The major factors that are expected to drive the well intervention market are the rapid increase in demand for energy, increase in production of oil & gas and the regeneration of aging wells. However, the growth of the market is expected to be restrained by the increasing awareness about the use of renewable energy and the imposing of strict rules and regulations by the government.
The growth of the well intervention market is driven by ... Read more
One of the major factors driving the growth of the market is the continuous depletion of oil reserves and the ever-increasing demand for oil all over the world. There is a rapid increase in demand for energy owing to factors such as rapid urbanization and industrialization. The growth in demand for energy is also driving the growth of the oil and gas industry. So, there is a rise need for enhancement of production so as to meet the ... Read more