The Report “Europe Well Intervention Services Market by Service Types (Logging & Bottom Hole Survey, Tubing/Packer Failure & Repair, Stimulation, Artificial Lift, Others), by Application (Onshore & Offshore), and by Geographies – Analysis & Forecast to 2019” is estimated to reach $3,499.7 million by 2019, at a CAGR of 5.3% from 2014 to 2019.
Browse through the TOC of the Europe Well Intervention Services Market for an analysis of industry trends and segments, with the help of various tables and figures.
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The growth of the European drilling waste management market is attributed to the revitalization of aging brown field wells. With new intervention techniques emerging, the Operators, NOC’s and IOC’s in their quest for increasingly efficient well production are looking into revisiting abandoned and aging wells which formerly were not economically viable. Production from these brown fields can be increased by deploying some enhanced recovery techniques or by applying artificial lift method. These require specialized intervention/workover services and leads to the high growth of intervention service market.
Russia held the largest market share of 35.0% in 2014 within European well intervention market followed by the U.K. with a market share of 16.0%.
The main services in the concerned market are logging & bottom hole survey, tubing/packer failure & repair, stimulation, remedial cementing, zonal isolation, sand control services, artificial lift services, fishing, and re-perforation. The market has been analyzed in terms of the major countries in European market, such as Russia, Norway, the U.K., Denmark, and others. Onshore & offshore well intervention activities are the major applications of the market.
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