Europe's well intervention market is expected to reach $3.95 billion by 2018, up from $2.25 billion in 2013, at a CAGR of 11.9%. Current exploration and production activities in the region are aimed at prolonging the availability of oil and gas supplies.
The use of oil and gas will remain crucial to Europe, particularly during the regions transition to a low-carbon economy. Current resource base of oil and gas is sufficient to meet the projected demand in the region, until enhanced recovery methods are applied to recover more oil and gas economically and alternative forms of energy will be technically and economically viable.
Well intervention is an ideal service to meet Europe's requirements. Since the regions oil and gas activity mostly lies in the offshore areas especially the North Sea, where the operators are often forced to work in harsh environments.The report provides comprehensive analysis of potential offshore reserves and production data, followed by a thorough evaluation of the well intervention market segment by region, major countries and key company information.
The report also provides a section on the competitive landscape, detailing recent deal analysis and key company information with their financials, business description and analyst view.