Rising demand for energy is playing a major role in driving the well intervention market

Portland, OR -- (SBWire) -- 08/11/2017 --Well Intervention helps in entering a well safely with well control technologies. These technologies are mainly used for performing various activities other than drilling. Well intervention tasks are carried on oil & gas well, with the aim to increase the production span. Besides this, well intervention technology optimizes the performance and offers an access to additional hydrocarbon reserves. Oil & gas well needs intervention owing to different reasons including excess sand production, flow restrictions and mechanical failure.

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Rising energy demand has played a major role in driving the well intervention market. In addition, emergence of new oilfields has also contributed to the growth of this market. Moreover, revitalization of conventional brown field wells has favored the market growth. Increasing need for well intervention mainly in subsea, is expected to create greater opportunities worldwide.

The world well intervention market is segmented based on services, application and geography. Services covered in the market research report include fishing, stimulation, re-perforation, zonal isolation, packer failure repair, remedial cementing, stimulation, sand control services and logging, bottomhole survey and others. Applications assessed in during the study are onshore and offshore. Regions such as North America, Europe, Asia Pacific and LAMEA.

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Key market players active in the well intervention market are Schlumberger, Halliburton, Saint Gobain, Bilco Tools, Excalibre Downhole Tools, Wenzel Downhole Tools, United Drilling Tools, Anton Oilfield Services and Schoeller Bleckmann Oilfield Equipment AG.