United States well intervention
services market is expected to grow at a substantial rate during the forecast
period. The key factors for the growth of United States well intervention
service market is upsurge in oil & gas production, rising demand for energy
and reactivation of mature oilfields. Moreover, increasing investments in the upstream
sector coupled with continuous shale developments are the other reasons which
are expected to drive the United States well intervention services market in
the forthcoming years. Well intervention is carried out on oil and gas well to
extend its lifespan and to improve its performance which is done by replacing
the parts, eliminating well blockages and by running production strings. However,
high environmental risks and stringent government regulations are some of factors
which might act as major impediments to the market during the forecast
period.
The United States well
intervention services market is segmented based on intervention type, service, application,
region and company. Based on application, the market can be bifurcated into Onshore and Offshore. The
offshore segment is expected to grow at the fastest rate during the forecast
period due to availability of many subsea wells and easy mobility on offshore
rigs. Offshore drilling is done under the ocean and includes pre-salt and
deep-water drilling. Drilling operations are expected to increase in the
upcoming years on account of new oilfield discoveries in deepwater and ultra-deepwater
offshore locations. Moreover, rising deepwater drilling and production
activities in the United States, supported by government policies are anticipated
to positively influence the growth of this segment over the coming years.
The major players operating in the
United States well intervention services market are Baker Hughes Incorporated, Schlumberger
Limited, Basic Energy Services, Inc, Halliburton Company, Weatherford
International plc, GE Oil & Gas, National Oilwell Varco, Superior Energy
Services, Inc, among others. Major companies are developing advanced services
in order to stay competitive in the market. Other competitive strategies
include mergers & acquisitions in order to increase their customer bases
and expand their geographic reach.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the Study:
- To analyze and forecast the market size of United
States well intervention services market.
- To classify and forecast United States well
intervention services market based on intervention type, service,
application, company and regional distribution.
- To identify drivers and challenges for United
States well intervention services market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in United
States well intervention services market.
- To identify and analyze the profile of leading
players operating in United States well intervention services market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of service providers across the country. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the service providers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the service providers, distribution channels and presence of all
major players across the country.
TechSci Research calculated the market size of United States well intervention
services market by using a bottom-up approach, wherein data for various
end-user segments was recorded and forecast for the future years. TechSci
Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of
these product types and applications for getting an appropriate, overall market
size. Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations and financial reports
were also studied by TechSci Research.
Key Target Audience:
- Well intervention service
providers
- Market research and
consulting firms
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to well intervention services
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as service providers and partners, end users, etc., besides allowing them
in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, United States well
intervention services market has been segmented into following categories,
in addition to the industry trends which have also been detailed below:
- Market, By Intervention Type:
- Market, By Service:
- Logging & Bottom hole Survey
- Tubing & Packer Failure & Repair
- Stimulation
- Remedial Cementing
- Zonal Isolation
- Sand Control
- Artificial Lift
- Market, By Application:
o
Onshore
o
Offshore
o
West
o
Northeast
o
Midwest
o
South
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in United States well intervention services market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
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