Well Intervention and P&A Market Booms in the Asia Pacific

With the well intervention market expected to grow globally from an estimated USD 8.18 billion in 2017 to USD 9.85 billion by 2022, the Asia Pacific is one of the region set to most benefit from this wave of activity as it combines all 3 factors driving the upsurge: a rise in energy demand, an increase in oil & gas production and a need to revitalize aging fields. The Asia Pacific region is in fact likely to account for about $25 billion of spending in 2018-2022, most of which will come from Australia, Malaysia and Indonesia, as well as Thailand.

While the Asia Pacific has been on the radar of many well intervention contractors for several years, it is fair to say that workover and P&A activity has recently been ramping up throughout the region. A multitude of factors can be linked to this increase in well work projects, including:

  • Regulatory Changes and Guidelines
  • New Contractual Models
  • Technology Developments
  • Oil Price
  • Maturing assets


With well intervention and P&A activity ramping up from Malaysia to Australia, operators are working more collaboratively with contractors taking advantage of new business development opportunities. To help you navigate this year's Asia Pacific well intervention market dynamics, Offshore Network have therefore published a report on APAC Well Services Demand and Opportunities. The whitepaper offers:

  • An analysis of 7 Asia Pacific activity hotspots with a specific focus on well intervention projects and P&A liability, illustrating the great opportunity for well services in the region
  • An overview of regional drivers including changing regulatory guidelines, evolving contractual models, aging oil fields and technology developments
  • An overview of well service solutions required for both uplift activities and abandonment projects including downhole tooling, LWI systems and integrity remediation

You can access the whitepaper at

For more information, please contact Sam Scarpa at 


New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site

Asia Pacificwell interventionlight well interventionWell P&AintegrityMalaysiaIndonesiaAustraliaDecommissioningplugging and abandonmentAdvanced Well Stimulation Strategieswell managementwell service equipmentoil price

More items from sscarpa

APAC's Leading Well Intervention Conference Returns

The 6 th Offshore Well Intervention Conference, APAC will return to Kuala Lumpur on June 2-3 2020 , bringing together 250+ senior offshore well professionals for you to network and do business with. With more international operators than ever before who are looking for innovative interventio ...

Erin Smith - Offshore Network

Posted 8 months agoPress > Asia Pacificasia pacAPAC +29

Asia Pacific's Integrated Services Market Report

Are you aware of how integrated services can improve future well campaigns in the Asia Pacific region? Offshore Network have published an original report to share the benefits of integrated services for your future well intervention projects - I thought you might like to take a look! I've picke ...

Erin Smith - Offshore Network

Posted 8 months agoPress > APACAsia Pacificasia pac +14


2-3 June 2020 Asia Pacific's Leading Well Intervention Conference and Exhibition Asia Pacific's leading Offshore Well Intervention conference is returning to Kuala Lumpur for its 6 th year in June 2019, with support from key industry players such as Petronas MPM, SAKA Energi, Premier Oil Nat ...

Erin Smith - Offshore Network

Kuala Lumpur   Federal Territory of Kuala Lumpur   MY 02 Jun 2020

Posted 8 months agoEvent > RLWIasia pacAsia Pacific +15

Insight into Brazil’s Growing Well Intervention Market

Offshore Network have published an original infographic focusing on Brazil's growing well intervention market from 2020-2030, illustrating the huge opportunity available for operators and well service companies alike. Key points include: Brazil's Future: A diverse oil industry with multiple ...

Erin Smith - Offshore Network

Posted 1 year agoPress > well interventionlatin americawells management +4
All posts from sscarpa