Africa Well Intervention Service Market by Types (Logging & Bottom Hole Survey, Tubing/Packer Failure & Repair, Stimulation, Artificial Lift, Others), by Application (Onshore & Offshore), and by Countries - Analysis and Forecast to 2019

The purpose of this report is to cover the definition, description, and forecast of the African well intervention services market. It involves a deep dive analysis of the market segmentation, which is based on service and application. The report also gives deep insights into the competitive landscape of the market through a strategic analysis of the key players of the market. The well intervention service market in Africa, in terms of service, has been segmented into logging & bottom hole survey, tubing/packer failure & repair, stimulation, artificial lift, among other services. The main end-users of the market are oilfield service companies, oil & gas field operators.

African well intervention service market is projected to grow at a CAGR of 4% during the forecast period of 2014 to 2019. The share is attributed to the increased energy demand in the African market. There is a huge unmet demand for light well intervention in the African region. This will act as another driving factor in the African well intervention service market.

Based on the analysis and the general growth trend adopted by the major industry players, the first winning imperative found is focus on shale gas exploration. This investment in shale gas in different regions worldwide will directly affect the market of well intervention services, as the demand for services such as hydraulic fracturing, logging, etc. will be exponential in exploration and development activities of this unconventional resource.

Well intervention is a collective term used for any operation such as performing major maintenance or remedial treatments in an oil & gas well during or at the end of its productive life, this alters its state and sometimes well geometry; hence managing its production. In simple terms, any operation which is performed on an oil & gas well after drilling and completion is called a well intervention. In depleting reservoirs when residual hydrocarbons is bypassed and eventually trapped, initially well placement may not be able to fully drain out the reservoir; typically 30%-40% of oil is easily recoverable. In such cases, demand for drilling new wells may not be the best solution to achieve additional barrels of oil and counterbalance the natural production decline. But with well surveillance & well intervention services, recovery rate can further be enhanced to help and satisfy the current and future global energy need.

The report also provides a detailed competitive landscape of companies operating in this market. Segment and country-specific company shares, news & deals, M&As, segment-specific pipeline products, product approvals, and product recalls, of the major companies have been detailed in the report. The main companies operating in this market are Aker Solutions ASA (Norway), Schlumberger Ltd. (U.S.), Baker Hughes Inc.(U.S.), and Halliburton Company (U.S.).

Tables of Contents

1 Introduction (Page No. - 10)
    1.1 Objectives of the Study
    1.2 Market Segmentation & Coverage
    1.3 Stakeholders

2 Research Methodology (Page No. - 12)
    2.1 Integrated Ecosystem of Well Intervention Service Market
    2.2 Arriving at the Well Intervention Service Market Size
           2.2.1 Top-Down Approach
           2.2.2 Bottom-Up Approach
           2.2.3 Demand Side Approach
           2.2.4 Macroindicator-Based Approach
    2.3 Assumptions

3 Executive Summary (Page No. - 20)

4 Market Overview (Page No. - 21)
    4.1 Introduction
    4.2 African Well Intervention Service: Comparison With Parent Market
    4.3 Market Drivers and Inhibitors
    4.4 Key Market Dynamics
    4.5 Demand Side Analysis

5 Africa Well Intervention Service Market, By Application (Page No. - 28)
    5.1 Introduction
    5.2 Africa Well Intervention Service Market in Onshore, By Country
    5.3 Africa Well Intervention Service Market in Offshore, By Country
    5.4 Africa Well Intervention Service Market in Offshore, By Type

6 Africa Well Intervention Service Market, By Type (Page No. - 35)
    6.1 Introduction
    6.2 African Well Intervention Service Market, Type Comparison With Oilfield Service Market

7 Well Intervention Service Market, By Country
    7.1 Introduction
    7.2 Nigerian Well Intervention Service Market
           7.2.1 Nigerian Well Intervention Service Market, By Application 2013-2019 (USD MN)
    7.3 Algerian Well Intervention Service Market
           7.3.1 Algeria Well Intervention Service Market, By Application
    7.4 Angola Well Intervention Service Market
           7.4.1 Angola Well Intervention Service Market, By Application

8 Africa Well Intervention Service Market: Competitive Landscape (Page No. - 49)
    8.1 Africa Well Intervention Service Market: Company Share Analysis
    8.2 Mergers & Acquisitions
    8.3 Expansions
    8.4 New Product/Service Launches
    8.5 Joint Ventures
    8.6 New Technology
    8.7 Contracts
    8.8 Others

 
9 Africa Well Intervention Service Market, By Company (Page No. - 55)
(Business Overview, Products & Services, Key Insights, Recent Developments, Swot Analysis, Mmm View)*
    9.1 Schlumberger Ltd.
    9.2 Halliburton Co.
    9.3 Baker Hughes Inc
    9.4 Weatherford International PLC
    9.5 Aker Solutions ASA
    9.6 Superior Energy Services Inc.
    9.7 Trican Well Service Ltd.
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, Swot Analysis, Mmm View Might Not be Captured in Case of Unlisted Companies.

10 Appendix (Page No. - 85)
     10.1 Customization Options
             10.1.1 Products and Services Benchmarking Analysis
             10.1.2 Regulatory Framework
             10.1.3 Impact Analysis
             10.1.4 Current Industry Challenges
             10.1.5 Historical Data and Trends
             10.1.6 Well Intervention In-Depth Value Chain Analysis
     10.2 Related Reports
     10.3 Introducing RT: Real Time Market Intelligence
             10.3.1 RT Snapshots

List of Tables (47 Tables)

Table 1 African Well Intervention Service Peer Market Size, 2013(USD MN)
Table 2 African Well Intervention Service Market Size, By Application, 2013 (USD MN)
Table 3 African Well Intervention Service Market: Macroindicator, By Country, 2013
Table 4 African Well Intervention Service Market: Comparison With Parent Market, 2013 – 2019 (USD MN)
Table 5 African Well Intervention Service Market: Drivers and Inhibitors
Table 6 African Well Intervention Service Market, By Application, 2013 – 2019 (USD MN)
Table 7 African Well Intervention Service Market Size, By Type, 2013 - 2019 (USD MN)
Table 8 African Well Intervention Service Market: Comparison With Application Market, 2013 - 2019 (USD MN)
Table 9 African Well Intervention Service Market, By Application, 2013 - 2019 (USD MN)
Table 10 African Well Intervention Service Market in Onshore, By Country, 2013 - 2019 (USD MN)
Table 11 Well Intervention Service Market in Offshore,By Country, 2013 - 2019 (USD MN)
Table 12 Well Intervention Service Market in Offshore,By Type, 2013 - 2019 (USD MN)
Table 13 African Well Intervention Service Market, By Type, 2013 - 2019 (USD MN)
Table 14 African Well Intervention Service Market: Type Comparison With Parent Market Size, 2013–2019 (USD MN)
Table 15 African Well Intervention Service Market, By Country, 2013 - 2019 (USD MN)
Table 16 Nigerian Well Intervention Service Market, By Application, 2013-2019 (USD MN)
Table 17 Algerian Well Intervention Service Market Size, By Application, 2013 - 2019 (USD MN)
Table 18 Angola: Well Intervention Service Market, By Application, 2013 - 2019 (USD MN)
Table 19 Well Intervention Service Market: Company Share Analysis, 2013 (%)
Table 20 African Well Intervention Service Market: Mergers & Acquisitions
Table 21 African Well Intervention Service Market: Expansion
Table 22 African Well Intervention Service Market: New Product Launches
Table 23 African Well Intervention Service Market: Joint Ventures/Alliances
Table 24 African Well Intervention Service Market: New Technology
Table 25 African Well Intervention Service Market: Contracts
Table 26 African Well Intervention Service Market: Others
Table 27 Schlumberger Ltd.: Key Operations , 2009 - 2013 (USD MN)
Table 28 Schlumberger Ltd.: Market Revenue, By Business Segment, 2009 - 2013 (USD MN)
Table 29 Schlumberger Ltd.: Market Revenue, By Region, 2009 - 2013 (USD MN)
Table 30 Halliburton Co.: Key Operations Data 2009 - 2013 (USD MN)
Table 31 Halliburton Co: Market Revenue, By Business Segments 2009 - 2013 (USD MN)
Table 32 Halliburton Co: Market Revenue, By Geographic Segments 2009 - 2013 (USD MN)
Table 33 Baker Hughes Inc: Key Financials, 2009 - 2013 (USD MN)
Table 34 Baker Hughes Inc: Market Revenue, By Geographic Segments 2009 - 2013 (USD MN)
Table 35 Baker Hughes Inc: Market Revenue, By Business Segments 2009 - 2013 (USD MN)
Table 36 Weatherford International PLC:  Key Operations Data 2009 - 2013 (USD MN)
Table 37 Weatherford International PLC:  Market Revenue, By Business Segments 2009 - 2013 (USD MN)
Table 38 Weatherford International PLC:  Market Revenue, By Geographic Segments 2009 - 2013 (USD MN)
Table 39 Aker Solutions Asa: Key Operation Data, 2009- 2013 (Usd Million)
Table 40 Aker Solutions: Market Revenue, By Business Segments 2009 - 2013 (USD MN)
Table 41 Aker Solutions: Market Revenue, By Geographic Segments 2009 - 2013 (USD MN)
Table 42 Superior Energy Services Inc.: Market Revenue, By Business Segments 2009 - 2013 (USD MN)
Table 43 Superior Energy Services Inc.: Market Revenue, By Geographic Segments 2009 - 2013 (USD MN)
Table 44 Superior Energy Services: Key Operations 2009 - 2013 (USD MN)
Table 45 Trican Well Service: Market Revenue, By Geography 2009 - 2013 (USD MN)
Table 46 Trican Well Service: Key Operations 2009 - 2013 (USD MN)
Table 47 Trican Well Service: Related Developments

List of Figures (35 Figures)

Figure 1 Africa Well Intervention Service Market: Segmentation & Coverage
Figure 2 Well Intervention Service Market: Integrated Ecosystem
Figure 3 Research Methodology
Figure 4 Top-Down Approach
Figure 5 Bottom-Up Approach
Figure 6 Demand Side Approach
Figure 7 Macroindicator-Based Approach, Number of New Wells, 2013
Figure 8 Africanwell Intervention Service Market Snapshot
Figure 9 African Well Intervention Service Market, By Application, 2014 vs 2019
Figure 10 African Well Intervention Service Type, By Country, 2013 (USD MN)
Figure 11 Well Intervention Service: Application Market Scenario
Figure 12 Africa Well Intervention Service Market, By Application, 2014 - 2019 (USD MN)
Figure 13 African Well Intervention Service Market in Onshore, By Country, 2013 - 2019 (USD MN)
Figure 14 Well Intervention Service Market in Offshore, By Country, 2013 – 2019 (USD MN)
Figure 15 African Well Intervention Service Market in Offshore, By Type, 2013 - 2019 (USD MN)
Figure 16 African Well Intervention Service Market, By Type, 2013 - 2019 (USD MN)
Figure 17 African Well Intervention Service Market: Type Comparison With Oilfield Market, 2013–2019 (USD MN)
Figure 18 African Well Intervention Service Market: Growth Analysis, By Country, 2014-2019 (USD MN)
Figure 19 Nigerian Well Intervention Service Market Overview, 2014 & 2019 (%)
Figure 20 Nigerian Well Intervention Service Market, By Application, 2013-2019 (USD MN)
Figure 21 Nigerian Well Intervention Service Market: Application Snapshot
Figure 22 Algerian Well Intervention Service Market Overview, 2014 & 2019 (%)
Figure 23 Algeria Well Intervention Service Market, By Application, 2013-2019 (USD MN)
Figure 24 Algeria Well Intervention Service Market: Application Snapshot
Figure 25 Angola: Well Intervention Service Market Overview, 2014 & 2019 (%)
Figure 26 Angola: Well Intervention Service Market, By Application, 2013 - 2019 (USD MN)
Figure 27 Angola: Well Intervention Service Market: Application Snapshot
Figure 28 Well Intervention Service Market: Company Share Analysis, 2013 (%)
Figure 29 Schlumberger Ltd: Revenue Mix, 2013 (%)
Figure 30 Halliburton: Revenue Mix, 2013(%)
Figure 31 Baker Hughes Inc: Revenue Mix, 2013 (%)
Figure 32 Weatherford International PLC:  Revenue Mix, 2013(%)
Figure 33 Aker Solutions Asa, Revenue Mix, 2013 (%)
Figure 34 Superior Energy Services Inc.: Revenue Mix, 2013(%)
Figure 35 Trican, Revenue Mix, 2013 (%)

Well intervention or workover is a collective term used for any operations such as performing major maintenance or remedial treatments in an oil or gas well during or at the end of its productive life, this alters its state and sometimes well geometry; hence managing its production. In simple terms, any operations which are performed on oil & gas well after drilling and completion is called a workover or well intervention. In depleting reservoirs, when the residual hydrocarbons is bypassed and eventually trapped, initial well placement may not be able to fully drain the reservoir; typically 30%-40% of oil is easily recoverable. In such cases, demand of drilling new wells may not be the best solution to achieve additional barrels of oil and counterbalance the natural production decline. But with well surveillance & well intervention services, recovery rate can further be enhanced to help in satisfying the current and future energy need.

The need for well intervention typically occurs after five years of production, due to reduced pressure in wells, increased water cut or sand production, scaling in wells, and other factors. Generally, oil wells have a greater need for intervention than gas or injection wells. Operations such as through-tubing workover, using coiled tubing, snubbing or slick-line equipment are routinely conducted to complete treatments or well service activities to avoid a full workover where the tubing is removed.

The soaring energy demand is pressurizing the field operators to increase the production of hydrocarbons. As existing oil & gas reserves are depleting, the need for well intervention services is gaining its pace. On the other hand, the maturity of existing oil & gas wells also leads to greater extent of intervention/workover services. This trend of the industry makes it lucrative for both equipment manufacturers and service operators.

Well intervention/workover services typically includes well stimulation, logging & bottom hole survey, tubing/packer failure & repair, remedial cementing, zonal isolation, sand control services, artificial lift services, fishing, re-perforation jobs, and many others. This study estimates the African market of well intervention forecast till 2019.

The well intervention market in Africa was valued at $1102.0 million in 2014, and is expected to grow at a CAGR of 4% from 2014 and 2019. The market segment in Nigeria has commanded the largest share of 31% in 2013, and is expected to reach a value of $433.3million by 2019, at a CAGR of 4.6% from 2014 to 2019.

An in-depth market share analysis, by revenue, from the top companies is included in the report. These numbers are arrived at, based on key facts, annual financial information from SEC filings, annual reports, and interviews with top-notch industry experts and key opinion leaders, such as CEOs, directors, and marketing executives. The top market players that have established their base in the African well intervention market are Aker Solutions ASA (Norway), Schlumberger Ltd. (U.S.), Baker Hughes Inc. (U.S.), and Halliburton Company (U.S.)