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Europe Well Intervention Services Market by Service Types (Logging & Bottom Hole Survey, Tubing/Packer Failure & Repair, Stimulation, Artificial Lift, Others), by Application (Onshore & Offshore), and by Geographies – Analysis & Forecast to 2019

  • Report Code: WE 1099
  • Publish Date: 18 May 2015
  
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The purpose of this report is to cover the definition, description, and forecast European well intervention services market. It involves a deep dive analysis of the market segmentation, which is based on service and application. The report also provides deep insights into the competitive landscape of the market through a strategic analysis of the key players. The well intervention services market, in terms of application areas, is segmented into onshore and offshore.

 

Well intervention is the process of intrusion in the well to enhance production which has declined due to change in reservoir conditions or any other operational difficulties. It improves the productivity of the existing wells. The techniques such as logging & bottom hole survey, tubing/packer failure & repair, stimulation, remedial cementing, zonal isolation, sand control services, artificial lift services, fishing, re-perforation, are used according to the geographical locations, type of service required, and other technological & commercial requirements of the service.

 

European well intervention services market was valued $2,698.7 million in 2014 and is expected to reach $3,499.7 million by 2019, projected to grow at a CAGR of 5.3% from 2014 to 2019. A large number of shares are attributed to the increased exploration of gas reserves by oil field operators to drill and complete the additional wells.

 

The onshore market accounted for the largest market share of 54.0% within the well intervention market in 2014. The offshore well intervention activities held the market share of 46.0% in 2014. The advanced technologies are required for offshore activities, which makes offshore well intervention expensive in comparison to onshore activities.

 

The major companies operating in European well intervention services market are Baker Hughes Inc. (U.S.), Aker Solutions ASA (Norway), Halliburton (U.S.), Schlumberger Ltd (U.S.).

 

Market share analysis, by revenue, of the top companies is also included in the report. This scope is expected to aid the market participants to identify high growth markets and help by managing the key investment decisions. For this report, major players in European well intervention market have been identified through various primary and secondary sources, which include annual reports of top market players, interviews with key opinion leaders such as CEOs, directors, and the marketing personnel. Based on this research, the market shares are evaluated and validated.



Table of Contents


1 Introduction (Page No. - 10)
    1.1 Objectives of the Study
    1.2 Market Segmentation & Coverage
    1.3 Stakeholders


2 Research Methodology (Page No. - 12)
    2.1 Integrated Ecosystem of European Well Intervention Services Market
    2.2 Arriving at the Well Intervention Services Market Size
           2.2.1 Top-Down Approach
           2.2.2 Bottom-Up Approach
           2.2.3 Demand Side Approach
           2.2.4 Macroindicator-Based Approach
    2.3 Assumptions


3 Executive Summary (Page No. - 20)


4 Market Overview (Page No. - 22)
    4.1 Introduction
    4.2 Well Intervention Services Market: Comparison With Parent Market
    4.3 Market Drivers and Inhibitors
    4.4 Key Market Dynamics
    4.5 Demand Side Analysis


5 European Well Intervention Services Market, By Application (Page No. - 28)
    5.1 Introduction
    5.2 Well Intervention Services in Onshore, By Country
    5.3 Well Intervention Services in Offshore, By Country


6 Well Intervention Services Market, By Type (Page No. - 33)
    6.1 Introduction
    6.2 European Well Intervention Services Market, Type Comparison With Parent Market


7 Well Intervention Services Market, By Country (Page No. - 37)
    7.1 Introduction
    7.2 Russian Well Intervention Services Market
    7.3 Norwegian Well Intervention Services Market
    7.4 U.K. Well Intervention Services Market
           7.4.1 U.K. Well Intervention Services Market, By Application
    7.5 Denmark Well Intervention Services Market


8 European Well Intervention Services Market: Competitive Landscape (Page No. - 48)
    8.1 Well Intervention Services Market: Company Share Analysis
    8.2 Company Presence in Well Intervention Services Market, By Type
    8.3 Mergers & Acquisitions
    8.4 Joint Ventures
    8.5 Contracts


9 European Well Intervention Market, By Company (Page No. - 54)
(Overview, Financials, Products & Services, Strategy, and Developments)*
    9.1 Schlumberger Ltd.
    9.2 Baker Hughes Inc.
    9.3 Halliburton Co
    9.4 Weatherford International PLC
    9.5 Aker Solutions ASA
*Details On Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Company


10 Appendix (Page No. - 76)
     10.1 Customization Options
             10.1.1 Products and Services Benchmarking Analysis
             10.1.2 Regulatory Framework
             10.1.3 Impact Analysis
             10.1.4 Current Industry Challenges
             10.1.5 Historical Data and Trends
             10.1.6 Well Intervention Services in Depth Value Chain Analysis
     10.2 Related Reports
     10.3 Introducing RT: Real Time Market Intelligence
             10.3.1 RT Snapshots

 

List of Tables (37 Tables)

 

Table 1 Global Well Intervention Services Peer Market Size, 2014 (USD MN)
Table 2 European Well Intervention Services Application Market, 2014 (USD MN)
Table 3 European Well Intervention Services Market: Macroindicator, By Country (2009 - 2013)
Table 4 European Well Intervention Services Market: Comparison With Parent Market, 2013 – 2019 (USD MN)
Table 5 European Well Intervention Services Market: Drivers and Inhibitors
Table 6 European Well Intervention Services Market, By Application, 2013 - 2019 (USD MN)
Table 7 European Well Intervention Services Market, By Type, 2013 - 2019 (USD MN)
Table 8 European Well Intervention Services Market, By Application, 2013 - 2019 (USD MN)
Table 9 European Well Intervention Services in Onshore, By Country, 2013 - 2019 (USD MN)
Table 10 European Well Intervention Services in Offshore, By Country, 2013 - 2019 (USD MN)
Table 11 European Well Intervention Services in Offshore, By Type, 2013 - 2019 (USD MN)
Table 12 European Well Intervention Services Market, By Type, 2013 - 2019 (USD MN)
Table 13 European Well Intervention Services Market: Type Comparison With Parent Market, 2013–2019 (USD MN)
Table 14 European Well Intervention Services Market, By Country, 2013 - 2019 (USD MN)
Table 15 Russian Well Intervention Services Market, By Application, 2013-2019 (USD MN)
Table 16 Norway Well Intervention Services Market, By Application, 2013 - 2019 (USD MN)
Table 17 U.K. Well Intervention Services Market, By Application, 2013 - 2019 (USD MN)
Table 18 Denmark Well Intervention Services Market, By Application, 2013 - 2019 (USD MN)
Table 19 Well Intervention Services Market: Company Share Analysis, 2014 (%)
Table 20 European Well Intervention Services Market: Mergers & Acquisitions
Table 21 European Well Intervention Services Market: Joint Ventures
Table 22 Schlumberger Ltd: Key Financials, 2008 - 2013 (USD Million)
Table 23 Net Sales, By Business Segment, 2009-2013 (USD Million)
Table 24 Net Sales, By Geographical Region, 2009-2013 (USD Million)
Table 25 Baker Hughes : Key Financials, 2009 - 2013 (USD MN)
Table 26 Net Sales, By Business Segment, 2009-2013 (USD MN)
Table 27 Net Sales, By Geographical Region, 2009-2013 (USD MN)
Table 28 Halliburton : Key Financials, 2009 - 2013 (USD Million)
Table 29 Net Sales, By Business Segment, 2009-2013 (USD Million)
Table 30 Net Sales, By Geographical Region, 2009-2013 (USD Million)
Table 31 Halliburton Co. (U.S.): Services - Its Brand Name & Applications
Table 32 Weatherford : Key Financials, 2008 - 2013 (USD Million)
Table 33 Net Sales, By Business Segment, 2009-2013 (USD Million)
Table 34 Net Sales, By Geographical Region, 2009-2013 (USD Million)
Table 35 Aker Solutions ASA: Key Financials, 2009- 2013 (USD Million)
Table 36 Net Sales, By Business Segment, 2009-2013 (USD Million)
Table 37 Net Sales, By Geographical Region, 2009-2013 (USD Million)

 

List of Figures (39 Figures)

 

Figure 1 European Well Intervention Services Market: Segmentation & Coverage
Figure 2 European Well Intervention Services Market: Integrated Ecosystem
Figure 3 Research Methodology
Figure 4 Top-Down Approach
Figure 5 Bottom-Up Approach
Figure 6 Demand Side Approach
Figure 7 Macroindicator Based Approach (Number of Wells)
Figure 8 European Well Intervention Services Market: Snapshot
Figure 9 European Well Intervention Services Market: Comparison With Parent Market
Figure 10 European Well Intervention Services Market, By Application, 2014 vs 2019
Figure 11 European Well Intervention Services Types, By Country, 2014 (USD MN)
Figure 12 European Well Intervention Services Market: Comparison With Application Markets, 2013 - 2019 (USD MN)
Figure 13 Well Intervention: Application Market Scenario
Figure 14 European Well Intervention Services Market, By Application, 2014 - 2019 (USD MN)
Figure 15 European Well Intervention Services Market in Onshore, By Country, 2013 - 2019 (USD MN)
Figure 16 European Well Intervention Services Market in Offshore, By Country, 2013 - 2019 (USD MN)
Figure 17 European Well Intervention Services Market in Offshore, By Type, 2013 - 2019 (USD MN)
Figure 18 European Well Intervention Services Market, By Type, 2013 - 2019 (USD MN)
Figure 19 European Well Intervention Services Market: Type Comparison With Parent Market, 2013–2019 (USD MN)
Figure 20 European Well Intervention Services Market: Growth Analysis, By Country, 2013-2019 (USD MN)
Figure 21 Russian Well Intervention Services Market Overview, 2014 & 2019 (%)
Figure 22 Russian Well Intervention Services Market, By Application, 2013-2019 (USD MN)
Figure 23 Russian Well Intervention Services Market: Application Snapshot
Figure 24 Norwegian Well Intervention Services Market Overview, 2014 & 2019 (%)
Figure 25 Norwegian Well Intervention Services Market, By Application, 2013-2019 (USD MN)
Figure 26 Norwegian Well Intervention Services Market: Application Snapshot
Figure 27 U.K. Well Intervention Services Market Overview, 2014 & 2019 (%)
Figure 28 U.K. Well Intervention Services Market, By Application, 2013 - 2019 (USD MN)
Figure 29 U.K. Well Intervention Services Market: Application Snapshot
Figure 30 Denmark Well Intervention Services Market Overview, 2014 & 2019 (%)
Figure 31 Denmark Well Intervention Services Market, By Application, 2013 - 2019 (USD MN)
Figure 32 Denmark Well Intervention Services Market: Application Snapshot
Figure 33 Well Intervention Services Market: Company Share Analysis, 2014 (%)
Figure 34 Well Intervention: Company Product Coverage, By Type, 2014
Figure 35 Schlumburger Reveue Mix, 2013 (%)
Figure 36 Baker Hughes Reveue Mix, 2013 (%)
Figure 37 Halliburton Revenue Mix, 2013 (%)
Figure 38 Weatherford Revenue Mix, 2013 (%)
Figure 39 Aker Solutions ASA, Revenue Mix, 2013 (%)

Well intervention is a term used for any operation such as performing major maintenance or remedial treatments in an oil & gas well during or at the end of its productive life. This alters their state and well geometry sometimes; thereby managing its production. In depleting reservoirs when residual hydrocarbons is bypassed and eventually trapped, initial well placement may not be able to fully drain the reservoir; typically 30% to 40% of the oil is easily recoverable. In such cases, demand for drilling new wells may not be the best solution to achieve additional barrels of oil and counterbalance the natural production decline. But with well surveillance & well intervention services, recovery rate can further be enhanced to aid while satisfying the current and future energy needs.

 

The need for well intervention typically occurs after five years of production, due to reduced pressure in wells, increased water cut or sand production, scaling in wells, and other factors. Generally, oil wells have a greater need for intervention than gas or injection wells. Operations such as through-tubing workover, using coiled tubing, and snubbing or slick-line equipment are routinely conducted to complete treatments or well service activities to avoid a full workover where the tubing is removed.

 

Subsea well interventions possess many challenges and require much advanced planning. With an increase in demand for energy, subsea exploration and well construction has experienced a rapid growth. As the market expands in this uncertain and high investment area, it leads the well intervention service market to expand and create opportunities to new entrants with a high growth rate.

 

Well intervention market in Europe was valued at $2,698.7 million in 2014, and is expected to reach $3,499.7 million by 2019. It is projected to grow at a CAGR of 5.3% from 2014 and 2019. The Russian market commanded the largest share of 35.0% in this market in 2014, and is expected to be $1,167.1 million by 2019, at a CAGR of 4.5% from 2014 to 2019.

 

An in-depth market share analysis, by revenue, of the top companies is also included in the report. These numbers have arrived based on the key facts and annual financial information from annual reports and interviews with industry experts and key opinion leaders, such as CEOs, directors, and the marketing executives. Top market players that have established their base in European well intervention market are Schlumberger Limited (U.S.), Halliburton (U.S.), and Aker Solutions (Norway).

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