Global Well Intervention Market Research Report -  Forecast to 2027

Well intervention Market Information Report by service (Logging & bottom hole survey, Stimulation, Artificial Lift, Re-perforation and Others), By Application (Onshore and Offshore) and By Region - Forecast To 2027

ID: MRFR/E&P/2093-HCR | February 2021 | Region: Global | 111 pages

Impact of COVID-19 on the Global Well Intervention Market
Well Intervention Market


Source: Primary Experts, Secondary Sources, and MRFR Analysis


The COVID-19 pandemic has severely affected the oil & gas sector. In Q1 of 2020, the declaration of COVID-19 as a global pandemic led to strict lockdowns being implemented across several countries worldwide. Government authorities imposed stringent restrictions that compelled the industry players to allow their employees to work remotely. The use of technologies, including advanced electronics and automated machinery during the pandemic, has not only ensured the continuity of businesses but has also enhanced work productivity, supporting the growth of the well intervention market.


Future investments in the energy sector and government initiatives towards energy generation projects are expected to provide growth opportunities for the global well intervention market players. The demand for these services has been hindered temporarily in recent months due to the shutting down of businesses worldwide. However, it is projected to recuperate in the coming months and grow substantially over the forecast timeframe. The fluctuating supply and prices of raw materials have also affected the growth of the global well intervention market. Moreover, in March 2020, the lockdowns imposed to curb the spread of the virus led to the temporary closing of production facilities and offices.


PRODUCTION OF CRUDE OIL IN TOP 5 LEADING COUNTRIES


Source: Secondary Sources


There is a high probability that the COVID-19 outbreak will have long-term effects on consumer preferences and lifestyles. China is a prominent supplier of raw materials used in the well intervention industry. The increasing conflicts between China and numerous other countries owing to the spread of COVID-19 are likely to hamper the market growth. The global well intervention market in the Middle East & Africa region is expected to recover steadily in the post-lockdown period, with countries such as Saudi Arabia and the UAE witnessing rewarding opportunities to recover from the losses sustained during the COVID-19 pandemic.

Table of Contents

1 Executive Summary

2 Research Methodology

2.1 Scope of the Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4 Global Well Intervention Market, By Services

4.1 Artificial Lift

4.2 Logging and bottom hole survey

4.3 Stimulation

4.4 Re-perforation

4.5 Others

5 Global Well Intervention Market, By Application

5.1 Introduction

5.2 Onshore

5.3 Offshore

6 Regional Market Analysis

6.1 Introduction

6.2 North America

6.2.1 U.S.

6.2.2 Canada

6.3 Europe

6.3.1 U.K

6.3.2 France

6.3.3 Germany

6.3.4 Spain

6.3.5 Rest of Europe

6.4 Asia-Pacific

6.4.1 China

6.4.2 Japan

6.4.3 India

6.4.4 Rest of Asia-Pacific

6.5 Rest of the World

7 Competitive Analysis

7.1 Introduction

7.2 Competitive Scenario

7.2.1 Market Share Analysis

7.2.2 Market Development Analysis

7.2.3 Services/Service Benchmarking

7.3 GE Oil & Gas (U.K.)

7.3.1 Overview

7.3.2 Services/Service Offering

7.3.3 Strategy

7.4 Halliburton Company (U.S.)

7.4.1 Overview

7.4.2 Services/Service Offering

7.4.3 Strategy

7.5 Schlumberger Limited (U.S)

7.5.1 Overview

7.5.2 Services/Service Offering

7.5.3 Strategy

7.6 TechnipFMC plc. (U.K.)

7.6.1 Overview

7.6.2 Services/Service Offering

7.6.3 Strategy

7.7 Baker Hughes Incorporated (U.S.)

7.7.1 Overview

7.7.2 Services/Service Offering

7.7.3 Strategy

7.8 Weatherford International plc. (Switzerland)

7.8.1 Overview

7.8.2 Services/Service Offering

7.8.3 Strategy

7.9 Archer Limited (U.K)

7.9.1 Overview

7.9.2 Services/Service Offering

7.9.3 Strategy

7.10 Trican Well Service Ltd. (Canada)

7.10.1 Overview

7.10.2 Services/Service Offering

7.10.3 Strategy

7.11 Superior Energy Services, Inc. (U.S.)

7.11.1 Overview

7.11.2 Services/Service Offering

7.11.3 Strategy

7.12 Basic Energy Services, Inc. (U.S.)

7.12.1 Overview

7.12.2 Services/Service Offering

7.12.3 Strategy

LIST OF TABLES

TABLE 1 GLOBAL WELL INTERVENTION MARKET, BY SERVICES

TABLE 2 GLOBAL WELL INTERVENTION MARKET, BY APPLICATION

TABLE 3 GLOBAL WELL INTERVENTION MARKET, BY REGIONS

TABLE 4 NORTH AMERICA WELL INTERVENTION MARKET, BY COUNTRY

TABLE 5 NORTH AMERICA WELL INTERVENTION MARKET, BY SERVICES

TABLE 6 NORTH AMERICA WELL INTERVENTION MARKET, BY APPLICATION

TABLE 7 U.S. WELL INTERVENTION MARKET, BY SERVICES

TABLE 8 U.S. WELL INTERVENTION MARKET, BY APPLICATION

TABLE 9 CANADA WELL INTERVENTION MARKET, BY SERVICES

TABLE 10 CANADA WELL INTERVENTION MARKET, BY APPLICATION

TABLE 11 EUROPE WELL INTERVENTION MARKET, BY COUNTRY

TABLE 12 EUROPE WELL INTERVENTION MARKET, BY SERVICES

TABLE 13 EUROPE WELL INTERVENTION MARKET, BY APPLICATION

TABLE 14 GERMANY WELL INTERVENTION MARKET, BY SERVICES

TABLE 15 GERMANY WELL INTERVENTION MARKET, BY APPLICATION

TABLE 16 FRANCE WELL INTERVENTION MARKET, BY SERVICES

TABLE 17 FRANCE WELL INTERVENTION MARKETS, BY APPLICATION

TABLE 18 U.K. WELL INTERVENTION MARKETS, BY SERVICES

TABLE 19 U.K. WELL INTERVENTION MARKETS, BY APPLICATION

TABLE 20 REST OF EUROPE WELL INTERVENTION MARKET, BY SERVICES

TABLE 21 REST OF EUROPE WELL INTERVENTION MARKET, BY APPLICATION

TABLE 22 ASIA-PACIFIC WELL INTERVENTION MARKET, BY COUNTRY

TABLE 23 ASIA-PACIFIC WELL INTERVENTION MARKET, BY SERVICES

TABLE 24 ASIA-PACIFIC WELL INTERVENTION MARKET, BY APPLICATION

TABLE 25 RWO WELL INTERVENTION MARKET, BY SERVICES

TABLE 26 ROW WELL INTERVENTION MARKET, BY APPLICATION  

LIST OF FIGURES

FIGURE 1 RESEARCH TYPE

FIGURE 2 GLOBAL WELL INTERVENTION MARKET: BY SERVICES (%)

FIGURE 3 GLOBAL WELL INTERVENTION MARKET: BY APPLICATION (%)

FIGURE 4 GLOBAL WELL INTERVENTION MARKET: BY REGION

FIGURE 5 NORTH AMERICA WELL INTERVENTION MARKET, BY SERVICES (%)

FIGURE 6 NORTH AMERICA WELL INTERVENTION MARKET, BY APPLICATION (%)

FIGURE 7 EUROPE WELL INTERVENTION MARKET, BY SERVICES (%)

FIGURE 8 EUROPE WELL INTERVENTION MARKET, BY APPLICATION (%)

FIGURE 9 ASIA-PACIFIC WELL INTERVENTION MARKET, BY SERVICES (%)

FIGURE 10 ASIA-PACIFIC WELL INTERVENTION MARKET, BY APPLICATION (%)

FIGURE 11 ROW WELL INTERVENTION MARKET, BY SERVICES (%)

FIGURE 12 ROW WELL INTERVENTION MARKET, BY APPLICATION (%)