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: 2014–2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

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:
• Light
• Medium
• Heavy
•  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

• Regions:

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).