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Global Well Intervention Services Market 2017-2021

Global Well Intervention Services Market 2017-2021

About Well Intervention Services

Well intervention is a part of the upstream segment. After the drilling of the well is done, the well has to be readied for production. All the activities that prepare the well for production come under well intervention services. Moreover, after the production starts, activities such as coring and fishing may also be carried out if required. Workover operations in a well are also a part of well intervention services. A well intervention is performed on an oil or gas well during or at the end of its productive life.

Technavio’s analysts forecast the global well intervention services market to grow at a CAGR of 4.26% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global well intervention services market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Well Intervention Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Baker Hughes
  • Halliburton
  • National Oilwell Varco
  • Schlumberger
  • Weatherford
Other prominent vendors
  • EQT (previously Aker Solutions)
  • AKOFS OFFSHORE
  • ALTUS INTERVENTION
  • Archer
  • Axis Well Technology
  • BlueSparkEnergy
  • Danum Well Services
  • DeepWell
  • Expro Group
  • Gulf Intervention Services DMCC
  • Hunting
  • Kinetic Services
  • Nabors Industries
  • Nordic Well Services
  • Oceaneering International
  • TechnipFMC
  • Wild Well Control
  • WISE Intervention Services
Market driver
  • Growth of drilling activities in unconventional areas
  • For a full, detailed list, view our report
Market challenge
  • Decline in investments in upstream sector
  • For a full, detailed list, view our report
Market trend
  • Technological advances in well intervention techniques
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Well Intervention Services Market 2017-2021

Technavio recognizes the following companies as the key players in the global well intervention services market: Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger, and Weatherford.

Other Prominent Vendors in the market are: EQT (previously Aker Solutions), AKOFS OFFSHORE, ALTUS INTERVENTION, Archer, Axis Well Technology, BlueSparkEnergy, Danum Well Services, DeepWell, Expro Group, Gulf Intervention Services DMCC, Hunting, Kinetic Services, Nabors Industries, Nordic Well Services, Oceaneering International, TechnipFMC, Wild Well Control, and WISE Intervention Services.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is technological advances in well intervention techniques. Technology is rapidly evolving in the oil and gas industry. New innovations are flowing into the industry to ensure greater recovery from oil and gas reserves. These innovations also cover the well intervention process.”

According to the report, one driver in the market is growth of drilling activities in unconventional areas. Unconventional oil and gas resources include shale gas, coal bed methane, gas hydrates, tight oil, oil sands, and others. These resources are costly to produce and tough to exploit. Technological advances and operational efficiencies have driven cost reductions, thus spurring the exploitation of unconventional resources. In the US, the shale gas boom saw the rise of unconventionally produced natural gas supplies. The huge discovery of oil sands in Canada have shown the unlimited opportunities for oil exploration.

Further, the report states that one challenge in the market is decline in investments in upstream sector. As per the International Energy Agency (IEA), the upstream oil and gas industry witnessed a 44% decline in investments during 2014-2016, owing to the cost reductions by various upstream companies worldwide after the fall in global crude oil prices. As per the US EIA, crude oil prices, which were over $117.80/bbl. in June 2014, saw a quick decline to $47.76/bbl. in January 2015, in a span of just seven months. Crude oil prices continued to fall to $30.70/bbl. in January 2016 and were around $51.70/bbl. in August 2017. This has significantly affected the profitability of upstream oil and gas companies.

Companies Mentioned

Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger, Weatherford, EQT (previously Aker Solutions), AKOFS OFFSHORE, ALTUS INTERVENTION, Archer, Axis Well Technology, BlueSparkEnergy, Danum Well Services, DeepWell, Expro Group, Gulf Intervention Services DMCC, Hunting, Kinetic Services, Nabors Industries, Nordic Well Services, Oceaneering International, TechnipFMC, Wild Well Control, and WISE Intervention Services.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Major segments of oil and gas industry
    • Well intervention
  • Market landscape
    • Market overview
      • Table Global well intervention services market segmentation
    • Market size and forecast
      • Table Global well intervention services market 2016-2021 ($ billions)
      • Table Global liquid fuel consumption 2007-2018 (mbpd)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global well intervention services market by application 2016
      • Table Global well intervention services market by application 2016 (%)
    • Global well intervention services market by application 2021
      • Table Global well intervention services market by application 2021 (%)
    • Global well intervention services market by application 2016-2021
      • Table Global well intervention services market by application 2016-2021 (%)
    • Global onshore well intervention services market
      • Table Global onshore well intervention services market 2016-2021 ($ billions)
    • Global offshore well intervention services market
      • Table Global offshore well intervention services market 2016-2021 ($ billions)
  • Market segmentation by service type
    • Global well intervention services market by service type
  • Geographical segmentation
    • Regional landscape
      • Table Global - market size & forecast (%)
    • Regional comparison
      • Table Regional comparison
    • Americas - market size & forecast
      • Table Americas - market size & forecast ($ billions)
      • Table Americas - Year over year growth (%)
      • Table Well intervention services market in Americas: Top three countries
    • EMEA - market size & forecast
      • Table EMEA - market size & forecast ($ billions)
      • Table EMEA - Year over year growth (%)
      • Table Well intervention services market in EMEA: Top three countries
    • APAC - market size & forecast
      • Table APAC - market size & forecast ($ billions)
      • Table APAC - Year over year growth (%)
      • Table Well intervention services market in APAC: Top three countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global tight oil production 2015 and 2040 (mbpd)
      • Table Natural gas production by type in China and US 2012 and 2040 (tcf)
    • Market challenges
      • Table Change in upstream oil and gas investment 2017 vs. 2016 (%)
      • Table Global rig count 2014-2016 (number of rigs)
      • Table Global investments in renewables 2000-2016 ($ billions)
  • Market trends
    • Technological advances in well intervention techniques
    • New-generation, automated drilling rigs
    • Laser drilling in oil and gas sector
    • Supercritical carbon dioxide in shale gas fracking
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors (indicative list)
  • Key vendor analysis
    • Baker Hughes
      • Table Baker Hughes: Key products/services
    • Halliburton
      • Table Halliburton: Key products/services
    • National Oilwell Varco
      • Table National Oilwell Varco: Key products/services
    • Schlumberger
      • Table Schlumberger: Key products/ services
    • Weatherford
      • Table Weatherford: Key products/services
  • Appendix
    • List of abbreviations
  • Explore Technavio

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