13 August 2017
Visiongain’ has launched a new energy report Well Intervention Market Report 2017-2027: Forecasts By Service (Logging & Bottom Hole Survey, Tubing/Packer Failure & Repair, Stimulation, Remedial Cementing, Zonal Isolation, Sand Control Services, Artificial lift, Fishing, Re-Perforation, Others) By Application (Onshore, Offshore) By Region Plus Analysis of Leading Companies
Well intervention, or 'well work', refers to productivity and efficiency. Major problems that occur in an operating well includes wax, hydrates, operations executed in an oil or gas well throughout or at last stage of production to alter the state of the well and or well geometry, and deliver well diagnostics for increasing its prose related permeability concerns, CO2 corrosion and obstructions. These services have huge prospects to improve well production subject to appropriate designing and implementation.
The visiongain report analyst commented “Emerging regions are set to witness rigorous oil & gas field development, which is driving the need for well intervention services. The occurrence of massive unmapped hydrocarbon-rich reserves availability in onshore and offshore basins along with high dependence of numerous economies in the industry are set to propel the market growth in the near future. With many reserves and wells reaching their maturity stage, well intervention services have proved to be vital for production revitalization. The growing requirement for improved production and the need to extract the maximum hydrocarbons from current fields is further anticipated to boost regional market growth”.
Leading companies featured in the report who are developing Well Intervention Services include Halliburton, Superior Energy Services, Baker Hughes, GE Oil & Gas, Archer Limited
& Lupatech SA
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