(PRWEB) July 11, 2014
The Europe Well Intervention Market report defines and segments the well intervention services market in Europe with analysis and revenue forecast. The well intervention services market in Europe is estimated to grow from around $2.4 billion in 2013 to $3.4 billion by 2018, at a CAGR of 7% from 2013 to 2018.
Browse through the TOC of the Europe Well Intervention Market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the Europe well intervention market, and is supported by various tables and figures.
The growing energy demand and continuous depletion of existing oil reserves are forcing E&P companies to operate in offshore environments, making it a huge potential market for well intervention services. To satisfy the increasing demand of oil and gas, oil companies are seeking to unlock the full potential of wells. Hence, new advanced well intervention equipment and technologies are crucial for full exploitation of existing wells.
Europe is one of the major markets, where in Russia holds a maximum share in the well intervention services market. Russia is the biggest market in Europe, and as of 2013, contributed a major share of around 66% in the Europe well intervention market.
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This market is segmented and forecasted on the basis of service types of well intervention, such as logging & bottom hole surveys, tubing/packer failure & repair, stimulation, remedial cementing, zonal isolation,
sand control services, artificial lift services, fishing, re-perforation, and others. The market is further segmented and forecasted on the basis of major countries, such as the Russia, Norway, U.K., Denmark and others. The market is also segmented and analyzed on the basis of application areas, such as onshore and offshore.
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This report also includes the market share, supply chain and value chain analyses and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of key players in the market including major companies which provide well intervention services.
North America Well Intervention Market
The North American Well Intervention market has been valued at $3.1b in the year 2013 and is estimated to reach $5.1b by the end of the year 2018 at a CAGR of 10.1%.
Asia-Pacific Well Intervention Market
Asia-Pacific well intervention market has been valued at $1.2b in the year 2013 and is projected to reach $2.3b by the end of the year 2018 at a CAGR of 13.5%.
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