DUBLIN, July 28, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/b5d6xj/global_well) has announced the addition of the "Global Well Intervention Services Market 2015-2019" report to their offering.
The global well intervention services market to grow at a CAGR of 4.0% over the period 2014-2019.
Well intervention services are a series of recovery and maintenance activities carried out to replenish an oil or gas well. Operations are aimed at increasing the production life of a well. With growing demand for oil and gas, utilization of the existing and new oil and gas reserves to the fullest has become a prime goal.
This report covers the present scenario and the growth prospects of the global well intervention services market during the period 2015-2019. For calculating the market size and vendor share, the report considers the revenue obtained from the five major services carried out in well intervention services market globally.
With the increased preference for subsea wells, the operating costs of well intervention services directly affect the profit margins of service providers. Reducing the costs of intervention has been the driving force for the development of riserless well intervention systems. There is also an upcoming trend of digital oil fields in the market.
According to the report, the gradual increase in the demand for oil and gas has been acting as a driving force for investment and growth in the exploration and production segment. The demand for oil was recorded as 92.99 mb/d for the first quarter of 2015.
Further, the report states that the market is capital-intensive, and operations are hindered by cost overruns because of technical glitches and price fluctuations, leading to a decline in exploration and production spending worldwide.
- Aker Solutions
- Superior Energy Services
- Weatherford International
Other Prominent Vendors
- Archer Well
- EXPRO International Group
- Helix Energy Solutions Group
- National Oil Well Varco
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Application
- Market Segmentation by Services
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/b5d6xj/global_well
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets