Well stimulation services are performed to refurbish and increase the production of the well which is delayed by the skin formation close to the wellbore area. This is a common problem in producing wells occurring with time. There are two types of corrective stimulation methods: hydraulic fracturing and matrix treatments. Fracturing is executed above the fracturing pressure of the reservoir formation; whereas the matrix treatment is performed below the fracture pressure. The requirement of hydraulic fracturing is rising in Americas, making it a profitable market.
Maximum market of this stimulation service is in the geographical location where the key focus is on enhanced oil recovery. This increasing requirement and demand for maintenance and production of well in the oil and gas industry is forcing the well stimulation industry to develop in the market. The demand of stimulation is rising because main focus is on enhanced oil recovery. Some of the regions in the world such as the Americas can be a profitable market.
The increasing trend in the well stimulation market is set to continue further with the current surge in oil discovery and unconventional resources exploratory activities.
The report analyzes the well stimulation market by application and geographies. Market share analysis, by revenue, of the top companies is also included in the report. The market share analysis of these key players is arrived at, based on key facts, annual financial information, and interviews with key opinion leaders such as CEOs, Directors, and marketing executives.
In order to present an in-depth understanding of the competitive landscape, the report on well stimulation market consists of company profiles of some major well stimulation market participants in the market, which are service providers such as Schlumberger (U.S.), Island Offshore (U.S.), National Oilwell Varco (U.S.), Stewart & Stevenson (U.S.) and others.
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