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Global Well Intervention Market By Intervention Type (Light, Medium, Others), By Application (Onshore & Offshore), By Services (Stimulation, Fishing, Others), By Well Type (Horizontal & Vertical), By Region, Forecast & Opportunities to 2026

The global well intervention market accounted for a value of USD 6.5 billion in 2019 and is projected to register growth at a CAGR of 4.0% during forecast period.

COVID-19 has impacted the well intervention market as it has significantly impacted the oil & gas industry. Many companies have to shut their services and assets due to lockdown. Many projects have been suspended or postponed due to pandemic. The crude oil prices have been impacted due to corona virus. The supply chain of oil & gas is also disrupted due to travel restrictions. The market will see decline during forecast period due to COVID-19.

Definition:

A well intervention can be defined as operation which is carried out on gas or oil well during the time of its productive life. Well intervention takes place in live well. It provides well diagnostics and helps in managing the well production.

Market Dynamics (Drivers/Opportunities):

The demand for oil & gas is increasing in various countries and this makes companies to increase the production. Many companies are enhancing the production from maturing oil & gas fields. The demand for extending life of mature fields is increasing which also increases the natural production levels. This drives growth in well intervention market during forecast period.

The E&P services to enhance productivities are rising in various counties such as South Arabia, China, and US etc. The deep seawater and ultra deep seawater exploration activities is increasing in North Sea, South China Sea and Persian Gulf etc. This increases demand for well intervention and drives growth in this segment during forecast period.

Market Insights, by Service

On the basis of service, the well intervention market is segmented into re-perforation, fishing, artificial lift, zonal isolation, sand control, logging & bottomhole survey, tubing/packer failure & repair, stimulation and others. The logging & bottomhole survey segment is estimated to dominate the market during forecast period.  Logging tools are used to measure various properties of well’s surface formations such as electrical, radioactive and electromagnetic properties. The logging & bottomhole helps in identifying the actual condition of a well and it helps in increasing production of unconventional resources. The demand and adoption of logging and bottomhole survey services is increasing around the globe and this drive growth in logging and bottomhole survey segment during forecast period.

Market Insights, by Application

On the basis of application, the well intervention market is segmented into onshore and offshore. The offshore segments is estimated to be fastest growing market during forecast period. The drilling operations are increasing in various regions such as Africa and North America due to new oilfield discoveries in offshore locations. There are various upcoming and planned explorations to be started in coming years in offshore locations. The offshore segment is sub-segmented into ultra-deepwater, deep-water and shallow water. The developments in offshore segment are increasing and this drives growth in offshore segment during forecast period.

Market Insights, by Well Type

On the basis of well type, the well intervention market is segmented into vertical well and horizontal well. The horizontal well segment is estimated to dominate the market during forecast period. Booming shale production requires hydraulic fracturing which is offered by horizontal well. Horizontal helps in focusing on improving primary production. It also helps in developing oilfield by reducing number of wells. The adoption of horizontal wells is increasing by many companies around the world and this drives growth in horizontal well segment during forecast period.

Regional Insights

North America region is estimated to hold largest market share during forecast period.  The unconventional resources are increasing in this region especially in US and Canada. The demand for well intervention is increasing rapidly in this region. The intervention is increasing onshore and offshore fields in US. Many new projects and planned exploration projects are beginning in coming years in this region. This drives growth in North America region during forecast period.

Key Companies & Market Share Insights

The key market players in well intervention industry are Halliburton, Schlumberger, Baker Hughes Company, Weatherford, Nextier Oilfield, Superior Energy Services, Archer, Expro Group, Trican, Pioneer Energy Services, Basic Energy Services, Nine Energy Services, Key Energy Services, Oceaneering International, Step Energy Services, Well Tec, Altus Intervention and Oilserv.

Segments Covered in the Report

This report forecasts The Global Well Intervention Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global well intervention market report on the basis of intervention type, application, services and well type.

Well Intervention Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Well Intervention Market, By Services, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Re-Perforation
  • Fishing
  • Artificial Lift
  • Zonal Isolation
  • Sand Control
  • Logging & Bottomhole Survey
  • Tubing/Packer Failure & Repair
  • Stimulation
  • Others
  1. Well Intervention Market, By Intervention Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Light Intervention
  • Medium Intervention
  • Heavy Intervention
  1. Well Intervention Market, By Well Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Horizontal Well
  • Vertical Well
  1. Well Intervention Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Onshore
  • Offshore
  1. Well Intervention Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Services
    • By Intervention Type
    • By Well Type
    • By Application
    • By Country
      • USA
        • By Application
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Services
      • By Intervention Type
      • By Well Type
      • By Application
      • By Country
        • Brazil
          • By Application
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Services
        • By Intervention Type
        • By Well Type
        • By Application
        • By Country
          • UK
            • By Application
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Services
          • By Intervention Type
          • By Well Type
          • By Application
          • By Country
            • China
              • By Application
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Services
            • By Intervention Type
            • By Well Type
            • By Application
            • By Country
              • Saudi Arabia
                • By Application
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Oilserv
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Halliburton
    • Schlumberger
    • Baker Hughes Company
    • Weatherford
    • Nextier Oilfield
    • Superior Energy Services
    • Archer
    • Expro Group
    • Trican
    • Pioneer Energy Services
    • Basic Energy Services
    • Nine Energy Services
    • Key Energy Services
    • Oceaneering International
    • Step Energy Services
    • Well Tec
    • Altus Intervention
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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