North America Well Intervention Market Size, Forecasts to 2033
The North America Well Intervention Market Size is expected to reach USD 7.13 billion by 2033, at a CAGR of 6.08% during the forecast period 2023 to 2033. Well intervention is an operation performed on an oil or gas well during or near the end of its production life to improve the efficiency of the well geometry through equipment maintenance, repair, and replacement. Workover, slickline, wireline, or coiled tubing are examples of well intervention, which enables the operator to reduce the likelihood of well blockages.