坑井介入市場 – 2029年までの世界予測

Well Intervention Market - Global Forecast To 2029

坑井介入市場 - サービス (伐採と底孔調査、チューブ/パッカーの故障と修理、刺激)、介入 (軽度、中度、重度)、用途 (陸上、海洋) 坑井 (水平、垂直) 地域別 - 2029年までの世界予測
Well Intervention Market by Service (Logging and Bottomhole Survey, Tubing/Packer Failure and Repair, Stimulation), Intervention (Light, Medium, Heavy), Application (Onshore, Offshore) Well (Horizontal, Vertical) Region - Global Forecast to 2029
出版年月2024年6月
ページ数316
図表数337
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The Well Intervention market is expected to grow from an estimated USD 9.2 billion in 2024 to USD 11.3 billion by 2029, at a CAGR of 4.2% during the forecast period.

井戸介入市場は、2024年の推定92億米ドルから2029年までに113億米ドルに、予測期間中に4.2%のCAGRで成長すると予想されています。

The main driver for the well intervention market is the growing need to maximize the production potential of mature oil and gas fields. Growing demand for offshore and subsea well intervention and increasing oil and gas discoveries are expected to offer lucrative opportunities for the well intervention market during the forecast period.

坑井介入市場 - 2029年までの世界予測

“Onshore: The fastest segment of the Well Intervention market, by application”

Based on application, the Well Intervention market has been split into two types: Onshore and Offshore. The onshore segment is poised for rapid growth due to increasing oil and gas activities in regions like North America, Africa, and Asia Pacific, where onshore wells are prevalent. Additionally, technological advancements and the development of unconventional resources contribute to the surge in demand for well intervention services onshore. This segment benefits from cost efficiencies compared to offshore operations, driving its prominence in the market.

“Horizontal Well segment is expected to emerge as the largest segment based on well type.”

Based on well type,  the Well Intervention market has been segmented into horizontal well and vertical  well. The horizontal well segment is poised for dominance due to its extensive application in the oil and gas industry. Horizontal wells enhance reservoir performance by maximizing contact with hydrocarbon-bearing formations, thus increasing production rates. With continuous shale developments and the rising adoption of horizontal drilling techniques, particularly in regions like North America, this segment is projected to grow rapidly, contributing significantly to the overall well intervention market.

坑井介入市場 - 2029年までの世界予測 ecosystem

“Europe is expected to emerge as the second-largest region based on the Well Intervention market”

By region, the Well Intervention market has been segmented into Asia Pacific, North America, South America, Europe, and Middle East & Africa. Europe ranks as the second-largest market for well intervention due to its substantial oil and gas industry presence, particularly in countries like the United Kingdom, Norway, and Russia. The region’s extensive offshore operations and significant onshore activities contribute to its prominent position in the global well intervention market. Moreover, Europe’s well-established regulatory framework and technological advancements further bolster its market growth, making it a key oil and gas sector player.

“Stimulation is expected to  be the fastest segment based on the service segment of the Well Intervention Market.”

Based on service, the Well Intervention market has been segment into; logging and bottom hole survey, tubing/packer failure & repair, stimulation, remedial cementing, zonal isolation, sand control services, artificial lift, fishing, re-perforation, and others. The stimulation segment’s rapid growth in the well intervention market is driven by the need to enhance well productivity and recovery rates, with techniques like hydraulic fracturing, acidizing, and matrix treatments playing crucial roles. This segment is expected to expand significantly, particularly due to the surge in developments in unconventional oil and gas fields, notably in regions like North America.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1- 45%, Tier 2- 30%, and Tier 3- 25%

By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%

By Region: North America- 35%, Europe- 20%, Asia Pacific- 33%, RoW-12%

Note: Others include product engineers, product specialists, and engineering leads.

Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The Well Intervention market is dominated by a few major players with a wide regional presence. The leading players are Halliburton (US), SLB (US), Baker Hughes (US), and Weatherford (US).

Research Coverage:

The report defines, describes, and forecasts the Well Intervention market, by service, intervention type, well type, application and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the Well Intervention market.

Key Benefits of Buying the Report

  • Growing need for maximizing production potential of mature oil & gas fields drive the market. Lack of consistent financial support for well intervention installation hinders the market growth. Rising need for replacement of inefficient boilers offer lucrative opportunities in the market. Limited adoption of fossil fuel-based well intervention systems are major challenges faced by the market.
  • Product Development/ Innovation: The trends, such as the integration of tools, technologies, and equipment by major players, are allowing companies to perform complex interventions.
  • Market Development: The market for well intervention is rising due to increased demand for enhancing well productivity and recovery rates. Techniques like hydraulic fracturing, acidizing, and matrix treatments are essential for optimizing reservoir performance, particularly in unconventional oil and gas fields, driving the market’s growth globally.
  • Market Diversification: Weatherford International launched ForeSite sense, a reservoir monitoring solution that provides real-time critical downhole data such as pressure, temperature, and flow measurements. ForeSite sense serves applications across mature wells, shale wells, and deepwater wells.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in the well intervention market, such as Halliburton (US), SLB (US), Baker Hughes (US), and Weatherford (US).

Table of Contents

1            INTRODUCTION            28

1.1         STUDY OBJECTIVES      28

1.2         MARKET DEFINITION   28

1.3         STUDY SCOPE  29

1.3.1      MARKETS COVERED     29

1.3.2      YEARS CONSIDERED     30

1.3.3      INCLUSIONS AND EXCLUSIONS 30

1.4         CURRENCY CONSIDERED          32

1.5         LIMITATIONS   32

1.6         STAKEHOLDERS            32

1.7         SUMMARY OF CHANGES            32

1.8         IMPACT OF RECESSION 33

2            RESEARCH METHODOLOGY     34

2.1         RESEARCH DATA           34

2.2         MARKET BREAKDOWN AND DATA TRIANGULATION    36

2.2.1      SECONDARY DATA       36

2.2.1.1   Key secondary sources       37

2.2.1.2   Key data from secondary sources     37

2.2.2      PRIMARY DATA 38

2.2.2.1   Participants for primary interviews  38

2.2.2.2   Key data from primary sources         38

2.2.2.3   Key industry insights          39

2.2.2.4   Breakdown of primaries     39

2.3         MARKET SIZE ESTIMATION       40

2.3.1      BOTTOM-UP APPROACH           40

2.3.2      TOP-DOWN APPROACH             41

2.3.3      KEY INFLUENCING FACTORS/DRIVERS 42

2.3.3.1   Well count           42

2.3.3.2   Rig count             43

2.3.3.3   Crude oil prices    43

2.3.4      DEMAND-SIDE ANALYSIS           44

2.3.4.1   Country-level analysis        45

2.3.4.2   Demand-side calculations  45

2.3.4.3   Assumptions for demand-side analysis           46

2.3.5      SUPPLY-SIDE ANALYSIS             47

2.3.5.1   Supply-side calculations     48

2.3.5.2   Assumptions for supply-side analysis             48

2.4         FORECAST        48

2.5         RESEARCH ASSUMPTIONS         49

2.6         RESEARCH LIMITATIONS           49

2.7         RISK ASSESSMENT         49

2.8         RECESSION IMPACT      50

3            EXECUTIVE SUMMARY 51

4            PREMIUM INSIGHTS      57

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN WELL INTERVENTION MARKET            57

4.2         WELL INTERVENTION MARKET, BY REGION      58

4.3         WELL INTERVENTION MARKET IN NORTH AMERICA,  BY INTERVENTION TYPE AND COUNTRY   58

4.4         WELL INTERVENTION MARKET, BY SERVICE     59

4.5         WELL INTERVENTION MARKET, BY INTERVENTION TYPE         59

4.6         WELL INTERVENTION MARKET, BY WELL TYPE 60

4.7         WELL INTERVENTION MARKET, BY APPLICATION         60

5            MARKET OVERVIEW     61

5.1         INTRODUCTION            61

5.2         MARKET DYNAMICS     61

5.2.1      DRIVERS            62

5.2.1.1   Growing need to increase production potential of mature

oil & gas fields     62

5.2.1.2   Development of shale reservoirs      62

5.2.1.3   Increasing demand for oil & gas in Asia Pacific            64

5.2.2      RESTRAINTS     65

5.2.2.1   Strict government regulations pertaining to exploration and production activities              65

5.2.2.2   Declining oil demand in Europe      66

5.2.2.3   Volatility in oil prices and decline in upstream capital investments           66

5.2.3      OPPORTUNITIES           67

5.2.3.1   Increasing oil & gas discoveries        67

5.2.3.2   Digitalization and automation of well intervention solutions      67

5.2.3.3   Growing demand for offshore and subsea well intervention        68

5.2.4      CHALLENGES   68

5.2.4.1   Complexities associated with well intervention operations in high-pressure, high-temperature (HPHT) environmental conditions          68

5.2.4.2   Implementation of artificial lift technologies in horizontal wells 69

5.3         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 70

5.4         VALUE CHAIN ANALYSIS            71

5.5         ECOSYSTEM ANALYSIS 72

5.6         CASE STUDY ANALYSIS 73

5.6.1      PROJECTS IN NORTH SEA AND GULF OF MEXICO ENHANCED WELL INTERVENTION IN OIL & GAS INDUSTRY           73

5.6.2      REPOSOL SINOPEC RESOURCES UK LTD REQUESTED EXPRO TO CONDUCT PRODUCT OPTIMIZATION STUDY   73

5.6.3      INDEPENDENT WELL OPERATOR IN TEXAS AND OKLAHOMA RESOLVED SUSTAINED CASING PRESSURE PROBLEMS USING SLB’S CEMPRIME SCRUB SPACER AND CEMFIT HEAL SYSTEM      74

5.7         TECHNOLOGY ANALYSIS           74

5.7.1      KEY TECHNOLOGIES    74

5.7.1.1   Reline mechanical non-slip (MNS)  74

5.7.1.2   Well integrity management systems 75

5.7.2      ADJACENT TECHNOLOGIES      75

5.7.2.1   Logging and data acquisition           75

5.7.2.2   Remote monitoring and control       75

5.7.3      COMPLIMENTARY TECHNOLOGIES      76

5.7.3.1   Artificial Intelligence (AI) and Machine Learning (ML)            76

5.7.3.2   Digital twin          76

5.8         TRADE ANALYSIS          76

5.8.1      EXPORT SCENARIO (HS CODE 730424)  76

5.8.2      IMPORT SCENARIO (HS CODE 730424)  78

5.8.3      IMPORT SCENARIO (HS CODE 730423)  79

5.8.4      EXPORT SCENARIO (HS CODE 730423)  80

5.9         PATENT ANALYSIS        82

5.10       KEY CONFERENCES AND EVENTS, 2024–2025     86

5.11       PRICING ANALYSIS        87

5.11.1    AVERAGE SELLING PRICE (ASP) TREND, BY REGION      87

5.11.2    INDICATIVE PRICING TREND, BY APPLICATION             88

5.12       INVESTMENT AND FUNDING SCENARIO            89

5.13       TARIFF AND REGULATORY LANDSCAPE            90

5.13.1    TARIFF ANALYSIS          90

5.13.2    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          91

5.13.3    REGULATORY FRAMEWORK     93

5.14       PORTER’S FIVE FORCES ANALYSIS         95

5.14.1    THREAT OF NEW ENTRANTS    96

5.14.2    BARGAINING POWER OF SUPPLIERS     96

5.14.3    BARGAINING POWER OF BUYERS           96

5.14.4    THREAT OF SUBSTITUTES         96

5.14.5    INTENSITY OF COMPETITIVE RIVALRY 96

5.15       KEY STAKEHOLDERS AND BUYING CRITERIA    97

5.15.1    KEY STAKEHOLDERS IN BUYING PROCESS         97

5.15.2    BUYING CRITERIA         98

6            WELL INTERVENTION MARKET, BY WELL TYPE 99

6.1         INTRODUCTION            100

6.2         HORIZONTAL WELL     101

6.2.1      SHALE DEVELOPMENTS TO BOOST SEGMENTAL GROWTH      101

6.3         VERTICAL WELL            102

6.3.1      INCREASING COUNT OF MATURE CONVENTIONAL FIELDS  TO DRIVE MARKET            102

7            WELL INTERVENTION MARKET, BY INTERVENTION TYPE         104

7.1         INTRODUCTION            105

7.2         LIGHT INTERVENTION 106

7.2.1      INCREASING DEMAND FOR COILED TUBING SERVICES TO CONDUCT WELL INTERVENTION ACTIVITIES TO DRIVE MARKET 106

7.3         MEDIUM INTERVENTION          107

7.3.1      RISING DEVELOPMENTS IN UNCONVENTIONAL RESERVES WITH SUPPORT OF SNUBBING UNITS TO BOOST MARKET GROWTH 107

7.4         HEAVY INTERVENTION 108

7.4.1      DEVELOPMENTS IN MATURE FIELDS TO DRIVE DEMAND         108

8            WELL INTERVENTION MARKET, BY APPLICATION         110

8.1         INTRODUCTION            111

8.2         ONSHORE         112

8.2.1      INCREASING NUMBER OF ONSHORE OIL & GAS AND MATURE FIELDS TO DRIVE DEMAND      112

8.3         OFFSHORE        113

8.3.1      SHALLOW WATER         114

8.3.1.1   Maturing shallow oilfields in Middle East and Europe to fuel demand      114

8.3.2      DEEPWATER     115

8.3.2.1   Increase in deepwater exploration and production to create growth opportunities for market players 115

8.3.3      ULTRA-DEEPWATER     115

8.3.3.1   Critical environmental conditions in ultra-deepwater locations to drive demand              115

9            WELL INTERVENTION MARKET, BY SERVICE     117

9.1         INTRODUCTION            118

9.2         LOGGING & BOTTOMHOLE SURVEY     120

9.2.1      GROWING NEED TO ENHANCE WELL INTERVENTION EFFICIENCY THROUGH ADVANCED LOGGING & BOTTOMHOLE SURVEYS TO DRIVE MARKET            120

9.3         TUBING/PACKER FAILURE AND REPAIR             121

9.3.1      NEED TO MAINTAIN WELL INTEGRITY AND REDUCE DOWNTIME TO DRIVE DEMAND             121

9.4         STIMULATION 123

9.4.1      NEED FOR IMPROVED HYDROCARBON RECOVERY TO BOOST MARKET GROWTH        123

9.5         REMEDIAL CEMENTING             124

9.5.1      NEED TO RESTORE WELLBORE INTEGRITY TO DRIVE DEMAND              124

9.6         ZONAL ISOLATION       126

9.6.1      INCREASING OIL & GAS PRODUCTION FROM MATURE AND HORIZONTAL WELLS TO DRIVE MARKET           126

9.7         SAND CONTROL            127

9.7.1      REDEVELOPMENT OF AGING RESERVOIRS TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS           127

9.8         ARTIFICIAL LIFT            129

9.8.1      NEED TO ENHANCE FLOW RATES AND MAINTAIN WELL PRODUCTION TO DRIVE DEMAND      129

9.9         FISHING             130

9.9.1      RISING DEMAND FOR EFFICIENCY AND COST-EFFECTIVENESS IN WELL INTERVENTION SERVICES TO DRIVE MARKET     130

9.10       RE-PERFORATION         131

9.10.1    GROWING PRODUCTION FROM MATURE WELLS TO SUPPORT MARKET GROWTH        131

9.11       OTHERS             133

10          WELL INTERVENTION MARKET, BY REGION      134

10.1       INTRODUCTION            135

10.2       NORTH AMERICA          137

10.2.1    IMPACT OF RECESSION ON WELL INTERVENTION MARKET IN  NORTH AMERICA          138

10.2.2    US         143

10.2.2.1 Increasing production from mature shale and tight oil reserves to drive demand              143

10.2.3    CANADA            144

10.2.3.1 Potential drilling of oil sands and increase in onshore oil production to boost demand 144

10.2.4    MEXICO             145

10.2.4.1 Increasing investments in enhancing production from aging fields and developing shale resources to drive market        145

10.3       EUROPE             146

10.3.1    IMPACT OF RECESSION ON WELL INTERVENTION MARKET IN EUROPE              147

10.3.2    RUSSIA 151

10.3.2.1 Increasing exploration and production activities to drive market 151

10.3.3    NORWAY           152

10.3.3.1 Rapidly depleting mature oil & gas fields and increase in exploration activities in Norwegian Continental Shelf (NCS) to fuel demand    152

10.3.4    UK         153

10.3.4.1 Maximizing production potential in brownfields to fuel market growth    153

10.3.5    DENMARK         155

10.3.5.1 Redevelopment of mature offshore fields to drive market           155

10.3.6    REST OF EUROPE           156

10.4       ASIA PACIFIC    157

10.4.1    IMPACT OF RECESSION ON WELL INTERVENTION MARKET  IN ASIA PACIFIC             157

10.4.2    CHINA  161

10.4.2.1 Increasing exploration and production from unconventional resources to fuel market growth     161

10.4.3    INDIA   162

10.4.3.1 Redevelopment of legacy oilfields and government initiatives to improve exploration activities to drive market              162

10.4.4    AUSTRALIA       164

10.4.4.1 Development of unconventional shale resources and focus on redeveloping mature fields to create growth opportunities for market players             164

10.4.5    INDONESIA       165

10.4.5.1 Steep decline in production from mature fields to fuel demand  165

10.4.6    MALAYSIA         166

10.4.6.1 Increasing capital expenditure on exploration and drilling activities to boost market growth     166

10.4.7    REST OF ASIA PACIFIC  167

10.5       AFRICA 168

10.5.1    IMPACT OF RECESSION ON WELL INTERVENTION MARKET IN AFRICA              169

10.5.2    NIGERIA            172

10.5.2.1 Rise in exploration activities and developments in mature oil & gas fields to boost market growth     172

10.5.3    ALGERIA           173

10.5.3.1 Initiatives to increase exploration activities to support market growth      173

10.5.4    ANGOLA            174

10.5.4.1 Government-led incentives and initiatives to develop oil reserves to drive demand              174

10.5.5    REST OF AFRICA            175

10.6       MIDDLE EAST  176

10.6.1    IMPACT OF RECESSION ON WELL INTERVENTION MARKET IN  MIDDLE EAST  177

10.6.2    GCC      180

10.6.2.1 Saudi Arabia        181

10.6.2.1.1            Increased crude production from onshore fields and surge in offshore exploration to drive market 181

10.6.2.2 UAE      183

10.6.2.2.1            Rising focus on increasing oil production per day to fuel demand              183

10.6.2.3 Rest of GCC        184

10.6.3    IRAQ     185

10.6.3.1 Increasing onshore well drilling activities to create growth opportunities for market players     185

10.6.4    IRAN     186

10.6.4.1 Large oil reserves and high oil exploration to drive market         186

10.6.5    REST OF MIDDLE EAST 187

10.7       SOUTH & CENTRAL AMERICA   188

10.7.1    BRAZIL 192

10.7.1.1 Increasing offshore exploration and production activities to boost market growth              192

10.7.2    VENEZUELA      193

10.7.2.1 Government-led initiates to revitalize oil production activities to

fuel demand         193

10.7.3    ARGENTINA      194

10.7.3.1 Shale developments to create potential demand           194

10.7.4    REST OF SOUTH & CENTRAL AMERICA 195

11          COMPETITIVE LANDSCAPE       197

11.1       OVERVIEW        197

11.2       KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024     197

11.3       MARKET SHARE ANALYSIS, 2023             201

11.4       MARKET EVALUATION FRAMEWORK    202

11.5       REVENUE ANALYSIS, 2019–2023 203

11.6       COMPANY VALUATION AND FINANCIAL METRICS        204

11.7       BRAND/PRODUCT COMPARISON          205

11.8       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   206

11.8.1    STARS  206

11.8.2    PERVASIVE PLAYERS     206

11.8.3    EMERGING LEADERS    206

11.8.4    PARTICIPANTS 206

11.8.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      208

11.8.5.1 Company footprint            208

11.8.5.2 Region footprint  209

11.8.5.3 Service footprint  210

11.8.5.4 Application footprint         211

11.8.5.5 Intervention type footprint 212

11.9       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          213

11.9.1    PROGRESSIVE COMPANIES       213

11.9.2    RESPONSIVE COMPANIES          213

11.9.3    DYNAMIC COMPANIES 213

11.9.4    STARTING BLOCKS       213

11.9.5    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023             215

11.9.5.1 Detailed list of key startups/SMEs   215

11.9.5.2 Competitive benchmarking of key startups/SMEs        216

11.10     COMPETITIVE SCENARIOS AND TRENDS           217

11.10.1  PRODUCT LAUNCHES  217

11.10.2  DEALS  218

11.10.3  OTHERS             219

12          COMPANY PROFILES    221

12.1       KEY PLAYERS   221

12.1.1    SLB       221

12.1.1.1 Business overview 221

12.1.1.2 Products/Services/Solutions offered 222

12.1.1.3 Recent developments         226

12.1.1.3.1            Product launches 226

12.1.1.3.2            Deals     227

12.1.1.3.3            Expansions          228

12.1.1.3.4            Others   229

12.1.1.4 MnM view           229

12.1.1.4.1            Key strengths/Right to win 229

12.1.1.4.2            Strategic choices  230

12.1.1.4.3            Weaknesses/Competitive threats     230

12.1.2    HALLIBURTON 231

12.1.2.1 Business overview 231

12.1.2.2 Products/Services/Solutions offered 232

12.1.2.3 Recent developments         237

12.1.2.3.1            Product launches 237

12.1.2.3.2            Deals     238

12.1.2.3.3            Others   239

12.1.2.4 MnM view           239

12.1.2.4.1            Key strengths/Right to win 239

12.1.2.4.2            Strategic choices  239

12.1.2.4.3            Weaknesses/Competitive threats     239

12.1.3    BAKER HUGHES             240

12.1.3.1 Business overview 240

12.1.3.2 Products/Services/Solutions offered 241

12.1.3.3 Recent developments         244

12.1.3.3.1            Product launches 244

12.1.3.3.2            Deals     244

12.1.3.3.3            Others   245

12.1.3.4 MnM view           245

12.1.3.4.1            Key strengths/Right to win 245

12.1.3.4.2            Strategic choices  246

12.1.3.4.3            Weaknesses/Competitive threats     246

12.1.4    WEATHERFORD             247

12.1.4.1 Business overview 247

12.1.4.2 Products/Services/Solutions offered 248

12.1.4.3 Recent developments         251

12.1.4.3.1            Product launches 251

12.1.4.3.2            Deals     251

12.1.4.3.3            Others   252

12.1.4.4 MnM view           252

12.1.4.4.1            Key strengths/Right to win 252

12.1.4.4.2            Strategic choices  252

12.1.4.4.3            Weaknesses/Competitive threats     253

12.1.5    ARCHER             254

12.1.5.1 Business overview 254

12.1.5.2 Products/Services/Solutions offered 256

12.1.5.3 Recent developments         257

12.1.5.3.1            Deals     257

12.1.5.3.2            Others   258

12.1.5.4 MnM view           260

12.1.5.4.1            Key strengths/Right to win 260

12.1.5.4.2            Strategic choices  260

12.1.5.4.3            Weaknesses/Competitive threats     260

12.1.6    EXPRO GROUP 261

12.1.6.1 Business overview 261

12.1.6.2 Products/Services/Solutions offered 262

12.1.6.3 Recent developments         264

12.1.6.3.1            Deals     264

12.1.6.3.2            Others   266

12.1.7    TRICAN.             268

12.1.7.1 Business overview 268

12.1.7.2 Products/Services/Solutions offered 269

12.1.8    PATTERSON-UTI           271

12.1.8.1 Business overview 271

12.1.8.2 Products/Services/Solutions offered 272

12.1.8.3 Recent developments         273

12.1.8.3.1            Deals     273

12.1.9    NINE ENERGY SERVICE 274

12.1.9.1 Business overview 274

12.1.9.2 Products/Services/Solutions offered 275

12.1.9.3 Recent developments         276

12.1.9.3.1            Expansions          276

12.1.10  KEY ENERGY SERVICES 277

12.1.10.1             Business overview 277

12.1.10.2             Products/Services/Solutions offered 278

12.1.10.3             Recent developments         279

12.1.10.3.1          Deals     279

12.1.11  FORUM ENERGY TECHNOLOGIES, INC. 280

12.1.11.1             Business overview 280

12.1.11.2             Products/Services/Solutions offered 281

12.1.11.3             Recent developments         282

12.1.11.3.1          Others   282

12.1.12  OCEANEERING INTERNATIONAL, INC.  283

12.1.12.1             Business overview 283

12.1.12.2             Products/Services/Solutions offered 284

12.1.12.3             Recent developments         286

12.1.12.3.1          Deals     286

12.1.12.3.2          Others   287

12.1.13  INTERVENTEK SUBSEA ENGINEERING  288

12.1.13.1             Business overview 288

12.1.13.2             Products/Services/Solutions offered 289

12.1.13.3             Recent developments         291

12.1.13.3.1          Product launches 291

12.1.13.3.2          Deals     291

12.1.14  AJ LUCAS GROUP           293

12.1.14.1             Business overview 293

12.1.14.2             Products/Services/Solutions offered 294

12.1.14.3             Recent developments         295

12.1.14.3.1          Deals     295

12.1.15  CHINA OILFIELD SERVICES LIMITED     296

12.1.15.1             Business overview 296

12.1.15.2             Products/Services/Solutions offered 297

12.1.15.3             Recent developments         299

12.1.15.3.1          Others   299

12.2       OTHER PLAYERS           300

12.2.1    OILSERV            300

12.2.2    AKOFS OFFSHORE         300

12.2.3    TAQA KSA         301

12.2.4    WELLTEC          301

12.2.5    HUNTING PLC  302

12.2.6    HELIX ENERGY 303

12.2.7    NOV      304

12.2.8    SUPERIOR ENERGY SERVICES   304

12.2.9    STEP ENERGY SERVICES             305

12.2.10  PROWELL ENERGY        305

13          APPENDIX         306

13.1       INSIGHTS FROM INDUSTRY EXPERTS   306

13.2       DISCUSSION GUIDE      307

13.3       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             312

13.4       CUSTOMIZATION OPTIONS      314

13.5       RELATED REPORTS       314

13.6       AUTHOR DETAILS         315

LIST OF TABLES

TABLE 1             WELL INTERVENTION MARKET: INCLUSIONS AND EXCLUSIONS, BY SERVICE          30

TABLE 2             WELL INTERVENTION MARKET: INCLUSIONS AND EXCLUSIONS,

BY INTERVENTION TYPE           31

TABLE 3             WELL INTERVENTION MARKET: INCLUSIONS AND EXCLUSIONS, BY WELL TYPE    31

TABLE 4             WELL INTERVENTION MARKET: INCLUSIONS AND EXCLUSIONS, BY APPLICATION 31

TABLE 5             WELL INTERVENTION MARKET: INCLUSIONS AND EXCLUSIONS, BY REGION           31

TABLE 6             DEMAND FOR WELL INTERVENTION SERVICES: NEW VS. OLD WELLS 42

TABLE 7             COST & FREQUENCY OF WELLS IN DIFFERENT REGIONS GOING

FOR WELL INTERVENTION        46

TABLE 8             WELL INTERVENTION MARKET SNAPSHOT       51

TABLE 9             NATURAL GAS AND CRUDE OIL PRODUCTION, BY REGION, 2022      63

TABLE 10           ROLE OF COMPANIES IN WELL INTERVENTION ECOSYSTEM              72

TABLE 11           EXPORT DATA RELATED TO HS CODE 730424-COMPLIANT PRODUCTS,

BY REGION/COUNTRY, 2020–2022 (USD THOUSAND)    77

TABLE 12           IMPORT DATA RELATED TO HS CODE 730424-COMPLIANT PRODUCTS,

BY REGION/COUNTRY, 2020–2022 (USD THOUSAND)    78

TABLE 13           IMPORT DATA RELATED TO HS CODE 730423-COMPLIANT PRODUCTS,

BY REGION/COUNTRY, 2020–2022 (USD THOUSAND)    79

TABLE 14           EXPORT DATA RELATED TO HS CODE 730423-COMPLIANT PRODUCTS,

BY REGION/COUNTRY, 2020–2022 (USD THOUSAND)    80

TABLE 15           WELL INTERVENTION MARKET: LIST OF MAJOR PATENTS RELATED TO WELL INTERVENTION SOLUTIONS, 2020–2024      83

TABLE 16           WELL INTERVENTION MARKET: LIST OF KEY CONFERENCES AND EVENTS,

2024–2025          86

TABLE 17           AVERAGE SELLING PRICE (ASP) TREND OF WELL INTERVENTION SERVICES,

BY REGION, 2021–2029 (USD THOUSAND)           87

TABLE 18           INDICATIVE PRICING TREND OF WELL INTERVENTION SERVICES,  BY APPLICATION, 2023 (USD THOUSAND)  88

TABLE 19           WEATHERFORD: FUNDING DETAILS     89

TABLE 20           ARCHER: FUNDING DETAILS    89

TABLE 21           KEY ENERGY SERVICES: FUNDING DETAILS       89

TABLE 22           PIONEER ENERGY: FUNDING DETAILS 90

TABLE 23           MFN TARIFF RELATED TO HS CODE 845921-COMPLIANT PRODUCTS,

BY COUNTRY, 2022        90

TABLE 24           NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 91

TABLE 25           EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 92

TABLE 26           ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 92

TABLE 27           ROW: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 92

TABLE 28           AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 93

TABLE 29           SOUTH & CENTRAL AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS       93

TABLE 30           WELL INTERVENTION MARKET: REGULATORY FRAMEWORK              93

TABLE 31           WELL INTERVENTION MARKET: PORTER’S FIVE FORCES ANALYSIS          95

TABLE 32           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION (%)         97

TABLE 33           KEY BUYING CRITERIA, BY APPLICATION          98

TABLE 34           WELL INTERVENTION MARKET, BY WELL TYPE, 2019–2022 (USD MILLION) 100

TABLE 35           WELL INTERVENTION MARKET, BY WELL TYPE, 2023–2029 (USD MILLION) 101

TABLE 36           HORIZONTAL WELL: WELL INTERVENTION MARKET, BY REGION,

2019–2022 (USD MILLION)          101

TABLE 37           HORIZONTAL WELL: WELL INTERVENTION MARKET, BY REGION,

2023–2029 (USD MILLION)          102

TABLE 38           VERTICAL WELL: WELL INTERVENTION MARKET, BY REGION,

2019–2022 (USD MILLION)          102

TABLE 39           VERTICAL WELL: WELL INTERVENTION MARKET, BY REGION,

2023–2029 (USD MILLION)          103

TABLE 40           WELL INTERVENTION MARKET, BY INTERVENTION TYPE,

2019–2022 (USD MILLION)          105

TABLE 41           WELL INTERVENTION MARKET, BY INTERVENTION TYPE,

2023–2029 (USD MILLION)          105

TABLE 42           LIGHT INTERVENTION: WELL INTERVENTION MARKET, BY REGION,

2019–2022 (USD MILLION)          106

TABLE 43           LIGHT INTERVENTION: WELL INTERVENTION MARKET, BY REGION,

2023–2029 (USD MILLION)          107

TABLE 44           MEDIUM INTERVENTION: WELL INTERVENTION MARKET, BY REGION,

2019–2022 (USD MILLION)          108

TABLE 45           MEDIUM INTERVENTION: WELL INTERVENTION MARKET, BY REGION,

2023–2029 (USD MILLION)          108

TABLE 46           HEAVY INTERVENTION: WELL INTERVENTION MARKET, BY REGION,

2019–2022 (USD MILLION)          109

TABLE 47           HEAVY INTERVENTION: WELL INTERVENTION MARKET, BY REGION,

2023–2029 (USD MILLION)          109

TABLE 48           WELL INTERVENTION MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 111

TABLE 49           WELL INTERVENTION MARKET, BY APPLICATION, 2023–2029 (USD MILLION) 112

TABLE 50           ONSHORE: WELL INTERVENTION MARKET, BY REGION, 2019–2022 (USD MILLION)     112

TABLE 51           ONSHORE: WELL INTERVENTION MARKET, BY REGION, 2023–2029 (USD MILLION)     113

TABLE 52           OFFSHORE: WELL INTERVENTION MARKET, BY REGION,

2019–2022 (USD MILLION)          114

TABLE 53           OFFSHORE: WELL INTERVENTION MARKET, BY REGION,

2023–2029 (USD MILLION)          114

TABLE 54           OFFSHORE: WELL INTERVENTION MARKET, BY DEPTH, 2019–2022 (USD MILLION)     116

TABLE 55           OFFSHORE: WELL INTERVENTION MARKET, BY DEPTH, 2023–2029 (USD MILLION)     116

TABLE 56           WELL INTERVENTION MARKET, BY SERVICE, 2019–2022 (USD MILLION)          119

TABLE 57           WELL INTERVENTION MARKET, BY SERVICE, 2023–2029 (USD MILLION)          119

TABLE 58           LOGGING & BOTTOMHOLE SURVEY: WELL INTERVENTION MARKET,

BY REGION,  2019–2022 (USD MILLION)             121

TABLE 59           LOGGING & BOTTOMHOLE SURVEY: WELL INTERVENTION MARKET,

BY REGION,  2023–2029 (USD MILLION)             121

TABLE 60           TUBING/PACKER FAILURE AND REPAIR: WELL INTERVENTION MARKET,

BY REGION, 2019–2022 (USD MILLION)  122

TABLE 61           TUBING/PACKER FAILURE AND REPAIR: WELL INTERVENTION MARKET,

BY REGION, 2023–2029 (USD MILLION)  122

TABLE 62           STIMULATION: WELL INTERVENTION MARKET, BY REGION,

2019–2022 (USD MILLION)          124

TABLE 63           STIMULATION: WELL INTERVENTION MARKET, BY REGION,

2023–2029 (USD MILLION)          124

TABLE 64           REMEDIAL CEMENTING: WELL INTERVENTION MARKET, BY REGION,

2019–2022 (USD MILLION)          125

TABLE 65           REMEDIAL CEMENTING: WELL INTERVENTION MARKET, BY REGION,

2023–2029 (USD MILLION)          125

TABLE 66           ZONAL ISOLATION: WELL INTERVENTION MARKET, BY REGION,

2019–2022 (USD MILLION)          126

TABLE 67           ZONAL ISOLATION: WELL INTERVENTION MARKET, BY REGION,

2023–2029 (USD MILLION)          127

TABLE 68           SAND CONTROL: WELL INTERVENTION MARKET, BY REGION,

2019–2022 (USD MILLION)          128

TABLE 69           SAND CONTROL: WELL INTERVENTION MARKET, BY REGION,

2023–2029 (USD MILLION)          128

TABLE 70           ARTIFICIAL LIFT: WELL INTERVENTION MARKET, BY REGION,

2019–2022 (USD MILLION)          129

TABLE 71           ARTIFICIAL LIFT: WELL INTERVENTION MARKET, BY REGION,

2023–2029 (USD MILLION)          130

TABLE 72           FISHING: WELL INTERVENTION MARKET, BY REGION, 2019–2022 (USD MILLION)     131

TABLE 73           FISHING: WELL INTERVENTION MARKET, BY REGION, 2023–2029 (USD MILLION)     131

TABLE 74           RE-PERFORATION: WELL INTERVENTION MARKET, BY REGION,

2019–2022 (USD MILLION)          132

TABLE 75           RE-PERFORATION: WELL INTERVENTION MARKET, BY REGION,

2023–2029 (USD MILLION)          132

TABLE 76           OTHERS: WELL INTERVENTION MARKET, BY REGION, 2019–2022 (USD MILLION)     133

TABLE 77           OTHERS: WELL INTERVENTION MARKET, BY REGION, 2023–2029 (USD MILLION)     133

TABLE 78           WELL INTERVENTION MARKET, BY REGION, 2019–2022 (USD MILLION)          137

TABLE 79           WELL INTERVENTION MARKET, BY REGION, 2023–2029 (USD MILLION)          137

TABLE 80          NORTH AMERICA: WELL INTERVENTION MARKET, BY SERVICE,

2019–2022 (USD MILLION)          140

TABLE 81          NORTH AMERICA: WELL INTERVENTION MARKET, BY SERVICE,

2023–2029 (USD MILLION)          140

TABLE 82           NORTH AMERICA: WELL INTERVENTION MARKET, BY INTERVENTION TYPE,

2019–2022 (USD MILLION)          141

TABLE 83           NORTH AMERICA: WELL INTERVENTION MARKET, BY INTERVENTION TYPE,

2023–2029 (USD MILLION)          141

TABLE 84           NORTH AMERICA: WELL INTERVENTION MARKET, BY WELL TYPE,

2019–2022 (USD MILLION)          141

TABLE 85           NORTH AMERICA: WELL INTERVENTION MARKET, BY WELL TYPE,

2023–2029 (USD MILLION)          141

TABLE 86           NORTH AMERICA: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          142

TABLE 87           NORTH AMERICA: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          142

TABLE 88           NORTH AMERICA: WELL INTERVENTION MARKET, BY COUNTRY,

2019–2022 (USD MILLION)          142

TABLE 89           NORTH AMERICA: WELL INTERVENTION MARKET, BY COUNTRY,

2023–2029 (USD MILLION)          142

TABLE 90           US: WELL INTERVENTION MARKET, BY APPLICATION, 2019–2022 (USD MILLION)     143

TABLE 91           US: WELL INTERVENTION MARKET, BY APPLICATION, 2023–2029 (USD MILLION)     144

TABLE 92           CANADA: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          145

TABLE 93           CANADA: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          145

TABLE 94           MEXICO: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          146

TABLE 95           MEXICO: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          146

TABLE 96           EUROPE: WELL INTERVENTION MARKET, BY SERVICE, 2019–2022 (USD MILLION)     148

TABLE 97           EUROPE: WELL INTERVENTION MARKET, BY SERVICE, 2023–2029 (USD MILLION)     148

TABLE 98           EUROPE: WELL INTERVENTION MARKET, BY INTERVENTION TYPE,

2019–2022 (USD MILLION)          149

TABLE 99           EUROPE: WELL INTERVENTION MARKET, BY INTERVENTION TYPE,

2023–2029 (USD MILLION)          149

TABLE 100         EUROPE: WELL INTERVENTION MARKET, BY WELL TYPE,

2019–2022 (USD MILLION)          149

TABLE 101         EUROPE: WELL INTERVENTION MARKET, BY WELL TYPE,

2023–2029 (USD MILLION)          149

TABLE 102         EUROPE: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          150

TABLE 103         EUROPE: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          150

TABLE 104         EUROPE: WELL INTERVENTION MARKET, BY COUNTRY, 2019–2022 (USD MILLION)     150

TABLE 105         EUROPE WELL INTERVENTION MARKET, BY COUNTRY, 2023–2029 (USD MILLION)     151

TABLE 106         RUSSIA: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          152

TABLE 107         RUSSIA: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          152

TABLE 108         NORWAY: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          153

TABLE 109         NORWAY: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          153

TABLE 110         UK: WELL INTERVENTION MARKET, BY APPLICATION, 2019–2022 (USD MILLION)     154

TABLE 111         UK: WELL INTERVENTION MARKET, BY APPLICATION, 2023–2029 (USD MILLION)     154

TABLE 112         DENMARK: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          155

TABLE 113         DENMARK: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          155

TABLE 114         REST OF EUROPE: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          156

TABLE 115         REST OF EUROPE: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          156

TABLE 116         ASIA PACIFIC: WELL INTERVENTION MARKET, BY SERVICE,

2019–2022 (USD MILLION)          158

TABLE 117         ASIA PACIFIC: WELL INTERVENTION MARKET, BY SERVICE,

2023–2029 (USD MILLION)          158

TABLE 118         ASIA PACIFIC: WELL INTERVENTION MARKET, BY INTERVENTION TYPE,

2019–2022 (USD MILLION)          159

TABLE 119         ASIA PACIFIC: WELL INTERVENTION MARKET, BY INTERVENTION TYPE,

2023–2029 (USD MILLION)          159

TABLE 120         ASIA PACIFIC: WELL INTERVENTION MARKET, BY WELL TYPE,

2019–2022 (USD MILLION)          159

TABLE 121         ASIA PACIFIC: WELL INTERVENTION MARKET, BY WELL TYPE,

2023–2029 (USD MILLION)          159

TABLE 122         ASIA PACIFIC: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          160

TABLE 123         ASIA PACIFIC: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          160

TABLE 124         ASIA PACIFIC: WELL INTERVENTION MARKET, BY COUNTRY,

2019–2022 (USD MILLION)          160

TABLE 125         ASIA PACIFIC: WELL INTERVENTION MARKET, BY COUNTRY,

2023–2029 (USD MILLION)          161

TABLE 126         CHINA: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          162

TABLE 127         CHINA: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          162

TABLE 128         INDIA: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          163

TABLE 129         INDIA: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          164

TABLE 130        AUSTRALIA: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          165

TABLE 131        AUSTRALIA: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          165

TABLE 132        INDONESIA: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          166

TABLE 133        INDONESIA: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          166

TABLE 134         MALAYSIA: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          167

TABLE 135         MALAYSIA: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          167

TABLE 136         REST OF ASIA PACIFIC: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          168

TABLE 137         REST OF ASIA PACIFIC: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          168

TABLE 138         AFRICA: WELL INTERVENTION MARKET, BY SERVICE, 2019–2022 (USD MILLION)     169

TABLE 139         AFRICA: WELL INTERVENTION MARKET, BY SERVICE, 2023–2029 (USD MILLION)     170

TABLE 140         AFRICA: WELL INTERVENTION MARKET, BY INTERVENTION TYPE,

2019–2022 (USD MILLION)          170

TABLE 141         AFRICA: WELL INTERVENTION MARKET, BY INTERVENTION TYPE,

2023–2029 (USD MILLION)          170

TABLE 142         AFRICA: WELL INTERVENTION MARKET, BY WELL TYPE,

2019–2022 (USD MILLION)          171

TABLE 143         AFRICA: WELL INTERVENTION MARKET, BY WELL TYPE,

2023–2029 (USD MILLION)          171

TABLE 144         AFRICA: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          171

TABLE 145         AFRICA: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          171

TABLE 146         AFRICA: WELL INTERVENTION MARKET, BY COUNTRY, 2019–2022 (USD MILLION)     171

TABLE 147         AFRICA: WELL INTERVENTION MARKET, BY COUNTRY, 2023–2029 (USD MILLION)     172

TABLE 148         NIGERIA: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          173

TABLE 149         NIGERIA: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          173

TABLE 150         ALGERIA: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          174

TABLE 151         ALGERIA: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          174

TABLE 152         ANGOLA: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          175

TABLE 153         ANGOLA: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          175

TABLE 154         REST OF AFRICA: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          176

TABLE 155         REST OF AFRICA: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          176

TABLE 156         MIDDLE EAST: WELL INTERVENTION MARKET, BY SERVICE,

2019–2022 (USD MILLION)          177

TABLE 157         MIDDLE EAST: WELL INTERVENTION MARKET, BY SERVICE,

2023–2029 (USD MILLION)          178

TABLE 158         MIDDLE EAST: WELL INTERVENTION MARKET, BY INTERVENTION TYPE,

2019–2022 (USD MILLION)          178

TABLE 159         MIDDLE EAST: WELL INTERVENTION MARKET, BY INTERVENTION TYPE,

2023–2029 (USD MILLION)          178

TABLE 160         MIDDLE EAST: WELL INTERVENTION MARKET, BY WELL TYPE,

2019–2022 (USD MILLION)          179

TABLE 161         MIDDLE EAST: WELL INTERVENTION MARKET, BY WELL TYPE,

2023–2029 (USD MILLION)          179

TABLE 162         MIDDLE EAST: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          179

TABLE 163         MIDDLE EAST: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          179

TABLE 164         MIDDLE EAST: WELL INTERVENTION MARKET, BY COUNTRY,

2019–2022 (USD MILLION)          180

TABLE 165         MIDDLE EAST: WELL INTERVENTION MARKET, BY COUNTRY,

2023–2029 (USD MILLION)          180

TABLE 166         GCC: WELL INTERVENTION MARKET SIZE, BY APPLICATION,

2019–2022 (USD MILLION)          180

TABLE 167         GCC: WELL INTERVENTION MARKET, BY APPLICATION, 2023–2029 (USD MILLION)     181

TABLE 168         GCC: WELL INTERVENTION MARKET SIZE, BY COUNTRY,

2019–2022 (USD MILLION)          181

TABLE 169         GCC: WELL INTERVENTION MARKET, BY COUNTRY, 2023–2029 (USD MILLION) 181

TABLE 170         SAUDI ARABIA: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          182

TABLE 171         SAUDI ARABIA: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          182

TABLE 172         UAE: WELL INTERVENTION MARKET, BY APPLICATION, 2019–2022 (USD MILLION)     183

TABLE 173         UAE: WELL INTERVENTION MARKET, BY APPLICATION, 2023–2029 (USD MILLION)     183

TABLE 174         REST OF GCC: HIGH-VOLTAGE POWER TRANSFORMER MARKET,

BY APPLICATION,  2019–2022 (USD MILLION)   185

TABLE 175         REST OF GCC: HIGH-VOLTAGE POWER TRANSFORMER MARKET,

BY APPLICATION,  2023–2029 (USD MILLION)   185

TABLE 176         IRAQ: WELL INTERVENTION MARKET, BY APPLICATION, 2019–2022 (USD MILLION)     186

TABLE 177         IRAQ: WELL INTERVENTION MARKET, BY APPLICATION, 2023–2029 (USD MILLION)     186

TABLE 178         IRAN: WELL INTERVENTION MARKET, BY APPLICATION, 2019–2022 (USD MILLION)     187

TABLE 179         IRAN: WELL INTERVENTION MARKET, BY APPLICATION, 2023–2029 (USD MILLION)     187

TABLE 180         REST OF MIDDLE EAST: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          187

TABLE 181         REST OF MIDDLE EAST: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          188

TABLE 182         SOUTH & CENTRAL AMERICA: WELL INTERVENTION MARKET, BY SERVICE,

2019–2022 (USD MILLION)          189

TABLE 183         SOUTH & CENTRAL AMERICA: WELL INTERVENTION MARKET, BY SERVICE,

2023–2029 (USD MILLION)          189

TABLE 184         SOUTH & CENTRAL AMERICA: WELL INTERVENTION MARKET, BY INTERVENTION TYPE, 2019–2022 (USD MILLION)      190

TABLE 185         SOUTH & CENTRAL AMERICA: WELL INTERVENTION MARKET, BY INTERVENTION TYPE, 2023–2029 (USD MILLION)      190

TABLE 186         SOUTH & CENTRAL AMERICA: WELL INTERVENTION MARKET, BY WELL TYPE,  2019–2022 (USD MILLION)       190

TABLE 187         SOUTH & CENTRAL AMERICA: WELL INTERVENTION MARKET, BY WELL TYPE,  2023–2029 (USD MILLION)       190

TABLE 188         SOUTH & CENTRAL AMERICA: WELL INTERVENTION MARKET, BY APPLICATION,  2019–2022 (USD MILLION)   191

TABLE 189         SOUTH & CENTRAL AMERICA: WELL INTERVENTION MARKET, BY APPLICATION,  2023–2029 (USD MILLION)   191

TABLE 190         SOUTH & CENTRAL AMERICA: WELL INTERVENTION MARKET, BY COUNTRY,

2019–2022 (USD MILLION)          191

TABLE 191         SOUTH & CENTRAL AMERICA: WELL INTERVENTION MARKET, BY COUNTRY,

2023–2029 (USD MILLION)          192

TABLE 192         BRAZIL: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          193

TABLE 193         BRAZIL: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          193

TABLE 194         VENEZUELA: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          194

TABLE 195         VENEZUELA: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          194

TABLE 196         ARGENTINA: WELL INTERVENTION MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          195

TABLE 197         ARGENTINA: WELL INTERVENTION MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          195

TABLE 198         REST OF SOUTH & CENTRAL AMERICA: WELL INTERVENTION MARKET,

BY APPLICATION, 2019–2022 (USD MILLION)     196

TABLE 199         REST OF SOUTH & CENTRAL AMERICA: WELL INTERVENTION MARKET,

BY APPLICATION, 2023–2029 (USD MILLION)     196

TABLE 200         WELL INTERVENTION MARKET: OVERVIEW OF KEY STRATEGIES DEPLOYED

BY TOP PLAYERS, JANUARY 2020–MAY 2024        197

TABLE 201         WELL INTERVENTION MARKET: DEGREE OF COMPETITION, 2023      201

TABLE 202         MARKET EVALUATION FRAMEWORK, 2020–2024             202

TABLE 203         WELL INTERVENTION MARKET: REGION FOOTPRINT  209

TABLE 204         WELL INTERVENTION MARKET: SERVICE FOOTPRINT  210

TABLE 205         WELL INTERVENTION MARKET: APPLICATION FOOTPRINT              211

TABLE 206         WELL INTERVENTION MARKET: INTERVENTION TYPE FOOTPRINT      212

TABLE 207         WELL INTERVENTION MARKET: LIST OF KEY STARTUPS/SMES              215

TABLE 208         WELL INTERVENTION MARKET: COMPETITIVE BENCHMARKING

OF KEY STARTUPS/SMES           216

TABLE 209         WELL INTERVENTION MARKET: PRODUCT LAUNCHES, JANUARY 2020–MAY 2024            217

TABLE 210         WELL INTERVENTION MARKET: DEALS, JANUARY 2020–MAY 2024      218

TABLE 211         WELL INTERVENTION MARKET: OTHERS, JANUARY 2020–MAY 2024      219

TABLE 212         SLB: COMPANY OVERVIEW        221

TABLE 213         SLB: PRODUCTS/SERVICES/SOLUTIONS OFFERED         222

TABLE 214         SLB: PRODUCT LAUNCHES       226

TABLE 215         SLB: DEALS       227

TABLE 216         SLB: EXPANSIONS          228

TABLE 217         SLB: OTHERS    229

TABLE 218         HALLIBURTON: COMPANY OVERVIEW 231

TABLE 219         HALLIBURTON: PRODUCTS/SERVICES/SOLUTIONS OFFERED              232

TABLE 220         HALLIBURTON: PRODUCT LAUNCHES 237

TABLE 221         HALLIBURTON: DEALS 238

TABLE 222         HALLIBURTON: OTHERS           239

TABLE 223         BAKER HUGHES: COMPANY OVERVIEW 240

TABLE 224         BAKER HUGHES: PRODUCTS/SERVICES/SOLUTIONS OFFERED              241

TABLE 225         BAKER HUGHES: PRODUCT LAUNCHES 244

TABLE 226         BAKER HUGHES: DEALS             244

TABLE 227         BAKER HUGHES: OTHERS          245

TABLE 228         WEATHERFORD: COMPANY OVERVIEW 247

TABLE 229         WEATHERFORD: PRODUCTS/SERVICES/SOLUTIONS OFFERED              248

TABLE 230         WEATHERFORD: PRODUCT LAUNCHES 251

TABLE 231         WEATHERFORD: DEALS             251

TABLE 232         WEATHERFORD: OTHERS          252

TABLE 233         ARCHER: COMPANY OVERVIEW             254

TABLE 234         ARCHER: PRODUCTS/SERVICES/SOLUTIONS OFFERED 256

TABLE 235         ARCHER: DEALS             257

TABLE 236         ARCHER: OTHERS          258

TABLE 237         EXPRO GROUP: COMPANY OVERVIEW  261

TABLE 238         EXPRO GROUP: PRODUCTS/SERVICES/SOLUTIONS OFFERED              262

TABLE 239         EXPRO GROUP: DEALS 264

TABLE 240         EXPRO GROUP: OTHERS            266

TABLE 241         TRICAN.: COMPANY OVERVIEW             268

TABLE 242         TRICAN.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 269

TABLE 243         PATTERSON-UTI: COMPANY OVERVIEW            271

TABLE 244         PATTERSON-UTI: PRODUCTS/SERVICES/SOLUTIONS OFFERED          272

TABLE 245         PATTERSON-UTI: DEALS           273

TABLE 246         NINE ENERGY SERVICE: COMPANY OVERVIEW 274

TABLE 247         NINE ENERGY SERVICE: PRODUCTS/SERVICES/SOLUTIONS OFFERED          275

TABLE 248         NINE ENERGY SERVICE: EXPANSIONS   276

TABLE 249         KEY ENERGY SERVICES: COMPANY OVERVIEW 277

TABLE 250         KEY ENERGY SERVICES: PRODUCTS/SERVICES/SOLUTIONS OFFERED          278

TABLE 251         KEY ENERGY SERVICES: DEALS 279

TABLE 252         FORUM ENERGY TECHNOLOGIES, INC.: COMPANY OVERVIEW              280

TABLE 253         FORUM ENERGY TECHNOLOGIES, INC.: PRODUCTS/SERVICES/

SOLUTIONS OFFERED  281

TABLE 254         FORUM ENERGY TECHNOLOGIES, INC.: OTHERS           282

TABLE 255         OCEANEERING INTERNATIONAL, INC.: COMPANY OVERVIEW              283

TABLE 256         OCEANEERING INTERNATIONAL, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED   284

TABLE 257         OCEANEERING INTERNATIONAL, INC.: DEALS  286

TABLE 258         OCEANEERING INTERNATIONAL, INC.: OTHERS             287

TABLE 259         INTERVENTEK SUBSEA ENGINEERING: COMPANY OVERVIEW              288

TABLE 260         INTERVENTEK SUBSEA ENGINEERING: PRODUCTS/SERVICES/

SOLUTIONS OFFERED  289

TABLE 261         HALLIBURTON: PRODUCT LAUNCHES 291

TABLE 262         INTERVENTEK SUBSEA ENGINEERING: DEALS  291

TABLE 263         AJ LUCAS GROUP: COMPANY OVERVIEW           293

TABLE 264         AJ LUCAS GROUP: PRODUCTS/SERVICES/SOLUTIONS OFFERED          294

TABLE 265         AJ LUCAS GROUP: DEALS           295

TABLE 266         CHINA OILFIELD SERVICES LIMITED: COMPANY OVERVIEW              296

TABLE 267         CHINA OILFIELD SERVICES LIMITED: PRODUCTS/SERVICES/SOLUTIONS OFFERED   297

TABLE 268         CHINA OILFIELD SERVICES LIMITED: OTHERS  299

LIST OF FIGURES

FIGURE 1           WELL INTERVENTION MARKET SEGMENTATION          29

FIGURE 2           RESEARCH DESIGN       35

FIGURE 3           DATA TRIANGULATION             36

FIGURE 4           MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH       41

FIGURE 5           MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH       41

FIGURE 6           CRUDE OIL PRICE VS. RIG COUNT, 2013–2023 (USD PER BARREL)            43

FIGURE 7           CRUDE OIL PRICE TREND, 2014–2023 (USD PER BARREL)              44

FIGURE 8           MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR WELL INTERVENTION SOLUTIONS AND SERVICES          44

FIGURE 9           KEY STEPS CONSIDERED TO ASSESS SUPPLY OF WELL INTERVENTION

SOLUTIONS AND SERVICES       47

FIGURE 10         WELL INTERVENTION MARKET: SUPPLY-SIDE ANALYSIS              48

FIGURE 11         NORTH AMERICA ACCOUNTED FOR LARGEST MARKET SHARE IN 2023 53

FIGURE 12         LOGGING & BOTTOMHOLE SURVEY SEGMENT TO ACCOUNT FOR

LARGEST MARKET SHARE IN 2029          54

FIGURE 13         LIGHT INTERVENTION SEGMENT TO ACCOUNT FOR LARGEST MARKET

SHARE IN 2029  55

FIGURE 14         HORIZONTAL WELL SEGMENT TO HOLD LARGER MARKET SHARE IN 2029  55

FIGURE 15         ONSHORE SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2029  56

FIGURE 16         GROWING NEED TO INCREASE PRODUCTION FROM MATURE OIL & GAS FIELDS TO DRIVE DEMAND FOR WELL INTERVENTION SOLUTIONS AND SERVICES 57

FIGURE 17         NORTH AMERICA TO RECORD HIGHEST CAGR IN WELL INTERVENTION MARKET BETWEEN 2024 AND 2029        58

FIGURE 18         LIGHT INTERVENTION SEGMENT AND US HELD LARGEST SHARES OF NORTH AMERICAN WELL INTERVENTION MARKET IN 2023 58

FIGURE 19         LOGGING & BOTTOMHOLE SURVEY SEGMENT TO ACCOUNT FOR LARGEST SHARE OF WELL INTERVENTION MARKET IN 2029           59

FIGURE 20         LIGHT INTERVENTION SEGMENT TO ACCOUNT FOR LARGEST SHARE OF

WELL INTERVENTION MARKET IN 2029 59

FIGURE 21         HORIZONTAL WELL SEGMENT TO ACCOUNT FOR LARGER SHARE OF

WELL INTERVENTION MARKET IN 2029 60

FIGURE 22         ONSHORE SEGMENT TO ACCOUNT FOR LARGER SHARE OF WELL INTERVENTION MARKET IN 2029 60

FIGURE 23         WELL INTERVENTION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES        61

FIGURE 24         OIL PRODUCTION, BY REGION, 2019–2023 (MILLION BARRELS/DAY) 63

FIGURE 25         GLOBAL OIL DEMAND, 2019–2023 (THOUSAND BARRELS/DAY)              65

FIGURE 26         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES              70

FIGURE 27         VALUE CHAIN ANALYSIS OF WELL INTERVENTION MARKET              71

FIGURE 28         PARTICIPANTS IN WELL INTERVENTION ECOSYSTEM  73

FIGURE 29         EXPORT DATA RELATED TO HS CODE 730424-COMPLIANT PRODUCTS

FOR KEY REGIONS/COUNTRIES, 2020–2022 (USD THOUSAND)   77

FIGURE 30         IMPORT DATA RELATED TO HS CODE 730424-COMPLIANT PRODUCTS

FOR KEY REGIONS/COUNTRIES, 2020–2022 (USD THOUSAND)   78

FIGURE 31         IMPORT DATA RELATED TO HS CODE 730423-COMPLIANT PRODUCTS

FOR KEY REGIONS/COUNTRIES, 2020–2022 (USD THOUSAND)   80

FIGURE 32         EXPORT DATA RELATED TO HS CODE 730423-COMPLIANT PRODUCTS

FOR  KEY REGIONS/COUNTRIES, 2020–2022 (USD THOUSAND) 81

FIGURE 33         PATENTS APPLIED AND GRANTED RELATED TO WELL INTERVENTION

SOLUTIONS, 2013–2023 82

FIGURE 34         AVERAGE SELLING PRICE (ASP) TREND OF WELL INTERVENTION SERVICES,

BY REGION, 2021–2029 (USD THOUSAND)           87

FIGURE 35         INDICATIVE PRICING TREND OF WELL INTERVENTION SERVICES,  BY APPLICATION, 2023 (USD THOUSAND)  88

FIGURE 36         INVESTMENT AND FUNDING SCENARIO OF KEY PLAYERS IN WELL INTERVENTION MARKET, 2024 (USD BILLION)    89

FIGURE 37         PORTER’S FIVE FORCES ANALYSIS RELATED TO WELL INTERVENTION MARKET           95

FIGURE 38         INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION  97

FIGURE 39         KEY BUYING CRITERIA, BY APPLICATION          98

FIGURE 40         WELL INTERVENTION MARKET, BY WELL TYPE, 2023    100

FIGURE 41         WELL INTERVENTION MARKET, BY INTERVENTION TYPE, 2023              105

FIGURE 42         WELL INTERVENTION MARKET, BY APPLICATION, 2023              111

FIGURE 43         WELL INTERVENTION MARKET, BY SERVICE, 2023         118

FIGURE 44         NORTH AMERICA TO REGISTER HIGHEST CAGR IN WELL INTERVENTION MARKET FROM 2024 TO 2029   136

FIGURE 45         WELL INTERVENTION MARKET, BY REGION, 2023          136

FIGURE 46         NORTH AMERICA: WELL INTERVENTION MARKET SNAPSHOT              139

FIGURE 47         EUROPE: WELL INTERVENTION MARKET SNAPSHOT    147

FIGURE 48         WELL INTERVENTION MARKET SHARE ANALYSIS, 2023 201

FIGURE 49         WELL INTERVENTION MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2019–2023 (USD BILLION)            203

FIGURE 50         WELL INTERVENTION MARKET: COMPANY VALUATION, 2024 (USD BILLION) 204

FIGURE 51         WELL INTERVENTION MARKET: FINANCIAL METRICS, 2024              204

FIGURE 52         WELL INTERVENTION MARKET: BRAND/PRODUCT COMPARISON   205

FIGURE 53         WELL INTERVENTION MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2023     207

FIGURE 54         WELL INTERVENTION MARKET: COMPANY FOOTPRINT              208

FIGURE 55         WELL INTERVENTION MARKET: COMPANY EVALUATION MATRIX

(STARTUPS/SMES), 2023             214

FIGURE 56         SLB: COMPANY SNAPSHOT       222

FIGURE 57         HALLIBURTON: COMPANY SNAPSHOT 232

FIGURE 58         BAKER HUGHES: COMPANY SNAPSHOT             241

FIGURE 59         WEATHERFORD: COMPANY SNAPSHOT             248

FIGURE 60         ARCHER: COMPANY SNAPSHOT             255

FIGURE 61         EXPRO GROUP: COMPANY SNAPSHOT 262

FIGURE 62         TRICAN.: COMPANY SNAPSHOT             268

FIGURE 63         PATTERSON-UTI: COMPANY SNAPSHOT            272

FIGURE 64         NINE ENERGY SERVICE: COMPANY SNAPSHOT 275

FIGURE 65         KEY ENERGY SERVICES: COMPANY SNAPSHOT 278

FIGURE 66         FORUM ENERGY TECHNOLOGIES, INC.: COMPANY SNAPSHOT              281

FIGURE 67         OCEANEERING INTERNATIONAL, INC.: COMPANY SNAPSHOT              284

FIGURE 68         AJ LUCAS GROUP: COMPANY SNAPSHOT           294

FIGURE 69         CHINA OILFIELD SERVICES LIMITED: COMPANY SNAPSHOT              297