Report

Oil Well Intervention Services Market: Develop, Opportunities and Market Outlook (2016-26)

Oil and Gas industry is very capital intensive in nature with daily operational costs especially in exploration and production going up to millions of dollars. This propels a need of optimizing the exploration and production activities to not only ensure maximum production from reservoir, but to also minimize the total capital expenditure. Various technologies are implemented in the industry to optimize hydrocarbon production and to solve the well problems in a time efficient and effective manner.

Well Intervention are processes and techniques implemented on an Oil and Gas well to extend its production lifespan by either improving its performance or by providing access to stranded or addition reserves. Well intervention also includes methods which are implemented for maintaining as well as treating problems that a well faces. Further, well Intervention techniques are implemented for the following reasons.

  • Stimulate zones – fracture and/or acidize
  • Acquire downhole integrity, formation and flow data
  • Repair/replace broken equipment
  • Repair/replace equipment to optimize flow
  • Remove debris and deposits
  • Remove broken/ stuck equipment from wellbore etc.

The growing exploration and production activities mark a substantial growth in well intervention services requirement. Well testing services Market had an estimated worth of 7.88 billion dollars in 2016, and is growing at a steady rate of XX% every year. Our extensive and in-depth analysis concludes that the market is booming and suggests that it will eventually reach an approximated net worth of xx billion dollars by 2026.

Technology and services overview:

The main objectives of Well Intervention techniques are to optimize and improve the overall performance of the wells and the reservoir on the whole and provide well diagnostics. Well Interventions fall under two general categories:

  • Light Interventions: In these, the technicians lower the tools or sensor into a live well. The pressure is contained and controlled at the surface.
  • Heavy Interventions: In these, the technicians need to remove the entire completion string from the well in order to make major changes in the wellbore configuration. It requires stopping the production and thus, killing the well.

Various types of well intervention techniques and methods are used. The main types of well intervention techniques are:

  • Slickline: Slicklines are primarily used to perform fishing, gauge cutting, memory logging and plug deploying and removing operations
  • Braided Line: This is more complex than slick line, it uses grease injection systems. Braided lines also include coreless variety for heavy operations (perforating etc.)
  • Coiled Tubing: It is used in order to pump chemicals directly into the bottom of the well. This is required in circulation and chemical wash operations
  • Thru-Tubing Intervention: In this, intervention is performed by the help of tubing itself. These are used for various operations like pulling, centralizing, indexing, and cutting etc.
  • These deal with repairing the current well production or to stimulate it in order to increase the pWorkover Operations:roduction. It is used for restoring, prolonging or enhancing the overall production life of the well
  • Subsea Intervention: Though costly in nature, higher costs drilling offshore wells has necessitated the need of subsea interventions. Specialized tools and equipments are used for the same etc.

Thorough and comprehensive analysis of complete Well Intervention process, technology, advancements, procedure, along with equipments used is provided in the report.

The market is consistently driven mainly by tremendous development in production activities across the globe, constant need of equipment repairs and maintenance, production declines, Data acquisition needs etc. As well maintenance is absolutely essential for production optimization especially for wells with high drilling costs (directional wells, off shore wells etc.), it has only some minor restraining factors. Lower oil prices will reduce the E&P activities and thus affect the well intervention market. Intervention equipment conveyance problems in unconventional wells, higher costs of latest methods etc. also threaten the widespread use of well intervention techniques and therefore, pose a challenge for the market. However, as well intervention methods are essential for basic functioning of modern day wells, along with increasing research and development marks a tremendous growth opportunity in oil well intervention services market in the coming years.

Comprehensive competitive analysis and profiles of major market players such as GE Oil & Gas, Baker Hughes Incorporated, Halliburton Company, Schlumberger Limited, Weatherford International plc, Expro International Group Holdings Ltd., Archer Limited, Welltec International Aps, Technip FMC plc , Trican Well Service Ltd., Basic Energy Services, Inc., Superior Energy Services, Inc., Key Energy Services, Inc., and Lupatech SA etc. is also provided in the report.

Kindly fill the details below to get the Table of Contents

By Location

  • Onshore service
  • Offshore service

By Primary Categorization:

  • Light Interventions
  • Heavy Interventions

By Nature of Application:

  • Stimulate zones – fracture and/or acidize
  • Acquire downhole integrity, formation and flow data
  • Repair/replace broken equipment
  • Repair/replace equipment to optimize flow
  • Remove debris and deposits
  • Remove broken/ stuck equipment from wellbore etc.
  • Others

By Technology Used:/p>

  • Slickline
  • Braided Line
  • Coiled Tubing
  • Thru-Tubing Intervention
  • Workover Operations
  • Subsea Intervention
  • Others

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa
  • Market overview and forecasting covering Optimistic, Realistic and Pessimistic scenarios (2016-2026)
  • Analysis and study of various services provided by major players active in the Oil well intervention services market
  • Market segmentation based on Location, Primary Categorization, Nature of Application, Technology Used & Geography
  • Detailed coverage of technology and services involved
  • Technical comparative studies and case analysis
  • Competitive landscape with in depth analysis of the market players’ strategy
  • Infraline’s Techno Managerial edge covering SWOT, TOWS, Porter’s five forces and PESTLE analysis

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