Well Abandonment Services Market Size & Share, by Type (Temporarily Abandoned, Shut In); Application (Offshore, Onshore); Service (Site Clearance, Materials Disposal, Well Plugging Abandonment, Permitting Regulatory Compliance, Pipeline Power Cable Decommissioning); Removal Type (Leave In Place, Partial Removal, Complete Removal); Depth (Shallow & Deep Water); Structure (Topside, Substructure, Sub Infrastructure) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5568
  • Published Date: Jan 23, 2024
  • Report Format: PDF, PPT

Companies Dominating the Well Abandonment Services Market

top-features-companies
    • A&T Well and Pump
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • A Plus Well Service Inc.
    • Acona AS
    • AGR Holdco Ltd.
    • BiSN Oil Tools Ltd.
    • Calfrac Well Services Ltd.
    • Coretrax Ltd.
    • Dan Wood Co.
    • Expro Group Holdings NV
    • Halliburton Co.
    • Weatherford International

Browse Key Market Insights with Data Illustration:

In-the-news

In The News

 

  • December 6, 2023: BiSN Oil Tools Ltd., a leading provider of long-time downhole sealing solutions, has launched a new manufacturing faculty in Perth, Western Australia to better assist operators in the region. The faculty will drastically raise the operational potential for BiSN in the Asia-Pacific region, developing multiple local jobs. Situated in Perth, the new faculty shows a significant investment in infrastructure and talent. BiSN’s growth in Australia is pushed by the increasing requirement for Wel-lok™ technology in the region, which gives affordable, trustworthy, and eco-friendly sealing solutions for the oil and gas industry.
  • June 7, 2023: BiSN Oil Tools Ltd. has fulfilled the first stage of a multi-year project in the North Sea in support of a major oil and gas operator. To accomplish this, BiSN implemented its proprietary Wel-lok alloy barrier technology to securely and effectively plug and abandon six oil and gas wells in the North Sea. As an outcome of this three-year deal award, which characteristics two one-year expansions, BiSN delivered this operator with Wel-lok alloy plugs for its continuing offshore UK P&A project in the North Sea. To give long-term well-barriers and gas-tight seals in single and numerous annuli contexts, BiSN utilized its patented Wel-lok Seal Through Casing (STC) gadget.

Author Credits:  Payel Roy, Dhruv Bhatia


  • Report ID: 5568
  • Published Date: Jan 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The increasing number of abandoned wells across the world will majorly drive the market growth of the well abandonment services market.

The market size of the well abandonment services market is expected to get a CAGR of approximately 5% over the forecast period, i.e., 2024-2036.

The major players in the market are A&T Well and Pump, A Plus Well Service Inc., Acona AS, AGR Holdco Ltd., BiSN Oil Tools Ltd., Calfrac Well Services Ltd., Coretrax Ltd., Dan Wood Co., Expro Group Holdings NV, Halliburton Co., Weatherford International, Japan Oil Development Co., Ltd., Japan Petroleum Exploration Co., Ltd., Air Liquide Japan G.K., Inpex Corporation.

The offshore segment is anticipated to reap the largest market size with almost 68% by the end of 2036 and demonstrate substantial growth scopes.

The market in the North American region is expected to have the largest market share by the end of 2036 and provide more business opportunities in the future.
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