2017 Outlook: Global Well Intervention Market Is Trending Upwards

1
Well Intervention Market Growth, Trends
Forecast 2016 2024
2
Global Market Scenario of Well Intervention
industry

• Global Well Intervention Market size is set to
  grow substantially during the forecast timeline.
  Rapid depletion of oil reserves coupled with
  increasing oil demand will positively influence
  the global industry outlook.
• Well intervention is a club of operations carried
  out to manage the production of an oil and gas
  well. Well intervention operations are carried
  out for improving production, repairs and well
  maintenance.
• Global energy demand subject to rapid
  industrialization and urbanization requires
  enhanced production which will provide a massive
  hike to the well intervention market. The
  stakeholders of the well intervention industry
  are oilfield service companies, oil and gas field
  operators, national oil companies and government
  and industry associations.

3
Continue.....

• Rise in deep water and ultra-deep water drilling
  will increase the demand for applications in the
  well intervention market. Flow restrictions to
  oil in wells, changes in reservoir conditions,
  excessive sand production, mechanical failure,
  weight restrictions and limited space on
  platforms will positively impact the industry
  growth.
• Demand for intervention services is increasing on
  account of their capability to extract oil and
  gas from aging brown fields. New discoveries and
  pressure to improve recovery rates increases the
  demand for subsea intervention.
• Well intervention is cheaper, quicker, less
  risky, yields higher returns and reduces the
  operating expenses per barrel. Surge in subsea
  recovery in last couple of years to receive the
  available hydrocarbons is driving the business
  growth.
• Substantial gap of 25-40 in recovery rates of
  subsea and platform wells, increase the demand
  for cost efficient solutions in the well
  intervention market. Cost of well intervention
  depends on the level of ongoing investments in
  the energy industry.

4

• Stringent government regulations including Oil
  Spill Prevention, Control and Countermeasure
  (SPCC) administered by the United States
  Environment Protection Agency regarding oil and
  gas leaks, National Primary Drinking Water
  Regulation (NPDWR) for water contamination and
  public health are the restraining factors faced
  by this industry.
• Volatility in oil prices has an inverse effect on
  the well intervention market growth.
• Well intervention services include logging and
  bottom-hole survey, coiled tubing, wireline,
  tractors, hydraulic workover, stimulation, zonal
  isolation, remedial cementing services and
  reperforations. The logging and bottom-hole
  survey and coiled tubing is expected to dominate
  the well intervention market with stimulation
  services showing highest growth rate.

5

Latest Research Report On Well Intervention
Market Report _at_ http//bit.ly/2nIvyuV
Request Table Of Contents of this report_at_
http//bit.ly/2oGIbrt
6

Regional Analysis

• In North America, heavy investments in oil field
  developments will attract this business.
• The U.S. has raised the momentum of exploration
  and production driving the business. Adoption of
  well intervention in shale and oil wells will
  boost the industry in the U.S. Introduction of
  Riserless Coiled tubing technique in Mexico is
  driving the well intervention market.
• Shift to renewables in some parts of Europe is
  showing sluggish growth for the well intervention
  market.

7
Stay In Touch You can visit us at
www.gminsights.com
Thank You