Results for tag: "Rigless Intervention System"

The Rigless Intervention System market is a subset of the Oilfield Equipment and Services industry. It is a specialized system that enables the completion of well intervention operations without the need for a drilling rig. This system is used to perform a variety of tasks, such as well logging, perforating, and testing, as well as to install and retrieve downhole tools. It is a cost-effective and efficient alternative to traditional rig-based operations, as it eliminates the need for costly and time-consuming rig mobilization and demobilization. The Rigless Intervention System market is expected to grow in the coming years due to the increasing demand for well intervention operations and the need for cost-effective solutions. This growth is driven by the increasing number of mature oil and gas fields, as well as the need to maximize production from existing wells. Some of the major players in the Rigless Intervention System market include Schlumberger, Halliburton, Weatherford, Baker Hughes, and National Oilwell Varco. Show Less Read more