Tag Archives: oilfield

North America Well Intervention Market to Reach $4.2 Billion by 2024

According to the new market research report North America Well Intervention Market by Service (Logging & Bottomhole Survey, Tubing/Packer Failure & Repair, Stimulation), Type (Light, Medium, Heavy), Application (Onshore, Offshore), Well Type (Horizontal, Vertical), Country – Forecast to 2024″ published by MarketsandMarkets™, is projected to reach USD 4.2 billion by 2024 from an estimated USD 3.0 billion in 2019, at a CAGR of 6.5% during the forecast period. The rising number of mature fields in the US and Canada, along with rising shale activities are the driving factors for the North America well intervention industry. The well intervention activities are fundamental requirements while well completion, production, and well abandonment, which creates opportunities for growth of the market.

Well Casing & Cementing Market worth $11.7 billion by 2024

According to the new market research report Well Casing & Cementing Market by Type (Casing, Cementing), Service (Casing pipe, equipment & services, Cementing equipment & services), Operation (Primary, Remedial), Application (Onshore, Offshore), Well, and Region – ****** Forecast to 2024″, published by MarketsandMarkets™, the Well Casing & Cementing Market is projected to reach USD 11.7 billion by 2024 from an estimated USD 9.2 billion in 2019, at a CAGR of 5.0% during the forecast period. Increasing drilling activities along with shale developments in North America, Asia Pacific, and some parts of South & Central America are the driving factors for the Well Casing & Cementing Market, globally. The well completion procedure involves well casing & cementing as primary operations, which are directly affected by the rising exploration & production activities.

Oilfield Services Market, ****** Analysis, Size, Share, Report (2017 – 2022)

According to new market research report “Oilfield Services Market by Application (Onshore and Offshore), Service (Well Completion Equipment & Services, Well Intervention Services, Coiled Tubing Services, Pressure Pumping Services, OCTG, and Wireline Services), and Region – ****** Forecast to 2022″, The oilfield services market is expected to grow from an estimated USD 106.43 Billion in 2017 to USD 125.51 Billion by 2022, registering a CAGR of 3.35%, from 2017 to 2022. The ****** market is set to witness a significant growth due to the increasing shale gas exploration, increasing oil & gas production, and growing efforts in exploring new oil & gas reserves.