Well Intervention Market Driven by New Oilfield Discoveries and Heavy Investments in Offshore Oil & Gas Assets: Fact.MR Study
According to a recently released FactMR report, the global market of well intervention reached an estimated value of nearly US$ 6 billion in 2017, and is likely to expand at an impressive 6% value CAGR during the 2018-2026 period. Heavy investments in discovery of new oilfields reserves on the account of rapid depletion of existing reserves and incessant demand for oil and gas are anticipated to translate into the growth of well intervention market.
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