The Report “Asia Pacific Well Intervention Market by Service Type (Logging & Bottom Hole Survey, Tubing/Packer Failure & Repair, Stimulation, Artificial Lift, Others), by Application (Onshore & Offshore), and by Country - Analysis & Forecast To 2019”, is estimated to reach $1,703.1 million by 2019, growing at a CAGR of 3.5% from 2014 to 2019.
Browse through the TOC of the Asia Pacific Well Intervention Market for an analysis of industry trends and segments, with the help of various tables and figures.
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Well intervention services market have become an integral part of the production phase during the life cycle of an oil well, driven by rising offshore and heavy oil productions. Soaring demand of energy and maturity of existing oil fields have intensified a major portion of upstream oil & gas operating expenditure towards well intervention/workover services. The limited and depleting land reserves are forced to enhance their oil recovery. To maintain the well and its optimum oil production level, boosting the necessity of well intervention services is needed to a greater extent.
In 2014, 22% of Asia-Pacific well intervention market was contributed by the China, followed by India with a share of 21%.
The main services in the concerned market are logging & bottom hole survey, tubing/packer failure & repair, stimulation, artificial lift, and others. The market is analyzed in terms of the major countries in Asia-Pacific market such as, China, Australia, India, Indonesia, Malaysia, and others. Onshore is the main application area of Asia-Pacific well intervention service market with 72.7% market share in 2014.
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