Well intervention or well work is the operation performed on oil and gas wells during their productive life, which alters the well geometry and manages the production of wells by providing extensive well diagnostics. Market Research Future (MRFR) has recently published a detailed report on the global well intervention market asserting that the global market for well intervention is anticipated to expand at a steady CAGR of 3.5% during the forecast period of 2017-2023.
The growth of the well intervention market is driven by the increasing pressure on the oil field operators to increase the production of the hydrocarbons. The gradual depletion of the existing oil and gas natural reserves is leading to the increase in the use of well intervention services. The maturity of the existing oil and gas wells has increased the need for maintenance of oil wells to increase the productivity. The well intervention industry is important to both the equipment ... Read more
The growth of the well intervention market is driven by the increasing pressure on the oil field operators to increase the production of the hydrocarbons. The gradual depletion of the existing oil and gas natural reserves is leading to the increase in the use of well intervention services. The maturity of the existing oil and gas wells has increased the need for maintenance of oil wells to increase the productivity. The well intervention industry is important to both the equipment ... Read more
The well intervention market is anticipated to garner a CAGR of 3.5% during the forecast period (2017-2023), Market Research Future (MRFR) unveils in a detailed report. Well intervention is the operation which is being carried out during the life of an oil well. These operations are generally carried out to improve the production as well as for the maintenance of the well.
The growth of the well intervention market is driven by the increasing pressure on the oil field operators to ... Read more