Well Intervention Market Worth Over $18 Billion by 2024

Global Market Insights, Inc.

SELBYVILLE, Delaware, October 10, 2018 /PRNewswire/ --

Global Well Intervention Market will surpass the revenue of USD 18 billion by 2024; as reported in the latest study by Global Market Insights, Inc. Growing number of matured oil fields coupled with rising concerns toward depletion of conventional reserves will foster the well intervention market. Ongoing development of urban areas across the emerging economies along with rising demand for petroleum products will propel the industry growth. In addition, rapid technological advancements across the oil field services sector will enhance the technology adoption.

     (Logo: https://mma.prnewswire.com/media/661916/GMI.jpg )

Indonesia market will surpass USD 350 Million by 2024. Increasing need toward revitalizing of aging oil fields on account of escalating demand for crude oil will boost the industry growth. In addition, the changing regulatory scenario along with introduction of favorable policies by the government authority will positively influence the technology adoption. Upsurge in investments toward development of advanced technologies to enhance the production from maturing fields will further compliment the business landscape.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1302

Favorable regulatory policies toward the development of deep and ultra-deep drilling projects coupled with expansion of subsea production systems will propel the offshore well intervention market. In addition, the availability of large volume of offshore reserves across the Northern Continental Shelf (NSC) and Persian Gulf will encourage the technology adoption.

High well intervention market will witness gain of over 7% by 2024. Increasing investments toward exploration and production activities across the offshore areas will positively influence the business growth. The technology is widely used to replace futile parts including tubing, pumps and valves from the wellbore and to plug & abandon the well which are not feasible for production.

Browse key industry insights spread across 400 pages with 564 market data tables & 32 figures & charts from the report, "Well Intervention Market Size By Service (Logging & Bottom Hole Survey, Tubing/Power Failure & Repair, Stimulation, Remedial Cementing, Zonal Isolation, Sand Control, Artificial Lift, Fishing, Reperforation), By Intervention (Light, medium, High), By Application (Onshore, Offshore {Shallow, Deep, Ultra deep}), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Norway, Netherlands, Romania, Poland, Russia, Belarus, Kazakhstan, Kyrgyzstan, Azerbaijan, Tajikistan, Turkmenistan, Ukraine, China, India, Indonesia, Malaysia, Thailand, Australia, Vietnam, Oman, Saudi Arabia, UAE, Qatar, Iran, Kuwait, Turkey, Egypt, Algeria, Angola, Nigeria, Brazil, Argentina, Chile, Peru, Bolivia, Colombia) Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 - 2024" in detail along with the table of contents: