserv
  • MORE

The Well Intervention market is projected to grow at a CAGR of 5.35%, from 2018 to 2023.

The Well Intervention market is projected to reach USD 11.0 billion by 2023 from an estimated USD 8.5 billion in 2018, at a CAGR of 5.35%. This can be attributed to the growth of technological developments in the oil & gas industry. Increasing demand for well intervention in subsea and discoveries of new oilfields offer promising business opportunities for the growth of the well intervention market. The strict environmental regulations on E&P activities can act as a restraint for Well Intervention market.

The Stimulation segment is expected to dominate the Well intervention market from 2018 to 2023.

The Stimulation segment held the largest market share in 2018 and is estimated to be the fastest growing segment during the forecast period. It is majorly driven by 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 segment is expected to be the fastest growing segment in the Well intervention market during the forecast period.

The Offshore segment led the Well Intervention market in 2018 and is expected to be the fastest growing market during the forecast period. This growth is majorly driven by increasing deepwater drilling and production activities and by the increasing number of maturing subsea wells.

North America: The fastest growing market for Well intervention.

North America is expected to be the largest market for Well intervention in 2023 and is projected to grow at the highest CAGR, during the forecast period. The market growth is driven by investments in the power generation and oil & gas sectors. The region has abundant reserves of hydrocarbons and is one of the leading petroleum producing regions in the world. The Middle East is the primary exporter of oil & gas globally, mainly to Asian countries such as China and India. In January 2016, the oil export sanctions on Iran were lifted, allowing the country to export oil, which led to an increase in E&P activities, further leading to a rise in oil production. Moreover, as per the Baker Hughes’ International Rig Count December 2017, there was a considerable drop in the rig count in 2016 compared to that in 2014 and 2015. These developments would trigger the growth of the Well intervention market in the region.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-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- 70%, Tier 2- 20%, and Tier 3- 10%
  • By Designation: C-Level- 50%, Director Level- 20%, and Others- 30%
  • By Region: North America- 40%, Asia Pacific- 21%, Europe- 15%, Middle East & Africa- 13%, and South & Central America- 11%

Note: Others includes product engineers, product specialists, and engineering leads.

Note: The tiers of the companies are defined on the basis of their total revenues as of 2017. Tier 1: >USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: <USD 500 million

The leading players in the Well Intervention market include BHGE (US), Halliburton (US), Schlumberger (US), Weatherford (Switzerland).

Research Coverage:

The report defines, describes, and forecasts the global Well Intervention market by intervention type, service, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the Well Intervention market.

Key Benefits of Buying the Report:

The report will provide the market leaders/new entrants in this market information on the closest approximations of the revenue numbers for the overall Well Intervention market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Altus Intervention
  • Archer
  • C&J Energy Services, Inc.
  • Expro Group
  • Halliburton
  • Oilserv
  • 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 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Break-Up 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 Attractive Opportunities in the Well Intervention Market
4.2 North America Well Intervention Market, By Type & Country
4.3 Well Intervention Market, By Service Type
4.4 Well Intervention Market, By Type

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Reactivation of Mature Oilfields
5.2.1.2 Shale Boom in Americas and Asia Pacific
5.2.1.3 Upsurge in Oil & Gas Production
5.2.1.4 Increase in Global Energy Demand
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
5.2.4.2 Application of Artificial Lift Technique of Well Intervention in Horizontal Wells
5.3 Impact of Crude Oil Price on Well Intervention

6 Well Intervention Market, By Service
6.1 Introduction
6.2 Logging & Bottomhole Survey
6.2.1 Europe is the Second Largest Market in Logging & Bottomhole Survey
6.3 Tubing & Packer Failure & Repair
6.3.1 North America is Expected to Have the Largest Market Share in Tubing & Packer Failure & Repair Service Segment
6.4 Stimulation
6.4.1 Demand for Hydraulic Fracturing in the American Region Offers A Lucrative Opportunity to the Stimulation Service Providers
6.5 Remedial Cementing
6.5.1 Complexity in Carrying Out E&P Activities at Unconventional Reserves is Expected to Drive the Remedial Cementing Segment
6.6 Zonal Isolation
6.6.1 Increase in Oil & Gas Production From Mature Wells Drives the Zonal Isolation Market
6.7 Sand Control
6.7.1 Redevelopment of Aging Reservoirs Provides A Lucrative Opportunity for the Sand Control Market
6.8 Artificial Lift
6.8.1 Middle East is Projected to Be the Fastest Growing Market for the Artificial Lift Segment
6.9 Fishing
6.9.1 North America Held the Largest Share of the Fishing Segment
6.10 Reperforation
6.10.1 Increase in Production From Mature Wells is Likely to Support the Growth for Reperforation Segment
6.11 Others

7 Well Intervention Market, By Application
7.1 Introduction
7.2 Onshore
7.2.1 North America Holds the Largest Market Share of the Onshore Well Intervention Market
7.3 Offshore
7.3.1 New Offshore Oilfield Discoveries and Rising Offshore Investments Drives the Market During the Forecast Period

8 Well Intervention Market, By Intervention Type
8.1 Introduction
8.2 Light Well Intervention
8.2.1 Rising Adoption of Riserless Light Well Intervention (Rlwi) Vessel for Offshore Operations Assists the Growth of This Segment
8.3 Medium Well Intervention
8.3.1 Rise in Developments From the Unconventional Reserves With the Support of Snubbing Units Makes This the Fastest Growing Segment
8.4 Heavy Well Intervention
8.4.1 Developments in Mature Fields Supports the Adoption of Heavy Well Intervention Services

9 Well Intervention Market, By Region
9.1 Introduction
9.2 North America
9.2.1 By Service
9.2.2 By Application
9.2.3 By Intervention Type
9.2.4 By Country
9.2.4.1 US
9.2.4.1.1 Developments in Shale Gas Drives the US Well Intervention Market
9.2.4.2 Canada
9.2.4.2.1 Developments of Unconventional Reserves Drive the Well Intervention Market in Canada
9.3 Europe
9.3.1 By Service
9.3.2 By Application
9.3.3 By Intervention Type
9.3.4 By Country
9.3.4.1 Russia
9.3.4.1.1 Investments for the Development in Arctic Offshore is Expected to Drive the Offshore Well Intervention Market in Russia
9.3.4.2 UK
9.3.4.2.1 Redevelopments of Brown Field Drives the Well Intervention Market in UK
9.3.4.3 Norway
9.3.4.3.1 E&P Activities in Ncs Drives the Well Intervention Market
9.3.4.4 Denmark
9.3.4.4.1 Offshore E&P to Support Well Intervention Market
9.3.4.5 Rest of Europe
9.4 Asia Pacific
9.4.1 By Service
9.4.2 By Application
9.4.3 By Intervention Type
9.4.4 By Country
9.4.4.1 China
9.4.4.1.1 Depleting Oil & Gas Fields Support the Well Intervention Market in China
9.4.4.2 India
9.4.4.2.1 Rising Investments for Offshore E&P Activities are Expected to Drive the Well Intervention Market During Forecast Years
9.4.4.3 Australia
9.4.4.3.1 Increase in Drilling Activities to Support the Well Intervention Market
9.4.4.4 Indonesia
9.4.4.4.1 The Decline in Oil & Gas Production is Expected to Support the For Applications and Drive the Well Intervention Market
9.4.4.5 Malaysia
9.4.4.5.1 Deepwater Explorations and Enhancing Oil & Gas Production From Existing Fields Drives the Well Intervention Market
9.4.4.6 Rest of Asia Pacific
9.5 South & Central America
9.5.1 By Service
9.5.2 By Application
9.5.3 By Intervention Type
9.5.4 By Country
9.5.4.1 Mexico
9.5.4.1.1 Investments for Developing Shale Resources to Drive the Well Intervention Market in Mexico
9.5.4.2 Brazil
9.5.4.2.1 Offshore Developments to Drive the Well Intervention Market in Brazil
9.5.4.3 Venezuela
9.5.4.3.1 Offshore Reserves are Expected to Offset the Declining Onshore Production in Venezuela and Drive the Well Intervention Market
9.5.4.4 Argentina
9.5.4.4.1 Development for Shale Reserves to Drive the Well Intervention Market
9.5.4.5 Rest of South & Central America
9.6 Middle East
9.6.1 By Service
9.6.2 By Application
9.6.3 By Intervention Type
9.6.4 By Country
9.6.4.1 Saudi Arabia
9.6.4.1.1 Enhanced Crude Production From Onshore Fields and the Surge in Offshore Exploration to Drive the Well Intervention Market
9.6.4.2 UAE
9.6.4.2.1 For Applications at Existing Mature Fields A Driving Force for Well Intervention Services in UAE
9.6.4.3 Iraq
9.6.4.3.1 Increasing Production From Onshore Fields to Support the Well Intervention Market in Iraq
9.6.4.4 Iran
9.6.4.4.1 Onshore Segmented is Estimated to Drive Market in Iran
9.6.4.5 Qatar
9.6.4.5.1 Enhancing Production of Crude to Support the Well Intervention Market in Qatar
9.6.4.6 Kuwait
9.6.4.6.1 Upcoming Investments in the Oil Fields are Likely to Boost the Well Intervention Market
9.6.4.7 Rest of the Middle East
9.7 Africa
9.7.1 By Service
9.7.2 By Application
9.7.3 By Intervention Type
9.7.4 By Country
9.7.4.1 Nigeria
9.7.4.1.1 Developments of Mature Oil & Gas Fields to Support Well Intervention Market During the Forecast Years
9.7.4.2 Algeria
9.7.4.2.1 Investments in Upstream Sector are Likely to Boost the Well Intervention Market in the Country
9.7.4.3 Angola
9.7.4.3.1 Deepwater Developments to Drive the Well Intervention Market
9.7.4.4 Rest of Africa

10 Competitive Landscape
10.1 Overview
10.2 Ranking of Players
10.3 Competitive Scenario
10.3.1 New Product Launches
10.3.2 Expansions & Investments
10.3.3 Contracts & Agreements
10.3.4 Mergers & Acquisitions

11 Company Profiles
11.1 Benchmarking
11.2 Halliburton
11.3 Schlumberger Limited
11.4 Baker Hughes, A GE Company
11.5 Weatherford
11.6 C&J Energy Services, Inc.
11.7 Superior Energy Services, Inc.
11.8 Archer
11.9 Expro Group
11.10 Oilserv
11.11 Altus Intervention
11.12 Welltec
11.13 Trican

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details

List of Tables
Table 1 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 Rig Count & Oil Production
Table 5 Well Intervention Market Size, By Service, 2016-2023 (USD Million)
Table 6 Logging & Bottomhole Survey: Well Intervention Market Size, By Region, 2016-2023 (USD Million)
Table 7 Tubing & Packer Failure & Repair: Well Intervention Market Size, By Region, 2016-2023 (USD Million)
Table 8 Stimulation: Well Intervention Market Size, By Region, 2016-2023 (USD Million)
Table 9 Remedial Cementing: Well Intervention Market Size, By Region, 2016-2023 (USD Million)
Table 10 Zonal Isolation: Well Intervention Market Size, By Region, 2016-2023 (USD Million)
Table 11 Sand Control: Well Intervention Market Size, By Region, 2016-2023 (USD Million)
Table 12 Artificial Lift: Well Intervention Market Size, By Region, 2016-2023 (USD Million)
Table 13 Fishing: Well Intervention Market Size, By Region, 2016-2023 (USD Million)
Table 14 Reperforation: Well Intervention Market Size, By Region, 2016-2023 (USD Million)
Table 15 Others: Well Intervention Market Size, By Region, 2016-2023 (USD Million)
Table 16 Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 17 Onshore: Well Intervention Market Size, By Region, 2016-2023 (USD Million)
Table 18 Offshore: Well Intervention Market Size, By Region, 2016-2023 (USD Million)
Table 19 Well Intervention Market Size, By Intervention Type, 2016-2023 (USD Million)
Table 20 Light Well Intervention Market Size, By Region, 2016-2023 (USD Million)
Table 21 Medium Well Intervention Market Size, By Region, 2016-2023 (USD Million)
Table 22 Heavy Well Intervention Market Size, By Region, 2016-2023 (USD Million)
Table 23 Well Intervention Market Size, By Region, 2016-2023 (USD Million)
Table 24 North America: Well Intervention Market, By Service, 2016-2023 (USD Million)
Table 25 North America: Well Intervention Market, By Application, 2016-2023 (USD Million)
Table 26 North America: Well Intervention Market, By Type, 2016-2023 (USD Million)
Table 27 North America: Well Intervention Market, By Country, 2016-2023 (USD Million)
Table 28 US: Well Intervention Market, By Application, 2016-2023 (USD Million)
Table 29 Canada: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 30 Europe: Well Intervention Market Size, By Service, 2016-2023 (USD Million)
Table 31 Europe: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 32 Europe: Well Intervention Market Size, By Type, 2016-2023 (USD Million)
Table 33 Europe: Well Intervention Market Size, By Country, 2016-2023 (USD Million)
Table 34 Russia: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 35 UK: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 36 Norway: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 37 Denmark: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 38 Rest of Europe: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 39 Asia Pacific: Well Intervention Market Size, By Service, 2016-2023 (USD Million)
Table 40 Asia Pacific: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 41 Asia Pacific: Well Intervention Market Size, By Type, 2016-2023 (USD Million)
Table 42 Asia Pacific: Well Intervention Market Size, By Country, 2016-2023 (USD Million)
Table 43 China: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 44 India: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 45 Australia: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 46 Indonesia: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 47 Malaysia: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 48 Rest of Asia Pacific: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 49 South & Central America: Well Intervention Market Size, By Service, 2016-2023 (USD Million)
Table 50 South & Central America: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 51 South & Central America: Well Intervention Market Size, By Intervention Type, 2016-2023 (USD Million)
Table 52 South & Central America: Well Intervention Market Size, By Country, 2016-2023 (USD Million)
Table 53 Mexico: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 54 Brazil: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 55 Venezuela: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 56 Argentina: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 57 Rest of South & Central America: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 58 Middle East: Well Intervention Market Size, By Service, 2016-2023 (USD Million)
Table 59 Middle East: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 60 Middle East: Well Intervention Market Size, By Intervention Type, 2016-2023 (USD Million)
Table 61 Middle East: Well Intervention Market Size, By Country, 2016-2023 (USD Million)
Table 62 Saudi Arabia: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 63 UAE: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 64 Iraq: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 65 Iran: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 66 Qatar: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 67 Kuwait: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 68 Rest of the Middle East: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 69 Africa: Well Intervention Market Size, By Service, 2016-2023 (USD Million)
Table 70 Africa: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 71 Africa: Well Intervention Market Size, By Intervention Type, 2016-2023 (USD Million)
Table 72 Africa: Well Intervention Market Size, By Country, 2016-2023 (USD Million)
Table 73 Nigeria: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 74 Algeria: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 75 Angola: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 76 Rest of Africa: Well Intervention Market Size, By Application, 2016-2023 (USD Million)
Table 77 Developments of Key Players in the Market, 2014-November 2018

List of Figures
Figure 1 Well Intervention Market: Research Design
Figure 2 Data Triangulation Methodology
Figure 3 North America is Expected to Dominate the Well Intervention Market in 2018
Figure 4 Stimulation Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 5 Onshore Segment is Expected to Lead the Well Intervention Market During the Forecast Period
Figure 6 Medium Intervention Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 7 Reactivation of Mature Oilfields is Expected to Drive the Well Intervention Market, From 2018-2023
Figure 8 Onshore Segment and the US Dominated the Well Intervention Market in North America
Figure 9 Logging & Bottomhole Survey Segment is Expected to Dominate the Well Intervention Market During the Forecast Period
Figure 10 Light Intervention Segment Dominated the Well Intervention Market, By Type, in 2017
Figure 11 Market Dynamics: Well Intervention Market
Figure 12 US Shale Gas Production Growth, 2011-2016
Figure 13 World Crude Oil Annual Production, 2011-2017
Figure 14 Crude Price vs Drilling and Production Operations
Figure 15 Logging & Bottomhole Survey Segment Held the Highest Market Share in 2017
Figure 16 North America is Expected to Dominate the Logging & Bottomhole Intervention Services Market During the Forecast Period
Figure 17 Onshore is the Largest Market for Well Intervention, 2018-2023
Figure 18 Light Well Intervention is Expected to Be the Largest Market for Well Intervention, 2018-2023
Figure 19 North America is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 20 North America Led the Well Intervention Market in 2017
Figure 21 Regional Snapshot: North America Led the Well Intervention Market, in 2017
Figure 22 Regional Snapshot: Europe Well Intervention Market, in 2017
Figure 23 Key Developments in the Well Intervention Market, 2014-November 2018
Figure 24 Ranking of Key Players & Industry Concentration, 2017
Figure 25 Halliburton: Company Snapshot
Figure 26 Schlumberger: Company Snapshot
Figure 27 Baker Hughes, A GE Company: Company Snapshot
Figure 28 Weatherford: Company Snapshot
Figure 29 C&J Energy Services, Inc.: Company Snapshot
Figure 30 Superior Energy Services, Inc.: Company Snapshot
Figure 31 Archer: Company Snapshot
Figure 32 Expro Group: Company Snapshot
Figure 33 Welltec: Company Snapshot
Figure 34 Trican: Company Snapshot

Note: Product cover images may vary from those shown
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  • Altus Intervention
  • Archer
  • Baker Hughes, A GE Company
  • C&J Energy Services, Inc.
  • Expro Group
  • Halliburton
  • Oilserv
  • Schlumberger Limited
  • Superior Energy Services, Inc.
  • Trican
  • Weatherford
  • Welltec
Note: Product cover images may vary from those shown
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