Well Intervention Market - Size, Share and Forecast 2019-2026

SKU: DEU97 | Last Updated On: Nov 26 2019 | No. of Pages: 230 | Available Formats

In August 2019, China-based COOEC Offshore has formed an alliance with international oilfield services company Expro, expanding its Riserless Well Intervention (RWI) capabilities and resources.

Market Overview

A well intervention is any operation carried out on an oil or gas well all through, or at the final level of its productive life, that modifies the state and situation of the well and or well geometry, provides well diagnostics or manages the production of the well. Well intervention can also be called as 'well work'. Well intervention operations are done using the slick line, wireline, or coiled tubing tools to clear the sand from falling into the well, to remove the paraffin, hydrates, or to clear the debris through the fishing operations. SBS Energy Services is an example of a company that focusses on snubbing/workover and coil tubing well intervention.

The global well intervention market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of 5.1 % during the forecast period

Market Overview

Market Dynamics

Growing production of crude oil across the globe is the major factor driving the well intervention market. Increasing demand for crude oil associated with an increase in installations of new production sites with the advanced technology with high precision are the factors additionally contributing the growth of the global well intervention market. According to the International Energy association in 2019, the daily production of offshore oil is expected to increase from 26.4 thousand barrels of oil equivalent per day to 27.4 thousand barrels of oil equivalent per day is expected to generate equal market growth and demand for well intervention market. Furthermore, In Middle East particularly in Saudi Arabia, oil production is increasing with double-digit growth. For instance, according to the U.S EIA, Saudi Arabia is the second major oil-producing nation, with an average production of 12.42 million barrels per day, accounting for 12% of global oil production.

Strict government regulations on E&P activities are the major market restraining factors. The oil and gas drilling sectors are recognized as a vital part of the global economy, in terms of the long- and short-term. There are many regulations that are normative for well intervention and subsea operations with the petroleum act. Regulatory issues include field access traffic and weight levels, frost thaw constraints, reclamation concerns, weed control issues, drainage and containment, fire suppression and response, seasonal wildlife concerns, dust control, access control (locked gates and ensuring sensitive areas aren't exposed to public traffic), final visual impact, noise and the duration of noise during development, mud transported to county or municipal roads and inspection requirements. So, getting all the permissions and following regulations ordered by the local governments mentioned above consumes a lot of time for processing which acts as a major restraint to start E&P activities.

Market Segmentation

By type, the global well intervention market is classified into heavy intervention, medium intervention, and light intervention. The global well intervention market size by the light intervention segment was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. It helps operators to monitor their field operations in both hardware and software systems to support in real-time and ensure the integrity of subsea production systems. Companies are focusing to introduce new technologies for light well interventions. For instance, FMC Technologies’ third-generation, riser-less, light well intervention (RLWI) stack is designed for well control operations to 6,500-ft water depth, The RLWI Stack has been installed on the subsea support vessel, Island Performer, chartered by FTO Services, a joint venture between FMC Technologies and Edison Chouest Offshore.

Based on the service, the global well intervention market is divided into sand control services, remedial cementing, logging & bottom hole survey, re-perforation, zonal isolation, and others. Others include artificial lift, fishing, and, well abandonment. The global well intervention market size by sand control services segment was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

On the basis of application, the well intervention market is segmented into offshore and onshore. The global well intervention market size by offshore segment was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

Geographical Analysis

The North America well intervention market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. North America is dominating the global Well Intervention market in 2018 and estimated to hold the largest market size over the forecast period (2019-2026).  North America accounted for the largest share of the market in 2018 due to the gradual rise in oil production and constant E&P activities. The top oil and gas companies like Exxon Mobile Corp, Chevron Corp, Anadarko Petroleum, Chesapeake Energy, Encana and many more are having its presence in North America particularly in USA. However, the market in APAC is anticipated to grow at the highest pace in the forecast period due to the presence of largest oil and gas consumption economies like India, China, Australia, and South East Asia countries. Companies in Asia Pacific are also focusing to form alliances to expand their market and resources. For instance, In August 2019, China-based COOEC Offshore has formed an alliance with international oilfield services company Expro, expanding its Riserless Well Intervention (RWI) capabilities and resources.

Competitive Landscape

The Well Intervention market is competitive with existing players in the market.  Some of the major players include C&J Energy Services, Superior Energy Services, Trican, Archer, Altus Intervention, Schlumberger Limited, Weatherford, Oilserv, Halliburton and Baker Hughes, A GE Company.

Key players are highly investing in R&D to sustain and improve market competitiveness. Few competitors are also adopting inorganic growth strategies such as mergers & acquisitions to diversify product portfolio and improve geographic footprint.

For instance, In August 2019, China-based COOEC Offshore has formed an alliance with international oilfield services company Expro, expanding its Riserless Well Intervention (RWI) capabilities and resources.

In August 2019, Norwegian oil major Equinor has received consent from the Petroleum Safety Authority (PSA) to use the Island Wellserver vessel for light well intervention.

In January 2017, Schlumberger acquired Peak Well System, a specialist in the design and development of advanced downhole tools for well intervention, well integrity and flow control.

Why Purchase the Report?

  • Visualize the composition of the well intervention in terms of various types of services, types and their applications highlighting the key commercial assets and players.

  • Identify commercial opportunities in the well intervention market by analyzing trends and co-development deals.

  • Excel data sheet with thousands of data points of well intervention market-level 4/5 segmentation.

  • A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

  • Product mapping in excel for the key product of all major market players

The Well Intervention report would provide access to an approx, 61 data tables, 53 figures, and 165 pages.

Target Audience

  • Service Providers/ Buyers

  • Industry Investors/Investment Bankers

  • Education & Research Institutes

  • Research Professionals

  • Emerging Companies

  • Manufacturers

  1. Well Intervention Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Well Intervention Market – Market Definition and Overview

  3. Well Intervention Market – Executive Summary

    1. Market Snippet by Type
    2. Market Snippet by Application
    3. Market Snippet by Service
    4. Market Snippet by Region
  4. Well Intervention Market Dynamics

    1. Market Impacting Factors
    2. Drivers
      1. An upsurge in the oil and gas industry
      2. Increase in energy demand
    3. Restraints
      1. Strict government guidelines and rules on e&p activities
    4. Opportunity
    5. Impact Analysis
  5. Well Intervention Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Regulatory Analysis
    3. Supply Chain Analysis
    4. Pricing Analysis
  6. Well Intervention Market – By Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      2. Market Attractiveness Index, By Type
    2. Heavy Intervention *
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Medium Intervention
    4. Light Intervention
  7. Well Intervention Market – By Application

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      2. Market Attractiveness Index, By Application
    2. Offshore*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Onshore
  8. Well Intervention Market – By Service

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Service
      2. Market Attractiveness Index, By Service
    2. Sand Control Services*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Remedial Cementing
    4. Logging & Bottom hole survey
    5. Re-perforation
    6. Zonal Isolation
    7. Others (Artificial Lift, Fishing, Well Abandonment)
  9. Well Intervention Market - By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Service
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Service
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Service
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Service
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. The Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Service
  10. Well Intervention Market Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  11. Well Intervention Market Company Profiles

    1. C&J Energy Services*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Superior Energy Services
    3. Trican
    4. Archer
    5. Altus Intervention
    6. Schlumberger Limited
    7. Weatherford
    8. Oilserv
    9. Halliburton
    10. Baker Hughes, A GE Company ("List not exhaustive")
  12. Well Intervention Market – DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

LIST OF TABLES:
Table 01 Global Well Intervention Market Value, By Type, 2018,2022 & 2026 (USD Million)
Table 02 Global Well Intervention Market Value, By Application, 2018,2022 & 2026 (USD Million)
Table 03 Global Well Intervention Market Value, By Service, 2018,2022 & 2026 (USD Million)
Table 04 Global Well Intervention Market Value, By Region, 2018,2022 & 2026 (USD Million)
Table 05 Global Well Intervention Market Value, By Type, 2018,2022 & 2026 (USD Million)
Table 06 Global Well Intervention Market Value, By Type, 2017-2026 (USD Million)
Table 07 Global Well Intervention Market Value, By Application, 2018,2022 & 2026 (USD Million)
Table 08 Global Well Intervention Market Value, By Application, 2017-2026 (USD Million)
Table 09 Global Well Intervention Market Value, By Service, 2018,2022 & 2026 (USD Million)
Table 10 Global Well Intervention Market Value, By Service, 2017-2026 (USD Million)
Table 11 Global Well Intervention Market Value, By Region, 2018,2022 & 2026 (USD Million)
Table 12 Global Well Intervention Market Value, By Region, 2017-2026 (USD Million)
Table 13 North America Well Intervention Market Value, By Type, 2017-2026 (USD Million)
Table 14 North America Well Intervention Market Value, By Application, 2017-2026 (USD Million)
Table 15 North America Well Intervention Market Value, By Service, 2017-2026 (USD Million)
Table 16 North America Well Intervention Market Value, By Country, 2017-2026 (USD Million)
Table 17 South America Well Intervention Market Value, By Type, 2017-2026 (USD Million)
Table 18 South America Well Intervention Market Value, By Application, 2017-2026 (USD Million)
Table 19 South America Well Intervention Market Value, By Service, 2017-2026 (USD Million)
Table 20 South America Well Intervention Market Value, By Country, 2017-2026 (USD Million)
Table 21 Europe Well Intervention Market Value, By Type, 2017-2026 (USD Million)
Table 22 Europe Well Intervention Market Value, By Application, 2017-2026 (USD Million)
Table 23 Europe Well Intervention Market Value, By Service, 2017-2026 (USD Million)
Table 24 Europe Well Intervention Market Value, By Country, 2017-2026 (USD Million)
Table 25 Asia-Pacific Well Intervention Market Value, By Type, 2017-2026 (USD Million)
Table 26 Asia-Pacific Well Intervention Market Value, By Application, 2017-2026 (USD Million)
Table 27 Asia-Pacific Well Intervention Market Value, By Service, 2017-2026 (USD Million)
Table 28 Asia-Pacific Well Intervention Market Value, By Country, 2017-2026 (USD Million)
Table 29 Middle East & Africa Well Intervention Market Value, By Type, 2017-2026 (USD Million)
Table 30 Middle East & Africa Well Intervention Market Value, By Application, 2017-2026 (USD Million)
Table 31 Middle East & Africa Well Intervention Market Value, By Service, 2017-2026 (USD Million)
Table 32 C&J Energy Services: Overview
Table 33 C&J Energy Services: Product Portfolio
Table 34 C&J Energy Services: Key Developments
Table 35 Superior Energy Services: Overview
Table 36 Superior Energy Services: Product Portfolio
Table 37 Superior Energy Services: Key Developments
Table 38 Trican: Overview
Table 39 Trican: Product Portfolio
Table 40 Trican: Key Developments
Table 41 Archer: Overview
Table 42 Archer: Product Portfolio
Table 43 Archer: Key Developments
Table 44 Altus Intervention: Overview
Table 45 Altus Intervention: Product Portfolio
Table 46 Altus Intervention: Key Developments
Table 47 Schlumberger Limited: Overview
Table 48 Schlumberger Limited: Product Portfolio
Table 49 Schlumberger Limited: Key Developments
Table 50 Weatherford: Overview
Table 51 Weatherford: Product Portfolio
Table 52 Weatherford: Key Developments
Table 53 Oilserv: Overview
Table 54 Oilserv: Product Portfolio
Table 55 Oilserv: Key Developments
Table 56 Halliburton: Overview
Table 57 Halliburton: Product Portfolio
Table 58 Halliburton: Key Developments
Table 59 Baker Hughes, A GE Company: Overview
Table 60 Baker Hughes, A GE Company: Product Portfolio
Table 61 Baker Hughes, A GE Company: Key Developments

LIST OF FIGURES:
Figure 01 Global Well Intervention Market Share, By Type, 2018 & 2026 (%)
Figure 02 Global Well Intervention Market Share, By Application, 2018 & 2026 (%)
Figure 03 Global Well Intervention Market Share, By Service, 2018 & 2026 (%)
Figure 04 Global Well Intervention Market Share, By Region, 2018 & 2026 (%)
Figure 05 Global Well Intervention Market Value, 2017-2026 (USD Million)
Figure 06 Global Well Intervention Market Y-o-Y Growth, By Type, 2018-2026 (%)
Figure 07 Heavy Intervention: Global Well Intervention Market Value, 2017-2026 (USD Million)
Figure 08 Medium Intervention: Global Well Intervention Market Value, 2017-2026 (USD Million)
Figure 09 Light Intervention: Global Well Intervention Market Value, 2017-2026 (USD Million)
Figure 10 Global Well Intervention Market Y-o-Y Growth, By Application, 2018-2026 (%)
Figure 11 Offshore: Global Well Intervention Market Value, 2017-2026 (USD Million)
Figure 12 Onshore: Global Well Intervention Market Value, 2017-2026 (USD Million)
Figure 13 Global Well Intervention Market Y-o-Y Growth, By Service, 2018-2026 (%)
Figure 14 Sand Control Services: Global Well Intervention Market Value, 2017-2026 (USD Million)
Figure 15 Remedial Cementing: Global Well Intervention Market Value, 2017-2026 (USD Million)
Figure 16 Logging & Bottom hole survey: Global Well Intervention Market Value, 2017-2026 (USD Million)
Figure 17 Re-perforation: Global Well Intervention Market Value, 2017-2026 (USD Million)
Figure 18 Others: Global Well Intervention Market Value, 2017-2026 (USD Million)
Figure 19 Global Well Intervention Market Y-o-Y Growth, By Region, 2018-2026 (%)
Figure 20 North America Well Intervention Market Value, 2017-2026 (USD Million)
Figure 21 North America Well Intervention Market Share, By Type, 2018 & 2026 (%)
Figure 22 North America Well Intervention Market Share, By Application, 2018 & 2026 (%)
Figure 23 North America Well Intervention Market Share, By Service, 2018 & 2026 (%)
Figure 24 North America Well Intervention Market Share, By Country, 2018 & 2026 (%)
Figure 25 South America Well Intervention Market Value, 2017-2026 (USD Million)
Figure 26 South America Well Intervention Market Share, By Type, 2018 & 2026 (%)
Figure 27 South America Well Intervention Market Share, By Application, 2018 & 2026 (%)
Figure 28 South America Well Intervention Market Share, By Service, 2018 & 2026 (%)
Figure 29 South America Well Intervention Market Share, By Country, 2018 & 2026 (%)
Figure 30 Europe Well Intervention Market Value, 2017-2026 (USD Million)
Figure 31 Europe Well Intervention Market Share, By Type, 2018 & 2026 (%)
Figure 32 Europe Well Intervention Market Share, By Application, 2018 & 2026 (%)
Figure 33 Europe Well Intervention Market Share, By Service, 2018 & 2026 (%)
Figure 34 Europe Well Intervention Market Share, By Country, 2018 & 2026 (%)
Figure 35 Asia-Pacific Well Intervention Market Value, 2017-2026 (USD Million)
Figure 36 Asia-Pacific Well Intervention Market Share, By Type, 2018 & 2026 (%)
Figure 37 Asia-Pacific Well Intervention Market Share, By Application, 2018 & 2026 (%)
Figure 38 Asia-Pacific Well Intervention Market Share, By Service, 2018 & 2026 (%)
Figure 39 Asia-Pacific Well Intervention Market Share, By Country, 2018 & 2026 (%)
Figure 40 Middle East & Africa Well Intervention Market Value, 2017-2026 (USD Million)
Figure 41 Middle East & Africa Well Intervention Market Share, By Type, 2018 & 2026 (%)
Figure 42 Middle East & Africa Well Intervention Market Share, By Application, 2018 & 2026 (%)
Figure 43 Middle East & Africa Well Intervention Market Share, By Service, 2018 & 2026 (%)
Figure 44 C&J Energy Services: Financials
Figure 45 Superior Energy Services: Financials
Figure 46 Trican: Financials
Figure 47 Archer: Financials
Figure 48 Altus Intervention: Financials
Figure 49 Schlumberger Limited: Financials
Figure 50 Weatherford: Financials
Figure 51 Oilserv: Financials
Figure 52 Halliburton: Financials
Figure 53 Baker Hughes, A GE Company: Financials
 

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