Well Intervention Market by Type (Light, Medium, and Heavy), by Service (Sand Control, Artificial Lift, Logging & Bottom-hole Survey, Tubing/Packer Failure & Repair, and Others), by Application (Onshore and Offshore) and by Region - Global Trends and Forecast Analysis, 2018-2025
Publish Date: March 2020 | Format :PDF/Excel | Category: Energy & Materials | Pages :103
Well intervention is the process of entering an oil and gas well by adhering to proper safety measures and using well control technologies. Well control technologies are primarily used for activities such as to intervene in other than drilling. With technological advancements, the depths at which the fields can be drilled are increasing and it causes well construction changes and further increases the demand for well intervention.
The global well intervention market is projected to reach USD 13 Billion by 2025 at a CAGR of around 6% during the forecasted period. Increased activity in oil and gas production due to increasing surge in global energy needs creates high demand for well intervention services. With key improvements in technology, more mature oil and gas wells are being reactivated for further penetration. More focus on older fields and lesser exploration rate for newer wells and with addition to more demand for logging services also help the well intervention market to grow significantly. The stakeholders involved in this market are oil and gas companies, rig and safety equipment manufacturers, various small scale suppliers and advisory firms. With the increasing importance of subsea drilling, the demand for well intervention is also increasing and this factor is further contributing to the growth of this market. Major restraints for the well intervention market are declining price of crude oil and stringent government norms with respect to offshore drilling and carbon emissions. The global well intervention market is segmented on the basis of type, service, application, and region.
On the basis of type, the global well intervention market is bifurcated into light, medium, and heavy. Among these types, the light intervention type is expected to have the largest share in global well intervention market in the forecasted period. Oil and gas wells that have matured and are again garnering attention by companies will look to improve the recovery rate so that the demand supply mismatch can be shortened. With high demand for coiled tubing services and also the ability of light well intervention to perform remedial operations has propelled its demand over the other sub-segments. Heavy well intervention is also growing due to many key players undertaking subsea exploration activities.
Service segment of well intervention market is divided into sand control, artificial lift, logging & bottom-hole survey, tubing/packer failure & repair and others. Logging and bottom-hole survey holds the most market share in this segment and is expected to grow exponentially in the given analysis period. With regions like United States concentration more on shale gas exploration and also the growing demand for energy especially in the Asia Pacific region would propel the demand for logging and bottom-hole survey.
Application segment of the global well intervention market is divided into onshore and offshore. The offshore drilling has the largest share in terms of value and continue to grow during the forecast period. With modern innovation, deep sea drilling is becoming very relevant as most of the new drilling is done there. Also with more subsea wells maturing and global economies concentrating more on shale gas as an alternative energy source, there is an increase in production activities, hence the need for well intervention grows.
The global well intervention market has analyzed across the five regions including, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa with its major countries. In terms of value the North American region is set to lead in the forecasted period. With various key industry players in oil and gas located in the North American region, there is always room for technological innovations and these factors affect the well intervention in a good way. Other regions especially the Middle East where there are abundant oil reserves and the regions increasing focus towards ageing oil fields has further driven the well intervention market growth across the globe.
The report covered the detailed competitive analysis including company profiles of the major industry players operating in the global well intervention market. Key players profiled in the report are Superior Energy Services, Archer, Expro Group, Trican, Welltec, Altus Intervention, Oilserv, Halliburton, Schlumberger Limited, Baker Hughes, Weatherford, C&J Energy Services, and others.
The report segments the global well intervention market as follows:
Well Intervention Market, Type Segment Analysis
- Light
- Medium
- Heavy
Well Intervention Market, Service Segment Analysis
- Sand Control
- Artificial Lift
- Logging & Bottom-hole Survey
- Tubing/Packer Failure & Repair
- Others
Well Intervention Market, Application Segment Analysis
- Onshore
- Offshore
Well Intervention Market, Region Segment Analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East & Africa
- UAE
- South Africa
- Rest of MEA
Chapter 1 Introduction
1.1. Research Objective
1.2. Market Introduction
1.3. Market Segmentation
1.4. Report Highlights
Chapter 2 Research Scope & Methodology
2.1. Report Scope
2.2. Market Research Methodology
2.2.1. Data Mining
2.2.2. Data Analysis
2.2.3. Data Validation
2.2.4. Secondary Research
2.2.5. Primary Research
2.2.6. Model
2.3. Market Size Estimation
Chapter 3 Executive Summary
Chapter 4 Well Intervention Market Size
4.1. Global Well Intervention Market Size (USD Billion) and Growth Rate (%) Analysis, 2018-2025
Chapter 5 Market Dynamics
5.1. Market Drivers
5.1.1. Global Well Intervention Market Drivers: Impact Analysis
5.1.2. More focus on older fields and lesser exploration rate by newer wells
5.1.3. Increasing surge in global energy needs
5.2. Market Restrains
5.2.1. Global Well Intervention Market Restraints: Impact Analysis
5.2.2. Declining price of crude oil
5.3. Market Opportunities
5.3.1. Opportunity 1
5.3.2. Opportunity 2
5.4. Value Chain Analysis
5.5. Porter's Five Forces Analysis
5.5.1. Threat of new entrants
5.5.2. Threat of substitutes
5.5.3. Bargaining power of customers
5.5.4. Bargaining power of suppliers
5.5.5. Industry rivalry
5.6. Regulatory Framework
5.7. Price Trend Analysis
Chapter 6 Well Intervention Market Analysis, by Type
6.1. Segment Overview
6.2. Well Intervention Market Share (%), by Type in 2019 & 2025
6.3. Market Attractiveness Analysis, by Type
6.4. Light
6.4.1. Well Intervention Market Analysis by Light, 2018-2025
6.5. Medium
6.5.1. Well Intervention Market Analysis by Medium, 2018-2025
6.6. Heavy
6.6.1. Well Intervention Market Analysis by Heavy, 2018-2025
Chapter 7 Well Intervention Market Analysis, by Service
7.1. Segment Overview
7.2. Well Intervention Market Share (%), by Service in 2019 & 2025
7.3. Market Attractiveness Analysis, by Service
7.4. Sand Control
7.4.1. Well Intervention Market Analysis by Sand Control, 2018-2025
7.5. Artificial Lift
7.5.1. Well Intervention Market Analysis by Artificial Lift, 2018-2025
7.6. Logging & Bottom-hole Survey
7.6.1. Well Intervention Market Analysis by Logging & Bottom-hole Survey, 2018-2025
7.7. Tubing/Packer Failure & Repair
7.7.1. Well Intervention Market Analysis by Tubing/Packer Failure & Repair, 2018-2025
7.8. Others
7.8.1. Well Intervention Market Analysis by Others, 2018-2025
Chapter 8 Well Intervention Market Analysis, by Application
8.1. Segment Overview
8.2. Well Intervention Market Share (%), by Application in 2019 & 2025
8.3. Market Attractiveness Analysis, by Application
8.4. Onshore
8.4.1. Well Intervention Market Analysis by Onshore, 2018-2025
8.5. Offshore
8.5.1. Well Intervention Market Analysis by Offshore, 2018-2025
Chapter 9 North America Well Intervention Market Analysis
9.1. North America Well Intervention Market Overview
9.2. North America Well Intervention Market Size, by Type, 2018-2025
9.2.1. Light
9.2.2. Medium
9.2.3. Heavy
9.3. North America Well Intervention Market Size, by Service, 2018-2025
9.3.1. Sand Control
9.3.2. Artificial Lift
9.3.3. Logging & Bottom-hole Survey
9.3.4. Tubing/Packer Failure & Repair
9.3.5. Others
9.4. North America Well Intervention Market Size, by Application, 2018-2025
9.4.1. Onshore
9.4.2. Offshore
9.5. North America Well Intervention Market Size, by Country, 2018-2025
9.5.1. U.S.
9.5.2. Canada
9.5.3. Mexico
Chapter 10 Europe Well Intervention Market Analysis
10.1. Europe Well Intervention Market Overview
10.2. Europe Well Intervention Market Size, by Type, 2018-2025
10.2.1. Light
10.2.2. Medium
10.2.3. Heavy
10.3. Europe Well Intervention Market Size, by Service, 2018-2025
10.3.1. Sand Control
10.3.2. Artificial Lift
10.3.3. Logging & Bottom-hole Survey
10.3.4. Tubing/Packer Failure & Repair
10.3.5. Others
10.4. Europe Well Intervention Market Size, by Application, 2018-2025
10.4.1. Onshore
10.4.2. Offshore
10.5. Europe Well Intervention Market Size, by Country, 2018-2025
10.5.1. UK
10.5.2. Germany
10.5.3. France
10.5.4. Rest of Europe
Chapter 11 Asia Pacific Well Intervention Market Analysis
11.1. Asia Pacific Well Intervention Market Overview
11.2. Asia Pacific Well Intervention Market Size, by Type, 2018-2025
11.2.1. Light
11.2.2. Medium
11.2.3. Heavy
11.3. Asia Pacific Well Intervention Market Size, by Service, 2018-2025
11.3.1. Sand Control
11.3.2. Artificial Lift
11.3.3. Logging & Bottom-hole Survey
11.3.4. Tubing/Packer Failure & Repair
11.3.5. Others
11.4. Asia Pacific Well Intervention Market Size, by Application, 2018-2025
11.4.1. Onshore
11.4.2. Offshore
11.5. Asia Pacific Well Intervention Market Size, by Country, 2018-2025
11.5.1. China
11.5.2. Japan
11.5.3. India
11.5.4. South Korea
11.5.5. Australia
11.5.6. Rest of Asia Pacific
Chapter 12 Latin America Well Intervention Market Analysis
12.1. Latin America Well Intervention Market Overview
12.2. Latin America Well Intervention Market Size, by Type, 2018-2025
12.2.1. Light
12.2.2. Medium
12.2.3. Heavy
12.3. Latin America Well Intervention Market Size, by Service, 2018-2025
12.3.1. Sand Control
12.3.2. Artificial Lift
12.3.3. Logging & Bottom-hole Survey
12.3.4. Tubing/Packer Failure & Repair
12.3.5. Others
12.4. Latin America Well Intervention Market Size, by Application, 2018-2025
12.4.1. Onshore
12.4.2. Offshore
12.5. Latin America Well Intervention Market Size, by Country, 2018-2025
12.5.1. Brazil
12.5.2. Argentina
12.5.3. Rest of Latin America
Chapter 13 Middle East & Africa Well Intervention Market Analysis
13.1. Middle East & Africa Well Intervention Market Overview
13.2. Middle East & Africa Well Intervention Market Size, by Type, 2018-2025
13.2.1. Light
13.2.2. Medium
13.2.3. Heavy
13.3. Middle East & Africa Well Intervention Market Size, by Service, 2018-2025
13.3.1. Sand Control
13.3.2. Artificial Lift
13.3.3. Logging & Bottom-hole Survey
13.3.4. Tubing/Packer Failure & Repair
13.3.5. Others
13.4. Middle East & Africa Well Intervention Market Size, by Application, 2018-2025
13.4.1. Onshore
13.4.2. Offshore
13.5. Middle East & Africa Well Intervention Market Size, by Country, 2018-2025
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. South Africa
13.5.4. Rest of MEA
Chapter 14 Competitive Landscape
14.1. Company Market Share Analysis, 2018
14.2. Competitive Scenario
14.2.1. New Product Launches
14.2.2. Regional Expansion and R&D Investments
14.2.3. Merger and Acquisitions
Chapter 15 Company Profiles
15.1. Superior Energy Services
15.1.1. Company Details
15.1.2. Business Overview
15.1.3. Product Portfolio
15.1.4. Financials
15.1.5. Recent Developments
15.2. Archer
15.2.1. Company Details
15.2.2. Business Overview
15.2.3. Product Portfolio
15.2.4. Financials
15.2.5. Recent Developments
15.3. Expro Group
15.3.1. Company Details
15.3.2. Business Overview
15.3.3. Product Portfolio
15.3.4. Financials
15.3.5. Recent Developments
15.4. Trican
15.4.1. Company Details
15.4.2. Business Overview
15.4.3. Product Portfolio
15.4.4. Financials
15.4.5. Recent Developments
15.5. Welltec
15.5.1. Company Details
15.5.2. Business Overview
15.5.3. Product Portfolio
15.5.4. Financials
15.5.5. Recent Developments
15.6. Altus Intervention
15.6.1. Company Details
15.6.2. Business Overview
15.6.3. Product Portfolio
15.6.4. Financials
15.6.5. Recent Developments
15.7. Oilserv
15.7.1. Company Details
15.7.2. Business Overview
15.7.3. Product Portfolio
15.7.4. Financials
15.7.5. Recent Developments
15.8. Halliburton
15.8.1. Company Details
15.8.2. Business Overview
15.8.3. Product Portfolio
15.8.4. Financials
15.8.5. Recent Developments
15.9. Schlumberger Limited
15.9.1. Company Details
15.9.2. Business Overview
15.9.3. Product Portfolio
15.9.4. Financials
15.9.5. Recent Developments
15.10. Baker Hughes
15.10.1. Company Details
15.10.2. Business Overview
15.10.3. Product Portfolio
15.10.4. Financials
15.10.5. Recent Developments
15.11. Weatherford
15.11.1. Company Details
15.11.2. Business Overview
15.11.3. Product Portfolio
15.11.4. Financials
15.11.5. Recent Developments
15.12. C&J Energy Services
15.12.1. Company Details
15.12.2. Business Overview
15.12.3. Product Portfolio
15.12.4. Financials
15.12.5. Recent Developments
15.13. Others
15.13.1. Company Details
15.13.2. Business Overview
15.13.3. Product Portfolio
15.13.4. Financials
15.13.5. Recent Developments
List of Tables
Table 1 Global Well Intervention Market Drivers: Impact Analysis
Table 2 Global Well Intervention Market Restraints: Impact Analysis
Table 3 North America Well Intervention Market Size (USD Billion), by Type, 2018-2025
Table 4 North America Well Intervention Market Size (USD Billion), by Service, 2018-2025
Table 5 North America Well Intervention Market Size (USD Billion), by Application, 2018-2025
Table 6 North America Well Intervention Market Size (USD Billion), by Country, 2018-2025
Table 7 Europe Well Intervention Market Size (USD Billion), by Type, 2018-2025
Table 8 Europe Well Intervention Market Size (USD Billion), by Service, 2018-2025
Table 9 Europe Well Intervention Market Size (USD Billion), by Application, 2018-2025
Table 10 Europe Well Intervention Market Size (USD Billion), by Country, 2018-2025
Table 11 Asia Pacific Well Intervention Market Size (USD Billion), by Type, 2018-2025
Table 12 Asia Pacific Well Intervention Market Size (USD Billion), by Service, 2018-2025
Table 13 Asia Pacific Well Intervention Market Size (USD Billion), by Application, 2018-2025
Table 14 Asia Pacific Well Intervention Market Size (USD Billion), by Country, 2018-2025
Table 15 Latin America Well Intervention Market Size (USD Billion), by Type, 2018-2025
Table 16 Latin America Well Intervention Market Size (USD Billion), by Service, 2018-2025
Table 17 Latin America Well Intervention Market Size (USD Billion), by Application, 2018-2025
Table 18 Latin America Well Intervention Market Size (USD Billion), by Country, 2018-2025
Table 19 Middle East & Africa Well Intervention Market Size (USD Billion), by Type, 2018-2025
Table 20 Middle East & Africa Well Intervention Market Size (USD Billion), by Service, 2018-2025
Table 21 Middle East & Africa Well Intervention Market Size (USD Billion), by Application, 2018-2025
Table 22 Middle East & Africa Well Intervention Market Size (USD Billion), by Country, 2018-2025
List of Figures
Figure 1 Market Research Methodology
Figure 2 Global Well Intervention Market Size and Growth Rate Analysis, 2018-2025
Figure 3 Value Chain Analysis
Figure 4 Porter's Five Forces Analysis
Figure 5 Price Trend Analysis
Figure 6 Well Intervention Market Share (%), by Type in 2019 & 2025
Figure 7 Market Attractiveness Analysis, by Type
Figure 8 Well Intervention Market Size, by Light, 2018-2025
Figure 9 Well Intervention Market Size, by Medium, 2018-2025
Figure 10 Well Intervention Market Size, by Heavy, 2018-2025
Figure 11 Well Intervention Market Share (%), by Service in 2019 & 2025
Figure 12 Market Attractiveness Analysis, by Service
Figure 13 Well Intervention Market Size, by Sand Control, 2018-2025
Figure 14 Well Intervention Market Size, by Artificial Lift, 2018-2025
Figure 15 Well Intervention Market Size, by Logging & Bottom-hole Survey, 2018-2025
Figure 16 Well Intervention Market Size, by Tubing/Packer Failure & Repair, 2018-2025
Figure 17 Well Intervention Market Size, by Others, 2018-2025
Figure 18 Well Intervention Market Share (%), by Application in 2019 & 2025
Figure 19 Market Attractiveness Analysis, by Application
Figure 20 Well Intervention Market Size, by Onshore, 2018-2025
Figure 21 Well Intervention Market Size, by Offshore, 2018-2025
Figure 22 North America Well Intervention Market Size, 2018-2025
Figure 23 Europe Well Intervention Market Size, 2018-2025
Figure 24 Asia Pacific Well Intervention Market Size, 2018-2025
Figure 25 Latin America Well Intervention Market Size, 2018-2025
Figure 26 Middle East & Africa Well Intervention Market Size, 2018-2025
Figure 27 Company Market Share (%), 2018
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