Well Intervention Market by Service (Logging and Bottomhole Survey, Tubing/Packer Failure and Repair, Stimulation), Intervention (Light, Medium, Heavy), Application (Onshore, Offshore) Well (Horizontal, Vertical) Region - Global Forecast to 2029
The Well Intervention market is expected to grow from an estimated USD 9.2 billion in 2024 to USD 11.3 billion by 2029, at a CAGR of 4.2% during the forecast period. The main driver for the well intervention market is the growing need to maximize the production potential of mature oil and gas fields. Growing demand for offshore and subsea well intervention and increasing oil and gas discoveries are expected to offer lucrative opportunities for the well intervention market during the forecast period.
“Onshore: The fastest segment of the Well Intervention market, by application”
Based on application, the Well Intervention market has been split into two types: Onshore and Offshore. The onshore segment is poised for rapid growth due to increasing oil and gas activities in regions like North America, Africa, and Asia Pacific, where onshore wells are prevalent. Additionally, technological advancements and the development of unconventional resources contribute to the surge in demand for well intervention services onshore. This segment benefits from cost efficiencies compared to offshore operations, driving its prominence in the market.
“Horizontal Well segment is expected to emerge as the largest segment based on well type.”
Based on well type, the Well Intervention market has been segmented into horizontal well and vertical well. The horizontal well segment is poised for dominance due to its extensive application in the oil and gas industry. Horizontal wells enhance reservoir performance by maximizing contact with hydrocarbon-bearing formations, thus increasing production rates. With continuous shale developments and the rising adoption of horizontal drilling techniques, particularly in regions like North America, this segment is projected to grow rapidly, contributing significantly to the overall well intervention market.
“Europe is expected to emerge as the second-largest region based on the Well Intervention market”
By region, the Well Intervention market has been segmented into Asia Pacific, North America, South America, Europe, and Middle East & Africa. Europe ranks as the second-largest market for well intervention due to its substantial oil and gas industry presence, particularly in countries like the United Kingdom, Norway, and Russia. The region's extensive offshore operations and significant onshore activities contribute to its prominent position in the global well intervention market. Moreover, Europe's well-established regulatory framework and technological advancements further bolster its market growth, making it a key oil and gas sector player.
“Stimulation is expected to be the fastest segment based on the service segment of the Well Intervention Market.”
Based on service, the Well Intervention market has been segment into; logging and bottom hole survey, tubing/packer failure & repair, stimulation, remedial cementing, zonal isolation, sand control services, artificial lift, fishing, re-perforation, and others. The stimulation segment's rapid growth in the well intervention market is driven by the need to enhance well productivity and recovery rates, with techniques like hydraulic fracturing, acidizing, and matrix treatments playing crucial roles. This segment is expected to expand significantly, particularly due to the surge in developments in unconventional oil and gas fields, notably in regions like North America.
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- 45%, Tier 2- 30%, and Tier 3- 25%
By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
By Region: North America- 35%, Europe- 20%, Asia Pacific- 33%, RoW-12%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The Well Intervention market is dominated by a few major players with a wide regional presence. The leading players are Halliburton (US), SLB (US), Baker Hughes (US), and Weatherford (US).
Research Coverage:
The report defines, describes, and forecasts the Well Intervention market, by service, intervention type, well type, 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
“Onshore: The fastest segment of the Well Intervention market, by application”
Based on application, the Well Intervention market has been split into two types: Onshore and Offshore. The onshore segment is poised for rapid growth due to increasing oil and gas activities in regions like North America, Africa, and Asia Pacific, where onshore wells are prevalent. Additionally, technological advancements and the development of unconventional resources contribute to the surge in demand for well intervention services onshore. This segment benefits from cost efficiencies compared to offshore operations, driving its prominence in the market.
“Horizontal Well segment is expected to emerge as the largest segment based on well type.”
Based on well type, the Well Intervention market has been segmented into horizontal well and vertical well. The horizontal well segment is poised for dominance due to its extensive application in the oil and gas industry. Horizontal wells enhance reservoir performance by maximizing contact with hydrocarbon-bearing formations, thus increasing production rates. With continuous shale developments and the rising adoption of horizontal drilling techniques, particularly in regions like North America, this segment is projected to grow rapidly, contributing significantly to the overall well intervention market.
“Europe is expected to emerge as the second-largest region based on the Well Intervention market”
By region, the Well Intervention market has been segmented into Asia Pacific, North America, South America, Europe, and Middle East & Africa. Europe ranks as the second-largest market for well intervention due to its substantial oil and gas industry presence, particularly in countries like the United Kingdom, Norway, and Russia. The region's extensive offshore operations and significant onshore activities contribute to its prominent position in the global well intervention market. Moreover, Europe's well-established regulatory framework and technological advancements further bolster its market growth, making it a key oil and gas sector player.
“Stimulation is expected to be the fastest segment based on the service segment of the Well Intervention Market.”
Based on service, the Well Intervention market has been segment into; logging and bottom hole survey, tubing/packer failure & repair, stimulation, remedial cementing, zonal isolation, sand control services, artificial lift, fishing, re-perforation, and others. The stimulation segment's rapid growth in the well intervention market is driven by the need to enhance well productivity and recovery rates, with techniques like hydraulic fracturing, acidizing, and matrix treatments playing crucial roles. This segment is expected to expand significantly, particularly due to the surge in developments in unconventional oil and gas fields, notably in regions like North America.
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- 45%, Tier 2- 30%, and Tier 3- 25%
By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
By Region: North America- 35%, Europe- 20%, Asia Pacific- 33%, RoW-12%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The Well Intervention market is dominated by a few major players with a wide regional presence. The leading players are Halliburton (US), SLB (US), Baker Hughes (US), and Weatherford (US).
Research Coverage:
The report defines, describes, and forecasts the Well Intervention market, by service, intervention type, well type, 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
- Growing need for maximizing production potential of mature oil & gas fields drive the market. Lack of consistent financial support for well intervention installation hinders the market growth. Rising need for replacement of inefficient boilers offer lucrative opportunities in the market. Limited adoption of fossil fuel-based well intervention systems are major challenges faced by the market.
- Product Development/ Innovation: The trends, such as the integration of tools, technologies, and equipment by major players, are allowing companies to perform complex interventions.
- Market Development: The market for well intervention is rising due to increased demand for enhancing well productivity and recovery rates. Techniques like hydraulic fracturing, acidizing, and matrix treatments are essential for optimizing reservoir performance, particularly in unconventional oil and gas fields, driving the market's growth globally.
- Market Diversification: Weatherford International launched ForeSite sense, a reservoir monitoring solution that provides real-time critical downhole data such as pressure, temperature, and flow measurements. ForeSite sense serves applications across mature wells, shale wells, and deepwater wells.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in the well intervention market, such as Halliburton (US), SLB (US), Baker Hughes (US), and Weatherford (US).
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED
1.3.3 INCLUSIONS AND EXCLUSIONS
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.8 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
2.2.1 SECONDARY DATA
2.2.1.1 Key secondary sources
2.2.1.2 Key data from secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 Participants for primary interviews
2.2.2.2 Key data from primary sources
2.2.2.3 Key industry insights
2.2.2.4 Breakdown of primaries
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
2.3.3 KEY INFLUENCING FACTORS/DRIVERS
2.3.3.1 Well count
2.3.3.2 Rig count
2.3.3.3 Crude oil prices
2.3.4 DEMAND-SIDE ANALYSIS
2.3.4.1 Country-level analysis
2.3.4.2 Demand-side calculations
2.3.4.3 Assumptions for demand-side analysis
2.3.5 SUPPLY-SIDE ANALYSIS
2.3.5.1 Supply-side calculations
2.3.5.2 Assumptions for supply-side analysis
2.4 FORECAST
2.5 RESEARCH ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
2.7 RISK ASSESSMENT
2.8 RECESSION IMPACT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN WELL INTERVENTION MARKET
4.2 WELL INTERVENTION MARKET, BY REGION
4.3 WELL INTERVENTION MARKET IN NORTH AMERICA, BY INTERVENTION TYPE AND COUNTRY
4.4 WELL INTERVENTION MARKET, BY SERVICE
4.5 WELL INTERVENTION MARKET, BY INTERVENTION TYPE
4.6 WELL INTERVENTION MARKET, BY WELL TYPE
4.7 WELL INTERVENTION MARKET, BY APPLICATION
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growing need to increase production potential of mature
oil & gas fields
5.2.1.2 Development of shale reservoirs
5.2.1.3 Increasing demand for oil & gas in Asia Pacific
5.2.2 RESTRAINTS
5.2.2.1 Strict government regulations pertaining to exploration and production activities
5.2.2.2 Declining oil demand in Europe
5.2.2.3 Volatility in oil prices and decline in upstream capital investments
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing oil & gas discoveries
5.2.3.2 Digitalization and automation of well intervention solutions
5.2.3.3 Growing demand for offshore and subsea well intervention
5.2.4 CHALLENGES
5.2.4.1 Complexities associated with well intervention operations in high-pressure, high-temperature (HPHT) environmental conditions
5.2.4.2 Implementation of artificial lift technologies in horizontal wells
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.4 VALUE CHAIN ANALYSIS
5.5 ECOSYSTEM ANALYSIS
5.6 CASE STUDY ANALYSIS
5.6.1 PROJECTS IN NORTH SEA AND GULF OF MEXICO ENHANCED WELL INTERVENTION IN OIL & GAS INDUSTRY
5.6.2 REPOSOL SINOPEC RESOURCES UK LTD REQUESTED EXPRO TO CONDUCT PRODUCT OPTIMIZATION STUDY
5.6.3 INDEPENDENT WELL OPERATOR IN TEXAS AND OKLAHOMA RESOLVED SUSTAINED CASING PRESSURE PROBLEMS USING SLB’S CEMPRIME SCRUB SPACER AND CEMFIT HEAL SYSTEM
5.7 TECHNOLOGY ANALYSIS
5.7.1 KEY TECHNOLOGIES
5.7.1.1 Reline mechanical non-slip (MNS)
5.7.1.2 Well integrity management systems
5.7.2 ADJACENT TECHNOLOGIES
5.7.2.1 Logging and data acquisition
5.7.2.2 Remote monitoring and control
5.7.3 COMPLIMENTARY TECHNOLOGIES
5.7.3.1 Artificial Intelligence (AI) and Machine Learning (ML)
5.7.3.2 Digital twin
5.8 TRADE ANALYSIS
5.8.1 EXPORT SCENARIO (HS CODE 730424)
5.8.2 IMPORT SCENARIO (HS CODE 730424)
5.8.3 IMPORT SCENARIO (HS CODE 730423)
5.8.4 EXPORT SCENARIO (HS CODE 730423)
5.9 PATENT ANALYSIS
5.10 KEY CONFERENCES AND EVENTS, 2024–2025
5.11 PRICING ANALYSIS
5.11.1 AVERAGE SELLING PRICE (ASP) TREND, BY REGION
5.11.2 INDICATIVE PRICING TREND, BY APPLICATION
5.12 INVESTMENT AND FUNDING SCENARIO
5.13 TARIFF AND REGULATORY LANDSCAPE
5.13.1 TARIFF ANALYSIS
5.13.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13.3 REGULATORY FRAMEWORK
5.14 PORTER’S FIVE FORCES ANALYSIS
5.14.1 THREAT OF NEW ENTRANTS
5.14.2 BARGAINING POWER OF SUPPLIERS
5.14.3 BARGAINING POWER OF BUYERS
5.14.4 THREAT OF SUBSTITUTES
5.14.5 INTENSITY OF COMPETITIVE RIVALRY
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.15.2 BUYING CRITERIA
6 WELL INTERVENTION MARKET, BY WELL TYPE
6.1 INTRODUCTION
6.2 HORIZONTAL WELL
6.2.1 SHALE DEVELOPMENTS TO BOOST SEGMENTAL GROWTH
6.3 VERTICAL WELL
6.3.1 INCREASING COUNT OF MATURE CONVENTIONAL FIELDS TO DRIVE MARKET
7 WELL INTERVENTION MARKET, BY INTERVENTION TYPE
7.1 INTRODUCTION
7.2 LIGHT INTERVENTION
7.2.1 INCREASING DEMAND FOR COILED TUBING SERVICES TO CONDUCT WELL INTERVENTION ACTIVITIES TO DRIVE MARKET
7.3 MEDIUM INTERVENTION
7.3.1 RISING DEVELOPMENTS IN UNCONVENTIONAL RESERVES WITH SUPPORT OF SNUBBING UNITS TO BOOST MARKET GROWTH
7.4 HEAVY INTERVENTION
7.4.1 DEVELOPMENTS IN MATURE FIELDS TO DRIVE DEMAND
8 WELL INTERVENTION MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 ONSHORE
8.2.1 INCREASING NUMBER OF ONSHORE OIL & GAS AND MATURE FIELDS TO DRIVE DEMAND
8.3 OFFSHORE
8.3.1 SHALLOW WATER
8.3.1.1 Maturing shallow oilfields in Middle East and Europe to fuel demand
8.3.2 DEEPWATER
8.3.2.1 Increase in deepwater exploration and production to create growth opportunities for market players
8.3.3 ULTRA-DEEPWATER
8.3.3.1 Critical environmental conditions in ultra-deepwater locations to drive demand
9 WELL INTERVENTION MARKET, BY SERVICE
9.1 INTRODUCTION
9.2 LOGGING & BOTTOMHOLE SURVEY
9.2.1 GROWING NEED TO ENHANCE WELL INTERVENTION EFFICIENCY THROUGH ADVANCED LOGGING & BOTTOMHOLE SURVEYS TO DRIVE MARKET
9.3 TUBING/PACKER FAILURE AND REPAIR
9.3.1 NEED TO MAINTAIN WELL INTEGRITY AND REDUCE DOWNTIME TO DRIVE DEMAND
9.4 STIMULATION
9.4.1 NEED FOR IMPROVED HYDROCARBON RECOVERY TO BOOST MARKET GROWTH
9.5 REMEDIAL CEMENTING
9.5.1 NEED TO RESTORE WELLBORE INTEGRITY TO DRIVE DEMAND
9.6 ZONAL ISOLATION
9.6.1 INCREASING OIL & GAS PRODUCTION FROM MATURE AND HORIZONTAL WELLS TO DRIVE MARKET
9.7 SAND CONTROL
9.7.1 REDEVELOPMENT OF AGING RESERVOIRS TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS
9.8 ARTIFICIAL LIFT
9.8.1 NEED TO ENHANCE FLOW RATES AND MAINTAIN WELL PRODUCTION TO DRIVE DEMAND
9.9 FISHING
9.9.1 RISING DEMAND FOR EFFICIENCY AND COST-EFFECTIVENESS IN WELL INTERVENTION SERVICES TO DRIVE MARKET
9.10 RE-PERFORATION
9.10.1 GROWING PRODUCTION FROM MATURE WELLS TO SUPPORT MARKET GROWTH
9.11 OTHERS
10 WELL INTERVENTION MARKET, BY REGION
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 IMPACT OF RECESSION ON WELL INTERVENTION MARKET IN NORTH AMERICA
10.2.2 US
10.2.2.1 Increasing production from mature shale and tight oil reserves to drive demand
10.2.3 CANADA
10.2.3.1 Potential drilling of oil sands and increase in onshore oil production to boost demand
10.2.4 MEXICO
10.2.4.1 Increasing investments in enhancing production from aging fields and developing shale resources to drive market
10.3 EUROPE
10.3.1 IMPACT OF RECESSION ON WELL INTERVENTION MARKET IN EUROPE
10.3.2 RUSSIA
10.3.2.1 Increasing exploration and production activities to drive market
10.3.3 NORWAY
10.3.3.1 Rapidly depleting mature oil & gas fields and increase in exploration activities in Norwegian Continental Shelf (NCS) to fuel demand
10.3.4 UK
10.3.4.1 Maximizing production potential in brownfields to fuel market growth
10.3.5 DENMARK
10.3.5.1 Redevelopment of mature offshore fields to drive market
10.3.6 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 IMPACT OF RECESSION ON WELL INTERVENTION MARKET IN ASIA PACIFIC
10.4.2 CHINA
10.4.2.1 Increasing exploration and production from unconventional resources to fuel market growth
10.4.3 INDIA
10.4.3.1 Redevelopment of legacy oilfields and government initiatives to improve exploration activities to drive market
10.4.4 AUSTRALIA
10.4.4.1 Development of unconventional shale resources and focus on redeveloping mature fields to create growth opportunities for market players
10.4.5 INDONESIA
10.4.5.1 Steep decline in production from mature fields to fuel demand
10.4.6 MALAYSIA
10.4.6.1 Increasing capital expenditure on exploration and drilling activities to boost market growth
10.4.7 REST OF ASIA PACIFIC
10.5 AFRICA
10.5.1 IMPACT OF RECESSION ON WELL INTERVENTION MARKET IN AFRICA
10.5.2 NIGERIA
10.5.2.1 Rise in exploration activities and developments in mature oil & gas fields to boost market growth
10.5.3 ALGERIA
10.5.3.1 Initiatives to increase exploration activities to support market growth
10.5.4 ANGOLA
10.5.4.1 Government-led incentives and initiatives to develop oil reserves to drive demand
10.5.5 REST OF AFRICA
10.6 MIDDLE EAST
10.6.1 IMPACT OF RECESSION ON WELL INTERVENTION MARKET IN MIDDLE EAST
10.6.2 GCC
10.6.2.1 Saudi Arabia
10.6.2.1.1 Increased crude production from onshore fields and surge in offshore exploration to drive market
10.6.2.2 UAE
10.6.2.2.1 Rising focus on increasing oil production per day to fuel demand
10.6.2.3 Rest of GCC
10.6.3 IRAQ
10.6.3.1 Increasing onshore well drilling activities to create growth opportunities for market players
10.6.4 IRAN
10.6.4.1 Large oil reserves and high oil exploration to drive market
10.6.5 REST OF MIDDLE EAST
10.7 SOUTH & CENTRAL AMERICA
10.7.1 BRAZIL
10.7.1.1 Increasing offshore exploration and production activities to boost market growth
10.7.2 VENEZUELA
10.7.2.1 Government-led initiates to revitalize oil production activities to
fuel demand
10.7.3 ARGENTINA
10.7.3.1 Shale developments to create potential demand
10.7.4 REST OF SOUTH & CENTRAL AMERICA
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024
11.3 MARKET SHARE ANALYSIS, 2023
11.4 MARKET EVALUATION FRAMEWORK
11.5 REVENUE ANALYSIS, 2019–2023
11.6 COMPANY VALUATION AND FINANCIAL METRICS
11.7 BRAND/PRODUCT COMPARISON
11.8 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
11.8.1 STARS
11.8.2 PERVASIVE PLAYERS
11.8.3 EMERGING LEADERS
11.8.4 PARTICIPANTS
11.8.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
11.8.5.1 Company footprint
11.8.5.2 Region footprint
11.8.5.3 Service footprint
11.8.5.4 Application footprint
11.8.5.5 Intervention type footprint
11.9 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
11.9.1 PROGRESSIVE COMPANIES
11.9.2 RESPONSIVE COMPANIES
11.9.3 DYNAMIC COMPANIES
11.9.4 STARTING BLOCKS
11.9.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
11.9.5.1 Detailed list of key startups/SMEs
11.9.5.2 Competitive benchmarking of key startups/SMEs
11.10 COMPETITIVE SCENARIOS AND TRENDS
11.10.1 PRODUCT LAUNCHES
11.10.2 DEALS
11.10.3 OTHERS
12 COMPANY PROFILES
12.1 KEY PLAYERS
12.1.1 SLB
12.1.1.1 Business overview
12.1.1.2 Products/Services/Solutions offered
12.1.1.3 Recent developments
12.1.1.3.1 Product launches
12.1.1.3.2 Deals
12.1.1.3.3 Expansions
12.1.1.3.4 Others
12.1.1.4 MnM view
12.1.1.4.1 Key strengths/Right to win
12.1.1.4.2 Strategic choices
12.1.1.4.3 Weaknesses/Competitive threats
12.1.2 HALLIBURTON
12.1.2.1 Business overview
12.1.2.2 Products/Services/Solutions offered
12.1.2.3 Recent developments
12.1.2.3.1 Product launches
12.1.2.3.2 Deals
12.1.2.3.3 Others
12.1.2.4 MnM view
12.1.2.4.1 Key strengths/Right to win
12.1.2.4.2 Strategic choices
12.1.2.4.3 Weaknesses/Competitive threats
12.1.3 BAKER HUGHES
12.1.3.1 Business overview
12.1.3.2 Products/Services/Solutions offered
12.1.3.3 Recent developments
12.1.3.3.1 Product launches
12.1.3.3.2 Deals
12.1.3.3.3 Others
12.1.3.4 MnM view
12.1.3.4.1 Key strengths/Right to win
12.1.3.4.2 Strategic choices
12.1.3.4.3 Weaknesses/Competitive threats
12.1.4 WEATHERFORD
12.1.4.1 Business overview
12.1.4.2 Products/Services/Solutions offered
12.1.4.3 Recent developments
12.1.4.3.1 Product launches
12.1.4.3.2 Deals
12.1.4.3.3 Others
12.1.4.4 MnM view
12.1.4.4.1 Key strengths/Right to win
12.1.4.4.2 Strategic choices
12.1.4.4.3 Weaknesses/Competitive threats
12.1.5 ARCHER
12.1.5.1 Business overview
12.1.5.2 Products/Services/Solutions offered
12.1.5.3 Recent developments
12.1.5.3.1 Deals
12.1.5.3.2 Others
12.1.5.4 MnM view
12.1.5.4.1 Key strengths/Right to win
12.1.5.4.2 Strategic choices
12.1.5.4.3 Weaknesses/Competitive threats
12.1.6 EXPRO GROUP
12.1.6.1 Business overview
12.1.6.2 Products/Services/Solutions offered
12.1.6.3 Recent developments
12.1.6.3.1 Deals
12.1.6.3.2 Others
12.1.7 TRICAN.
12.1.7.1 Business overview
12.1.7.2 Products/Services/Solutions offered
12.1.8 PATTERSON-UTI
12.1.8.1 Business overview
12.1.8.2 Products/Services/Solutions offered
12.1.8.3 Recent developments
12.1.8.3.1 Deals
12.1.9 NINE ENERGY SERVICE
12.1.9.1 Business overview
12.1.9.2 Products/Services/Solutions offered
12.1.9.3 Recent developments
12.1.9.3.1 Expansions
12.1.10 KEY ENERGY SERVICES
12.1.10.1 Business overview
12.1.10.2 Products/Services/Solutions offered
12.1.10.3 Recent developments
12.1.10.3.1 Deals
12.1.11 FORUM ENERGY TECHNOLOGIES, INC.
12.1.11.1 Business overview
12.1.11.2 Products/Services/Solutions offered
12.1.11.3 Recent developments
12.1.11.3.1 Others
12.1.12 OCEANEERING INTERNATIONAL, INC.
12.1.12.1 Business overview
12.1.12.2 Products/Services/Solutions offered
12.1.12.3 Recent developments
12.1.12.3.1 Deals
12.1.12.3.2 Others
12.1.13 INTERVENTEK SUBSEA ENGINEERING
12.1.13.1 Business overview
12.1.13.2 Products/Services/Solutions offered
12.1.13.3 Recent developments
12.1.13.3.1 Product launches
12.1.13.3.2 Deals
12.1.14 AJ LUCAS GROUP
12.1.14.1 Business overview
12.1.14.2 Products/Services/Solutions offered
12.1.14.3 Recent developments
12.1.14.3.1 Deals
12.1.15 CHINA OILFIELD SERVICES LIMITED
12.1.15.1 Business overview
12.1.15.2 Products/Services/Solutions offered
12.1.15.3 Recent developments
12.1.15.3.1 Others
12.2 OTHER PLAYERS
12.2.1 OILSERV
12.2.2 AKOFS OFFSHORE
12.2.3 TAQA KSA
12.2.4 WELLTEC
12.2.5 HUNTING PLC
12.2.6 HELIX ENERGY
12.2.7 NOV
12.2.8 SUPERIOR ENERGY SERVICES
12.2.9 STEP ENERGY SERVICES
12.2.10 PROWELL ENERGY
13 APPENDIX
13.1 INSIGHTS FROM INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 CUSTOMIZATION OPTIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED
1.3.3 INCLUSIONS AND EXCLUSIONS
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.8 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
2.2.1 SECONDARY DATA
2.2.1.1 Key secondary sources
2.2.1.2 Key data from secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 Participants for primary interviews
2.2.2.2 Key data from primary sources
2.2.2.3 Key industry insights
2.2.2.4 Breakdown of primaries
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
2.3.3 KEY INFLUENCING FACTORS/DRIVERS
2.3.3.1 Well count
2.3.3.2 Rig count
2.3.3.3 Crude oil prices
2.3.4 DEMAND-SIDE ANALYSIS
2.3.4.1 Country-level analysis
2.3.4.2 Demand-side calculations
2.3.4.3 Assumptions for demand-side analysis
2.3.5 SUPPLY-SIDE ANALYSIS
2.3.5.1 Supply-side calculations
2.3.5.2 Assumptions for supply-side analysis
2.4 FORECAST
2.5 RESEARCH ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
2.7 RISK ASSESSMENT
2.8 RECESSION IMPACT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN WELL INTERVENTION MARKET
4.2 WELL INTERVENTION MARKET, BY REGION
4.3 WELL INTERVENTION MARKET IN NORTH AMERICA, BY INTERVENTION TYPE AND COUNTRY
4.4 WELL INTERVENTION MARKET, BY SERVICE
4.5 WELL INTERVENTION MARKET, BY INTERVENTION TYPE
4.6 WELL INTERVENTION MARKET, BY WELL TYPE
4.7 WELL INTERVENTION MARKET, BY APPLICATION
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growing need to increase production potential of mature
oil & gas fields
5.2.1.2 Development of shale reservoirs
5.2.1.3 Increasing demand for oil & gas in Asia Pacific
5.2.2 RESTRAINTS
5.2.2.1 Strict government regulations pertaining to exploration and production activities
5.2.2.2 Declining oil demand in Europe
5.2.2.3 Volatility in oil prices and decline in upstream capital investments
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing oil & gas discoveries
5.2.3.2 Digitalization and automation of well intervention solutions
5.2.3.3 Growing demand for offshore and subsea well intervention
5.2.4 CHALLENGES
5.2.4.1 Complexities associated with well intervention operations in high-pressure, high-temperature (HPHT) environmental conditions
5.2.4.2 Implementation of artificial lift technologies in horizontal wells
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.4 VALUE CHAIN ANALYSIS
5.5 ECOSYSTEM ANALYSIS
5.6 CASE STUDY ANALYSIS
5.6.1 PROJECTS IN NORTH SEA AND GULF OF MEXICO ENHANCED WELL INTERVENTION IN OIL & GAS INDUSTRY
5.6.2 REPOSOL SINOPEC RESOURCES UK LTD REQUESTED EXPRO TO CONDUCT PRODUCT OPTIMIZATION STUDY
5.6.3 INDEPENDENT WELL OPERATOR IN TEXAS AND OKLAHOMA RESOLVED SUSTAINED CASING PRESSURE PROBLEMS USING SLB’S CEMPRIME SCRUB SPACER AND CEMFIT HEAL SYSTEM
5.7 TECHNOLOGY ANALYSIS
5.7.1 KEY TECHNOLOGIES
5.7.1.1 Reline mechanical non-slip (MNS)
5.7.1.2 Well integrity management systems
5.7.2 ADJACENT TECHNOLOGIES
5.7.2.1 Logging and data acquisition
5.7.2.2 Remote monitoring and control
5.7.3 COMPLIMENTARY TECHNOLOGIES
5.7.3.1 Artificial Intelligence (AI) and Machine Learning (ML)
5.7.3.2 Digital twin
5.8 TRADE ANALYSIS
5.8.1 EXPORT SCENARIO (HS CODE 730424)
5.8.2 IMPORT SCENARIO (HS CODE 730424)
5.8.3 IMPORT SCENARIO (HS CODE 730423)
5.8.4 EXPORT SCENARIO (HS CODE 730423)
5.9 PATENT ANALYSIS
5.10 KEY CONFERENCES AND EVENTS, 2024–2025
5.11 PRICING ANALYSIS
5.11.1 AVERAGE SELLING PRICE (ASP) TREND, BY REGION
5.11.2 INDICATIVE PRICING TREND, BY APPLICATION
5.12 INVESTMENT AND FUNDING SCENARIO
5.13 TARIFF AND REGULATORY LANDSCAPE
5.13.1 TARIFF ANALYSIS
5.13.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13.3 REGULATORY FRAMEWORK
5.14 PORTER’S FIVE FORCES ANALYSIS
5.14.1 THREAT OF NEW ENTRANTS
5.14.2 BARGAINING POWER OF SUPPLIERS
5.14.3 BARGAINING POWER OF BUYERS
5.14.4 THREAT OF SUBSTITUTES
5.14.5 INTENSITY OF COMPETITIVE RIVALRY
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.15.2 BUYING CRITERIA
6 WELL INTERVENTION MARKET, BY WELL TYPE
6.1 INTRODUCTION
6.2 HORIZONTAL WELL
6.2.1 SHALE DEVELOPMENTS TO BOOST SEGMENTAL GROWTH
6.3 VERTICAL WELL
6.3.1 INCREASING COUNT OF MATURE CONVENTIONAL FIELDS TO DRIVE MARKET
7 WELL INTERVENTION MARKET, BY INTERVENTION TYPE
7.1 INTRODUCTION
7.2 LIGHT INTERVENTION
7.2.1 INCREASING DEMAND FOR COILED TUBING SERVICES TO CONDUCT WELL INTERVENTION ACTIVITIES TO DRIVE MARKET
7.3 MEDIUM INTERVENTION
7.3.1 RISING DEVELOPMENTS IN UNCONVENTIONAL RESERVES WITH SUPPORT OF SNUBBING UNITS TO BOOST MARKET GROWTH
7.4 HEAVY INTERVENTION
7.4.1 DEVELOPMENTS IN MATURE FIELDS TO DRIVE DEMAND
8 WELL INTERVENTION MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 ONSHORE
8.2.1 INCREASING NUMBER OF ONSHORE OIL & GAS AND MATURE FIELDS TO DRIVE DEMAND
8.3 OFFSHORE
8.3.1 SHALLOW WATER
8.3.1.1 Maturing shallow oilfields in Middle East and Europe to fuel demand
8.3.2 DEEPWATER
8.3.2.1 Increase in deepwater exploration and production to create growth opportunities for market players
8.3.3 ULTRA-DEEPWATER
8.3.3.1 Critical environmental conditions in ultra-deepwater locations to drive demand
9 WELL INTERVENTION MARKET, BY SERVICE
9.1 INTRODUCTION
9.2 LOGGING & BOTTOMHOLE SURVEY
9.2.1 GROWING NEED TO ENHANCE WELL INTERVENTION EFFICIENCY THROUGH ADVANCED LOGGING & BOTTOMHOLE SURVEYS TO DRIVE MARKET
9.3 TUBING/PACKER FAILURE AND REPAIR
9.3.1 NEED TO MAINTAIN WELL INTEGRITY AND REDUCE DOWNTIME TO DRIVE DEMAND
9.4 STIMULATION
9.4.1 NEED FOR IMPROVED HYDROCARBON RECOVERY TO BOOST MARKET GROWTH
9.5 REMEDIAL CEMENTING
9.5.1 NEED TO RESTORE WELLBORE INTEGRITY TO DRIVE DEMAND
9.6 ZONAL ISOLATION
9.6.1 INCREASING OIL & GAS PRODUCTION FROM MATURE AND HORIZONTAL WELLS TO DRIVE MARKET
9.7 SAND CONTROL
9.7.1 REDEVELOPMENT OF AGING RESERVOIRS TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS
9.8 ARTIFICIAL LIFT
9.8.1 NEED TO ENHANCE FLOW RATES AND MAINTAIN WELL PRODUCTION TO DRIVE DEMAND
9.9 FISHING
9.9.1 RISING DEMAND FOR EFFICIENCY AND COST-EFFECTIVENESS IN WELL INTERVENTION SERVICES TO DRIVE MARKET
9.10 RE-PERFORATION
9.10.1 GROWING PRODUCTION FROM MATURE WELLS TO SUPPORT MARKET GROWTH
9.11 OTHERS
10 WELL INTERVENTION MARKET, BY REGION
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 IMPACT OF RECESSION ON WELL INTERVENTION MARKET IN NORTH AMERICA
10.2.2 US
10.2.2.1 Increasing production from mature shale and tight oil reserves to drive demand
10.2.3 CANADA
10.2.3.1 Potential drilling of oil sands and increase in onshore oil production to boost demand
10.2.4 MEXICO
10.2.4.1 Increasing investments in enhancing production from aging fields and developing shale resources to drive market
10.3 EUROPE
10.3.1 IMPACT OF RECESSION ON WELL INTERVENTION MARKET IN EUROPE
10.3.2 RUSSIA
10.3.2.1 Increasing exploration and production activities to drive market
10.3.3 NORWAY
10.3.3.1 Rapidly depleting mature oil & gas fields and increase in exploration activities in Norwegian Continental Shelf (NCS) to fuel demand
10.3.4 UK
10.3.4.1 Maximizing production potential in brownfields to fuel market growth
10.3.5 DENMARK
10.3.5.1 Redevelopment of mature offshore fields to drive market
10.3.6 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 IMPACT OF RECESSION ON WELL INTERVENTION MARKET IN ASIA PACIFIC
10.4.2 CHINA
10.4.2.1 Increasing exploration and production from unconventional resources to fuel market growth
10.4.3 INDIA
10.4.3.1 Redevelopment of legacy oilfields and government initiatives to improve exploration activities to drive market
10.4.4 AUSTRALIA
10.4.4.1 Development of unconventional shale resources and focus on redeveloping mature fields to create growth opportunities for market players
10.4.5 INDONESIA
10.4.5.1 Steep decline in production from mature fields to fuel demand
10.4.6 MALAYSIA
10.4.6.1 Increasing capital expenditure on exploration and drilling activities to boost market growth
10.4.7 REST OF ASIA PACIFIC
10.5 AFRICA
10.5.1 IMPACT OF RECESSION ON WELL INTERVENTION MARKET IN AFRICA
10.5.2 NIGERIA
10.5.2.1 Rise in exploration activities and developments in mature oil & gas fields to boost market growth
10.5.3 ALGERIA
10.5.3.1 Initiatives to increase exploration activities to support market growth
10.5.4 ANGOLA
10.5.4.1 Government-led incentives and initiatives to develop oil reserves to drive demand
10.5.5 REST OF AFRICA
10.6 MIDDLE EAST
10.6.1 IMPACT OF RECESSION ON WELL INTERVENTION MARKET IN MIDDLE EAST
10.6.2 GCC
10.6.2.1 Saudi Arabia
10.6.2.1.1 Increased crude production from onshore fields and surge in offshore exploration to drive market
10.6.2.2 UAE
10.6.2.2.1 Rising focus on increasing oil production per day to fuel demand
10.6.2.3 Rest of GCC
10.6.3 IRAQ
10.6.3.1 Increasing onshore well drilling activities to create growth opportunities for market players
10.6.4 IRAN
10.6.4.1 Large oil reserves and high oil exploration to drive market
10.6.5 REST OF MIDDLE EAST
10.7 SOUTH & CENTRAL AMERICA
10.7.1 BRAZIL
10.7.1.1 Increasing offshore exploration and production activities to boost market growth
10.7.2 VENEZUELA
10.7.2.1 Government-led initiates to revitalize oil production activities to
fuel demand
10.7.3 ARGENTINA
10.7.3.1 Shale developments to create potential demand
10.7.4 REST OF SOUTH & CENTRAL AMERICA
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024
11.3 MARKET SHARE ANALYSIS, 2023
11.4 MARKET EVALUATION FRAMEWORK
11.5 REVENUE ANALYSIS, 2019–2023
11.6 COMPANY VALUATION AND FINANCIAL METRICS
11.7 BRAND/PRODUCT COMPARISON
11.8 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
11.8.1 STARS
11.8.2 PERVASIVE PLAYERS
11.8.3 EMERGING LEADERS
11.8.4 PARTICIPANTS
11.8.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
11.8.5.1 Company footprint
11.8.5.2 Region footprint
11.8.5.3 Service footprint
11.8.5.4 Application footprint
11.8.5.5 Intervention type footprint
11.9 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
11.9.1 PROGRESSIVE COMPANIES
11.9.2 RESPONSIVE COMPANIES
11.9.3 DYNAMIC COMPANIES
11.9.4 STARTING BLOCKS
11.9.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
11.9.5.1 Detailed list of key startups/SMEs
11.9.5.2 Competitive benchmarking of key startups/SMEs
11.10 COMPETITIVE SCENARIOS AND TRENDS
11.10.1 PRODUCT LAUNCHES
11.10.2 DEALS
11.10.3 OTHERS
12 COMPANY PROFILES
12.1 KEY PLAYERS
12.1.1 SLB
12.1.1.1 Business overview
12.1.1.2 Products/Services/Solutions offered
12.1.1.3 Recent developments
12.1.1.3.1 Product launches
12.1.1.3.2 Deals
12.1.1.3.3 Expansions
12.1.1.3.4 Others
12.1.1.4 MnM view
12.1.1.4.1 Key strengths/Right to win
12.1.1.4.2 Strategic choices
12.1.1.4.3 Weaknesses/Competitive threats
12.1.2 HALLIBURTON
12.1.2.1 Business overview
12.1.2.2 Products/Services/Solutions offered
12.1.2.3 Recent developments
12.1.2.3.1 Product launches
12.1.2.3.2 Deals
12.1.2.3.3 Others
12.1.2.4 MnM view
12.1.2.4.1 Key strengths/Right to win
12.1.2.4.2 Strategic choices
12.1.2.4.3 Weaknesses/Competitive threats
12.1.3 BAKER HUGHES
12.1.3.1 Business overview
12.1.3.2 Products/Services/Solutions offered
12.1.3.3 Recent developments
12.1.3.3.1 Product launches
12.1.3.3.2 Deals
12.1.3.3.3 Others
12.1.3.4 MnM view
12.1.3.4.1 Key strengths/Right to win
12.1.3.4.2 Strategic choices
12.1.3.4.3 Weaknesses/Competitive threats
12.1.4 WEATHERFORD
12.1.4.1 Business overview
12.1.4.2 Products/Services/Solutions offered
12.1.4.3 Recent developments
12.1.4.3.1 Product launches
12.1.4.3.2 Deals
12.1.4.3.3 Others
12.1.4.4 MnM view
12.1.4.4.1 Key strengths/Right to win
12.1.4.4.2 Strategic choices
12.1.4.4.3 Weaknesses/Competitive threats
12.1.5 ARCHER
12.1.5.1 Business overview
12.1.5.2 Products/Services/Solutions offered
12.1.5.3 Recent developments
12.1.5.3.1 Deals
12.1.5.3.2 Others
12.1.5.4 MnM view
12.1.5.4.1 Key strengths/Right to win
12.1.5.4.2 Strategic choices
12.1.5.4.3 Weaknesses/Competitive threats
12.1.6 EXPRO GROUP
12.1.6.1 Business overview
12.1.6.2 Products/Services/Solutions offered
12.1.6.3 Recent developments
12.1.6.3.1 Deals
12.1.6.3.2 Others
12.1.7 TRICAN.
12.1.7.1 Business overview
12.1.7.2 Products/Services/Solutions offered
12.1.8 PATTERSON-UTI
12.1.8.1 Business overview
12.1.8.2 Products/Services/Solutions offered
12.1.8.3 Recent developments
12.1.8.3.1 Deals
12.1.9 NINE ENERGY SERVICE
12.1.9.1 Business overview
12.1.9.2 Products/Services/Solutions offered
12.1.9.3 Recent developments
12.1.9.3.1 Expansions
12.1.10 KEY ENERGY SERVICES
12.1.10.1 Business overview
12.1.10.2 Products/Services/Solutions offered
12.1.10.3 Recent developments
12.1.10.3.1 Deals
12.1.11 FORUM ENERGY TECHNOLOGIES, INC.
12.1.11.1 Business overview
12.1.11.2 Products/Services/Solutions offered
12.1.11.3 Recent developments
12.1.11.3.1 Others
12.1.12 OCEANEERING INTERNATIONAL, INC.
12.1.12.1 Business overview
12.1.12.2 Products/Services/Solutions offered
12.1.12.3 Recent developments
12.1.12.3.1 Deals
12.1.12.3.2 Others
12.1.13 INTERVENTEK SUBSEA ENGINEERING
12.1.13.1 Business overview
12.1.13.2 Products/Services/Solutions offered
12.1.13.3 Recent developments
12.1.13.3.1 Product launches
12.1.13.3.2 Deals
12.1.14 AJ LUCAS GROUP
12.1.14.1 Business overview
12.1.14.2 Products/Services/Solutions offered
12.1.14.3 Recent developments
12.1.14.3.1 Deals
12.1.15 CHINA OILFIELD SERVICES LIMITED
12.1.15.1 Business overview
12.1.15.2 Products/Services/Solutions offered
12.1.15.3 Recent developments
12.1.15.3.1 Others
12.2 OTHER PLAYERS
12.2.1 OILSERV
12.2.2 AKOFS OFFSHORE
12.2.3 TAQA KSA
12.2.4 WELLTEC
12.2.5 HUNTING PLC
12.2.6 HELIX ENERGY
12.2.7 NOV
12.2.8 SUPERIOR ENERGY SERVICES
12.2.9 STEP ENERGY SERVICES
12.2.10 PROWELL ENERGY
13 APPENDIX
13.1 INSIGHTS FROM INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 CUSTOMIZATION OPTIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
