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

  • Report Code: WE 1100
  • Publish Date: 06 May 2015
  
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The purpose of this report is to cover the definition, description, and forecast of the North America Well Intervention market. The report involves a deep dive analysis of the market segmentation, which is based on the service types and applications of North America Well Intervention. The report also gives profound insights into the competitive landscape of the market through a strategic analysis of the key participants in the market. The North America Well Intervention market in terms of the type of service has been segmented into logging & bottom hole Survey, tubing/packer failure & repair, stimulation, artificial lift, remedial cementing, zonal isolation, sand control services, fishing, re-perforation, and others.

 

The North America Well Intervention market constitutes 50% of the global Well Intervention market in 2014, and is expected to grow at a CAGR of 3.1% from 2014 to 2019. The U.S. is the fastest growing market within the North America Well Intervention market. The North America Well Intervention market was valued at $ 3,523.1 million in 2014.

 

The growing energy demand is considered a key driver influencing the growth of North America Well Intervention market. The appetite for oil and other energy sources is growing dramatically despite the fact price to purchase energy is ramping up, and is being fuelled by exponentially growing population. According to BP statistical report, world’s energy demand has increased by 2.5% in 2011. To satisfy this increasing demand for oil & gas, oil companies are seeking to unlock the full potential of wells, hence new advanced well-intervention equipment and technologies are vital.

 

The end users/ applications of market include onshore and offshore areas. The offshore application in North America is expected to reach $1,184.6 million in 2019, at a CAGR of 9.5%. The offshore application constituted 21% of the total North America Well Intervention market by application.

 

The report also provides a detailed competitive landscape of companies operating in this market. Segment and country-specific company shares, news & deals, M&As, contracts and agreements, new product launches developed by the companies and geographical and business expansions have also been profiled in the report. The players mainly operating in the North American market are Baker Hughes (U.S.), Nabors Industries (Bermuda), Schlumberger Co. (U.S.), Halliburton (U.S.), Weatherford International Ltd. (Ireland), Aker Solutions ASA (Norway) and Superior Energy Services (U.S.)



Table of Contents


1 Introduction (Page No. - 9)
    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 Well Intervention Market
    2.2 Arriving at the Well Intervention Market Size
           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. - 20)


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


5 North America Well Intervention Market, By Application (Page No. - 27)
    5.1 Introduction
    5.2 North America Well Intervention in Onshore, By Country
    5.3 North America Well Intervention in Offshore, By Country
    5.4 North America Offshore Well Intervention Market , By Service Types


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


7 North America Well Intervention Market, By Country (Page No. - 38)
    7.1 Introduction
    7.2 U.S. Well Intervention Market
           7.2.1 U.S. Well Intervention Market, By Application
    7.3 Canada Well Intervention Market
           7.3.1 Canada Well Intervention Market, By Application


8 North America Well Intervention Market: Competitive Landscape (Page No. - 46)
    8.1 North America Well Intervention Market: Company Share Analysis
    8.2 Company Presence in Well Intervention Market, By Service Type
    8.3 Mergers & Acquisitions
    8.4 Agreement
    8.5 New Product/Service Development
    8.6 Alliance
    8.7 Other


9 North America Well Intervention Market, By Company (Page No. - 54)
(Overview, Financials, Products & Services, Strategy, and Developments)*
    9.1 Schlumberger Ltd.
    9.2 Halliburton Company
    9.3 Weatherford International Plc
    9.4 Superior Energy Services Inc.
    9.5 Baker Hughes Incorporated
    9.6 Nabors Industries Limited
    9.7 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. - 86)
     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 Introducing RT: Real Time Market Intelligence
             10.2.1 RT Snapshots


List of Tables (45 Tables)


Table 1 Global Well Intervention Peer Market Size, 2013 (USD MN)
Table 2 North America Well Intervention Application Market, 2013 (USD MN)
Table 3 North America Well Intervention Market: Macro Indicators (Number of New Wells), By Geography, 2013
Table 4 North America Well Intervention Market: Comparison With Parent Market, 2013 – 2019 (USD MN)
Table 5 North America Well Intervention Market: Drivers and Inhibitors
Table 6 North America Well Intervention Market, By Application, 2013 - 2019 (USD MN)
Table 7 North America Well Intervention Market, By Service Types, 2013 - 2019 (USD MN)
Table 8 North America Well Intervention Market: Comparison With Application Markets, 2013 - 2019 (USD MN)
Table 9 North America Well Intervention Market, By Application, 2013 - 2019 (USD MN)
Table 10 North America Well Intervention in Onshore, By Country, 2013 - 2019(USD MN)
Table 11 North America Well Intervention in Offshore, By Country, 2013 - 2019 (USD MN)
Table 12 North America Offshore Well Intervention Market, By Types, 2013 - 2019 (USD MN)
Table 13 North America Well Intervention Market, By Service Types, 2013 - 2019 (USD MN)
Table 14 North America Well Intervention Market: Service Types Comparison With Parent Market, 2013–2019 (USD MN)
Table 15 North America Well Intervention Market, By Country, 2013 - 2019 (USD MN)
Table 16 U.S. Well Intervention Market, By Application, 2013-2019 (USD MN)
Table 17 Canada Well Intervention Market, By Application, 2013 - 2019 (USD MN)
Table 18 Well Intervention Market: Company Share Analysis, 2013 (%)
Table 19 North America Well Intervention Market: Mergers & Acquisitions
Table 20 North America Well Intervention Market: Agreement
Table 21 North America Well Intervention Market: New Product/Service Development
Table 22 North America Well Intervention Market: Alliance
Table 23 North America Well Intervention Market: Other
Table 24 Schlumberger Ltd.: Key Operation Data, 2010-2013 (USD MN)
Table 25 Schlumberger Ltd.: Market Revenue, By Business Segments, 2010-2013 (USD MN)
Table 26 Schlumberger Ltd.: Market Revenue, By Geographic Segment, 2010 – 2013 (USD MN)
Table 27 Halliburton Co.: Key Operations Data, 2009-2013 (USD MN)
Table 28 Halliburton Co.: Market Revenue, By Business Segments, 2009-2013 (USD MN)
Table 29 Halliburton: Market Revenue, By Geographic Segment,  2009 – 2013 (USD MN)
Table 30 Weatherford International Plc: Key Operations Data,  2009 - 2013 (USD MN)
Table 31 Weatherford International Plc: Market Revenue, By Business Segments 2009-2013 (USD MN)
Table 32 Weatherford International Plc: Market Revenue, By Geographic Segments, 2009 – 2013 (USD MN)
Table 33 Superior Energy Services: Key Operations Data, 2009 - 2013 (USD MN)
Table 34 Superior Energy Services: Market Revenue, By Business Segments, 2009 - 2013 (USD MN)
Table 35 Superior Energy Services: Market Revenue, By Geographic Segment, 2009-2013 (USD MN)
Table 36 Superior Energy Services: Subsidiaries & Its Intervention Services
Table 37 Baker Hughes Incorporated: Key Operations Data, 2009 - 2013 (USD MN)
Table 38 Baker Hughes Incorporated, Market Revenue, By Business Segment 2009 - 2013 (USD MN)
Table 39 Baker Hughes Incorporated: Market Revenue, By Geographic Segment, 2009-2013 (USD MN)
Table 40 Baker Hughes Incorporated Products & Its Descriptions/Applications
Table 41 Nabors Industries Limited: Key Operations Data, 2009 - 2013 (USD MN)
Table 42 Nabors Industries Limited: Market Revenue, By Geographic Segments, 2009 - 2013 (USD MN)
Table 43 Aker Solutions Asa: Key Operations Data, 2009 - 2013 (USD MN)
Table 44 Aker Solutions Asa: Market Revenue, By Business Segments, 2009 - 2013 (USD MN)
Table 45 Aker Solutions Asa: Market Revenue, By Geographic Segments, 2009 - 2013 (USD MN)


List of Figures (34 Figures)


Figure 1 North America Well Intervention Market: Segmentation & 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 North America Well Intervention Market Snapshot
Figure 9 Well Intervention Market: Growth Aspects
Figure 10 North America Well Intervention Market, By Application, 2014 vs 2019
Figure 11 North America Well Intervention Service Types, 2014 (USD MN)
Figure 12 Well Intervention: Application Market Scenario
Figure 13 North America Well Intervention Market, By Application, 2014 - 2019 (USD MN)
Figure 14 North America Well Intervention Market in Onshore, By Country, 2013 - 2019 (USD MN)
Figure 15 North America Well Intervention Market in Offshore, By Country, 2013 - 2019 (USD MN)
Figure 16 North America Offshore Well Intervention Market, By Types, 2014 - 2019 (USD MN)
Figure 17 North America Well Intervention Market, By Service Types, 2014 - 2019 (USD MN)
Figure 18 North America Well Intervention Market: Service Type Comparison With Parent Market, 2013–2019 (USD MN)
Figure 19 North America Well Intervention Market: Growth Analysis,  By Country, 2014-2019 (USD MN)
Figure 20 U.S. Well Intervention Market Overview, 2014 & 2019 (%)
Figure 21 U.S. Well Intervention Market, By Application, 2013-2019 (USD MN)
Figure 22 U.S. Well Intervention Market: Application Snapshot,  2014 & 2019 (USD MN)
Figure 23 Canada Well Intervention Market Overview, 2014 & 2019 (%)
Figure 24 Canada Well Intervention Market, By Application, 2013-2019 (USD MN)
Figure 25 Canada Well Intervention Market: Application Snapshot, 2014 & 2019 (USD MN)
Figure 26 North America Well Intervention Market: Company Share Analysis, 2013 (%)
Figure 27 Well Intervention: Company Product Coverage, By Service Types, 2013
Figure 28 Schlumberger Ltd.: Revenue Mix, 2013 (%)
Figure 29 Halliburton Co.: Revenue Mix, 2013 (%)
Figure 30 Weatherford International: Revenue Mix, 2013 (%)
Figure 31 Superior Energy Services Inc.: Revenue Mix, 2013 (%)
Figure 32 Baker Hughes Incorporated, Revenue Mix, 2013 (%)
Figure 33 Nabors Industries Limited: Revenue Mix 2013 (%)
Figure 34 Aker Solutions Aka: 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 any other operational difficulties. It also enhances the productivity of the existing wells. There are various 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 etc., which are used according to the geological locations, type of service required, and other technological & commercial requirements of the service.

 

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, 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.

 

In 2014, the North American region held 50% of the global well intervention market. The increasing servicing extent of offshore wells and horizontal drainage pattern are leading the double digit growth of American offshore well intervention market, has led to rise in the region for Well Intervention Market.

 

North American region endows 50% of the world’s Well Intervention Market. U.S. is the country with the highest oil reserves, accounts for about 64% of the oil reserves in this region, most of which is heavy & extra-heavy crude. The reserve to production (R/P) ratio in this region is very high and shows a growing trend with the discovery of new reserves signifying high exports in this region. Additionally, the land well of the Canada is also significant contributors to the well intervention/workover services revenue.

 

The North America well intervention market is expected to witness substantial growth, the main reason being the net exporter of hydrocarbons. The hydrocarbon export market exhibited a growing trend with a rising R/P ratio. The reserves are anticipated to last for about 84 years considering the present consumption levels and technically recoverable reserves into account.

 

This report estimates the North America well intervention market in terms of service type, application, and geography. The North America well intervention market was valued at $3,523.1 million in 2014, and is expected to reach $ 4,106.9 million in 2019. The U.S. has the largest share in the North America well intervention market followed by Canada

 

An in-depth market share analysis, by revenue, of the top companies is included in the report. These numbers are arrived at, on the basis of key facts, annual financial information from annual reports and interviews with industry experts and key opinion leaders, such as CEOs, directors, and marketing executives. Top market players that have established their base in the North America well intervention market are Baker Hughes (U.S.), Nabors Industries (Bermuda), Schlumberger (U.S.), Halliburton (U.S.), Weatherford International Ltd. (Ireland), Aker Solutions (Norway) and Superior Energy Services (U.S.).

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