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Europe Well Intervention Services Market is Expected to Reach $3.4 Billion by 2018 - New Report by MicroMarket Monitor
Date:7/11/2014

(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.

http://www.micromarketmonitor.com/market/europe-well-intervention-1286193143.html

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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