Well intervention or well work is the operation performed on oil and gas wells during their productive life, which alters the well geometry and manages the production of wells by providing extensive well diagnostics. Market Research Future (MRFR) has recently published a detailed report on the global well intervention market asserting that the global market for well intervention is anticipated to expand at a steady CAGR of 3.5% during the forecast period of 2017-2023.

Segmentation Analysis

The global well intervention market has been segmented based on services and applications. Based on services, the well intervention market has been segmented into logging & bottom hole survey, stimulation, artificial lift, re-perforation and others.

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Global Key Players and Competition Analysis

The key players of well intervention market are GE Oil & Gas (U.K.), Halliburton Company (U.S.), Schlumberger Limited (U.S.), TechnipFMC plc. (U.K.), Baker Hughes Incorporated (U.S.), Weatherford International plc. (Switzerland), Archer Limited (U.K.), Trican Well Service Ltd. (Canada), Superior Energy Services, Inc. (U.S.), Basic Energy Services, Inc. (U.S.) and Others.

Regional Analysis

The North America region is the largest in the Well Intervention Market, owing to factors such as ongoing shale gas revolution in the region. The market is also expected to be driven by the increasing production activities in the region. Asia-Pacific and Africa are the emerging regions in the well intervention market, owing to the increased use of intervention services in shale and oil services.

Market Scope

The growth in demand for energy is also driving the growth of the oil and gas industry. So, there is a rise need for enhancement of production to meet the growing demand for energy, especially oil and gas, which is further driving the market for well intervention. The other factors driving the growth of the market are the increase in production of oil & gas and regeneration of aging fields/wells.

Browse the market data and information spread across 111 pages with 26 data tables and 12 figures of the report “Global Well Intervention Market Research Report – Forecast to 2023 ” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/well-intervention-market-2810

Industry News:

August 2018 Market Research Future Published a Half-Cooked Research Report on Global Well Intervention Market Research Report.

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