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Well Intervention Market by Service (Logging & Bottomhole Survey, Tubing/Packer Failure & Repair, Stimulation, Artificial Lift), Type (Light, Medium, Heavy) Application (Onshore, Offshore) Well (Horizontal, Vertical) Region - Global Forecast to 2024

July 2019 | 190 pages | ID: WC12AA78029EN
MarketsandMarkets

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“The well intervention market is projected to grow at a CAGR of 5.7% from 2019 to 2024”

The well intervention market is projected to reach USD 11.6 billion by 2024 from an estimated USD 8.8 billion in 2019, at a CAGR of 5.7% during the forecast period. Rising production from the existing oil & gas reserves has driven the well intervention market growth. Furthermore, shale developments and rising drilling activities are driving the market. However, declining oil demand from Europe due to the transition towards renewables is likely to hamper the growth of well intervention market.

“The horizontal segment, by well type, is expected to be the largest and the fastest growing market from 2019 to 2024”

The well type segment is categorized as horizontal and vertical, the two drilling methods adopted by companies. In 2018, horizontal wells accounted for about 70% of the wells drilled globally. This is majorly due to the increasing drilling activities in the Middle East and Europe, where horizontal drilling is more prominent. More well intervention operations are required in horizontal wells as compared to the vertical wells as the wellbore faces a higher challenge of water shutoffs and wax formation. North America is expected to hold the largest horizontal well type market, with continuous shale developments in lower-48 states in the US.

“The offshore segment, by application, is expected to be the fastest growing market from 2019 to 2024”

The offshore segment is expected to be the fastest growing application subsegment during the forecast period, owing to the discoveries in the deepwater and ultra-deepwater locations. The offshore wells create demand opportunities for well intervention operations due to the challenging geographic conditions and regulatory standards by nations. Moreover, recent discoveries in Guyana, the US, and Cyprus located in ultra-deepwater, which is wholly owned by oil companies, indicates that these firms aim at focussing on deepwater exploration. This is driving the growth of the offshore segment of the well intervention market. Europe is projected to be the largest offshore application market by 2024, owing to the rising number of mature oil & gas fields which are located in the North Sea.

“North America: The largest and the fastest growing region in the well intervention market.”

North America is expected to dominate the global well intervention market between 2019 and 2024. The North American oil production is rising drastically, with a growth rate of 8.5% from 2017 to 2018. Moreover, the continuous shale activities in the region are driving the demand for well intervention operations. The upstream operators, such as Total, ExxonMobil, Chevron, and Apache, also have a significant presence in North America. This creates more opportunities for oilfield service providers to capture long-term contracts.

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- 65%, Tier 2- 24%, and Tier 3- 11%
  • By Designation: C-Level- 30%, Director Level- 25%, and Others- 45%
  • By Region: Asia Pacific- 25%, Middle East– 23, Africa – 12%, Europe- 18%, North America- 13%, and South & Central America- 9%
Note: Others includes sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is defined based on their total revenue as of 2017. Tier 1: USD 1 billion and above, Tier 2: From USD 500 million to USD 1 billion, and Tier 3:
The well intervention market is dominated by a few major players that have a wide regional presence. The leading players in the well intervention market are Halliburton (US), Schlumberger (US), BHGE (US), Weatherford (US), and NOV (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, which include the analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the well intervention market.

Why Buy this Report?

1. The report identifies and addresses the key markets for well intervention operations and services, which would help equipment manufacturers and service providers review the growth in demand.
2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.
1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY
1.2 DEFINITION
1.3 MARKET SCOPE
  1.3.1 MARKET SEGMENTATION
  1.3.2 REGIONAL SCOPE
1.4 YEARS CONSIDERED FOR THE STUDY
1.5 CURRENCY
1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY

2.1 SCOPE
2.2 KEY INFLUENCING FACTORS/DRIVERS
  2.2.1 WELL COUNT
  2.2.2 RIG COUNT
  2.2.3 PRODUCTION
  2.2.4 CRUDE OIL PRICES
2.3 MARKET SIZE ESTIMATION
  2.3.1 IDEAL DEMAND-SIDE ANALYSIS
    2.3.1.1 Assumptions
    2.3.1.2 Calculation
  2.3.2 SUPPLY-SIDE ANALYSIS
    2.3.2.1 Assumptions
    2.3.2.2 Calculation
  2.3.3 FORECAST
2.4 PRIMARY INSIGHTS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE OPPORTUNITIES IN THE WELL INTERVENTION MARKET DURING THE FORECAST PERIOD
4.2 WELL INTERVENTION MARKET, BY REGION
4.3 NORTH AMERICAN WELL INTERVENTION MARKET, BY WELL TYPE & COUNTRY
4.4 WELL INTERVENTION MARKET, BY APPLICATION
4.5 OFFSHORE WELL INTERVENTION MARKET, BY DEPTH
4.6 WELL INTERVENTION MARKET, BY SERVICE
4.7 WELL INTERVENTION MARKET, BY INTERVENTION TYPE
4.8 WELL INTERVENTION MARKET, BY WELL TYPE

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET DYNAMICS
  5.2.1 DRIVERS
    5.2.1.1 Increasing efforts for production enhancement from maturing
oil & gas fields
    5.2.1.2 Continuous shale developments are likely to drive the well intervention market
    5.2.1.3 Stabilized oil prices expediting upstream capital investments
    5.2.1.4 Rising primary energy consumption from Asia Pacific
  5.2.2 RESTRAINTS
    5.2.2.1 Strict government regulations on E&P activities
    5.2.2.2 Decreasing oil demand from Europe
  5.2.3 OPPORTUNITIES
    5.2.3.1 Digitalization of intervention services
    5.2.3.2 Propelled exploration & production activities to drive the well intervention market
    5.2.3.3 Demand for subsea well intervention
  5.2.4 CHALLENGES
    5.2.4.1 Challenging intervention operations in High Pressure High Temperature (HPHT) drilling
    5.2.4.2 Application of artificial lift technique in horizontal wells
5.3 SUPPLY CHAIN OVERVIEW
  5.3.1 KEY INFLUENCERS
    5.3.1.1 Equipment Manufacturers
    5.3.1.2 Service Providers
    5.3.1.3 Oilfield Operators
5.4 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 NORTH AMERICA IS THE LARGEST LOGGING & BOTTOMHOLE SURVEY MARKET
6.3 TUBING/PACKER FAILURE & REPAIR
  6.3.1 EUROPE IS EXPECTED TO BE THE SECOND LARGEST TUBING/PACKER FAILURE & REPAIR SERVICES MARKET
6.4 STIMULATION
  6.4.1 DEMAND FOR HYDRAULIC FRACTURING IN THE AMERICAN REGION OFFERS A LUCRATIVE OPPORTUNITY TO 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 & HORIZONTAL
WELLS IS EXPECTED TO DRIVE THE ZONAL ISOLATION MARKET
6.7 SAND CONTROL
  6.7.1 REDEVELOPMENT OF AGING RESERVOIRS PROVIDES LUCRATIVE OPPORTUNITIES FOR PLAYERS IN THE SAND CONTROL MARKET
6.8 ARTIFICIAL LIFT
  6.8.1 THE MIDDLE EAST IS PROJECTED TO BE THE FASTEST GROWING ARTIFICIAL LIFT MARKET
6.9 RE-PERFORATION
  6.9.1 INCREASE IN PRODUCTION FROM MATURE WELLS IS LIKELY TO SUPPORT THE GROWTH OF THE RE-PERFORATION SEGMENT
6.10 FISHING
  6.10.1 ASIA PACIFIC HELD THE THIRD LARGEST SHARE OF THE FISHING SEGMENT
6.11 OTHERS

7 WELL INTERVENTION MARKET, BY INTERVENTION TYPE

7.1 INTRODUCTION
7.2 LIGHT INTERVENTION
  7.2.1 INCREASING DEMAND FOR RISERLESS LIGHT WELL INTERVENTION (RLWI) VESSEL ASSISTS THE GROWTH OF THE LIGHT INTERVENTION SEGMENT
7.3 MEDIUM INTERVENTION
  7.3.1 MEDIUM INTERVENTION SEGMENT IS GROWING AT THE HIGHEST RATE OWING TO RISE IN DEVELOPMENTS OF UNCONVENTIONAL RESERVES WITH THE SUPPORT OF SNUBBING UNITS
7.4 HEAVY INTERVENTION
  7.4.1 DEVELOPMENTS IN MATURE FIELDS SUPPORT THE ADOPTION OF HEAVY INTERVENTION SERVICES

8 WELL INTERVENTION MARKET, BY WELL TYPE

8.1 INTRODUCTION
8.2 HORIZONTAL WELL
  8.2.1 NORTH AMERICA IS EXPECTED TO DOMINATE THE HORIZONTAL WELL SEGMENT OWING TO SHALE DEVELOPMENT IN THE REGION
8.3 VERTICAL WELL
  8.3.1 ASIA PACIFIC IS EXPECTED TO DOMINATE THE VERTICAL WELL SEGMENT OWING TO THE INCREASING COUNT OF MATURE CONVENTIONAL FIELDS IN THE REGION

9 WELL INTERVENTION MARKET, BY APPLICATION

9.1 INTRODUCTION
9.2 ONSHORE
  9.2.1 INCREASING NUMBER OF ONSHORE OIL & GAS FIELDS ARE DRIVING THE WELL INTERVENTION MARKET
9.3 OFFSHORE
  9.3.1 SHALLOW WATER
    9.3.1.1 Maturing shallow oilfields in the Middle East and Europe are driving the well intervention market
  9.3.2 DEEPWATER
    9.3.2.1 New discoveries in deepwater are expected to leverage the deepwater well intervention market
  9.3.3 ULTRA-DEEPWATER
    9.3.3.1 Challenging operations and safety regulations in ultra-deepwater locations are expected to drive the well intervention market

10 WELL INTERVENTION MARKET, BY REGION

10.1 INTRODUCTION
10.2 NORTH AMERICA
  10.2.1 BY SERVICE
  10.2.2 BY INTERVENTION TYPE
  10.2.3 BY WELL TYPE
  10.2.4 BY APPLICATION
  10.2.5 BY COUNTRY
    10.2.5.1 US
      10.2.5.1.1 Shale development in the US is a driving force for the well intervention market
    10.2.5.2 Canada
      10.2.5.2.1 Rising onshore oil production along with the drilling of oil sands is expected to boost the demand for well intervention operations
10.3 EUROPE
  10.3.1 BY SERVICE
  10.3.2 BY INTERVENTION TYPE
  10.3.3 BY WELL TYPE
  10.3.4 BY APPLICATION
  10.3.5 BY COUNTRY
    10.3.5.1 Russia
      10.3.5.1.1 The exploration & production activities in Russia’s Far East region have picked up pace and are driving the Russian well intervention market
    10.3.5.2 Norway
      10.3.5.2.1 Fast depleting oil & gas fields in Norwegian Continental Shelf (NCS) are offering opportunities for the well intervention market
    10.3.5.3 UK
      10.3.5.3.1 Redevelopments in brownfields are expected to drive the UK well intervention market
    10.3.5.4 Denmark
      10.3.5.4.1 Offshore E&P activities are expected to support the well intervention market
    10.3.5.5 Rest of Europe
10.4 ASIA PACIFIC
  10.4.1 BY SERVICE
  10.4.2 BY INTERVENTION TYPE
  10.4.3 BY WELL TYPE
  10.4.4 BY APPLICATION
  10.4.5 BY COUNTRY
    10.4.5.1 China
      10.4.5.1.1 Deepwater drilling activities and shale exploration & production are likely to drive the Chinese well intervention market
    10.4.5.2 India
      10.4.5.2.1 Redevelopment of oilfields is expected to drive the well intervention market during the forecast period
    10.4.5.3 Australia
      10.4.5.3.1 Production initiation from shale resources along with plans to redevelop mature fields is likely to drive the well intervention market
    10.4.5.4 Indonesia
      10.4.5.4.1 Decline in oil & gas production is expected to support the EOR applications and drive the well intervention market
    10.4.5.5 Malaysia
      10.4.5.5.1 Increasing capital expenditures in the upstream sector are expected to influence opportunities for the Malaysian well intervention market
    10.4.5.6 Rest of Asia Pacific
10.5 SOUTH & CENTRAL AMERICA
  10.5.1 BY SERVICE
  10.5.2 BY INTERVENTION TYPE
  10.5.3 BY WELL TYPE
  10.5.4 BY APPLICATION
  10.5.5 BY COUNTRY
    10.5.5.1 Mexico
      10.5.5.1.1 Investments for developing shale resources are expected to drive the Mexican well intervention market
    10.5.5.2 Brazil
      10.5.5.2.1 Offshore developments are expected to drive the Brazilian well intervention market
    10.5.5.3 Venezuela
      10.5.5.3.1 Stabilizing crude oil prices is expected to revitalize the oil production activities, thus driving the Venezuelan well intervention market
    10.5.5.4 Argentina
      10.5.5.4.1 Development of shale reserves is expected to drive the well intervention market
    10.5.5.5 Rest of South & Central America
10.6 MIDDLE EAST
  10.6.1 BY SERVICE
  10.6.2 BY INTERVENTION TYPE
  10.6.3 BY WELL TYPE
  10.6.4 BY APPLICATION
  10.6.5 BY COUNTRY
    10.6.5.1 Saudi Arabia
      10.6.5.1.1 Enhanced crude production from onshore fields and the surge in offshore exploration are expected to drive the well intervention market
    10.6.5.2 UAE
      10.6.5.2.1 Demand for well intervention services is likely to grow with a fast depleting oil production from oilfields
    10.6.5.3 Iraq
      10.6.5.3.1 Onshore well drilling activities in Iraq have created opportunities for the Iraq well intervention market
    10.6.5.4 Iran
      10.6.5.4.1 Onshore segment is expected to drive the Iranian well intervention market
    10.6.5.5 Qatar
      10.6.5.5.1 Huge untapped oil & gas reserves offer lucrative opportunities for well drilling activities and thus foster the Qatari well intervention market growth
    10.6.5.6 Kuwait
      10.6.5.6.1 Upcoming investments in the oilfields are likely to boost the well intervention market
    10.6.5.7 Rest of Middle East
10.7 AFRICA
  10.7.1 BY SERVICE
  10.7.2 BY INTERVENTION TYPE
  10.7.3 BY WELL TYPE
  10.7.4 BY APPLICATION
  10.7.5 BY COUNTRY
    10.7.5.1 Nigeria
      10.7.5.1.1 Rising exploration activities and developments in mature oil & gas fields are expected to support the well intervention market during the forecast period
    10.7.5.2 Algeria
      10.7.5.2.1 Upcoming drilling projects in Algeria and rising capital expenditure in upstream operations are likely to boost the well intervention market in the country
    10.7.5.3 Angola
      10.7.5.3.1 Deepwater developments are expected to drive the well intervention market
    10.7.5.4 Rest of Africa

11 COMPETITIVE LANDSCAPE

11.1 OVERVIEW
11.2 COMPETITIVE LEADERSHIP MAPPING, 2018
  11.2.1 VISIONARY LEADERS
  11.2.2 INNOVATORS
  11.2.3 DYNAMIC
  11.2.4 EMERGING
11.3 MARKET SHARE ANALYSIS, 2018
11.4 COMPETITIVE SCENARIO
  11.4.1 NEW PRODUCT LAUNCHES
  11.4.2 EXPANSIONS & INVESTMENTS
  11.4.3 CONTRACTS & AGREEMENTS
  11.4.4 MERGERS & ACQUISITIONS

12 COMPANY PROFILE

(Business overview, Products offerings, Recent Developments, MNM view)*
12.1 HALLIBURTON
12.2 SCHLUMBERGER LIMITED
12.3 BAKER HUGHES, A GE COMPANY
12.4 WEATHERFORD
12.5 C&J ENERGY SERVICES
12.6 SUPERIOR ENERGY SERVICES
12.7 ARCHER
12.8 EXPRO GROUP
12.9 TRICAN
12.10 WELLTEC
12.11 ALTUS INTERVENTION
12.12 OILSERV
*Details on Business overview, Products offerings, Recent Developments, MNM view might not be captured in case of unlisted companies.

13 APPENDIX

13.1 INSIGHTS OF INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 AVAILABLE CUSTOMIZATIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS

LIST OF TABLES

TABLE 1 DEMAND FOR WELL INTERVENTION SERVICES: NEW WELLS VS. OLD WELLS
TABLE 2 RIG TO NEW WELL DRILL RATIO
TABLE 3 WELL INTERVENTION MARKET SNAPSHOT
TABLE 4 TOP COUNTRIES WITH SIGNIFICANT TECHNICALLY RECOVERABLE SHALE RESOURCES
TABLE 5 RIG COUNT & OIL PRODUCTION
TABLE 6 WELL INTERVENTION MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
TABLE 7 LOGGING & BOTTOMHOLE SURVEY: WELL INTERVENTION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 8 TUBING/PACKER FAILURE & REPAIR: WELL INTERVENTION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 9 STIMULATION: WELL INTERVENTION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 10 REMEDIAL CEMENTING: WELL INTERVENTION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 11 ZONAL ISOLATION: WELL INTERVENTION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 12 SAND CONTROL: WELL INTERVENTION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 13 ARTIFICIAL LIFT: WELL INTERVENTION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 14 RE-PERFORATION: WELL INTERVENTION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 15 FISHING: WELL INTERVENTION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 16 OTHERS: WELL INTERVENTION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 17 WELL INTERVENTION MARKET SIZE, BY INTERVENTION TYPE, 2017–2024 (USD MILLION)
TABLE 18 LIGHT INTERVENTION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 19 MEDIUM INTERVENTION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 20 HEAVY INTERVENTION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 21 WELL INTERVENTION MARKET SIZE, BY WELL TYPE, 2017–2024 (USD MILLION)
TABLE 22 HORIZONTAL WELL: WELL INTERVENTION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 23 VERTICAL WELL: WELL INTERVENTION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 24 WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 25 ONSHORE: WELL INTERVENTION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 26 OFFSHORE: WELL INTERVENTION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 27 OFFSHORE: WELL INTERVENTION MARKET SIZE, BY DEPTH, 2017–2024 (USD MILLION)
TABLE 28 WELL INTERVENTION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 29 NORTH AMERICA: WELL INTERVENTION MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
TABLE 30 NORTH AMERICA: WELL INTERVENTION MARKET SIZE, BY INTERVENTION TYPE, 2017–2024 (USD MILLION)
TABLE 31 NORTH AMERICA: WELL INTERVENTION MARKET SIZE, BY WELL TYPE, 2017–2024 (USD MILLION)
TABLE 32 NORTH AMERICA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 33 NORTH AMERICA: WELL INTERVENTION MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
TABLE 34 US: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 35 CANADA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 36 EUROPE: WELL INTERVENTION MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
TABLE 37 EUROPE: WELL INTERVENTION MARKET SIZE, BY INTERVENTION TYPE, 2017–2024 (USD MILLION)
TABLE 38 EUROPE: WELL INTERVENTION MARKET SIZE, BY WELL TYPE, 2017–2024 (USD MILLION)
TABLE 39 EUROPE: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 40 EUROPE: WELL INTERVENTION MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
TABLE 41 RUSSIA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 42 NORWAY: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 43 UK: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 44 DENMARK: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 45 REST OF EUROPE: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 46 ASIA PACIFIC: WELL INTERVENTION MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
TABLE 47 ASIA PACIFIC: WELL INTERVENTION MARKET SIZE, BY INTERVENTION TYPE, 2017–2024 (USD MILLION)
TABLE 48 ASIA PACIFIC: WELL INTERVENTION MARKET SIZE, BY WELL TYPE, 2017–2024 (USD MILLION)
TABLE 49 ASIA PACIFIC: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 50 ASIA PACIFIC: WELL INTERVENTION MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
TABLE 51 CHINA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 52 INDIA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 53 AUSTRALIA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 54 INDONESIA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 55 MALAYSIA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 56 REST OF ASIA PACIFIC: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 57 SOUTH & CENTRAL AMERICA: WELL INTERVENTION MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
TABLE 58 SOUTH & CENTRAL AMERICA: WELL INTERVENTION MARKET SIZE, BY INTERVENTION TYPE, 2017–2024 (USD MILLION)
TABLE 59 SOUTH & CENTRAL AMERICA: WELL INTERVENTION MARKET SIZE, BY WELL TYPE, 2017–2024 (USD MILLION)
TABLE 60 SOUTH & CENTRAL AMERICA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 61 SOUTH & CENTRAL AMERICA: WELL INTERVENTION MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
TABLE 62 MEXICO: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 63 BRAZIL: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 64 VENEZUELA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 65 ARGENTINA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 66 REST OF SOUTH & CENTRAL AMERICA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 67 MIDDLE EAST: WELL INTERVENTION MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
TABLE 68 MIDDLE EAST: WELL INTERVENTION MARKET SIZE, BY INTERVENTION TYPE, 2017–2024 (USD MILLION)
TABLE 69 MIDDLE EAST: WELL INTERVENTION MARKET SIZE, BY WELL TYPE, 2017–2024 (USD MILLION)
TABLE 70 MIDDLE EAST: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 71 MIDDLE EAST: WELL INTERVENTION MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
TABLE 72 SAUDI ARABIA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 73 UAE: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 74 IRAQ: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 75 IRAN: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 76 QATAR: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 77 KUWAIT: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 78 REST OF MIDDLE EAST: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 79 AFRICA: WELL INTERVENTION MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
TABLE 80 AFRICA: WELL INTERVENTION MARKET SIZE, BY INTERVENTION TYPE, 2017–2024 (USD MILLION)
TABLE 81 AFRICA: WELL INTERVENTION MARKET SIZE, BY WELL TYPE, 2017–2024 (USD MILLION)
TABLE 82 AFRICA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 83 AFRICA: WELL INTERVENTION MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
TABLE 84 NIGERIA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 85 ALGERIA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 86 ANGOLA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 87 REST OF AFRICA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 88 DEVELOPMENTS OF KEY PLAYERS IN THE MARKET, JANUARY 2016–JUNE 2019

LIST OF FIGURES

FIGURE 1 NEWLY DRILLED WELLS
FIGURE 2 CRUDE OIL PRICE VS. RIG COUNT
FIGURE 3 OPERATIONAL WELL COUNT VS. CRUDE OIL PRODUCTION
FIGURE 4 CRUDE OIL PRICE TREND
FIGURE 5 RANKING OF KEY PLAYERS & INDUSTRY CONCENTRATION, 2018
FIGURE 6 KEY SERVICE PROVIDERS’ POINT OF VIEW:
FIGURE 7 NORTH AMERICA DOMINATED THE WELL INTERVENTION MARKET IN 2018
FIGURE 8 STIMULATION SEGMENT, BY SERVICE, IS EXPECTED TO GROW AT THE FASTEST CAGR DURING THE FORECAST PERIOD
FIGURE 9 MEDIUM INTERVENTION SEGMENT, BY INTERVENTION TYPE, IS EXPECTED TO GROW AT THE FASTEST CAGR, DURING THE FORECAST PERIOD
FIGURE 10 OFFSHORE SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 11 SHALLOW WATER SEGMENT, BY DEPTH, DOMINATED THE OFFSHORE WELL INTERVENTION MARKET IN 2018
FIGURE 12 HORIZONTAL SEGMENT IS EXPECTED TO LEAD THE WELL INTERVENTION MARKET, BY WELL TYPE, DURING THE FORECAST PERIOD
FIGURE 13 CONTRACTS & AGREEMENTS IS THE MAJOR STRATEGY ADOPTED BY PLAYERS IN THE WELL INTERVENTION MARKET DURING THE FORECAST PERIOD
FIGURE 14 PRODUCTION ENHANCEMENT EFFORTS FROM MATURING FIELDS AND RISING CAPITAL EXPENDITURES ARE DRIVING THE WELL INTERVENTION MARKET, 2019–2024
FIGURE 15 NORTH AMERICA IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 16 HORIZONTAL WELL SEGMENT AND THE US DOMINATED THE NORTH AMERICAN WELL INTERVENTION MARKET IN 2018
FIGURE 17 ONSHORE SEGMENT, BY APPLICATION, DOMINATED THE WELL INTERVENTION MARKET IN 2018
FIGURE 18 SHALLOW WATER SEGMENT, BY DEPTH, IS EXPECTED TO GROW AT THE FASTEST RATE FOR OFFSHORE WELL INTERVENTION MARKET DURING THE FORECAST PERIOD
FIGURE 19 LOGGING & BOTTOMHOLE SURVEY IS EXPECTED TO DOMINATE THE WELL INTERVENTION MARKET, BY SERVICE, DURING THE FORECAST PERIOD
FIGURE 20 LIGHT INTERVENTION SEGMENT DOMINATED THE WELL INTERVENTION MARKET, BY INTERVENTION TYPE, IN 2018
FIGURE 21 HORIZONTAL WELL SEGMENT IS EXPECTED TO DOMINATE THE WELL INTERVENTION MARKET, BY WELL TYPE, DURING THE FORECAST PERIOD
FIGURE 22 WELL INTERVENTION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
FIGURE 23 PEAK LOSS OF OIL FROM MATURE CONVENTIONAL OILFIELDS (2010–2017)
FIGURE 24 GLOBAL OIL & GAS UPSTREAM CAPITAL SPENDING (2014–2019)
FIGURE 25 WORLD OIL DEMAND GROWTH (2018–2024)
FIGURE 26 EUROPE OIL CONSUMPTION TREND (2014–2040)
FIGURE 27 WELL INTERVENTION SUPPLY CHAIN
FIGURE 28 CRUDE PRICE VS. DRILLING AND PRODUCTION OPERATIONS
FIGURE 29 LOGGING & BOTTOMHOLE SURVEY SEGMENT HELD THE LARGEST MARKET SHARE IN 2018
FIGURE 30 NORTH AMERICA IS EXPECTED TO DOMINATE THE LOGGING & BOTTOMHOLE INTERVENTION SERVICES MARKET DURING THE FORECAST PERIOD
FIGURE 31 LIGHT INTERVENTION SEGMENT IS EXPECTED TO BE THE LARGEST WELL INTERVENTION MARKET, 2019–2024
FIGURE 32 NORTH AMERICA ACCOUNTED FOR THE LARGEST SHARE OF THE HEAVY INTERVENTION MARKET, 2018
FIGURE 33 HORIZONTAL WELL SEGMENT IS EXPECTED TO LEAD THE WELL INTERVENTION MARKET FROM 2019 TO 2024
FIGURE 34 ONSHORE APPLICATION SEGMENT IS EXPECTED TO LEAD THE WELL INTERVENTION MARKET FROM 2019 TO 2024
FIGURE 35 NORTH AMERICA DOMINATED THE ONSHORE APPLICATION SEGMENT IN 2018
FIGURE 36 EUROPE DOMINATED THE OFFSHORE APPLICATION SEGMENT IN 2018
FIGURE 37 SHALLOW WATER DEPTH SEGMENT IS EXPECTED TO BE THE LARGEST OFFSHORE WELL INTERVENTION MARKET, 2019–2024
FIGURE 38 US IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 39 NORTH AMERICA IS EXPECTED TO DOMINATE THE WELL INTERVENTION MARKET DURING THE FORECAST PERIOD
FIGURE 40 REGIONAL SNAPSHOT: NORTH AMERICA LED THE WELL INTERVENTION MARKET IN 2018
FIGURE 41 REGIONAL SNAPSHOT: EUROPEAN WELL INTERVENTION MARKET, 2018
FIGURE 42 KEY DEVELOPMENTS IN THE WELL INTERVENTION MARKET, JANUARY 2016–JUNE 2019
FIGURE 43 COMPETITIVE LEADERSHIP MAPPING, 2018
FIGURE 44 PRODUCT & SERVICE OFFERINGS
FIGURE 45 RANKING OF KEY PLAYERS & INDUSTRY CONCENTRATION, 2018
FIGURE 46 HALLIBURTON: COMPANY SNAPSHOT
FIGURE 47 SCHLUMBERGER: COMPANY SNAPSHOT
FIGURE 48 BAKER HUGHES, A GE COMPANY: COMPANY SNAPSHOT
FIGURE 49 WEATHERFORD: COMPANY SNAPSHOT
FIGURE 50 C&J ENERGY SERVICES: COMPANY SNAPSHOT
FIGURE 51 SUPERIOR ENERGY SERVICES: COMPANY SNAPSHOT
FIGURE 52 ARCHER: COMPANY SNAPSHOT
FIGURE 53 EXPRO GROUP: COMPANY SNAPSHOT
FIGURE 54 TRICAN: COMPANY SNAPSHOT


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