Logging & Bottom Hole Survey Contributed 19% to the Total North America Well Intervention Market by Service Type

Date: 2015-08-12

“The North America well intervention market constitutes 50% of the global Well Intervention market, and is expected to grow at a CAGR of 3.2% from 2014 to 2019. Geographically, North America is further segmented into the U.S. and Canada. The U.S. held a larger share, 64%, of the North America Well Intervention market in 2014. The U.S. is followed by Canada with share of 36%.  The North America Well Intervention market holds a high potential for growth in future due to a number of forces favoring this market. The major factors driving this market include revitalization of ageing brown field wells, and reinforcing existing reserves. 

In this report, the North America well intervention market is segmented on the basis of the service type and applications of well intervention. The segmentation by service type includes logging & bottom hole survey, tubing/packer failure & repair, stimulation, artificial lift, remedial cementing, zonal isolation, sand control services, fishing, re-perforation, and others. In 2014, Logging & Bottom Hole Survey contributed 19% to the total North America well intervention market by service type. 

The report has profiled the leading players of this market along with the recent developments of the companies. New contracts and agreements, mergers and acquisitions, business expansions and other such developments have been the key strategies adopted by the players to expand their well intervention businesses in the North American region. The top players considered in this report are Baker Hughes (U.S.), Nabors Industries (Bermuda), Schlumberger Co. (U.S.), Halliburton (U.S.), Weatherford International Ltd. (Ireland), Aker Solutions (Norway) and Superior Energy Services (U.S.) and 

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