Well Intervention Services Market is Estimated to Grow at a CAGR of 4%

Date: 2015-08-11

“The well intervention services market is estimated to grow at a CAGR of 4% from 2014 to 2019. Geographically, Africa is segmented as Nigeria, Algeria, Angola and others. The African well intervention market holds a high potential for growth in future due to a number of forces favoring this market. Demand for natural gas, proved oil & gas reserves are driving this market. 

The emerging investment in shale gas will create further opportunities for the market.

In this report, the African well intervention market is segmented on the basis of its service, type, and application. The well intervention market, by service types are logging & bottom hole survey, tubing/packer failure & repair, stimulation, artificial lift, and others. The different applications of the concerned market are onshore and offshore. 

The report has profiled the leading players of this market along with their developments (new product launches, agreements, mergers, and joint ventures) done by the companies over the past few years and strategies adopted by them to sustain and strengthen their position in the African well intervention market. Aker Solutions ASA (Norway), Schlumberger Ltd. (U.S.), Baker Hughes Inc.(U.S.), and Halliburton Co. (U.S.) are some of the key players engaged in this market.

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