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North America Well Intervention Services Market 2016: Industry Insights, Statistics, Market Shares and Forecasts to 2022

Global Market Research Report on North America Well Intervention Services Market 2016 is a professional and in-depth complete study on the current state of the North America Well Intervention Services worldwide.


Deerfield Beach, FL -- (SBWIRE) -- 09/14/2016 -- Latest industry research report on Well intervention is an operation carried out on the gas or oil well to improve its performance and extend its lifespan. Operations performed in well intervention process include blowout recovery operation, milling inside casing, and deploying perforating guns under pressure. It provides easy access to subsea wells, restores deteriorating reservoir conditions, and pumps chemicals at the bottom of a well. The replacement of parts, elimination of well blockages, and running production strings are some of the operations that improve performance of the well.

Revitalization of aging wells and reinforcement of existing reserves have driven growth of the North American well intervention services market.

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However, high environmental risks and stringent government regulations are factors obstructing the growth of the market. On the other hand, demand for well intervention in subsea and focus on unconventional reserves create opportunities in the market.

The North America well intervention services market is segmented based on service type, applications, and countries. Service types discussed in the report are logging & bottom hole survey, tubing/packer failure & repair, stimulation, artificial lift, and others. The market is further classified based on applications into onshore and offshore. The countries such as U.S. and Canada are expected to experience tremendous growth.

The prominent companies operating in the market are Schlumberger Ltd.,

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Weatherford International PLC, Baker Hughes Inc., Nabors Industries Limited, Halliburton Co., Archer Limited, Expro International Group Holdings Ltd., FMC Technologies, and Aker Solutions ASA. These companies have adopted strategies, such as partnerships, agreements, joint ventures, collaborations, and others to strengthen their position in the market.