Key Players in the South & Central America Well Intervention Market are Baker Hughes, Halliburton, Nabors Industries Ltd., Schlumberger Ltd., Superior Energy Services, Weatherford International Ltd, Lupatec, Aker solutions
(PRWEB) December 29, 2014
The report “South & Central America Well Intervention Market - Global Forecasts to 2018” analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
This report studies the South & Central America Well Intervention market over the forecast period from 2013 to 2018. The market is expected to reach $4 billion by 2018, at CAGR of 15.0% from 2013 to 2018.
Well Intervention typically involves providing services such as stimulation, artificial lift services & logging, and bottom hole & other services pertaining for the proper functioning of the well. These services are used in order to increase the productivity of drilled wells.
The South & Central America Well Intervention market is classified into two major segments, services and applications. The services segment is further categorized into logging & bottom hole intervention, tubing/packer failure & repair, stimulation, remedial cementing, zonal isolation, sand control, artificial lift, fishing, re-perforation, and other intervention services. Likewise, applications comprise onshore and offshore activities.
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Factors such as demand and supply of crude oil & natural gas, and renewal of wells are driving the growth of the South & Central America well intervention market. On the other hand, lack of technical expertise and environmental risks are restricting the growth of this market. However, focus on unconventional reserves offer new growth opportunities for the market players.
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As of 2013, Mexico is estimated to have accounted the largest share of the South & Central America Well Intervention market, followed by Venezuela. However, the Argentine market is expected to grow at highest CAGR of 11.6% from 2013 to 2018.
Schlumberger Ltd., Weatherford International Ltd., Halliburton Co., and Baker Hughes Inc. are the major players in this market.
Global Logging & Bottom Hole Intervention Market
Well logging & bottom hole service is the method of recording and study the in deepness record of the study well record. This practice has been initiated by Schlumberger. This can be finished during any phase such as producing, drilling, completing, and even at the time of abandonment. Well logging is very useful for the entire life of the well as the evaluation is the only means to know the actual conditions of the well. In the global viewpoint, well logging & bottom hole review service market is rising at a high rate. Huge well count in Americas region continues to direct the market growth.
In some of the region there is a necessity for drilling new wells for the renewal of heavy oil. Hence, the market of logging and bottom hole well intervention market is rising at high CAGR.
The report examines the logging & bottom hole services market by application and geographies. Market share analysis, by revenue, of the top companies is also included in the report. The market share analysis of these key players is arrived at, based on key facts, annual financial information, and interviews with key opinion leaders such as CEOs, Directors, and marketing executives.
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