Well abandonment is a natural part of the oilfield lifecycle. For over a hundred years, wells have been drilled, produced and finally abandoned. Historically, well productivity and costs determined when a wellbore was abandoned.
This report contains market size and forecasts of Well Abandonment Services in Global, including the following market information:
Global Well Abandonment Services Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Well Abandonment Services market was valued at 1316.9 million in 2021 and is projected to reach US$ 1962.8 million by 2028, at a CAGR of 5.9% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Temporarily Abandoned Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Well Abandonment Services include BHGE, Schlumberger, Halliburton, Weatherford and TechnipFMC, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Well Abandonment Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Well Abandonment Services Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Well Abandonment Services Market Segment Percentages, by Type, 2021 (%)
Temporarily Abandoned
Shut In
Global Well Abandonment Services Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Well Abandonment Services Market Segment Percentages, by Application, 2021 (%)
Offshore
Onshore
Global Well Abandonment Services Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Well Abandonment Services Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Well Abandonment Services revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Well Abandonment Services revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
BHGE
Schlumberger
Halliburton
Weatherford
TechnipFMC