The North American oil well intervention market is expected to reach $4.2 billion by 2024 at a CAGR of 6% over the forecast period, from $3 billion in 2019. The increase in maturity sectors in the US and Canada along with increasing shale activity is the driving force behind the North American oil well intervention industry. Well intervention activities are a fundamental requirement and well completion, production and well abandonment create market growth opportunities.
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North America Well Intervention Market Segmentation
By Service Type
• Logging & Bottom Hole Survey
• Tubing/Packer Failure & Repair
• Stimulation
• Artificial Lift
• Others
By Application
• Onshore
• Offshore
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