Title: Well Intervention Market trends research and projections for 2016 – 2024
1Well Intervention Market Price, Packaging Trends,
Industry Outlook Forecast 2016-2024
2Global 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. - 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.
3 Continue
- 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. - Reasons to Buy This Report
- 1. Well Intervention size share forecast
by product application, 2016-2024 - 2. Growth drivers, pitfalls industry
challenges - 3. Well Intervention Market growth
opportunities emerging business models - 4. Competitive benchmarking with market
share analysis and company profiles - 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. - The introduction of specialized vessels for well
intervention are having a decent potential
towards the industry growth. Well intervention
operations can be applied in onshore and offshore
which embraces light, medium and heavy well
intervention. Light well intervention reduces the
cost up to one-third resulting in better
exploitation of wells.
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