Well Intervention Market to Grow at 4.34% CAGR to 2021

Onshore to Cater Max Demand - Seite 2

There has been the growing need for prolongation of well life due to ageing well assets. Hike in Exploration & Production (E&P) activities especially in U.S. has led to increase in demand for energy. But stringent government regulations regarding oil & gas leaks, water contamination, environmental & public health is one of the biggest restraints faced by this industry. The level of spending in the energy industry is heavily influenced by changes in the current and expected future prices of oil and natural gas, drilling rig counts, well counts, well completions and workover activity. Moreover, there is existence of high technical cost and operational efficiency.

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The market in developed regions is matured and is witnessing high growth except for Europe while the developing regions are expected to witness consistent growth in the Well Intervention market especially in Africa & Asia Pacific.

Company profiling are Schlumberger Ltd., Halliburton Co., Baker Hughes Inc., Superior Energy Services, Weatherford International Ltd., Nabors Industries Ltd., Archer - The Well Company, Aker Solutions ASA, Fmc Technologies  Inc. and Helix Energy Solutions Group Inc.

Another related report is Global Coiled Tubing (CT) Market: Trends, Opportunities and Forecasts (2016-2021) analysed by By Application - Well Intervention, Drilling, Completion; By Location - Onshore, Offshore; By Region-Europe/Africa/ Middle East/ Asia Pacific/ North America/ South America. During 2016-21, Global Coiled Tubing in Oil and Gas Industry is anticipated to grow at a CAGR of 2.45 % on account of anticipating low crude oil prices leading to an accelerated demand for cost-effective well intervention methods globally. Complete report available at http://www.reportsnreports.com/reports/470544-global-coiled-tubing-ct-market-trends-opportunities-and-forecasts-2016-2021-by-application-well-intervention-drilling-completion-by-location-onshore-offshore-by-region-europe-africa-middle-east-asia-pacific-north-america-south-america-.html .

Moreover, an increase in crude oil prices will induce the U.S. dollar to appreciate making it tougher for the economy to exercise traditional & conventional well practises and will result in worsening the Exploration & Production operations in the coming years.

Explore others on Energy and Power Market http://www.reportsnreports.com/market-research/energy-and-power-supplies/.

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