Global Well Intervention Market: Opportunities and Forecasts
- Submitted by: SharonWilliams
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- Date Submitted: 07/27/2016 01:41 AM
- Pages: 4
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27 July, 2016, Navi Mumbai, India: Marketreportsonsaudiarabia.com presents a new report on “Global Well Intervention Market: Opportunities and Forecasts” The level of spending in the energy industry is heavily influenced by changes in the current and expected future prices of oil and natural gas, drilling rig counts, well counts, well completions and work over activity.
http://www.marketreportsonsaudiarabia.com/energy-utility-market-research-reports-3308/global-well-intervention-logging-tubing-stimulation-sand-control-services-re-perforation.html
Increase in demand for crude oil and fuel along with preventive steps for aging wells from well owners, increasing number of drill rig count and decrease in the productivity of various gas and oil wells, are the basic reasons behind increased demands for the intervention services in both onshore and offshore areas.
Logging and Bottom hole Survey and Tubing/Packer Failure Repair Service is expected to dominate the Well Intervention Market with Stimulation Services showing the highest growth rate. Boost in the Africa and Asia Pacific Market with North America expected to dominate in future. Offshore region will be the emerging market while Onshore will cater to most of the demand of Well Intervention Services Market. The African Market is the highest growing market with Nigeria being the major market. North America is having high growth with U.S. providing momentum, and Europe is having sluggish growth with Russia being the major market. North & Central America shows moderate growth in Well Intervention industry.
There has been a growing need for prolongation of well life due to aging well assets. Hike in Exploration & Production (E&P) activities especially in U.S. has led to increase in demand for energy. Development of new Oil fields along with maturing wells has also driven the market. This has increased drilling rig counts which in turn increases the demand for Well Intervention Services. Stringent government...
http://www.marketreportsonsaudiarabia.com/energy-utility-market-research-reports-3308/global-well-intervention-logging-tubing-stimulation-sand-control-services-re-perforation.html
Increase in demand for crude oil and fuel along with preventive steps for aging wells from well owners, increasing number of drill rig count and decrease in the productivity of various gas and oil wells, are the basic reasons behind increased demands for the intervention services in both onshore and offshore areas.
Logging and Bottom hole Survey and Tubing/Packer Failure Repair Service is expected to dominate the Well Intervention Market with Stimulation Services showing the highest growth rate. Boost in the Africa and Asia Pacific Market with North America expected to dominate in future. Offshore region will be the emerging market while Onshore will cater to most of the demand of Well Intervention Services Market. The African Market is the highest growing market with Nigeria being the major market. North America is having high growth with U.S. providing momentum, and Europe is having sluggish growth with Russia being the major market. North & Central America shows moderate growth in Well Intervention industry.
There has been a growing need for prolongation of well life due to aging well assets. Hike in Exploration & Production (E&P) activities especially in U.S. has led to increase in demand for energy. Development of new Oil fields along with maturing wells has also driven the market. This has increased drilling rig counts which in turn increases the demand for Well Intervention Services. Stringent government...