As oil and gas production companies look for efficient and cost-effective methods of increasing their output, the well intervention market is set to get a healthy boost. Spending on interventions – a way to extract additional resources from an existing well instead of drilling a new one – is projected to jump by almost 20% this year and total $58 billion. Rystad Energy’s modeling shows this is just the start of a surge in the coming years as the focus on efficiency intensifies. The intervention rate – how many oil and gas…
Hence then, the article about oil and gas well intervention spending set to skyrocket was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Oil And Gas Well Intervention Spending Set To Skyrocket )