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Middle East Well Intervention Market by Service Type (Logging & Bottom Hole Survey, Tubing/Packer Failure & Repair, Stimulation, Artificial Lift, Others), Application (Onshore & Offshore), & Country - Analysis & Forecast to 2019

  • Report Code: WE 1095
  • Publish Date: May 2015
  
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Well intervention is a collective term used for oil & gas operation such as, performing major maintenance or remedial treatments to any oil or gas well during or at the end of its production stage. These solutions may alter the current state and sometimes well geometry, these alterations are useful in managing the declining well production.

 

The continuous depletion of the existing crude reserves is forcing oil operators to operate in offshore regions making it a huge potential market for well intervention services. To satisfy this growing demand of oil & gas, oil companies are seeking to unlock the full potential of wells by squeezing every drop of oil. Hence, new advanced well-intervention equipment and technologies are vital. In order to sustain production, it becomes increasingly viable and important to maintain wells and extract the maximum amount of resources. As existing reserves and wells are aging, well intervention services become very essential for production revival operations.

 

The Middle East well intervention market is estimated to reach $596 million by 2019, at a CAGR of 4.1% from 2014 to 2019. The latest and highly advanced technology required in the Middle Eastern region is expected to experience the high value generation growth during the forecast period.

 

The major products used in the well intervention services include the conventional services, such as the deployment of full rig to perform well intervention services. There are certain limitations associated with rig deployment, such as loss of time and high day rates. To overcome these challenges, rigless techniques were developed. The growing technological advancements of rigless techniques have helped the operator companies to save a lot of time, which in turn, makes the well intervention/workover operations economically viable. Well intervention service providers are continuously trying to integrate their existing technologies in order to provide a more cost effective solution to intervention operations, which in turn helps them to bag bulk service contracts. This is a fragmented market with large number of industry players. Hence, merger and acquisition is one of the key strategy followed by leading industry players to increase their market penetration in various regions.

 

This report covers the Middle East well intervention market by the intensity of drilling and exploration activities along with the reinforcement of existing crude oil reserves. It highlights some of the key industrial issues and market impulse factors. It also describes some of the important dynamics such as driver, and restraints in the well intervention market.

 

For this report, the major players in the market are identified through secondary and primary research, based on which their market shares are evaluated. This includes a study of the annual reports of top market players and interviews with key opinion leaders such as the CEOs, Directors, and marketing executives.

 

To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the major drilling waste market participants, which combines manufacturers as well as service providers such as Schlumberger Ltd. (U.S.), Halliburton Co. (U.S.), Baker Hughes (U.S.), and Weatherford International Ltd. (Ireland).



Table of Contents


1 Introduction (Page No. - 9)
    1.1 Objectives of the Study
    1.2 Market Segmentation and Coverage
    1.3 Stakeholders


2 Research Methodology (Page No. - 11)
    2.1 Integrated Ecosystem of the Middle East Well Intervention Market
    2.2 Arriving at the Middle East Well Intervention Market
           2.2.1 Top-Down Approach
           2.2.2 Bottom-Up Approach
           2.2.3 Demand Side Approach
           2.2.4 Macro-Indicator Based Approach
    2.3 Assumptions


3 Executive Summary (Page No. - 19)


4 Market Overview (Page No. - 21)
    4.1 Introduction
    4.2 Middle East Well Intervention Market: Comparison With Parent Market (USD MN)
    4.3 Market Drivers and Inhibitors
    4.4 Key Market Dynamics
    4.5 Demand Side Analysis


5 Middle East Well Intervention Market, By Application (Page No. - 28)
    5.1 Introduction
    5.2 Middle East Well Intervention Market, By Application
    5.3 Middle East Onshore Well Intervention Market, By Country
    5.4 Middle East Offshore Well Intervention Market, By Country


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

 
7 Middle East Well Intervention Market, By Country (Page No. - 38)
    7.1 Introduction
    7.2 Saudi Arabia Well Intervention Market
           7.2.1 Saudi Arabia Well Intervention Market, By Application
    7.3 Iran Well Intervention Market
           7.3.1 Iran Well Intervention Market, By Application
    7.4 Iraq Well Intervention Market
           7.4.1 Iraq Well Intervention Market, By Application
    7.5 Kuwait Well Intervention Market
           7.5.1 Kuwait Well Intervention Market, By Application
    7.6 UAE Well Intervention Market
           7.6.1 UAE Well Intervention Market, By Application
    7.7 Qatar Well Intervention Market
           7.7.1 Qatar Well Intervention Market, By Application


8 Middle East Well Intervention Market: Company Share Analysis (Page No. - 53)
    8.1 Mergers & Acquisitions
    8.2 New Product/Services Launch


9 Middle East Well Intervention Market: By Company (Page No. - 58)
(Overview, Products and Services, Financials, Strategy & Development)*
    9.1 Weatherford International PLC
    9.2 Schlumberger Ltd.
    9.3 Baker Hughes Inc
    9.4 Halliburton Company
    9.5 Nabors Industries Limited
    9.6 Archer Limited
    9.7 FMC Technologies
    9.8 Expro International Group Holdings Ltd.
*Details On Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.


10 Introducing RT: Real Time Market Intelligence (Page No. - 94)
     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 in Depth Value Chain Analysis
     10.2 Related Reports
             10.2.1 RT Snapshots

 

List of Tables (44 Tables)

 

Table 1 Global Well Intervention Market Peer Size, 2013 (USD MN)
Table 2 Middle East Well Intervention Market, 2013 (USD MN)
Table 3 Middle East Well Intervention Market: Macro Indicators, By Country, 2013 (Number of New Well)
Table 4 Middle East Well Intervention Market: Comparison With Parent Market, 2014 – 2019 (USD MN)
Table 5 Middle East Well Intervention Market: Drivers and Inhibitors
Table 6 Middle East Well Intervention Market, By Application, 2013 - 2019 (USD MN)
Table 7 Middle East Well Intervention Market, By Type, 2014 & 2019 (USD MN)
Table 8 Middle East Well Intervention Market: Comparison With Application Markets, 2013-2019 (USD MN)
Table 9 Middle East Well Intervention Market, By Application, 2013-2019 (USD MN)
Table 10 Middle East Onshore Well Intervention Market, By Country, 2013 - 2019 (USD MN)
Table 11 Middle East Offshore Well Intervention Market, By Country, 2013-2019 (USD MN)
Table 12 Middle East Well Intervention Market, By Type, 2013-2019 (USD MN)
Table 13 Middle East Well Intervention Market, Type Comparison With Parent Market
Table 14 Middle East Well Intervention Market, By Country, 2013-2019 (USD MN)
Table 15 Saudi Arabia Well Intervention Market, By Application, 2013-2019 (USD MN)
Table 16 Iran Well Intervention Market, By Application, 2013-2019 (USD MN)
Table 17 Iraq Well Intervention Market, By Application, 2013 - 2019 (USD MN)
Table 18 Kuwait Well Intervention Market, By Application, 2013 - 2019 (USD MN)
Table 19 UAE Well Intervention Market, By Application, 2013-2019 (USD MN)
Table 20 Qatar Well Intervention Market, By Application, 2013 - 2019 (USD MN)
Table 21 Middle East Well Intervention Market: Company Share Analysis, 2013 (%)
Table 22 Middle East Well Intervention Market: Mergers & Acquisitions
Table 23 Middle East Well Intervention Market: Product and Service Launches
Table 24 Middle East Well Intervention Market: New Contracts and Agreements
Table 25 Middle East Well Intervention Market: Other Developments
Table 26 Weatherford International PLC.: Key Operations Data, 2009-2013 (USD MN)
Table 27 Weatherford International PLC : Revenue By Business Segment, 2009-2013 (USD MN)
Table 28 Weatherford International PLC : Revenue By Geography Segment, 2009-2013 (USD MN)
Table 29 Schlumberger Ltd.: Key Operations Data, 2009-2013 (USD MN)
Table 30 Schlumberger Ltd.: Revenue By Business Segment, 2010-2013 (USD MN)
Table 31 Schlumberger Ltd.: Revenue By Geography Segment, 2009-2013 (USD MN)
Table 32 Baker Hughes Inc.:, Key Financials, 2009 - 2013 (USD MN)
Table 33 Baker Hughes Inc.: Revenue, By Business Segment, 2009-2013 (USD MN)
Table 34 Baker Hughes Inc.: Revenue, By Geographic Segment, 2009-2013 (USD MN)
Table 35 Halliburton Co.: Key Operations Data, 2009-2013 (USD MN)
Table 36 Halliburton Co.: Revenue , By Business Segment, 2009-2013 (USD MN)
Table 37 Halliburton Co.: Revenue, By Geography Segment, 2009-2013 (USD MN)
Table 38 Nabors Industries Ltd.: Key Operations Data, 2009-2013 (USD MN)
Table 39 Nabors Industries Ltd.: Market Revenue, By Geographical Segments, 2009-2013 (USD MN)
Table 40 Archer Limited: Key Operations Data, 2011-2013 (USD MN)
Table 41 Archer Limited: Market Revenue, By Geographic Segment, 2010-2013 (USD MN)
Table 42 FMC Technology: Key Operations Data, 2009-2013 (USD MN)
Table 43 FMC Technology: Market Revenue, By Business Segments, 2009-2013 (USD MN)
Table 44 FMC Technology: Market Revenue, By Geographical Segments, 2009-2013 (USD MN)

 

List of Figures (44 Figures)

 

Figure 1 Middle East Well Intervention Market: Segmentation and Coverage
Figure 2 Well Intervention Market: Integrated Ecosystem
Figure 3 Research Methodology
Figure 4 Top-Down Approach
Figure 5 Bottom-Up Approach
Figure 6 Demand Side Approach
Figure 7 Macro Indicator-Based Approach
Figure 8 Middle East Well Intervention Market Snapshot
Figure 9 Middle East Well Intervention Market: Growth Aspects
Figure 10 Middle East Well Intervention Market: Comparison With Parent Market (USD MN)
Figure 11 Middle East Well Intervention Market, By Application, 2014 Vs 2019
Figure 12 Middle East Well Intervention Market, By Service Type, 2014 & 2019 (USD MN)
Figure 13 Middle East Well Intervention Market Size, By Application, 2014 - 2019 (USD MN)
Figure 14 Middle East Onshore Well Intervention Market, By Country, 2013-2019 (USD MN)
Figure 15 Middle East Offshore Well Intervention Market, By Country, 2013-2019 (USD MN)
Figure 16 Middle East Well Intervention Market, By Type, 2014-2019 (USD MN)
Figure 17 Middle East Well Intervention Market, Type Comparison With Parent Market, 2013–2019 (USD MN)
Figure 18 Middle East Well Intervention Market: Growth Analysis, By Country, 2014 & 2019 (USD MN)
Figure 19 Saudi Arabia Well Intervention Market Share, By Application, 2014 & 2019
Figure 20 Saudi Arabia Well Intervention Market, By Application, 2013-2019 (USD MN)
Figure 21 Saudi Arabia Well Intervention Market, By Application, 2014-2019 (USD MN)
Figure 22 Iran Well Intervention Market Share, By Application, 2014 & 2019
Figure 23 Iran Well Intervention Market, By Application, 2013-2019 (USD MN)
Figure 24 Iran Well Intervention Market: Application Snapshot, 2014 & 2019 (USD MN)
Figure 25 Iraq Well Intervention Market Share, By Application, 2014 & 2019
Figure 26 Iraq Well Intervention Market, By Application, 2013-2019 (USD MN)
Figure 27 Iraq Well Intervention Market: Application Snapshot, 2014 & 2019 (USD MN)
Figure 28 Kuwait Well Intervention Market Share, Application, 2014 & 2019
Figure 29 Kuwait Well Intervention Market, By Application, 2013-2019 (USD MN)
Figure 30 Kuwait Well Intervention Market: Application Snapshot, 2014 & 2019 (USD MN)
Figure 31 UAE Well Intervention Market Share, By Application, 2014 & 2019
Figure 32 UAE Well Intervention Market, By Application, 2013-2019 (USD MN)
Figure 33 UAE Well Intervention Market, By Application, 2014 & 2019 (USD MN)
Figure 34 Qatar Well Intervention Market Share, By Application, 2014 & 2019
Figure 35 Qatar Well Intervention Market, By Application, 2013-2019 (USD MN)
Figure 36 Qatar Well Intervention Market: Application Snapshot, 2014 & 2019 (USD MN)
Figure 37 Middle East Well Intervention Market: Company Share Analysis, 2013 (%)
Figure 38 Weatherford International PLC: Revenue Mix, 2013 (%)
Figure 39 Schlumberger Ltd.: Revenue Mix, 2013 (%)
Figure 40 Baker Hughes Inc.: Revenue Mix, 2013 (%)
Figure 41 Halliburton Revenue Mix, 2013 (%)
Figure 42 Nabors Industries Ltd.: Geographic Revenue Mix, 2013 (%)
Figure 43 Archer Ltd.: Geographic Revenue Mix, 2013 (%)
Figure 44 FMC Technologies: Revenue Mix, 2013 (%)

Well intervention is the process of intrusion in the well to enhance production, which has declined due to change in reservoir conditions or other operational difficulties. This procedure aims to enhance the productivity of existing wells as well as for the aging brown fields. There are many services, such as logging and bottom-hole survey, tubing/packer failure and repair, stimulation, remedial cementing, zonal isolation, sand control services, artificial lift services, fishing, and re-perforation among others, which are used according to the regions and topography, type of service required, and other technological and commercial requirements of the service.

 

Logging and bottom hole survey, tubing/packer failure and repair, and stimulation well intervention services collectively hold 47.9% share of the Middle East well intervention market, and is expected to reach 50.2% share by the end of 2019. The lucrative and high investment areas of offshore regions, such as Saudi Arabia, Iran, Oman, and others countries are driving the exponential growth of well intervention market.

 

This report estimates the Middle East well intervention market in terms of services, application areas, and countries. The well intervention market in the Middle East was valued at $487.6 million in 2014, and is projected to grow at a CAGR of 4.1% from 2014 and 2019 to reach market size of $596 million by 2019. The market segment in Saudi Arabia commanded the largest share of 27% in this market in 2014, and is expected to reach a value of 27.5% by 2019, at a CAGR of 4.1% from 2014 to 2019.

 

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

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